Post by
moneywinner1 on Dec 20, 2021 10:18am
Oil down to $67/bb, that is just beginning down turn
Gas will come down as well to $2-$2.20 that is where has to be to stop inflation growing,
we all know or should know that oil and gas are inflation creators
Comment by
FiddyFiddyOddz on Dec 20, 2021 10:42am
Oil dropping like a rock, and Enbridge following suit. But oil prices have nothing to do with Enbridge's share price, right ? RIIIIIIIIGHT.... Money Winner wrote:"Gas will come down as well to $2-$2.20 that is where has to be to stop inflation growing, we all know or should know that oil and gas are inflation creators "
Comment by
Quintessential1 on Dec 20, 2021 2:56pm
Oil still down and Enbridge up right, RIIIIGHT.... LOL Go Enbridge! ;-)
Comment by
FiddyFiddyOddz on Dec 20, 2021 3:18pm
Crude recovered slighty from it's lows, and along with it went Enbridge. Crude was down as low as 66.44, and last i checked it was north of 68 :) Quin wrote:"Oil still down and Enbridge up right, RIIIIGHT.... LOL Go Enbridge! ;-)"
Comment by
Quintessential1 on Dec 20, 2021 3:32pm
Hmmm but oil is still red and Enbridge is green. One is down and the other is up. I don't see the corelation.
Comment by
Quintessential1 on Dec 20, 2021 8:48pm
That's funny! I am looking at Yahoo Finance an it's showing Enbridge going green in the morning around 10ish. Maybe you have this whole thing all backwards and it is Enbridge that is pulling the price of oil up and pushing it down. It is a pipe after all. Go Enbridge! ;-)
Comment by
FiddyFiddyOddz on Dec 20, 2021 8:54pm
Yeah man, who the hell knows, none of it makes sense to me anymore.... Quin wrote:"That's funny! I am looking at Yahoo Finance an it's showing Enbridge going green in the morning around 10ish. Maybe you have this whole thing all backwards and it is Enbridge that is pulling the price of oil up and pushing it down. It is a pipe after all. Go Enbridge! ;-)"
Comment by
ckwong on Dec 20, 2021 10:52am
For sure oil has to come down but sometime gasoline goes up with oil but not following oil's retreat. I say this because CPI does not include oil price but it includes gasoline price. So far so good this time. It is off from the peak of U$2.50 (in October) to current U$2.00. This could could shave CPI a few base point.