Are oil prices gonna drop soon ??

I just read article about Saudi agreeing on producing more oil so are prices can become affordable again. Do u think the prices will drop ? and if yes by how much do u think ?Are oil prices gonna drop soon ??
Not much because the price you are paying is due in large part to your weak dollar, which is due in large part to your government being in massive debt.





So with a weak dollar, you are bound to get less gas for your money, obviously. Barrel prices are pegged to the dollar.





It's like asking if food prices will drop. Not if the loaf of bread you bought with a strong dollar some years ago is now purchased with the weaker dollar you spend now.Are oil prices gonna drop soon ??
Yes.





In the short-term.





Democrats will Ban more drilling to get Oil Prices back up.





Gore is calling for $6.00 a gallon gas by 12/31/08.





The Democrat Party is raking in Millions from the Environmentalists who want Higher Gas Prices.





Always Follow the Money Trail--- it Always leads to the Democrat Party.
Oil prices will drop as soon as the the value of the US dollar goes up prompting investors to start making other invesments instead of commodities.
Not if the President keeps sucking up the extra production to fill the Strategic Petroleum Reserve and Wall Street fat cats keep cornering the oil markets to offset their subprime losses.
Of course but that doesnt mean you can relax about it and consume on the same level, its still a finite resource
Lets be frank here, the prices of oil will not drop in a million years.
yes


about 20%
My guess is no, Not until we get oil of our own and do not have to depend on Arabian or South American oil