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Author	Topic: Crude Oil fell to $87 a barrel and unemployment fell in 356 cities	Post a Reply Back to Topics

angel4me Champion Author San Jose Posts:2,814 Points:794,545 Joined:Dec 2010	Message Posted: May 30, 2012 9:46:49 PM Ignore angel4me Report Abuse U.S. crude oil tumbled to a seven-month low $87.82 a barrel on the New York Mercantile Exchange today, the lowest price since Oct. 21st last year. Prices have decreased 16 percent this month, heading for the biggest drop since December 2008. Brent crude 6thclosed at $103 in London, the lowest price since December 16th. Gasoline fell 6 cents in the past week. Meanwhile, the Labor Department announced today that unemployment rate fell in 356 of the 372 largest U.S. metro areas. That tops last April, when 339 areas reported declines. The economy has generated 1 million jobs in the past five months. U.S. crude oil was selling at $106 not that long ago, and Brent was at $120. Gasoline was at $3.99. The national average now is $3.63. Unemployment rates are nearing pre-recession levels in a Visit Examiner for full article

angel4me

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San Jose

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Message Posted: May 30, 2012 9:46:49 PM

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U.S. crude oil tumbled to a seven-month low $87.82 a barrel on the New York Mercantile Exchange today, the lowest price since Oct. 21st last year. Prices have decreased 16 percent this month, heading for the biggest drop since December 2008. Brent crude 6thclosed at $103 in London, the lowest price since December 16th. Gasoline fell 6 cents in the past week.
Meanwhile, the Labor Department announced today that unemployment rate fell in 356 of the 372 largest U.S. metro areas. That tops last April, when 339 areas reported declines. The economy has generated 1 million jobs in the past five months.

U.S. crude oil was selling at $106 not that long ago, and Brent was at $120. Gasoline was at $3.99. The national average now is $3.63.

Unemployment rates are nearing pre-recession levels in a
Visit Examiner for full article

