Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 next last
To: bjs1779
You are so right about price gains with Rhodium. I should have made a purchase at $250 an oz but was having trouble finding a market maker.

The future belongs to Ruthenium because of artificial photosynthesis.

41 posted on 02/28/2008 8:24:02 PM PST by Bogie
[ Post Reply | Private Reply | To 38 | View Replies]

To: utherdoul
so what do we get on our "saved money"?....the cd rates have fallen preposterously and yet today on the news scroll it said that mortgage rates have inched up to well over 6%

the bankers are giving it to us from both ends......

what else to do with our Money?

42 posted on 02/28/2008 8:28:21 PM PST by cherry
[ Post Reply | Private Reply | To 4 | View Replies]

To: kinoxi
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.

I am not sure that I am going to disagree with you, but our economic policy and national debt is not to be blamed on everyone else.

43 posted on 02/28/2008 8:29:56 PM PST by bjs1779
[ Post Reply | Private Reply | To 40 | View Replies]

To: cherry
"what else to do with our Money?"

You can simply give it all to me. Sure it may be worth less, but having more of it is STILL a good thing. We should all stock up on Monopoly money. Some day there may be a parity between it and the US Dollar. lol

44 posted on 02/28/2008 8:31:27 PM PST by KoRn (CTHULHU '08 - I won't settle for a lesser evil any longer!)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Bogie
I should have made a purchase at $250 an oz

"I should have" is a bad thought. There is still plenty of opportunities out there.

45 posted on 02/28/2008 8:34:27 PM PST by bjs1779
[ Post Reply | Private Reply | To 41 | View Replies]

To: bjs1779
Our national debt is is not the demon it appears to be IMO. The declining Dollar is not necessarily bad either. It sounds bad yes, but countries like Japan and China keep their currencies artificially deflated due to it’s obvious inherent benefits.
46 posted on 02/28/2008 8:39:08 PM PST by kinoxi
[ Post Reply | Private Reply | To 43 | View Replies]

To: bjs1779
Yes sir, I noticed that Kitco is now promoting the Rhodium. Though, I'm into other things at this point and, the price is way up there too.

Opportunity is always knocking!

47 posted on 02/28/2008 8:41:36 PM PST by Bogie
[ Post Reply | Private Reply | To 45 | View Replies]

To: kinoxi
Our national debt is is not the demon it appears to be IMO. The declining Dollar is not necessarily bad either.

Good, have fun at the gas pump and the grocery store.

48 posted on 02/28/2008 8:43:26 PM PST by bjs1779
[ Post Reply | Private Reply | To 46 | View Replies]

To: bjs1779
Kitco
49 posted on 02/28/2008 8:43:52 PM PST by Bogie
[ Post Reply | Private Reply | To 45 | View Replies]

To: bjs1779

Strong Dollar means we can’t sell our wares abroad. Good luck with your recession.


50 posted on 02/28/2008 8:45:43 PM PST by kinoxi
[ Post Reply | Private Reply | To 48 | View Replies]

To: Bogie

That’s the spirit!


51 posted on 02/28/2008 8:46:19 PM PST by bjs1779
[ Post Reply | Private Reply | To 47 | View Replies]

To: bjs1779

What would a recession do to the price of oil?


52 posted on 02/28/2008 8:47:46 PM PST by Grunthor (McCain voters believe that it's possible to pick up a turd by the clean end.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kinoxi
Strong Dollar means we can’t sell our wares abroad. Good luck with your recession.

Keep your food glued downed to your table if you like to eat.

53 posted on 02/28/2008 8:50:05 PM PST by bjs1779
[ Post Reply | Private Reply | To 50 | View Replies]

To: bjs1779

It would be nice if an alternative fuel other than methanol was available, or some magic pills you add to water that your engine can run on.

This will have some profound effects in the near future as people are going to go nuts about the higher cost of fuel, figuratively I am not worried, on average I use 25 gallons a week commuting, at a 40 cent increase its only $10 more, so I buy two packs less of cigarettes, or 3 less beers after work per week.


54 posted on 02/28/2008 8:52:08 PM PST by Eye of Unk
[ Post Reply | Private Reply | To 1 | View Replies]

To: bjs1779
Didn’t quite follow that one.
55 posted on 02/28/2008 8:52:29 PM PST by kinoxi
[ Post Reply | Private Reply | To 53 | View Replies]

To: kinoxi

Follow the grain markets and where our produce is going.


56 posted on 02/28/2008 8:55:02 PM PST by bjs1779
[ Post Reply | Private Reply | To 55 | View Replies]

To: Eye of Unk

Buy a sailboat. As an extra you get a free place to live and don’t use much gas.


57 posted on 02/28/2008 8:55:42 PM PST by Bogie
[ Post Reply | Private Reply | To 54 | View Replies]

To: bjs1779

How about we stop pumping 70000 barrels into the ground.

You have to figure at least 10% of that leeches off.

I’m not saying the SPR isn’t important, but sheesh, at some point having a little more doesn’t mean anything. We have 60 days or so of oil...weee...big deal. If we can’t provide oil going forward, people will adjust and the world will change. The point to remember however is that a non-renewable resource is a short term fix. We’ve got enough short term in the SPR.


58 posted on 02/28/2008 8:56:49 PM PST by Malsua
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bogie

I considered that if I was to move to Hawaii. Older boats are cheap I have seen compared to property. But living in Alaska I may just build a methanol still.


59 posted on 02/28/2008 8:58:49 PM PST by Eye of Unk
[ Post Reply | Private Reply | To 57 | View Replies]

To: bjs1779

I don’t like the thought of using our food sources as fuel. It’s ridiculous IMO.


60 posted on 02/28/2008 8:59:35 PM PST by kinoxi
[ Post Reply | Private Reply | To 56 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson