McCain and Obama dont have a clue how to drop the price at the pump

McCain, Obama Clueless on Oil BP,COP,F,GM,OIL,USO,XOM - TheStreet TV

 

check this **** out

The Chinese government said Thursday it would raise the price of gasoline by 16% and diesel fuel by 18%. Investors initially believed the price hikes could dampen demand from China's growing economy.

"This is going to finally mean that the Chinese are going to feel more of the pain," said Peter Beutel, oil analyst with Cameron Hanover.

However, many investors Friday believed that Chinese refiners may start purchasing more oil, since the price hike would likely increase their margins.

 

Oil sets record above $140 a barrel on supply concerns - Jun. 26, 2008


Intraday record set on $5 surge as comments from OPEC, Libyan officials raise supply and price concerns.

 

i just seen diesel for 4.55

 

i hate the high price of fuel... the airline index is now down 93%.....FedX and UPS have both lost in their company's stock market value.... the market value of railroads stocks have held up.... fuel cost is paid by the shipper (consignee) in many cases...

while i hate the high fuel prices i look foward to the new all electric cars, CNG cars and trucks, and all the many different ways energy will be generated and saved in the future.... there's also proof that people are now buying homes closer to their work places.... the current changes are not huge but they are measurable....

just think, biking and walking to work might happen...

 

yeah its sucks because i work for FedEx and if we dont do well we dont get our bonuses at the end of the quarter, so fuel prices are screwin everything up

 

the big thing I see right now is oil futures are traded in dollars so this is bringing in lots of foreign investors to take advantage of a easy buck...........lots of investors

 

It is like the United States is having a 50% off sale.

 

pretty close

also most of the funds out there are playing oil and gas stocks very heavy just to keep their portfolio from drownding.............you seen what the DOW and NAS are doin lately

 

Yeah, They both took a correction yesterday. DOW was down 450 if memory serves for a total of 13800 I think.