I10Express
All-Star Author
San Antonio
Posts:549
Points:59,870
Joined:Nov 2008
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Message Posted:
12/5/2008 10:16:40 AM
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At this rate the oil companies and OPEC will ask for a tax payer bail out next.
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RideKT22
Rookie Author
Orlando
Posts:86
Points:13,945
Joined:Nov 2008
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Message Posted:
12/5/2008 10:11:19 AM
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Day trading oil futures big money these days....oh, how I wish I would have got short in August...I would have bought all you a tank of Saudi gas :-)
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MajorSteve
All-Star Author
Oklahoma City
Posts:722
Points:282,165
Joined:Sep 2006
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Message Posted:
12/5/2008 10:04:55 AM
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Diesel still needs to drop. It is $1 more per gallon that gasoline, and for no reason!
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parsec
All-Star Author
Toronto
Posts:581
Points:88,515
Joined:Oct 2008
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Message Posted:
12/5/2008 10:04:49 AM
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Will be under $40 next week!
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tomok
Champion Author
Portland
Posts:10,725
Points:764,660
Joined:Aug 2006
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Message Posted:
12/5/2008 10:03:08 AM
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Drop that crude oil price, US Fuel Demand Drops Further.
And, crude oil drops for a 6th straight day, 7th, 8th, 9th…
‘Below $40 a barrel in the next 6 months.’
What goes around, comes around OPEC!!!!
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ss70
Champion Author
Detroit
Posts:3,264
Points:774,110
Joined:Sep 2005
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Message Posted:
12/5/2008 10:02:49 AM
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good
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rogerparry
Champion Author
Florida
Posts:1,572
Points:336,485
Joined:Jan 2008
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Message Posted:
12/5/2008 9:59:44 AM
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Good news. Keep conserving.
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seville04
Veteran Author
Albuquerque
Posts:471
Points:587,725
Joined:Sep 2004
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Message Posted:
12/5/2008 9:58:40 AM
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bad economy=low gas prices.
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MG_Sputnik
All-Star Author
Philadelphia
Posts:758
Points:478,755
Joined:Apr 2006
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Message Posted:
12/5/2008 9:58:24 AM
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Let's get below $40!
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94Vol
Rookie Author
Nashville
Posts:49
Points:16,330
Joined:Nov 2008
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Message Posted:
12/5/2008 9:58:02 AM
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Now gas prices need to follow as quickly has oil has
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beanDE
Sophomore Author
Delaware
Posts:166
Points:68,435
Joined:Jun 2008
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Message Posted:
12/5/2008 9:56:38 AM
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Wow, if oil goes below $40 a barrel, that would put gas prices around what they were 15 years ago!!
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guyincognitoNY
Veteran Author
New York
Posts:386
Points:92,060
Joined:Sep 2008
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Message Posted:
12/5/2008 9:56:35 AM
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43.15
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Drill_It
All-Star Author
Michigan
Posts:977
Points:167,515
Joined:Jul 2008
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Message Posted:
12/5/2008 9:55:58 AM
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Lets see what happens today....
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wkwak
Veteran Author
Atlanta
Posts:370
Points:46,195
Joined:Sep 2008
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Message Posted:
12/5/2008 9:55:58 AM
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old news
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4eyedstang
Sophomore Author
Atlanta
Posts:181
Points:36,200
Joined:Nov 2008
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Message Posted:
12/5/2008 9:54:24 AM
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Conservation, conservation.
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no1doc
Champion Author
Milwaukee
Posts:1,354
Points:212,325
Joined:Oct 2007
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Message Posted:
12/5/2008 9:51:57 AM
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ok
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AC-302
Champion Author
Los Angeles
Posts:8,886
Points:1,361,805
Joined:Aug 2004
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Message Posted:
12/5/2008 9:51:14 AM
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I heard that crude oil bottomed out under $45/bbl this morning. Good news. Oh, and that idiot Hugo Chavez has to be crying the blues. After all, he promised all these social services to his people. But they were predicated on oil being at least $120/bbl forever more. And of course, what goes up, must come down. I'm glad Chavez has managed to screw himself!
