Thu, Mar 5, 2015, 11:36 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

BP p.l.c. Message Board

  • kopach kopach Jun 10, 2009 10:36 AM Flag

    crash oil crash no demand

    Oil is going to tank on current prices period. Consumers wont pay up period.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ko your cute and perky but your theory holds no "oil". In this ecomony those who have a job are thankful and will adjust to prices. Besides if you look at the retail consumer any reduction in day to day travel will be ofset by summer vacationers who, for economic reasons, will be traveling closer to home. the airlines and metropolitan hospitality industry have more to worry about. A study was recently released that indicated cost conscience liesure travelers will be take more and shorter vacations. Actually driving more miles. AAA has indicated that overall miles for this summer are expected to be flat, not down.

      The bigger risk in that a $2.00 gas tax will be enacted and that would make a difference.

      Don't forget emerging makets are in recovery and in fact increasing oil and coal use right now.

      Sorry to burst your buble....pop!!!

 
BP
41.18-0.35(-0.84%)Mar 5 4:04 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Geron Corporation
NASDAQThu, Mar 5, 2015 4:00 PM EST
Orbital ATK, Inc.
NYSEThu, Mar 5, 2015 4:02 PM EST