Oil blows past record

Canuck_Buck · 07-13-2006, 10:22 AM

Soars above $76 a barrel as inventory decline, Mideast tensions, and pipeline attacks rattle market.[/align][/align]http://money.cnn.com/2006/07/13/markets/oil.reut/index.htm?cnn=yes[/align][/align]SINGAPORE (Reuters) -- Oil surged past record highs and into $76 territory Thursday as worries over lower U.S. crude stocks were underlined by increased tension in the oil-rich Middle East and suspected explosions at a pipeline in OPEC exporter Nigeria.[/align][/align]"There's a pipeline attack in Nigeria, Israel is taking a strong stance and that's adding fuel to the fire, but more than anything it's U.S. gasoline demand holding up and the Iran situation."[/align][/align]4 bucks a gallon coming?[/align]

Kybuckhunter · 07-13-2006, 10:37 AM

Whatever.....same old story different day. Sounds like my wife giving me the reason she doesn't want to have sex tonight. They always have an excuse and you just have to live with it.

Last winter they raised gas price on the prediction of a bad winter storm in the Northeast. They said it would disrupt the distribution. Well the storm never happened but they still got the higher prices from it.

These energy traders push the price up artificially high over every little rumor. It works in their favor. If there's not a crises then the will make one up. Even with all the trouble they claim we still never run out of gas. Go figure.

GGGeorge · 07-13-2006, 11:14 AM

I can't waite for everyone to get unemployed from the high cost of fuel.
It's goanna happen to many amerkans.
Without consumers,no employees needed to do work.It's goanna happen.Watch and see.
Many people are goanna loose their material world from no work to pay for it. Bush is putting us back into deprresion of the days of FDR.Mark my words,amerika is goanna collapse here within a year.

Canuck_Buck · 07-13-2006, 11:17 AM

Quote:

ORIGINAL: GGGeorge

I can't waite for everyone to get unemployed from the high cost of fuel.
It's goanna happen to many amerkans.
Without consumers,no employees needed to do work.It's goanna happen.Watch and see.
Many people are goanna loose their material world from no work to pay for it. Bush is putting us back into deprresion of the days of FDR.Mark my words,amerika is goanna collapse here within a year.

Yo triple G, your positive outlook is encouraging...

...are you Al Qaeda?

GGGeorge · 07-13-2006, 11:29 AM

What you want? Sugar coated. The oil prices are goanna sky rocket,The rich will not be affected by this or lose their properties.
The middle class and the poor should be able to get funding from the government.
The government has set up moreshelters to help the people who have lost their jobs and homes from this unusuall depression,
No one knows the source or what caused it.But,we are looking into it at the expense of what is left from the amerkans tax dollars.
There is no wy to see this as possitive.The worse thing to do,is deny this is goanna happen and not prepare for it.
It's goanna happen if we stay on this course......

Canuck_Buck · 07-13-2006, 11:44 AM

Quote:

ORIGINAL: GGGeorge

What you want? Sugar coated. The oil prices are goanna sky rocket,The rich will not be affected by this or lose their properties.
The middle class and the poor should be able to get funding from the government.
The government has set up moreshelters to help the people who have lost their jobs and homes from this unusuall depression,
No one knows the source or what caused it.But,we are looking into it at the expense of what is left from the amerkans tax dollars.
There is no wy to see this as possitive.The worse thing to do,is deny this is goanna happen and not prepare for it.
It's goanna happen if we stay on this course......

Yo Triple G, only if the sugar is demmarara sugar....

Kybuckhunter · 07-13-2006, 12:28 PM

If your going to complain about America at least learn to spell it.

GGGeorge · 07-13-2006, 01:13 PM

I spelled it with a K for a reason. It is no longer the same America that most of us know her as.I believe many will agree with me on this.It's my choice and everyone elses to spell it how they want to.
Unless there has been an ammendment to the spelling of amerika.But I will still spell it how I choose to.
Nothing personal to you or anyone else if it reads a bit rough.

HuntingEd · 07-13-2006, 01:23 PM

GGG-
First off.... if you've ever done some research into Economics you would learn thata great depression will never happen again... It would take to long for me to explain it... just trust me like you trust your CNN.

Also, once oil gets high enough alternative fuels will be feasible... it will never get as bad as you predict just due to oil... now if they nuke a major US city and take out our financial databases... then we might see some trouble temporarily.

And obviously you dont pay attentention to the news.... US had a record high tax revenue, and much higher than expected GDP growth... Hmmm maybe Bush was smart to give those tax cuts after all...

...besides im prepared for anything... i can live off the landand support my family that way if i needed to. But for now i'll do some short selling and buy some put options

GGGeorge · 07-13-2006, 01:33 PM

You really believe that the price of oil wouldn't put amerika on a major slide?
Inflation will destroy the economy. I expect gas prices to hit close to 5 a gallon. I believe we are in trouble here,Especially if something happens with Iran. Gas just hit 3.10 a gallon average within an hr. I am goanna fill up the tanks now. Everyone should do this now.