FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Oil hits record near $81
| Quote From Source: | NEW YORK (Reuters) - Oil soared to a record near $81 a barrel on Monday on worries that global energy supplies could shrink to critical levels this winter heating season due to strong demand growth.
Expectations that the U.S. Federal Reserve will agree to cut interest rates when it meets on Tuesday also supported oil and other commodities markets, raising the likelihood the economy will weather a U.S. credit crisis.
U.S. crude soared $1.78, or more than 2 percent, to a record $80.88 a barrel in electronic trade after having settled at $80.57 during the regular session. London Brent rose 76 cents to $76.98 a barrel.
| | Click source url to view entire story. |
Source Yahoo news
Source URL:
Expectations that the U.S. Federal Reserve will agree to cut interest rates when it meets on Tuesday also supported oil and other commodities markets, raising the likelihood the economy will weather a U.S. credit crisis.
U.S. crude soared $1.78, or more than 2 percent, to a record $80.88 a barrel in electronic trade after having settled at $80.57 during the regular session. London Brent rose 76 cents to $76.98 a barrel.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
Indy
Super Administrator
Posts: 4190
Registered: 6/24/2004
Member Is Offline
Points: 80690
Mood: Resident Skeptic
|
Oil closed today over $83 per barrel.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Yup, jumped over $84 and settled at $83.32....we are heading to $100 dollars per barrel much faster than I would have thought. This is not good. I bet we hit $100 a barrel by mid to late 2008.
http://www.ft.com/cms/s/0/ce...-11dc-9443-0000779fd2ac.html
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
DanG
Administrator
Posts: 5522
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 115011
Mood: Stunned Amazement
|
like I said earlier - havta re-watch Day after Tomorrow *and* Mad Max  |
|
|
FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Yeah, Road Warrior is an all time Fav movie....I wonder if they knew how accurate that movie will be in the future.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
DanG
Administrator
Posts: 5522
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 115011
Mood: Stunned Amazement
|
ok - quick poll - which would you prefer ?
Day After Tomorrow
Road Warrior
WaterWorld
since I'm on the Gulf coast - I'll go with DAT
 |
|
|
FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Day After Tomorrow would be my top.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Odd..
So a sub tropical storm is what raised oil prices so high???????
WTF would a hurricane do? Geez....
http://www.allheadlinenews.com/articles/7008591973
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
Indy
Super Administrator
Posts: 4190
Registered: 6/24/2004
Member Is Offline
Points: 80690
Mood: Resident Skeptic
|
This is what happens when speculators get involved. If we could kick speculators out of the commodities market things will be much better. They provide absolutely no value. All they provide is volatility.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
![[*]](/images/corporate/default_icon.gif){kind=icon}
posted on 9/17/2007 at 17:17
