"Pretty Big Downside" for Oil, Energy Stocks as Demand Falls, Garnick Says

Dumbest thing I've ever heard

Buy tech in a slowing economy? Umm...no. I don't think so. Nothing has changed. Oil will be back up.

Silly little analyst, never even mentioned the four letter word that is IRAN.

Are they brother and sister? They both look like chimps.

what a joke - this lady is a morrronnn the oil breakeven is a full $80 per barrel - dont be fooled - printing money above 80 ppb if it drops below 80 then sell -

The fact is as the US continues to slow everything else gets dragged down with it. Europe will start to slow. Then there will be less demand for the stuff China makes. So all that will be a drag on oil. I think there will still be resistance to $3.50 gasoline in a slowing economy. The day that oil demand is back up though and supplies low, watch out!

Today, Petrobras CEO, said tha oil is not expensive if actual finding and operative cost are on the table. The main Oil services and drilliang companies are working almost a full capacity, specialy Schlumberger, Halliburton, HP, Baker. Energy cost are gong to grow because the peak of oil production has been reached. review Dr. King Hubbert predictions. http://www.hubbertpeak.com/Hubbert/

She's talking it down so Invesco can buy ? Never trust an analyst their agendas are always suspect

Hey interviewer...SHUT UP AND LET THE EXPERT SPEAK AND STOP TRYING TO INJECT YOUR HEADLINE "KNOWLEDGE" INTO THE MIX...you are interviewing someone that is a lot more intelligent than you...so ask the question and let her speak!

Could this drop have anything to do with the President lifting the prresidential ban on offshore drilling? If congress lits the ban totally the price would collapse to $50 overnight.

Is she related to Shelley Long ?

Thomas M - I think you couldnt be more correct... All this talk about supply and demand - i guess everyone thinks it is just coincidence that the price per barrel saw the largest drop it had seen in 17 years - and it happened less than 24 hours after Bush lifted the symbolic executive ban - was then followed by a week or more of prices drops. Pure speculation.

How ironic? This is all shaping up to be just in time for the election. The fact is that all the market manipulations of recent from our government and others will create only a short-term "breather" from energy prices. It still stands that the world economy is developing producing a long-term increase in oil demand, and people still are not drastically changing the way they live, even at these prices. The only thing this will accomplish is for Americans to say, "Whew!", and keep their gas guzzlers, which will make things worse in the long term.

Oil is obviously overpriced. Supply and demand can't explain an increase of 100% in under a year. There were many factors which caused the price of oil to rise as it did. Inflation, speculation, and the Dollar's decline vs the Euro have all caused this problem to explode. The dollars re-valuation, A slowing of inflation ( which the FED can control to some extent) and decrease in demand can help lower prices. Just a thought, did you know that A F-18 fighter can burn through 20 gallons of gas in a single second? Makes you think of what causes a good portion of the demand. . . WAR.

It cost about $3/barrel to pump oil out of the ground, including all costs, (that's why they didn't go bankrupt when the price of oil dropped to $10/barrel.) At $130/barrel the US is becoming a pincushion with all the new gas and oil well they are drilling, it's a two year wait to get your landed drilled now, when all those new wells go online, then what?

yea.I think that we shoud not launch in to politics.

yea.I think that we shoud not launch in to politics.

It probably has very little to do with Bush lifting the ban. That action may have a little influence, but what really matters in the long term are actual production levels and demand, not silly little ploys to open up drilling. Speculators are not stupid, and they know that oil companies will not rush to pump a bunch of new oil regardless of availability. That would eat at their own profits by drastically increasing supply. All actions like Bush's just take the edge off prices and make them more real, which is close to where we are right now. Prices will not drop much below $110 per barrel regardless.

G$---chill man, his job as interviewer is to question and interject to give her points to work off of---------shes being interviewed--not giving a lecture--thats how it works in such format

To Thomas M. Offshore drilling will not change anything "Overnight" it takes time to build, and refine oil. The solution is more fuel efficent cars.