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Crude oil price hits new high of $102.59 a barrel
The Times Online ^
| February 29, 2008
| Suzy Jagger
Posted on 02/28/2008 6:13:53 PM PST by bjs1779
click here to read article
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To: bjs1779
Don’t forget silver, platinum and palladium.
21
posted on
02/28/2008 7:16:45 PM PST
by
FightThePower!
(Fight the powers that be!)
To: mysterio
Lets spend even more, borrow even more, and keep cutting interest rates! Its working great! Sure, any FreeRepublic attorney could tell us that!
22
posted on
02/28/2008 7:18:31 PM PST
by
bjs1779
To: Dog Gone
If I don't have any insights into the oil industry after working for them for nearly three decades, I'm not sure how you have better ones. I've forgotten your credentials, so perhaps you could briefly summarize them. I guess we just take your word for your nonsense or lies, is that it?
23
posted on
02/28/2008 7:23:07 PM PST
by
bjs1779
To: bjs1779
"I guess we just take your word for your nonsense or lies, is that it?"
Jackass
To: don'tspeak4me
Jackass Hey, I worked in the oil industry for 4 decades. That beats your jackass goof.
25
posted on
02/28/2008 7:33:34 PM PST
by
bjs1779
To: bjs1779
as I was saying...Jackass
To: bjs1779
Boone Pickens told the Energy Summit here in Houston today that oil may be $150/bbl in the not too distant future.
His $100/bbl prediction from last year, ridiculed by many at the time, has already materialized.
27
posted on
02/28/2008 7:36:30 PM PST
by
Rte66
To: bjs1779
You didn’t refute me. You didn’t even offer an argument.
You just insulted. I guess if you’re drunk I’ll overlook that, but it doesn’t pass as an argument.
28
posted on
02/28/2008 7:36:58 PM PST
by
Dog Gone
To: don'tspeak4me
as I was saying...Jackass That's okay. Stick up for you dopes.
29
posted on
02/28/2008 7:38:16 PM PST
by
bjs1779
To: Dog Gone
I am hard pressed to understand why a fire involving natural gas would affect the price of oil.I was hard-pressed to understand how a refinery explosion at a rather small refinery in West Texas (.4 percent of US output) would cause the price of oil to rise. IMO speculators are driving commodities bonkers.
30
posted on
02/28/2008 7:39:19 PM PST
by
dirtboy
To: Dog Gone
You didnt refute me. You didnt even offer an argument. You just insulted. I guess if youre drunk Ill overlook that, but it doesnt pass as an argument. You haven't entered anything into evidence to refute, other than your delusions. It's all traceable in your posts. Have a nice evening.
31
posted on
02/28/2008 7:43:15 PM PST
by
bjs1779
To: dirtboy
The speculators clearly are running the market.
A refinery shutdown reduces the need to buy crude. You don’t buy it if you can’t use it because your dang refinery is all blowed up.
That puts more crude on the world market looking for a refinery.
Should lower the price of oil.
It hasn’t worked out the way recently, which means that market forces really aren’t totally driving this thing. There are apparently too few traders in this market.
That’s just my guess.
32
posted on
02/28/2008 7:45:36 PM PST
by
Dog Gone
To: bjs1779
Evidence of what?
Go to bed, you coward.
33
posted on
02/28/2008 7:47:25 PM PST
by
Dog Gone
To: dirtboy
I was hard-pressed to understand how a refinery explosion at a rather small refinery in West Texas (.4 percent of US output) would cause the price of oil to rise. IMO speculators are driving commodities bonkers. Not possible. Crude oil doesn't go up at the refineries. Look at the charts. This is gossip stuff.
34
posted on
02/28/2008 7:49:58 PM PST
by
bjs1779
To: Dog Gone
Evidence of what? Go to bed, you coward. I guess everyone can see you don't want to discuss facts. In fact, it looks like you want to get farther away from facts and more to name calling. Is that correct, consoler?
35
posted on
02/28/2008 7:56:23 PM PST
by
bjs1779
To: FightThePower!
The rel story is with ruthinium.
36
posted on
02/28/2008 8:01:29 PM PST
by
Bogie
To: bjs1779
This price is not justifiable. The Dollar’s relative decline isn’t doing it. The supply side fundamentals don’t give cause for it. Speculation. Peoples pockets being drained at the pump isn’t ‘speculative’ of course but there is no other specific reason.
37
posted on
02/28/2008 8:10:24 PM PST
by
kinoxi
To: Bogie
You can find it better under Rhodium : )
38
posted on
02/28/2008 8:13:07 PM PST
by
bjs1779
To: kinoxi
This price is not justifiable. The Dollars relative decline isnt doing it. The supply side fundamentals dont give cause for it. Speculation. Peoples pockets being drained at the pump isnt speculative of course but there is no other specific reason. You may be right, but what is the cost of a barrel of oil in Euros compared to our money?
39
posted on
02/28/2008 8:19:40 PM PST
by
bjs1779
To: bjs1779
Oil, like gold is priced in Dollars so it costs them less due to the temporary valuation differential. Some might say they have a vested interest in things that are contrary to the United States best economic interests.
40
posted on
02/28/2008 8:23:00 PM PST
by
kinoxi
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