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Author Topic: WTI Crude Drops Amid Potential U.S. Government Shutdown Back to Topics
WxVette
Rookie Author
Omaha

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Message Posted: Sep 30, 2013 7:45:12 AM

West Texas Intermediate crude fell to the lowest in almost three months on concerns the U.S. government is heading for a shutdown over a budget stalemate that may reduce demand in the world’s largest oil consumer.

Futures slipped as much as 1.4 percent in New York, extending this month’s loss to 5.7 percent. The U.S. Congress has one day to end a spending gridlock that raises the risk of the first government shutdown in 17 years. Prices also fell after President Barack Obama and Iran’s President Hassan Rouhani spoke by phone on Sept. 27 about the Islamic Republic’s nuclear program and the United Nations Security Council approved a plan to eliminate Syria’s chemical weapons.

“The U.S. was one of the places in the world where economic data has improved for the last three to four mont
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REPLIES (newest first) Post a Reply
eomc17
Champion Author Tucson

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Joined:Mar 2007
Message Posted: Oct 1, 2013 6:31:54 AM

102$ for WTI crude oil is still completely outrageous.
djgunrunner
Champion Author Salt Lake City

Posts:13,549
Points:3,122,035
Joined:Apr 2005
Message Posted: Oct 1, 2013 3:16:33 AM

It will go back up. It will always go back up until that clown in the White House, who caused this shut down puts the American people before what ever he is getting by not supporting Natural Gas.
evpark
Champion Author Chicago

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Message Posted: Oct 1, 2013 1:45:15 AM

The government would be better off if they could permanently shut down Harry Reid, Nancy Pelosi and Barak Obama.
VetteFan
Champion Author Indiana

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Message Posted: Oct 1, 2013 1:41:38 AM

We'll see which side the public supports. That should give Congress a clear message of what to do next. DO WHAT THE PEOPLE WANT AND NOT THE POLITICIANS.
us4usa
Champion Author Missouri

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Message Posted: Oct 1, 2013 1:39:03 AM

DC shutdown, less vehicles on the roads burning fuel...
SHEP20715
Champion Author Maryland

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Message Posted: Oct 1, 2013 1:35:39 AM

Any idiot that things something good can come from a shut down is dumber then dirt. cmon 2012 THAT WAS THE IDIOTS OLD SLOGAN
PremierOneProp
Champion Author Boise

Posts:1,462
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Message Posted: Oct 1, 2013 1:33:20 AM

I hope the Republicans bring the Dems and Obama to their knees. I sick of this tax and spend. I think Obama wants to bankrupt the US.
RENEGADEGAS
Champion Author Missouri

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Message Posted: Oct 1, 2013 1:31:03 AM

Looks like a lot of good will come from this shut down. At least the current regime has lost funding for the special interest groups for awhile.
Bruno44
Champion Author Texas

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Message Posted: Oct 1, 2013 1:30:02 AM

Agree with Ticoman54.
shiningknight15
Champion Author Ohio

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Message Posted: Oct 1, 2013 1:29:21 AM

Shutdown should have no effect.
Ticoman54
Champion Author Miami

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Message Posted: Oct 1, 2013 1:28:00 AM

There is NO justifiable reason for crude to be at $99. It is soo overpriced! The GREED continues!
kcboy
Champion Author Utah

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Message Posted: Oct 1, 2013 1:27:13 AM

go lower and keep going lower
Zonk
Champion Author Michigan

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Message Posted: Oct 1, 2013 1:13:00 AM

Nobody truly knows what fate the U.S. shutdown will have on gas prices.
oldred11
Champion Author Indianapolis

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Message Posted: Oct 1, 2013 1:01:11 AM

Amazing isn't it. . .
granitestater
Champion Author New Hampshire

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Message Posted: Oct 1, 2013 12:57:44 AM

As long as Obama continues to bastardize the currency and the economy. Prices will go up...
pa79th
Champion Author Pennsylvania

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Message Posted: Oct 1, 2013 12:56:15 AM

That's sure to drive the prices up! Haven't seen anything yet that drives them down.
Garyallman
Champion Author Honolulu

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Message Posted: Oct 1, 2013 12:55:13 AM

Hah! Not any more! I will stop spending money period!
69Bonne
Champion Author Gary

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Message Posted: Oct 1, 2013 12:52:22 AM

Keep going down.
cwashi3324
Champion Author Cincinnati

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Message Posted: Oct 1, 2013 12:49:23 AM

Go lower go lower!
Bubba44612
Champion Author Ohio

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Message Posted: Oct 1, 2013 12:48:37 AM

Should be closer to $50 a barrel.
Garyallman
Champion Author Honolulu

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Message Posted: Oct 1, 2013 12:48:32 AM

The repubs and the dens wanna hurt, C'mon Public, lets explain it to them! Get ready to pay petty bastards!, were all in this together, lets explain it to them!, get ready to loose your A$$!
SteveHawk
Champion Author Ontario

