Wonder if those oil barron's who laughed at us when oil was 145.00 a barrel

[Bengus81]

are laughing now?? Trying to find some sympathy for them. Nope,no can do.

[safeinOhio]

1. I really, really hope some

of those speculators that bet on oil futures were long on oil futures Friday.
There should be a law that you can only bet on futures if you are able to take delivery.

[alwaysinasnit]

2. The Commodity Futures Modernization Act, signed by Clinton, did away with the requirement

that you must take delivery. It also effectively repealed Glass-Steagall.

[Wellstone ruled]

3. Yes sir,things from the past are coming home to bite us in the ass.

[alwaysinasnit]

4. +1000

[customerserviceguy]

6. Legalized gambling

Pure and simple. And government sanctioned betting, at that.

[alwaysinasnit]

7. +1000

Not just sanctioning, but backing with taxpayer $$$.

[former9thward]

5. This will put an end to the electric car market.

Gas will quickly be about $1.50 a gallon.

[maxsolomon]

8. LOL, not where I live.

$4.10 for premium on Saturday.

[former9thward]

9. There is a lag time for the price of retail gas to drop.

Of course taxes from state and local government may keep it up at a certain level no matter what the actual price of the gas is.