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Old 10-02-2008, 10:03 PM   #21
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Iowa corn has also dropped pretty hard lately. Two weeks ago we were looking at around $5.30. Todays close was $4.12.
http://www.ams.usda.gov/mnreports/nw_gr110.txt
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Old 10-02-2008, 10:09 PM   #22
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Hmmm...I'm going back to the shore tomorrow. Have to see if my biodiesel station has dropped it's price. Biodiesel is soybean, not corn, but maybe the it will be dropping too. The price wasn't going down at last check because food prices were going up even as oil prices were dropping.
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Old 10-02-2008, 10:19 PM   #23
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Iowa corn has also dropped pretty hard lately. Two weeks ago we were looking at around $5.30. Todays close was $4.12.
http://www.ams.usda.gov/mnreports/nw_gr110.txt
Good. Maybe the price of chicken will go back down. The bag of chicken jerky I buy my dogs went from 8.99 to 15.99 over the last 18 months. And the Costco roast chicken went from 4.99 to 6.75 in the same time period.
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Old 10-02-2008, 10:28 PM   #24
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Yeah, but the peperoni pizzas are still just $9.95. Best deal around.
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Old 10-02-2008, 10:32 PM   #25
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Sams Club double cheese pizza: $6.50

Giant bag of sliced pepperoni (I'm guessing at least 2lbs): 4.50

Enough for at least 5 pizzas.

Or you can simmer it with tomato sauce and serve it up on a roll.
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Old 10-03-2008, 03:26 AM   #26
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Sams Club double cheese pizza: $6.50

Giant bag of sliced pepperoni (I'm guessing at least 2lbs): 4.50

Enough for at least 5 pizzas.

Or you can simmer it with tomato sauce and serve it up on a roll.

You are right. I bought some pizza dough mix (cheap), some mixed Italian Cheeses (shredded) and some pepperoni and made a pizza. Mixed the dough, spread some spaghetti sauce on it (worked well), pepperoni and the cheese. It took about 20 minutes to prep (not including cook time). It was quite tasty... better that the frozen pizzas.

I did not pay attention to the overall cost, but I suspect it was about 1/3 the cost of frozen pizza.
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Old 10-03-2008, 09:10 AM   #27
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And wrapping it back up to the original topic, you can get a lot of oil out of pepperoni!

I like cooking the pizza and the pep separately, just put the pepperoni on a sheet pan in the oven. Then you can blot 90% of the oil off and it wont make your pizza gooey.

I wonder if a biodiesel car will run on pepperoni oil..?
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Old 10-03-2008, 10:35 AM   #28
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And wrapping it back up to the original topic, you can get a lot of oil out of pepperoni!

I like cooking the pizza and the pep separately, just put the pepperoni on a sheet pan in the oven. Then you can blot 90% of the oil off and it wont make your pizza gooey.

I wonder if a biodiesel car will run on pepperoni oil..?
I save my bacon grease and make homemade soap out of it.
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Old 10-10-2008, 01:14 PM   #29
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Old 10-10-2008, 01:15 PM   #30
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Come on Ziggy, turn the tide again, but this time use your mojo on the stock crash!
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Old 10-10-2008, 01:17 PM   #31
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Leave for work Wednesday: $3.29 a gallon. Come home: $3.19. Leave for work Thursday: $3.09. Come home: $2.99. Leave for work Friday: $2.69

Forget dropping like a rock... a rock won't drop faster once it reaches terminal velocity.
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Old 10-10-2008, 01:36 PM   #32
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I was going to throw that out there, but I didnt want to make Zig feel even more depressed.

Now wasnt there someone around here who said oil would be under $80 a barrel pretty soon?

Unfortunately gas prices arent moving that fast around here. 3.41 for regular and 3.61 for premium.
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Old 10-10-2008, 01:39 PM   #33
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Now wasnt there someone around here who said oil would be under $80 a barrel pretty soon?
Geeze. You're starting to sound just like those "I-told-you-so" Gloom & Doomers buzzing around the forum...
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Old 10-10-2008, 01:42 PM   #34
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Oh come now. They're quite quiet most of the time when we arent experiencing a market downturn.

I'm not.
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Old 10-10-2008, 01:43 PM   #35
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I was going to throw that out there, but I didnt want to make Zig feel even more depressed.
Actually, it's about time for me to liquidate my position. The markets can't afford any more plummeting oil.
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Old 10-10-2008, 01:44 PM   #36
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Oh come now. They're quite quiet most of the time when we arent experiencing a market downturn.

I'm not.
Yeah, and you aren't gloating about people facing financial ruin like they are...
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Old 10-10-2008, 01:53 PM   #37
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No, but I do find it to be a highly redeeming feature that demonstrates a strong character and good values.
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Old 10-10-2008, 02:03 PM   #38
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I heard Donald Trump say just the other day that oil prices will drop like a rock, in the $20 range. Boone Pickens just yesterday said OPEC will cut supply enough to hold oil close to $100. But who knows? Pickens has been wrong before. The below from bloggingstocks.com
The producing countries are desperate for dollars. A <$50 price will just about put Iran and Venezuela under. They are propping up their power base with easy petro dollars. They can't stop pumping.

Only the Saudis have the reserves (in dollars and crude) to cut back. How much do they want to help out Iran? I don't think they want to prop them up by eating the reduction all by themselves. They actually have a vested interest in letting them implode.

I'd just as see Boone Pickens eat sh*t and d*e.
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Old 10-10-2008, 02:05 PM   #39
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Hey. It's 3 pm in NY. That's when the big drops have started. The S&P is only down 53. How low will she go?
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Old 10-10-2008, 02:54 PM   #40
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Cheap oil: the stock selloff's silver lining - Oct. 10, 2008

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In a new report Friday, Deutsche Bank uses a number of interesting yard sticks to suggest crude is currently way too expensive and may fall to the $60 a barrel range as the economy worsens.
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Beutel sees a 2009 low of around $50 or $60 a barrel, then even lower prices in 2010.

"I'm not going to rule out some extraordinarily low numbers, even $20 a barrel," he said, acknowledging that five months ago many respectable analysts though we'd never go below $100. "Whatever the market does, it's going to make us all look like fools."
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