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Message Posted: Oct 1, 2013 12:47:35 AM

Hope price keeps dropping
Darwin00
Champion Author Mississippi

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Message Posted: Oct 1, 2013 12:46:58 AM

OK
ican2step
Champion Author Pittsburgh

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Message Posted: Oct 1, 2013 12:45:05 AM

Tax and spend! Our country and way of life are in serious peril.
Garyallman
Champion Author Honolulu

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Message Posted: Oct 1, 2013 12:44:21 AM

Shut e'm down for a month + REALITY CHECK!! I'm ready!!
Mowerman08
Champion Author Milwaukee

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Message Posted: Oct 1, 2013 12:43:58 AM

So much for supply and demand, now we are at the mercy of a few.
TIGERPAW46
Champion Author Florida

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Message Posted: Oct 1, 2013 12:41:37 AM

Second article discussing similar fuel price decrease related to Wash. not pass a budget. They shouldn't call it a budget anyway, most of Washington wants unlimited spending with we the people paying the bill for the next few hundred years.
ThunderBird89
Champion Author Columbus

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Message Posted: Oct 1, 2013 12:40:41 AM

crude may drop.... gasoline at the pump... not so much.
Garyallman
Champion Author Honolulu

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Message Posted: Oct 1, 2013 12:40:37 AM

Yeah! I'm not gonna buy gasoline for a month because of the democrats, and the republicans, both parties can kiss my a€€! I have been planning for this, lets make both parties hurt real bad!
TFzoom
Champion Author Chicago

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Message Posted: Oct 1, 2013 12:40:05 AM

MY ignorance, somewhat understands the principles, BUT WHY do we price on "expectations" that may or may NOT be borne out; especially when the higher prices are a self fulfilling drag on our economy?
Matt G
Champion Author Boston

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Message Posted: Oct 1, 2013 12:39:43 AM

Ok
mix76hawaiian
Sophomore Author Fresno

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Message Posted: Oct 1, 2013 12:38:42 AM

for real!
GAS1251
Champion Author Texas

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Message Posted: Oct 1, 2013 12:37:48 AM

There's the good side.
rippinusoff
Champion Author Lexington

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Message Posted: Oct 1, 2013 12:36:27 AM

Ok
speedraider
Champion Author Orlando

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Message Posted: Oct 1, 2013 12:35:57 AM

let it drop
Fitwit
Champion Author Stockton

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Message Posted: Oct 1, 2013 12:35:17 AM

Shut them down tell the politicians to go home and try living on Social Security and Obama care for themselves.
mfeldstein
Champion Author Ottawa

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Message Posted: Oct 1, 2013 12:33:33 AM

The silver lining.
fastfreddy38
Champion Author Ontario

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Message Posted: Oct 1, 2013 12:32:21 AM

More excuses.
JasTheAce
Champion Author Raleigh

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Message Posted: Oct 1, 2013 12:31:51 AM

Good
Primepower
All-Star Author Washington

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Message Posted: Oct 1, 2013 12:31:22 AM

k
crreed1
Champion Author West Virginia

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Message Posted: Oct 1, 2013 12:30:53 AM

old news
Badjef
Champion Author Florida

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Message Posted: Oct 1, 2013 12:30:05 AM

Shut 'em down, boys!
sprocketsplines
Champion Author Washington

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Message Posted: Oct 1, 2013 12:29:43 AM

It is truly unfortunate that the members of the U.S. Congress cannot get their act together and co-operate in moving forward for the common good of the country.
10k
Champion Author North Carolina

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Message Posted: Oct 1, 2013 12:28:44 AM

rosyLI:

i concur-may they remain shut down..then all the deadbeaters living off the gov't will be forced to do something they never have: work for a living..
AC-302
Champion Author Los Angeles

Posts:32,173
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Message Posted: Oct 1, 2013 12:27:46 AM

Why a drop in price over the gov't shutdown? I should have thought it would have gone up for "spooking" the stock market?
GSKHY
Champion Author Montreal

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Message Posted: Oct 1, 2013 12:27:44 AM

POTENTIAL IS THEYORICAL ONLY
crashintuc34
Champion Author Tucson

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Message Posted: Oct 1, 2013 12:27:15 AM

Let the government shut down completely, then maybe gas will drop back to where it should be.
nurdco
Champion Author Colorado Springs

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Message Posted: Oct 1, 2013 12:27:01 AM

ZZZ...zzz
Ltdc
Champion Author Long Island

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Message Posted: Oct 1, 2013 12:26:24 AM

I think we've moved passed "potential."
heartbroken2010
Champion Author Ottawa

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Message Posted: Oct 1, 2013 12:25:36 AM

ok.
teamsimons
Champion Author South Carolina

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Message Posted: Oct 1, 2013 12:25:26 AM

We're surprised that gas prices aren't going up as a result of the threat.
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