REPLIES (newest first)Ignore Short Messages

DanMtz Champion Author Oakland Posts:3,350 Points:1,242,350 Joined:Oct 2009	Message Posted: May 31, 2012 5:24:48 PM Ignore DanMtz Report Abuse Sounds like good news.
DerHahn Champion Author Illinois Posts:13,704 Points:2,113,160 Joined:May 2004	Message Posted: May 31, 2012 1:57:18 PM Ignore DerHahn Report Abuse would like to see pump prices take another dive like 4 years ago. but this time stay that way.
des7902 Veteran Author Virginia Posts:385 Points:212,240 Joined:May 2011	Message Posted: May 31, 2012 6:58:36 AM Ignore des7902 Report Abuse Good news?? Maybe, maybe not.
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: May 31, 2012 5:45:33 AM Ignore Agarre Report Abuse Oil Barrel <$100 is good for economy..,
lcleveland Champion Author San Antonio Posts:2,656 Points:650,075 Joined:May 2011	Message Posted: May 31, 2012 5:38:24 AM Ignore lcleveland Report Abuse so many have given up hope and quit looking
susansgym Sophomore Author Maine Posts:108 Points:100,535 Joined:Dec 2011	Message Posted: May 31, 2012 5:32:56 AM Ignore susansgym Report Abuse All lies from Obama and Congress. This is just their way of getting re-elected. Watch out, once the elections are over, the truth will come out. Jobs opportuniteis have not improved, just more people have lost their unemployment, so they don't count. Gas prices are being regulated by Obama and Congress. Wake-up America, Obama and Congress are playing into your stupidity. Show them that we aren't stupid. Don't re-elect Obama or anyone else in Congress.
58salty Champion Author Jacksonville Posts:6,605 Points:628,915 Joined:Aug 2011	Message Posted: May 31, 2012 4:35:55 AM Ignore 58salty Report Abuse Humblepie nailed it. Numbers don't tell the whole story.
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: May 31, 2012 4:29:10 AM Ignore humblepie Report Abuse numbers dont show the millions that have quit looking
wild3bill Champion Author New York Posts:2,546 Points:1,687,015 Joined:Nov 2005	Message Posted: May 31, 2012 4:21:59 AM Ignore wild3bill Report Abuse Gov't lied with phoney unemployment numbers for 59 of thelast 60 weeks(aS OF LAST WEEK)On Thursdays the lower numbers were revised upward.Oil may drop more if the revised Employment numbers show unemployment is worese than reported!
BEGTWO Champion Author Maryland Posts:1,937 Points:723,315 Joined:Sep 2010	Message Posted: May 31, 2012 4:19:40 AM Ignore BEGTWO Report Abuse This is good
Rockinrobby Veteran Author Tallahassee Posts:444 Points:276,990 Joined:Mar 2011	Message Posted: May 31, 2012 4:15:21 AM Ignore Rockinrobby Report Abuse I remember people saying it wouldn't drop this low
MImusicman Champion Author Michigan Posts:1,868 Points:406,700 Joined:Mar 2012	Message Posted: May 31, 2012 4:05:35 AM Ignore MImusicman Report Abuse yeah!
Tacodan Champion Author Cincinnati Posts:2,314 Points:653,235 Joined:Apr 2011	Message Posted: May 31, 2012 3:57:38 AM Ignore Tacodan Report Abuse maybe they moved out !
FPLREP Champion Author Virginia Posts:8,256 Points:2,447,275 Joined:Oct 2005	Message Posted: May 31, 2012 3:42:21 AM Ignore FPLREP Report Abuse The numbers are expected to increase in the unemployment area.
bigmoo63 Champion Author Kalamazoo Posts:1,275 Points:83,105 Joined:Nov 2009	Message Posted: May 31, 2012 3:41:31 AM Ignore bigmoo63 Report Abuse Unemployment falls when people run out of benefits. Not because people found jobs.
ReddevilNO Champion Author New Orleans Posts:3,365 Points:580,340 Joined:Aug 2011	Message Posted: May 31, 2012 3:39:26 AM Ignore ReddevilNO Report Abuse Come on down.
gs7101 Champion Author San Antonio Posts:5,518 Points:387,695 Joined:Jun 2009	Message Posted: May 31, 2012 2:59:56 AM Ignore gs7101 Report Abuse Keep dropping!
humblepie Champion Author Toledo Posts:34,191 Points:2,371,370 Joined:Mar 2006	Message Posted: May 31, 2012 2:55:33 AM Ignore humblepie Report Abuse we dont use brent and 30 million dont have jobs
amerk73 Champion Author Dallas Posts:7,045 Points:1,620,105 Joined:Oct 2008	Message Posted: May 31, 2012 2:48:35 AM Ignore amerk73 Report Abuse Brent Crude Oil now at $103.47
