Oil Prices Tumble | Clipmarks


	Oil Prices Tumble

willhelm

7-19-2008 3:02 AM

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7-19-2008 10:17 AM

jamesgrimes

I hope it has started to--this crap of paying more than $4 a gallon is for the freaking birds and has got to go.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c40f2115-8e0c-4874-a4de-0e392db2b5fb/0BE2B4A7-0151-41C4-8C50-28EC03C1B8D4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.breitbart.com/article.php?id=D920GS884&show_article=1" href="http://www.breitbart.com/article.php?id=D920GS884&show_article=1" style="font-size: 11px;">www.breitbart.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> "If this is not the bubble's implosion, than it's a reasonable facsimile," analyst and trader Stephen Schork said in his daily <A rel="nofollow" href="http://search.breitbart.com/q?s=market%20commentary&sid=breitbart.com" class="lingo_link">market commentary.</A> "Time will tell. Nevertheless, for the time being we no longer care to hold a bullish view." </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> Light, sweet crude for August delivery fell 41 cents Friday to settle at $128.88 on the <A rel="nofollow" href="http://search.breitbart.com/q?s=New%20York%20Mercantile%20Exchange&sid=breitbart.com" class="lingo_link">New York Mercantile Exchange</A>—well below its trading record of more than $147 a week earlier. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> "It's too early to say we've seen the worst of it," said Tom Kloza, publisher and chief oil analyst of the Oil Price Information Service in Wall, N.J. "We would be Pollyannish if we believe one week represents a trend." </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> The national average for a gallon of regular fell by the most since February, AAA data show, and could ease further in the days to come. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> So is it time to declare the energy bubble popped? </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breitbart.com/article.php?id=D920GS884&show_article=1"><P> Experts won't go that far just yet. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/0BE2B4A7-0151-41C4-8C50-28EC03C1B8D4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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