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Oil futures dropping

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Old 07-17-2008, 11:45 AM   #1
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Oil futures dropping

http://money.cnn.com/2008/07/17/news...ion=2008071713


Check out this article.

This could mean that oil has peaked..all speculation of course but it would be great huh?

Mexico believes that they have...
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Old 07-17-2008, 12:43 PM   #2
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That's good news.
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Old 07-17-2008, 12:53 PM   #3
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I dont know about that Mexico news, right now there is a debate in congress about oil, the government wants to privatize Pemex, and allow foreign investment on oil resources, which is prohibited by the constitution, all the other parties are disagreeing with that propossal .... i disagree, so im thinking no big moves from Mexico for a while.... maybe...
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Old 07-17-2008, 01:04 PM   #4
wiscdave [OP] wiscdave is offline
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Quote:
Originally Posted by eordonez View Post
I dont know about that Mexico news, right now there is a debate in congress about oil, the government wants to privatize Pemex, and allow foreign investment on oil resources, which is prohibited by the constitution, all the other parties are disagreeing with that propossal .... i disagree, so im thinking no big moves from Mexico for a while.... maybe...
We'll have to wait and see. Let us know what you find out back home. I was suprised to find out that Mexico is #5 on the list of oil producers. Yeah baby, bring it back to the Americas


Biggest drop in 3 days now!!
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Old 07-17-2008, 01:07 PM   #5
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before you know it, we are going to have gas that is only $3.90/gallon.
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Old 07-17-2008, 02:29 PM   #6
wiscdave [OP] wiscdave is offline
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Quote:
Originally Posted by lsocoee View Post
before you know it, we are going to have gas that is only $3.90/gallon.
Just stopping the Hyper-inflation in the energy commodity markets is going to bring relief to the stock markets and our economy.
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