reply to post by AllSeeingI
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.
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...on the update, for the sneaky end-of-the-year timing:
$94.50 per barrel on the rise:
www.oil-price.net...
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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.
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Nymex Crude Future 95.54
Dated Brent Spot 89.32
WTI Cushing Spot 101.18
bet i still get ripped off at the pump tomorrow. here in australia petrols come down about 15c a litre since oil was 147 a barrel. what a joke
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