Fast Talk

Experts say that the oil prices are just going along with plummeting markets worldwide. (http://money.cnn.com/2008/10/06/markets/oil/?postversion=2008100615) As credit markets are freezing and people are spending less, there is just less demand for crude oil now. However, I'm sure some Americans are somewhat pleased to see lower prices at the gas pumps as AAA reported that the national average price for a gallon of regular, unleaded gasoline fell 2 cents to $3.504 from $3.524, which is nearly 15% from the peak price of $4.114 a gallon hit on July 17.

Good news. The price drop indicates a stagnant market as trade relations have been strained and stunted---the potential is still there, however, perhaps in better news a signaling to retreat from foreign oil sources (and the battle!) and for the mobilization of domestic sources, a transition to alternative energy markets, and improved international trade regulations where needed, emphasizing interdependence and mutual growth.

Hi Rachel and Bailey, Oil prices falling bring bittersweet reactions. It’s unfortunate that we need a little inspiration to address global warming. It would be nice if we sought out alternative methods for energy, simply because we understood the necessity, but the real motivator for change has been the rise of crude oil. The reason we are attempting such extremes as car pooling and city transit is high gas prices. So, as prices fall…for many, amnesia sets in. Prices have not fallen low enough to erase memories but, we should be aware. But, more in touch with your replies is it true that oil producers are already pulling back on prices? I reaction is happening so swiftly, what will be the result when we develop true energy independence? Vernon http://vernonmartincoaching.com/Home.aspx

Now that there is very little disposible income left to the average american what does big oil care if the price drops. Bush, Chaney, and the gang got there's. All Bush wants to do is get out of office so he can enjoy his new found wealth. His only problem is that the financial collapse happened about 4 months too early.