FatalWishes
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Oil Hits $97 on Bombs, Demand Prediction
| Quote From Source: | NEW YORK (AP) -- Oil futures jumped to a new record of $97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks.
Those concerns were further fed by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises.
Oil was already up before news of the blasts in northern Afghanistan that killed 64 people and the attack in Yemen. Severe weather forecasts for the North Sea, expectations that domestic crude supplies fell last week and the weak dollar all contributed to the latest move upward.
| | Click source url to view entire story. |
Source Biz.Yahoo
Source URL:
http://biz.yahoo.com/ap/071106/oil_prices.html?.v=19
This planet needs to reboot.
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 |
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Indy
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I don't know if the planet does but peoples brains do for sure.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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MattN
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Long term, this 8B barrel find will help for sure: http://www.foxnews.com/story/0,2933,309869,00.html |
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DanG
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help who? the U.S. has pissed off most of the planet. |
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Charlemagne
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Nah, we just need to install a puppet government in Venezuela.
Oooh, so Mother Nature needs a favor?! Well maybe she should have thought of that when she was besetting us with droughts and floods and poison monkeys! Nature started the fight for survival, and now she wants to quit because she's losing. Well I say, hard cheese. -- Mr. Burns |
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MattN
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By the time they get to that oil, it is my sincere hope Bush/Cheney ver2.0 will not only be out of office, but perhaps on the way to jail, and someone who doesn't act like a drunken Yosimite Sam with a bad nic-fit will be in office..... |
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DanG
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RP08 |
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chrisisasavage
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Oil at $98 a barrell again
http://www.breitbart.com/art...D8T1JMG80&show_article=1 |
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chrisisasavage
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$99 a barrel. $100, here we come.
http://www.bloomberg.com/app...=a_0q4JFsHeks&refer=home |
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DanG
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DanG has attached this image:
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Indy
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I think oil hits $100 for the first time ever today.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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Oil is up, dollar is down
neocon world goes round n round
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Indy
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The Dow is down about 100 points pretty much at the opening bell.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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DanG
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down 150 now, doesn't really matter - its all smoke and mirrors anywhere.
Great Depression II is on the way... got Cash ? |
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Indy
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Cash? Be specific. Got Euros? 
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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chrisisasavage
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No Euros, just good old Monopol... I mean greenbacks. Clearly the only way to fix this problem is another war. |
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Indy
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Dow took another beating today. Down over 200 points.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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chrisisasavage
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Oil drops below $95:
http://ap.google.com/article...Sm7KY5jf-lCJGHBB-tAD8T653HO3 |
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Indy
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This is a temporary hiccup. It is based on the hopes that OPEC will boost production. Have no fear. I am sure a report will surface shortly citing lower than expected inventories and/or higher prices expected due to a possible cold winter for the U.S. Something will come up that will offset this good news for consumers. It always does.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
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posted on 11/6/2007 at 11:50
