Oil Hits New Records on Supply Worries
ap.google.com
 NEW YORK (AP) — Oil futures rose to a new trading high above $84 a barrel on Friday — and settled at a new record — on concerns that
supplies are not adequate to meet fourth-quarter demand.
Recent reports have indicated that crude inventories are falling. (visit the link for the full news article)
[edit on 14-10-2007 by anhinga]
[edit on 14-10-2007 by UM_Gazz]
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Another nail in the US coffin? At almost $85 a barrel, I really
think "peak oil" is the truth and car-owners are in for a
rude awakening when it gets worse. How much worse?
Try 200$ a barrel at 7-8$ a gallon could happen sooner then. . . .
ap.google.com
(visit the link for the full news article)
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Given recent surges in the price of crude, it will be very interesting to see where it heads coming into Northern Hemisphere winter....I hope the US
and Europe have good inventories of heating oil and so on...
Otherwise, there might be a whole lot of not so well off people getting very cold as winter progresses and prices surge...
Not a nice situation, thank goodness winters are rather mild where I'm at...
Peace
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Rilence,
I am located in the NE of the US, the cold weather seemed to start this
week, even into the 30/40s at night so far. I think that every winter,
when stock prices dip and energies go skyrocketing will happen again
this winter. The question is how bad will it get how soon ?
Any thoughts/links or research, please post. . .
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It will goes over $100, and the US$ keep on dropping. INFLATION.
Now, everybody is paying the price of the war created by American.
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I think that part of the price increase is realated to the dropping value of the dollar, but that doesn't account for the price changing from $30 to
$80 in less than 5 years. Perhaps the value of oil has been undervalued for a long time. Or, perhaps the market is beginning to adjust for the obvious
signs that supply can't keep up with demand.
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Its called "Hyperinflation". Webster Tarpley talks all about this. This has been the design, to build all these bs SUVz flood America with gas
guzzlers, credi cards ,then hit the switch ,boom 85 dollars a barrel. Its the "me ,me, me first!" "its my world you cant live here"scum ego
maniacs of the NWOz master plan. Being Mind Controlled by the TV and radio, as well as everyone with there head up there you know what, and
Indifference has its penaltys. I wonder if the price of guns is going up?I want a full tank of them.America is in deep schmoo. So we will sit here and
watch this board till the power goes out, then what? "Shall we stand here idle?"PH
DWT
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reply to post by lanhud
Not everybody. The elite are banking in on this. It's part of the master plan.
Read and weep:
$200 Dollar a Barrel Oil Is Bilderberg Plan To Destroy Middle Class
Tumpang tanya, kamu dari mana?
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Its largely all the above. Oil stayed in the $30 area for a long time and was therefore undervalued. Then when the idea of oil running out tomorrow
started becoming popular it started going up then we had 9/11 which set off world unstability with the WOT, then Iraq, and now Iran and Turkeys
possible invasion of northern Iraq.
Its just the perfect storm of stuff that has jacked the price up.
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