Oil Prices Reach ____ Today.

AP-Oil Above $96 on Drop in US Supplies

Oil crosses 98 dollars for the first time

Oil Surges Above $99 as Weaker Dollar Spurs Commodity Demand

reply to post by AllSeeingI

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everyone who deals and trades in oil stocks wants a piece of that pie, I checked out that web site on oil trades, and yes its profect, we the consumer should stop saying not in my back yard, and build, build new refineries, we saw what happen in the gulf of mexico, with katrina and three on line oil pipes with no service for almost 15 days, the info is out, no one looks, just listen to the misinformation on the news.

...on the update, for the sneaky end-of-the-year timing:

$94.50 per barrel on the rise:

www.oil-price.net...

Record Week: Oil Hits $115
Despite...
3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation

Another New Oil High: $117.40 A Barrel

europe.theoildrum.com...

You'd think that with these ever rising prices that the oil companies would dramatically increase their production rate. I mean at least one of these countries has got to be self-serving greed pigs. No. Production remains mostly flat. We did see a new peak the first of this year, but prices continue to climb. Basically the flat production can't match the increasing demand. If there were excess oil on the market it would be dropping.

Just bookmark this thread and you can come back next week and add the newest price increase.