DanG
Administrator
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Registered: 6/30/2004
Location: SW FL
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Points: 115011
Mood: Stunned Amazement
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Oil above $127 for the first time
| Quote From Source: | Oil prices have hit a record high above $127 a barrel on speculation that China will need to import more fuel, stretching global supplies.
With more energy needed to rebuild areas devastated by the earthquake earlier this week, US light sweet crude jumped to $127.43 a barrel.
Prices were also supported by Goldman Sachs forecasting that oil would reach $141 a barrel later this year.
| | Click source url to view entire story. |
http://news.bbc.co.uk/2/hi/business/7404856.stm
we will blow by 4 bucks a gallon any day now... expect 4.50 this year...
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got MPG ? |
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MountainManMike
Elite Member
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Location: Durango, CO
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what a load of crock. they r using anything and everything to justify raising oil prices. |
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Indy
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The only way to stop this problem right now is to ban the sale of oil contracts to speculators. Only allow them to be sold to people who can actually use or refine the physical product.
"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 5/16/2008 at 08:44
