Barrel of oil at $90

[smeagol]

In an election-dominated political board, I'm predicting this thread will sink fast. But what the !

I hope this sucker goes to $30 again. Chavez and thoses Saudis are going to be crying like ing babies.

[2centsworth]

In an election-dominated political board, I'm predicting this thread will sink fast. But what the !

I hope this sucker goes to $30 again. Chavez and thoses Saudis are going to be crying like ing babies.

we need to continue to conserve, increase supply, and develop alternatives.

[Viva Las Espuelas]

i wonder what russia will have to say about low oil prices.

[Wild Cobra]

i wonder what russia will have to say about low oil prices.

They are likely part of the reason for the prices dropping. They have some pretty large reserves they've been developing. Let's hope they pump and pump, and laugh at OPEC!

[Viva Las Espuelas]

They are likely part of the reason for the prices dropping. They have some pretty large reserves they've been developing. Let's hope they pump and pump, and laugh at OPEC!

i say that because they rely on high oil prices.

[Wild Cobra]

i say that because they rely on high oil prices.

Sure, it's been a nice boost for them. The citizens and state of Alaska also rely on high prices. However, if they can increase their market share, they increase their income as well, and put more people to work. If they could double their production, prices will drop some. However, they will likely still get at least another 50% revenue.