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[DSanner106 AT aol.com]

yup,
    I agree. I don't see oil shooting back up anytime soon,  actually. Demand 
is down, and the economy
will not improve greatly for a while. This mirrors most of the world right  
now. The oil producing nations will
take what they can get for it, and right now that is less. I am actually  
more worried about the 50% drop
in corn and soy beans. The world market is hurting so that too will stay  
down. Our family farm passed
down this year, had that happened next year and we faced 45% inheritance  tax 
we would have lost it. The
lower crop prices mean that banks would not have even loaned the money to  us 
if we had wanted to mortgage our lives to pay the tax. Dire times ahead.  
Another victory for the genetically engineered corporate farms.
 
Drew
 
 
In a message dated 10/28/2008 11:30:48 A.M. Eastern Daylight Time,  
don.bowen AT earthlink.net writes:

Oil  prices are plunging for a variety of reasons.  The unwinding of  the
commodities futures market as holders are desperately trying to raise  case
in a down market is one part.  The big or small part depends upon  how much
you thought speculators were responsible for the upswing.   Look at Copper as
an example.  It was trading well over $3.50 several  months ago, now it is
below $1.90.  Other commodities are the same as  holders see demand
destruction

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