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Palico
Sophomore Author
South Carolina
Posts:156
Points:52,895
Joined:May 2008
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Message Posted:
12/5/2008 9:50:39 AM
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" the engine of capitalism is stuck right now"
Nope, it's not stuck. Sure the market is down which contributes in turn drive the oil down. BUT maybe just maybe the over-inflated prices at the pump early this year got more people to think about using less, and other new items say we where on a three year decline in fuel demand currently. This means we were on a declining demand when you used a good market to send the price up. So you raised the price as high as possible while you could and drove demand down more. I only hope we can keep the demand declining.
You reap what you sow.
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REVLAW
Champion Author
San Antonio
Posts:2,333
Points:440,585
Joined:Jul 2007
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Message Posted:
12/5/2008 9:50:19 AM
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Guess it's too early for new news.
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hank1326
All-Star Author
Los Angeles
Posts:754
Points:172,280
Joined:Jun 2008
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Message Posted:
12/5/2008 9:50:11 AM
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Keep on conserving, more than ever. We need to keep lowering the demand.
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Jamer
All-Star Author
Orange County
Posts:915
Points:125,855
Joined:Jul 2002
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Message Posted:
12/5/2008 9:49:17 AM
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Happy Days are here again!!!!!
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Lonewolftx
Champion Author
Houston
Posts:5,956
Points:1,170,560
Joined:Sep 2005
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Message Posted:
12/5/2008 9:48:59 AM
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Well it is the supply and demand and demand is way down for a number of reasons . . .
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StillTooHigh1
All-Star Author
Michigan
Posts:599
Points:256,790
Joined:May 2007
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Message Posted:
12/5/2008 9:47:46 AM
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$1.55 here today - great news for me! Now I can afford to buy some soft toilet paper.
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UTOrangeMan
Champion Author
Atlanta
Posts:2,339
Points:273,975
Joined:Mar 2008
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Message Posted:
12/5/2008 9:47:38 AM
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Too bad the economy had to break for it to drop.
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harbnger
Veteran Author
Louisiana
Posts:263
Points:108,720
Joined:Jun 2005
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Message Posted:
12/5/2008 9:47:20 AM
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Fall Fall!!
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mattf373
All-Star Author
Atlanta
Posts:687
Points:133,340
Joined:Mar 2003
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Message Posted:
12/5/2008 9:47:18 AM
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$40 honestly is a bit low.
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bicycler
Champion Author
Ontario
Posts:6,489
Points:1,163,045
Joined:May 2005
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Message Posted:
12/5/2008 9:45:59 AM
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I like $40.
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movinon
Champion Author
Kansas City
Posts:13,676
Points:1,189,600
Joined:Mar 2005
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Message Posted:
12/5/2008 9:44:39 AM
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Keep conserving. Sit on it and twirl OPEC.
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spheremaker1
All-Star Author
Arizona
Posts:514
Points:397,550
Joined:May 2006
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Message Posted:
12/5/2008 9:44:23 AM
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$40.00 is a good price..
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danthemanvan
Champion Author
Montgomery
Posts:3,340
Points:695,880
Joined:Nov 2006
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Message Posted:
12/5/2008 9:43:40 AM
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let's keep conserving!
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Don1222
Champion Author
Michigan
Posts:2,380
Points:165,030
Joined:Jul 2008
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Message Posted:
12/5/2008 9:42:19 AM
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It will come back up as soon as unemployment goes down. If unemployment does not get better, it doesn't matter.
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GasholeMI
Champion Author
Lansing
Posts:1,961
Points:158,415
Joined:Jul 2008
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Message Posted:
12/5/2008 9:40:55 AM
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Falling this morning too.
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MG_Sputnik
All-Star Author
Philadelphia
Posts:758
Points:478,755
Joined:Apr 2006
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Message Posted:
12/5/2008 9:38:21 AM
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Keep conserving!
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pitchingcoach
Veteran Author
Michigan
Posts:455
Points:57,275
Joined:Aug 2008
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Message Posted:
12/5/2008 9:36:51 AM
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<$40 a barrel would be good. Is the measure of a thriving economy the amount of oil that is consumed? Can we not conserve and still have a productive, growing economy?
