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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (20803)	10/4/2006 11:55:00 PM
From: etchmeister	Read Replies (2) \| Respond to of 25522

Crude oil for November delivery fell 73 cents, or 1.2 percent, to $57.95 a barrel at 11:19 a.m. on the New York Mercantile Exchange. Prices touched $57.75, the lowest since Feb. 16. Futures have declined 26 percent from a record $78.40 a barrel on July 14 as tensions in the Middle East eased and fuel stockpiles increased. What I'm hoping for is that energy speculators pushed oil to a point where consumer say ...it and switch to more efficient way of transportation. You can still drive your SUV but just don't use SUV to commute 100+ miles. Not sure if it's up to date but only one third of crude actually gets converted into gas and gasoline is a main driver for crude demand. Consequently if demand for gasoline dwindles crude might flood.