amerk73 Champion Author Dallas Posts:7,045 Points:1,620,105 Joined:Oct 2008	Message Posted: May 31, 2012 2:48:08 AM Ignore amerk73 Report Abuse WTI Crude Oil now at $88.06
amerk73 Champion Author Dallas Posts:7,045 Points:1,620,105 Joined:Oct 2008	Message Posted: May 31, 2012 2:47:50 AM Ignore amerk73 Report Abuse i dont see gas price down yet
Yooperheart Champion Author Michigan Posts:3,410 Points:526,050 Joined:Feb 2010	Message Posted: May 31, 2012 2:41:53 AM Ignore Yooperheart Report Abuse nice post eomc17
Travel1st Champion Author Las Vegas Posts:2,920 Points:470,660 Joined:Aug 2011	Message Posted: May 31, 2012 2:24:26 AM Ignore Travel1st Report Abuse Let's see Friday's numbers.
Sneakers55 Champion Author Houston Posts:51,297 Points:2,143,175 Joined:Nov 2005	Message Posted: May 31, 2012 2:22:03 AM Ignore Sneakers55 Report Abuse On May 31, 2012 12:39:29 AM, MontanaMac wrote: >Dig a little deeper on the unemployment numbers - the U3 >is frankly manipulated and the media won't mention (ever) >the more realistic U6 data. Not even U6 counts the people who decided to retire prematurely.
pepinoNC Champion Author Raleigh Posts:2,149 Points:657,815 Joined:May 2011	Message Posted: May 31, 2012 2:01:04 AM Ignore pepinoNC Report Abuse Conspiracy nuts crack me up.
pepinoNC Champion Author Raleigh Posts:2,149 Points:657,815 Joined:May 2011	Message Posted: May 31, 2012 2:00:31 AM Ignore pepinoNC Report Abuse Read the article.
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: May 31, 2012 1:48:54 AM Ignore uglytom Report Abuse Prove it.
slowpoke Veteran Author Virginia Posts:277 Points:101,130 Joined:Apr 2012	Message Posted: May 31, 2012 1:33:46 AM Ignore slowpoke Report Abuse even lower
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: May 30, 2012 11:34:53 PM Ignore LEGION57 Report Abuse Unemployment did not fall- they rigged the numbers- it is a lie.
carloco75 Champion Author Richmond Posts:3,716 Points:600,365 Joined:Oct 2010	Message Posted: May 30, 2012 11:32:51 PM Ignore carloco75 Report Abuse Unemployment sucks...
SBlouch Champion Author San Antonio Posts:8,730 Points:1,859,265 Joined:Apr 2007	Message Posted: May 30, 2012 11:31:21 PM Ignore SBlouch Report Abuse Prices at the gas pump are not going down here.
alterman156 Champion Author New York Posts:7,485 Points:1,556,775 Joined:Dec 2008	Message Posted: May 30, 2012 11:22:25 PM Ignore alterman156 Report Abuse I wonder how low oil prices will go?
pumaMN Champion Author Minnesota Posts:1,553 Points:337,765 Joined:Aug 2011	Message Posted: May 30, 2012 11:05:42 PM Ignore pumaMN Report Abuse ok
comprof Champion Author Houston Posts:6,859 Points:1,356,750 Joined:Jul 2009	Message Posted: May 30, 2012 10:57:52 PM Ignore comprof Report Abuse More manipulated figures.
Tigercat88 Champion Author North Carolina Posts:3,197 Points:616,865 Joined:Jul 2011	Message Posted: May 30, 2012 10:55:54 PM Ignore Tigercat88 Report Abuse Unemployment is really much higher. The Feds are Lying to the American People.
MontanaMac Champion Author Washington Posts:1,736 Points:410,050 Joined:May 2011	Message Posted: May 30, 2012 10:39:29 PM Ignore MontanaMac Report Abuse Dig a little deeper on the unemployment numbers - the U3 is frankly manipulated and the media won't mention (ever) the more realistic U6 data.
RRBC Champion Author Victoria Posts:2,705 Points:529,065 Joined:Oct 2011	Message Posted: May 30, 2012 10:36:48 PM Ignore RRBC Report Abuse Still bleak. What % are full time jobs at decent wage?
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: May 30, 2012 10:36:14 PM Ignore eomc17 Report Abuse Almost all of the jobs I am seeing online are entry level minimum wage jobs....and I am not getting called for interviews. I wonder what the REAL unemployment rate is. I haven't worked a minute in the past year. I have applied for jobs as dishwasher, server, customer service rep, etc, am a trained medical biller but that field is completely not hiring here. I have tried to kiss plenty of feet to get my feet in the door somewhere to a point of feeling stupid and useless. Next day I recharge, go out there and look again...I don't collect any benefits but do not want to stop being counted as unemployed. Wholesale gas is overpriced, WTI and Brent are WAY OVERPRICED!!!! RBOB gasoline is outrageously