Thread: The Peak
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Hugh R Hugh R is offline
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Join Date: May 2003
Location: southern California
Posts: 26,964
You are all nuts. Oil is selling at $130/barrel, if you sell all your oil at that prices, why would you drop the price? Sure it may go down a buck or two, but 50% is naive. It's not like a housing bubble where people are bidding up prices based on interest only, stated income, 40 year notes with adjustable interest rates. This is a pay on the barrel head price situation. Meaning pay me now situation.
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Last edited by Hugh R; 05-29-2008 at 05:07 AM..
Old 05-28-2008, 07:28 PM
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