Oil breaks $100

[Dmitriy@AUTOcouture]

Oil hits $100/barrell, the 10 Year Treasury note yield is up 8 bps, DOW is down 10 points. What the hell is going on with this market?

[BMWdmk]

it's taking a dooky

[Kiemyster]

Originally Posted by dmkaldas

it's taking a dooky

a big ole sheee-aaaaattttt

[The_Blob]

100 bux a barrell is nothing. People will always drive not matter how expensive it gets.

[toofasttooslow]

Originally Posted by The_Blob

100 bux a barrell is nothing. People will always drive not matter how expensive it gets.

You think anyone will be driving when (notice I said when not 'if')oil hits $500/barrel?

[Kiemyster]

Originally Posted by gum5h03

You think anyone will be driving when (notice I said when not 'if')oil hits $500/barrel?

people will be driving more efficient cars to keep up with the prices eventually. i think the ratio of the average mpg's a car consumes will stay in tact with the amount of gasoline used so it wont end up being a big difference. but there will be a time period where theres gonna be a large gap between the two. and i think that "lag time" is gonna stay for about 15 years, and will fall back into place.

or. at least, i like to tell myself that, in a fairy tale land. lol

[DDL]

back to Economics 101, demand for oil is perfect inelastic..people will still drive if it hits $500

interesting solar companies did horrible today when crude oil climbed