|
FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 104381
Mood: Aging Cynic
|
Oil Above $96 on Drop in US Supplies
| Quote From Source: | LONDON (AP) - The price of oil rose to a record above $96 a barrel Thursday after a surprise drop in U.S. crude stockpiles raised concerns about supplies for coming winter demand. Other energy futures also gained.
It was the second week in a row the U.S. Energy Information Administration reported a sharp and unexpected drop in oil inventories.
"The decline in U.S. crude oil inventories has been a key driver of oil prices," said David Moore, commodity strategist at the Commonwealth Bank of Australia in Sydney.
Light, sweet crude for December delivery rose as high as $96.24 a barrel in electronic trading on the New York Mercantile Exchange, before dropping to $95.28 a barrel by afternoon in Europe.
| | Click source url to view entire story. |
Source AP
Source URL:
http://apnews.myway.com/article/20071101/D8SKTTOG2.html
Well it appears it will hit $100.00 a barrel this year. Jeez we need to get away from this mucky substance.
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
|
31.8 mpg today
DanG has attached this image:
|
|
|
Indy
Super Administrator
Posts: 4190
Registered: 6/24/2004
Member Is Offline
Points: 80690
Mood: Resident Skeptic
|
Oh I so have a rant to write up for this. I'll do it later tonight if I have the energy. lol
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
|
|
| Site Stats |
Registered Users: 155
Topics: 4126
Posts: 21003
News Stories: 154908
Satellite Images: 1374546
|
|
![[*]](/images/corporate/default_icon.gif){kind=icon}
posted on 11/1/2007 at 11:00
