[outsitWrord]

NEW YORK - Oil prices briefly fell below $50 per barrel for the first time since May 25, 2005, after the government reported larger-than-expected jumps in crude oil and gasoline inventories.

Light, sweet crude for February delivery fell to $49.90 in afternoon trading on the New York Mercantile Exchange. It spent only a few moments below the $50 threshold before climbing back to $50.10, down $2.14.

U.S. crude oil stocks rose by 6.8 million barrels to 321.5 million, according to a report by the Energy Information Administration. Analysts had been expecting an increase of just 325,000 barrels, according to a Dow Jones Newswires Survey. The EIA said inventories are above the upper end of the average range for this time of year.

Oil prices fall below $50 per barrel - Yahoo! News

Remember when Democrats took over ? Its having an effect! Democrats are not allowing George Bush to do what he wants anymore.The arabs know the democrats will make Mr Bush withdraw troops from arabic land.Thats why OPEC is manipilation with oil prices. Remember the movie "Fahrenheit 9/11" Well Micheal Moore was right about George Bush he said George H.W Bush his dad is the only former president to remain friends and do business with the Saudi Royal Family. And when George W Bush was elected in 2000 he was finding a way to boost up oil prices to benifit his stocks and his dad Stocks along the oil business he owns.Then 9-11 came.And the Hijackers were mostly saudis now i have a feeling George Bush did plan this conspiracy in order to invade IRAQ just to get to saddam because saddam try to kill his daddy back in 1993.Plus Bush dads made deals with the saudis to get the oil prices up to benifit his stocks in exchange to protect saudi arabia intrests and protect saudi security from their enemies.Last year there was a man campaigning "" PAIN AT THE PUMPS= PAIN AT THE POLLS"" Thats why i voted for democrats straght down the line last november because republicans have pisssed me off! And it worked. Now we have the democrats in total control of the house and senate and they will not allow mr bush to do what he wants anymore..And theyre gonna stop funding for this war. Now i used to be a fan of Rush Limbaugh but NOT ANYMORE!!! I think now Rush Limbaugh is a bullshit con artist to get what he wants.I used to belive what Rush said about the democrats but now i know the real truth about the republicans.The Repubicans are for the wealthy and Big Oil profits.Democrats are for the Little people.Ordinary People like you and me.Mr Bush only gave tax breaks for the wealthy and Big Oil CEOs like Exxon & Mobil. Like Exxon & Mobil excutives gave a 15 million dollar retirement check to the CEO. And Now oil prices are on the decline since the election was a victory for the democrats.I think No Republican should ever be in power ever again cause we simply cannot trust them because of George Bush.

[Peterli]

So, basically, you voted for Democrats because gas prices were high at the time of voting?



You have to love democracy in action.

[TheBestCheapestOEM]

So when will the price of gas go down then?

[Usogwdkb]

So when will the price of gas go down then?

They've been falling steadily for sometime here.

[Usogwdkb]

So, basically, you voted for Democrats because gas prices were high at the time of voting?



You have to love democracy in action.

Yeah, too bad people are loyal to parties instead of voting for candidates.

[ClorrerVeks]

So when will the price of gas go down then?

As soon as our state gets rid of all the stupid environmental regulations on gasoline.

[TheBestCheapestOEM]

As soon as our state gets rid of all the stupid environmental regulations on gasoline.

It's not regs that are keeping the price at $2.55 when that was the price of gas at $70 a barrel as well....

And I kinda like being protected from harmful environmental hazards that cause cancer.

[bapimporb]

Oh so now the Democrats are in power the price of oil is going to mysteriously drop? Perhaps they're working for big oil all along; I mean if their mere presence in congress can lower oil prices surely something must be afoot.

On a side note this has been one of the warmest winters in recorded history leading to a dramatic decline in the consumption of oil. But aren't we causing this global warming? Shouldn't I want it to be colder? I'm so conflicted.

Varus

[outsitWrord]

Wanna get gas prices down? ELIMINATE THE GAS TAX!!! And Raise taxes on the wealthy and Raise toll roads prices.

[bapimporb]

It's not regs that are keeping the price at $2.55 when that was the price of gas at $70 a barrel as well....

And I kinda like being protected from harmful environmental hazards that cause cancer.

so you're for banning all fast food restaurants?

Varus

[bapimporb]

Wanna get gas prices down? ELIMINATE THE GAS TAX!!! And Raise taxes on the wealthy and Raise toll roads prices.

A liberals response to everything "raise taxes on the wealthy"

What's sad is if they actually had any aspirations of being wealthy they wouldn't feel this way. What does this tell you about this person?

Varus

[cokLoolioli]

Expect prices to go up, possibly drastically. The House democrats are passing legislation today that will increase costs to the oil industry which will be passed down to consumers as always. It will also discourage domestic oil exploration. This is of course if the Senate passes and Bush signs.

Search Results - THOMAS (Library of Congress)

And for you neolibs who prefer to be told what to think - House Democrats target Big Oil with higher fees, taxes - CNN.com

[cokLoolioli]

I have been trying to figure out the economic goal of the democrats. It seems like they dont understand basic economics, but that seems unlikely. Could the ultimate goal be to simply limit the profit a company can make, thus redistributing wealth? Eventual legisalted socialism?

[stunnyravytal]

The costs of the Iraq war should be partially (perhaps 50%) paid for with gasoline taxes. Anyone who thinks oil had nothing to do with our adventures in the middle east is nuts (IMO).

[Lydiaswingert]

The costs of the Iraq war should be partially (perhaps 50%) paid for with gasoline taxes. Anyone who thinks oil had nothing to do with our adventures in the middle east is nuts (IMO).

A better solution, I think, would be to tell the oil majors that their profit margin will no longer be defended by US soldiers.

[outsitWrord]

This war is about BLOOD FOR OIL! Its a rich mans war. While all the poor people are dying.Why not send congressmen children to fight this war? Why dont Bill Gates son join the Marines? Congressman Randle has the right idea. RE-INSTATE THE DRAFT! That means every class fights even kids from Harvard and Yale fights in the military.

[bapimporb]

This war is about BLOOD FOR OIL! Its a rich mans war. While all the poor people are dying.Why not send congressmen children to fight this war? Why dont Bill Gates son join the Marines? Congressman Randle has the right idea. RE-INSTATE THE DRAFT! That means every class fights even kids from Harvard and Yale fights in the military.

Actually during vietnam the college kids were exempt from the draft. But I don't expect you to know this.

Varus

[outsitWrord]

But not today.Dems are planning to close that loophole.And if anybody goes and cross the border to sneak into canada theyre be FBI agents waiting for them to arrest them and its a 20 year prison sentence for deserting from the draft.

[ClorrerVeks]

It's not regs that are keeping the price at $2.55 when that was the price of gas at $70 a barrel as well....

And I kinda like being protected from harmful environmental hazards that cause cancer.

Then don't complain if gas in California is more expensive then anywhere else in the country.

[outsitWrord]

Then don't complain if gas in California is more expensive then anywhere else in the country.

Superliberal evoinmentalist in California are the reason why Gas is high in america.Ever wonder why a number of californians moved into Oregon Washington and Nevada?