Oil Dropped $10/barrel today....?

...which reason do you think is the chief cause:





1) Demand dropped sharply overnight.


2) Bush's announcement concerning drilling has opened the door to greater supplies so the market is reacting.


3) The middle east is suddenly stable again


4) Supply has increased and nobody realized that until this morning


5) All the gloomy economic news that came out today somehow effected the market in the totally opposite way it normally would have because today is backwards day.


6) It's only a ';lull'; that has happened before and the price will rebound.Oil Dropped $10/barrel today....?
1.





When demand drops the market will react positively. The US consumption has dropped only 1 to 2 percent. If we can cut our consumption of gas and other fossil fuels to 10 to 15 % we can control the price of oil and drive the sultans back into their tents. Americans have to take this issue into their own hands. As always government and politics will remain stagnant until their is an uprising of the people. This time just stop buying their crap and see how much power you really have.Oil Dropped $10/barrel today....?
yes the weasels are running for the hills, scared by the prospect, that we might start off shore drillin, which in my opinion is a bad thing to do.
4 and possibly 6
2 or 6
6
6
yes they did...





Wish the gas stations would stop price gouging now...
The day is not over, I choose #6