The Think Tank

Oil Prices dropping today 8 August 2011

by on Aug.08, 2011, under Oil Prices

Well, finally the economic crisis is helping.  The S & P dropped our credit score, and today lowered the score of Freddie Mac and Fannie May due to their dependance on Federal funds.  So the stock market reacted by falling again, and finally there are some significant drops in crude oil prices and heating oil prices.  It is about time.  I hope it continues to free fall. 

Larsen Oil 503 281 0003   200g 3.33 400g       3.26  no change
First Call Oil 503 231 3311   200g 3.83 400g 3.63 no change
——————————————————————————————————————————————————-
06/24/11  Close        97.30 Crude   08/08/11   Close    80,34  down 6.96  
06/24/11  Close    2.78 Heating Oil   08/08/11   Close  2.7986   up .0186

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