Mon, Dec 29, 2014, 8:22 AM EST - U.S. Markets open in 1 hr 8 mins

Recent

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

United States Oil ETF Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • sideshow32raheem sideshow32raheem Oct 6, 2008 2:38 PM Flag

    Don't worry!!!

    Not only that, but oil will STAY low when the market stabilizes / recovers. This demand destruction is semi-permanent just like 1982. Society's consumer habits have shifted for a good 20 years or more. 70 mpg vehicles already in the pipeline will be pouring out of factories in a year or so, and you will see them keep coming for the foreseeable future as it will take years to amortize the capital required to get them on the road.

    Only when consumers forget how bad they took it up the azz from oil will they start driving the price up again.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
USO
20.78+0.20(+0.96%)Dec 26 4:00 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.
Virgin America Inc.
NASDAQFri, Dec 26, 2014 4:00 PM EST
AAR Corp.
NYSEFri, Dec 26, 2014 4:00 PM EST
Portugal Telecom, SGPS S.A.
NYSEFri, Dec 26, 2014 4:02 PM EST