DanG
Administrator
Posts: 4755
Registered: 6/30/2004
Location: Porch Harlot, FL
Member Is Offline
Points: 98311
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. |
news.bbc.co.uk
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
Posts: 695
Registered: 11/7/2007
Location: Durango, CO
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Points: 13020
Mood: always tired
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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
Super Administrator
Posts: 3414
Registered: 6/24/2004
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Points: 64940
Mood: Resident Skeptic
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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.
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posted on 5/16/2008 at 09:44