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pwr2daprius
Veteran Author
El Paso
Posts:310
Points:66,240
Joined:Oct 2008
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Message Posted:
12/5/2008 9:36:25 AM
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below 43 right now
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Biogen
Veteran Author
Ventura
Posts:449
Points:107,505
Joined:Jul 2008
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Message Posted:
12/5/2008 9:36:23 AM
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Awesome.. $1.78 here
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Alexandra1973
Veteran Author
Ohio
Posts:421
Points:55,605
Joined:Jan 2008
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Message Posted:
12/5/2008 9:35:53 AM
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I was reading where we might see $1 a gallon again in 2009.
That'd be nice.
I never expected gas to drop back down to $2...it's $1.6X in my area.
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BartBuzz
Veteran Author
Atlanta
Posts:416
Points:212,185
Joined:Aug 2006
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Message Posted:
12/5/2008 9:33:56 AM
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We conserve and oil prices drop. Just think what would happen if we started drilling more at home AND if our government would establish a national energy independence policy. Just don't leave the Chris Dodds and Barney Franks in charge. Look how well they watched our mortgage lenders.
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AnObserver
Champion Author
New Jersey
Posts:1,814
Points:900,940
Joined:Sep 2005
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Message Posted:
12/5/2008 9:33:40 AM
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to be expected with demand down and the economy in the dumps
[Edited by: AnObserver at 12/5/2008 9:36:21 AM EST]
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Sharon69
Rookie Author
Mississippi
Posts:53
Points:32,980
Joined:Oct 2008
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Message Posted:
12/5/2008 9:33:25 AM
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people haven't stop buying gas it's just less people because of all the lay offs
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ColoHyperMiler
Veteran Author
Denver
Posts:467
Points:113,495
Joined:Jun 2008
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Message Posted:
12/5/2008 9:32:24 AM
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Good
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ladyjj
Champion Author
Tennessee
Posts:1,917
Points:205,135
Joined:Apr 2008
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Message Posted:
12/5/2008 9:31:58 AM
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Who know which is right up or down! I hope it is down and stays down for a while. We all need it down! come on 40 a barrel!
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timwil
Champion Author
Arkansas
Posts:2,578
Points:538,655
Joined:May 2007
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Message Posted:
12/5/2008 9:31:47 AM
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ok
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BoerneWatch
Champion Author
San Antonio
Posts:6,718
Points:875,685
Joined:Oct 2005
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Message Posted:
12/5/2008 9:31:20 AM
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For years we were told demand was up while it was actually down and now we are told it is both up and down.
The truth is that demand is at about the same level as it was for 2001 or 2002. We were supposed to keep increasing demand and we did not.
So, when you see the story that demand is up compared to a year ago, remember that it is still way, way off from where it was projected to be and much lower than it was 5 years ago.
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txyankee
Champion Author
Milwaukee
Posts:4,427
Points:765,950
Joined:Sep 2005
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Message Posted:
12/5/2008 9:29:41 AM
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even paying the terriest 1 penny is to much for there oil. we have plenty right here.....
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firemanjones
All-Star Author
Miami
Posts:603
Points:75,420
Joined:Aug 2008
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Message Posted:
12/5/2008 9:28:33 AM
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The press can't get anything right, demand is up, demand is down. Sometimes I think they write just to justify their salaries.
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Wizrd03
Sophomore Author
Illinois
Posts:226
Points:68,775
Joined:Oct 2008
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Message Posted:
12/5/2008 9:28:32 AM
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keep it comming
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cableman31
Champion Author
New York
Posts:1,004
Points:475,165
Joined:May 2004
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Message Posted:
12/5/2008 9:28:26 AM
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NO WORK NO GAS!!!! This is a very bad sign. 46 more days and the IDIOT is gone. Let's hope we will be able the breath a little easier.
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barsantij
All-Star Author
Greensboro
Posts:522
Points:128,340
Joined:May 2008
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Message Posted:
12/5/2008 9:28:04 AM
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SHOWBIZK give Glaarides a break ...
Gas Prices Available - check
Oil Prices Available - Check
Consumption --- Don't see it
(VMT - Don't see it)
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Matts_Pap
Champion Author
Pennsylvania
Posts:1,518
Points:235,040
Joined:Feb 2008
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Message Posted:
12/5/2008 9:27:48 AM
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No job, no money, no gas.
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