Aaj, oil ka daam going down on Nymex. Also asli gold ka. TSX up, DJ up.

Chal, faisal's article representing one school of thought.
Every day, being flooded with reports that plenty oil reserves avlbl in e to the pi i + 1001 places, lakin oil companies not drilling becos extraction cost around $25- $30 and in others more. If oil continuing at this high daam, then oil companies digging in places like Russia and South America to take oil out and daam going down, becos actually plenty oil avlbl and oil companies knowing. Many reports already out that oil will down going to $35 by 2007 based on these reports. Daily I am compiling for this school of thought.
Other group compiling data to substantiate that oil prices to remaining high.
Kaun right hai?
Mera believe hai, aur not wishful thinking, that oil down jahega.Lakin apun koi soothsayer nahin.

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hinglish zindabad

It will touch $75 pbl, before it goes down to $50 range.Be prepare to pay more that $1.50 per lt.

Kal ke news pe, listening that one financial analyst tolding that at current oil prices petrol price must being 0.95. Not 1.12.

Matlab oil companies haram zaadein hain.

Lakin yeh koi revelation nahin.

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hinglish zindabad

Oh Bhai India main petrol 50/- rupees per litre ho gaya hai to canada main 1.25 kyn nahi ho sakta ?

Thought i would revisit this thread ....... fuel prices have just gone down by 2 cents to 94.5 ,.... that is what i paid today .... even though the price of crude has reached its highest at $ 80!!!!!!!.

Not that i am complaining, but what could be the reason ...... is it because of elections here in Ontario .... but why are prices low in US also ........

See, travel season is over for summer. Even if petroleum is costly, production of gas is not hit by hurricanes yet. Inventories are high and demand is less. That’s why. You might see above $ price again during thanks giving here next month and later in the US.

I was not aware that gas prices touched $1.25 even in 2005...

Anyways, if you own gas station or petroleum company share, here is some good news (which you already know probably) :

http://www.680news.com/news/local/article/347889--gas-prices-expected-to-soar-overnight

For the rest of us mortals - let us boycott the big 3-5 gas retailers and give our business to the smaller guys (I buy at COSTCO all the time since they started last year). We will still pay the same amount, but the bonuses and profits of these fat companies should be hit.

Like one of my CD friends commented : If only we can unite.

Hiren