I agree and sympathize. Yahoo has deteriorated from a once simple email format (years ago) to something no one without a PhD in computer science could possibly deal with, or even find or read their emails.
Looks like I may get my wish and get my buy in price of $78 soon. COP is such a great company and it's getting sold off with the market. Long and strong!
For these Yahoo bulletin boards you type in your i.d. and password and you ALWAYS get booted out with a message that the i.d. or password you typed is wrong. Well, you more than likely typed in the correct information (pay close attention the next time you log in). This is stupid and annoying. What is Yahoo up to?
That's an optimistic way to look at it although I don't buy it. So many factors besides oil price goes into the cost of gas. The refiners, distributors, middle men, legislators, etc. will insure that gas doesn't get too cheap.
The price of oil is no doubt the reason COP has sold off. And while COP will get almost $9 a barrel less in the short term , the lower oil prices will ultimately result with COP selling greater volumes as cheaper oil translates to the gas pump and consumers start buying more gas. Consumers will have more disposable income to spend on discretionary. A cut in oil and gas prices is , in effect ,a tax break for consumers . These price cuts eventually complete a vicious circle for oil , when increased demand for cheap oil starts to put pressure on crude prices once again.
@Bradshaw, you are probably right the 5% drop in the price of oil is not beneficial to COP's bottom line.