overpriced. Our oil production is at an all-time high and big oil has increased their profit margin at the pumps year after year since 2003. Considering that gasoline averaged 4.11$ a gallon when oil was 147.21$ in May 2008. The current price of oil, 87.82$, is about 59.656% of the May 2008 rate, then gasoline, if priced 59.656% of the May 2008 rate, should be 2.4519$ a gallon. Since gasoline averages 3.63$ per gallon today, that means that big oil is making a KILLING at the pumps. Big oil cannot blame the dollar for the increase in the price of gas because the dollar is much higher than it was in May 2008. The Euro is about 1.2485$ right now, in May 2008 the Euro was around 1.6065$ when the barrel of oil was 147.21$. I follow this because I spent nearly half my life in Germany and I have followed gas and oil market prices since around 2003, when big oil jacked up the price of gasoline in Washington state from 1.06$ to 1.91$ at my favorite gas station during he six months before Bush invaded and squandered our money in Iraq. Bush repeatedly deregulated commodity trading while he was president and is THE NUMBER ONE REASON why our oil and gas prices are so outrageous. Our two-faced president Obama can fix this mess if he really wanted to, but he "calls Congress to do this". HAH!! Congress can't do anything without money and Obama would rather squander twenty million dollars for an advertising agency to promote the unconstitutional Obamacare instead of curbing speculation and setting position limits and speculator can hold. What the Labor Dept is NOT telling you is how many jobs the economy lost during the past year. The person who leads the company overseeing the official govt unemployment numbers told CNBC last month that 80% of our unemployment rate decline is due to people, mostly women, leaving the workforce. Don't believe everything our govt tells you. I heard this myself so I am not making this up. I watch CNBC almost every weekday because I am interested in knowing how our economy is REALLY doing. MSNBC or NBC will not tell you what you NEED to know about Obama OR our economy. Obama has taught all of his supporters to lie through their teeth to make him look better than he really is and Romney worse than he really is. Do you want Obama squandering another five trillion dollars the next four years and raise our gas prices to European levels to force us to buy those really pricey Volts, Leafs, and Hybrids? Don't be naive, folks. I am a democrat, but I am not stupid and I love my country. Obama has completely flipped and corrupted the democratic party into this huge monster out to turn our country into an overspending entitlement state and he blames EVERYONE ELSE for all of his shortcomings and failures. In three years, he has not ever taken responsibility for any failure or unfulfilled campaign promise.
leraar2 Champion Author Massachusetts Posts:3,759 Points:786,705 Joined:Mar 2011	Message Posted: May 30, 2012 10:29:22 PM Ignore leraar2 Report Abuse still 30% too high due to speculators.
el_fr Champion Author Massachusetts Posts:3,332 Points:743,725 Joined:Apr 2011	Message Posted: May 30, 2012 10:25:32 PM Ignore el_fr Report Abuse That's only 599k a month. The rate needs to be double that.
Bussman Champion Author Dallas Posts:5,513 Points:1,358,985 Joined:Nov 2008	Message Posted: May 30, 2012 10:10:21 PM Ignore Bussman Report Abuse Obviously a lib political hack spouting the lib party line. Vote these folks out in Nov.
Jeff4U Champion Author Atlanta Posts:8,749 Points:1,852,145 Joined:Nov 2004	Message Posted: May 30, 2012 10:02:55 PM Ignore Jeff4U Report Abuse The Department of Labor discloses employment data on FRIDAY, which obviously hasn't happened yet, so I don't know or trust this info from Examiner. Crude is currently at $87.59 Wholesale gas is now $2.76 (implies $3.26 at your local pumps shortly)
kitty1750 Champion Author Kitchener-Waterloo Posts:2,199 Points:470,675 Joined:Jun 2011	Message Posted: May 30, 2012 10:02:19 PM Ignore kitty1750 Report Abuse Gas went up here.
asog75 All-Star Author Indiana Posts:836 Points:278,405 Joined:Aug 2011	Message Posted: May 30, 2012 9:56:17 PM Ignore asog75 Report Abuse keep tumbling.