Why Oil under $100 Is Bad News

So......oil

You must be kidding........ those of us, normal people are looking at winter heating costs...... how about $70 sustained. The oil is there. Drill off shore..... Vote McCain

Lower prices cure lower prices. Supply maybe rising but at what cost? Its expensive to get oil from 10K feet in the ocean and to get it from extracting oil from sand. The easy oil supply is decreasing while the expensive oil supply is increasing. Also, much of the oil supply that is easy is located in politically high risk areas. China and India still have a growing 2.4 B population. There is a high growth rate for avg energy consumption per person in the emerging markets. Doesn't oil always fall after July 4th? Wait until growth resumes from 0-1%GDP, OPEC risk picks up, and people forget 4 dollar gas is expensive. Long FSLR and XLE

You want to vote McCain that is your choice, but you should know that even if we drill off shore it will not help with oil prices that much. Even if the oil is found here it will still be sold for the going market price. Canada drills its own oil and their prices are higher then ours, because of their taxes, but without their taxes they would be paying the same as us. Our oil their oil it does not matter the price will be the same as long and people can buy oil on the stock market.

TT edited out my critical comments. TT if you cannot stand the heat, get out of the opinion reporting business. Or engage me. Challenge. But no censorship. I used clean language and pointed out your logical flaws. Nothing more.

I cannot believe this guy thinks we should continue having oil prices as high as they are. Most of the problems we have had with the market is due to the direct amount of barrel prices. He most certainly is not suffering from the sky rocketing prices and he is blind to what the prices are doing to the economy of all classes in this country.

great point.......

in_the_oil_business - Thursday August 07, 2008 07:00PM EDT You must be kidding........ those of us, normal people are looking at winter heating costs...... how about $70 sustained. The oil is there. Drill off shore..... Vote McCain great idea trade lives for oil. Iran is next with mc cain.

What a deceptive title. Could yahoo! news be any more left and in favor of B.O. ---Vote McCain---

We need to work toward alternative fuels. The more nonfinite energy producers we have available the less carbon based fuels will damage weather. But also the less we will be forced to sell of our country and our american corporations to the Saudis.

Drilling more has got to be the laziest arguement for helping energy as I've ever heard. You'll never solve any energy problem if we drill and pray for lower prices. All research points out that drilling isn't going to help in the near term. You want a sound energy policy, vote Obama. You want to continue having energy prices climb and salaries decrease, vote McSame.

Check out: http://www.time.com/time/politics/article/0,8599,1829354,00.html?cnn=yes Kinda proves my point of Obama having a better understanding of drilling vs conservation/renewable energy

What an idiot. Yeah, way back in the day when oil was under $100, we were really in bad shape. Much better to have it stay pumped up. Obviously he's got a "green" agenda that has nothing to do with the economy. Either he's stupid, or thinks we are.

Yahoo! Finance User - 07:15PM, I am very surprised by your censorship experience. I've been poking fun at Henry, Aaron, and the boss and pretty much saying what was on my mind about the subject or interview'ee' and haven't seen a bit of censorship. Hmmm...

As long as oil is traded on the stock market, its like playing black jack against a casino. Who do you think will win ? The stock market is the casino for oil !

CHRIS, WHAT EXACTLY IS O'S ENERGY PLAN? WE CAN'T INFLATE OUR WAY OUT OF THIS.

We don't need to drill off shore, there is plenty of oil in the shale of Co., Wy., and Utah. Shell oil has developed the teck over the past 20 some odd years, and it's all located on government land, so why not just develope the oil shale where there is about 1.5 trillion barrels in place and we could become an oil exporting country instead of sending $700,000,000,000.00 a year over seas. No need to vote for McCain/Bush.

For me, under $100 is a good news, not a bad news. For VC's in alternative energy, who cares...

Wfhat about balance? We need all methods of fuel that we can get. Obama does not appear to lead us through all our problems like Energy,The world scene,Protecting our border, and Inflation. Right now McCain is the only choice but I do have reservations. At least thinks we should do everything possible when it comes to Energy.

Supply demand will be the savior of high prices. If you want a real recession/depression just pray for oil to stay well over a $100 over the next year. Personally I like a vibrant economy as I've been aware of and lived through mid 70's early 80's recessions mass unemployement is not fun times. Your auto companies are developing more efficient autos but takes time & lots of $$ but you'll soon tire of driving around in a yaris or equivalent for anything other than a short commute. And will you praise the Japanese auto for the enviro they are killing 10,000 whales as we speak.