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Oil Prices coming down

This is a discussion on Oil Prices coming down within the On Topics forums, part of the On Topics category; The oil prices fell $ 9 in a single day after Bush announced lifting ban on drilling. though he needs ...

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Old 07-20-2008, 05:15 AM   #1 (permalink)
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Default Oil Prices coming down

The oil prices fell $ 9 in a single day after Bush announced lifting ban on drilling. though he needs to get the bill approved from congress but its good step towards the right direction.Increase in oil prices have severly effected the economies of third world countries
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Old 07-20-2008, 12:15 PM   #2 (permalink)
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Don't you mean nine cents....not nine dollars?
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Old 07-21-2008, 12:13 AM   #3 (permalink)
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No its $9 in single day, and its coming down with every passing day, lets jus hope this get better and we may see further decline in oil prices
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Old 07-21-2008, 09:04 AM   #4 (permalink)
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They still need to come down quite a long way in order for people to see the difference. I'm thankful that I don't have a car right now because I don't know how many people are able to afford it.
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Old 07-21-2008, 11:53 AM   #5 (permalink)
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Yes you are right, it need to come down to the mark of $ 100 per barrel, presently situation in many thrid worl countries have worsen due to sudden increase in record breakin oil prices
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Old 07-21-2008, 08:02 PM   #6 (permalink)
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It's not just in the third world where things have gotten worse due to the price of oil. It's hurting the USA as well.
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Old 07-21-2008, 08:31 PM   #7 (permalink)
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Quote:
Originally Posted by BrendaMarie View Post
It's not just in the third world where things have gotten worse due to the price of oil. It's hurting the USA as well.
Yes, almost big countries themselves are suffering from sustaining these issues. I am sorry about all such small countries where they would struggle more for daily needs now. Let me also hope for the same to it come down a lot more sooner.
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Old 07-22-2008, 12:54 AM   #8 (permalink)
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Oil prices are going down because people have cut down on buying it so much. They want people to start buying more gas, so they lower the price temporarily to get people buying it again and once they do...the prices will go right back up again.
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Old 07-23-2008, 01:41 PM   #9 (permalink)
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Quote:
Originally Posted by neo_moon1 View Post
The oil prices fell $ 9 in a single day after Bush announced lifting ban on drilling. though he needs to get the bill approved from congress but its good step towards the right direction.Increase in oil prices have severly effected the economies of third world countries

I think it is great that prices are going down, but drilling isn't going to make a difference. I agree that the biggest change comes from people cutting back and driving less. Walk a mile! It's not far. Plus drilling causes damage to the environment. Oil prices aren't worth a national wilderness.
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Old 07-24-2008, 05:14 AM   #10 (permalink)
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i noticed yesterday the price of petrol has come down a about 5 pence a litre. prices have been increasing steadily over the past six months to over £1.17 a litre. then yesterday they dropped a 5 pence that is a big drop.
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