Oil Falls to 17-Month Low as Recessio...

Oil Falls to 17-Month Low as Recession Concern Intensifies

There are 9 comments on the www.bloomberg.com story from Oct 27, 2008, titled Oil Falls to 17-Month Low as Recession Concern Intensifies. In it, www.bloomberg.com reports that:

Crude oil fell to a 17-month low in New York as plunging stock markets heightened concern that a global recession will slash fuel consumption.

Oil, copper and gold led a drop in commodities, heading for the worst month in at least 38 years, on signs raw-material demand will decline. OPEC may make an additional output cut if its Oct. 24 decision to lower production fails to bolster prices, said Mohammad Ali Khatibi, Iran's representative to the group, according to the country's state-run Mehr news agency.

Join the discussion below, or Read more at www.bloomberg.com.

Braveheart

Cameron, MO

#1 Oct 27, 2008
this is good news for the poor and bad news for the greedy.
asdfasdf

Panorama City, CA

#2 Oct 27, 2008
nothing but a game
NoGOP

Lavallette, NJ

#3 Oct 27, 2008
Look are this wall street mess.....ya'll should have watched the c-span version, and we are bailing out these wall street racketiers..with trillions of dollars just so they can do this AGAIN!?! While 1/3 rd of population goes without any healthcare or remains under insured. I do not want this country go in that direction at all.

http://www.nytimes.com/2008/10/26/business/26...

Since: Jul 07

United States

#4 Oct 27, 2008
Kind of demonstrates why energy needs to be removed from the commodities market. And why commodities traders need to be regulated, windfall profits taxed, and prosecuted.
towhatpurpose

Philippines

#5 Oct 28, 2008
we need to slow down the slowing economy some more to get the oil price down to the bone.
Peace maker

United States

#6 Oct 28, 2008
Can't we all get along ?

&fe ature=related

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#7 Oct 28, 2008
It continues to fall.

Go on your vacation right now; they will jack it up right after the election.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#8 Oct 28, 2008
Just proves the point that we don't need to risk our environment with more drilling to bring the price down.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#9 Oct 28, 2008
WeTheSheeple wrote:
Just proves the point that we don't need to risk our environment with more drilling to bring the price down.
And on today's "FOX NEWS" they are quoting some dimwit who now wants to go joyriding in his 'Hummer' again!

Dimmies never learn.

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