the price of brent crude jumps to above $305/barrel a 9 month high

Aoxomoxoa said:
God, you had me really worried when I read $305 per barrel in the post title!
Click to expand...

LOL Thank god spring is almost here! Time to get the bike out. Though around here we hardly had a winter, I don't think I ever had to put my bike away. I'm actually taking it in for a once-over this week. It's really nice enough right now. And I'm afraid that typo is going to be reality soon enough. Maybe not 305, but it's going to get pretty bad.
 
Darla said:
LOL Thank god spring is almost here! Time to get the bike out. Though around here we hardly had a winter, I don't think I ever had to put my bike away. I'm actually taking it in for a once-over this week. It's really nice enough right now. And I'm afraid that typo is going to be reality soon enough. Maybe not 305, but it's going to get pretty bad.
Click to expand...

i hope it just remains a scary mistake

maybe our 'friends' the saudis will help out and increase their production...sure they will
 
The price increases make no sense whatsoever. There's no reason for it other than speculation. US gasoline consumption has been declining (we are actually a net exporter of refined petroleum products these days), even as the economy has been improving. The European economy is shrinking. The Japanese economy is shrinking and Chinese growth has slowed.
 
General Buck Turgidson said:
The price increases make no sense whatsoever. There's no reason for it other than speculation. US gasoline consumption has been declining (we are actually a net exporter of refined petroleum products these days), even as the economy has been improving. The European economy is shrinking. The Japanese economy is shrinking and Chinese growth has slowed.
Click to expand...

Yeah, no sense... I mean there are no tensions in the middle east that may potentially disrupt supply from a major oil producer or anything. so yes, it is speculation on what 'might' happen with Iran.

We have been sitting at this level for a while and it is projected that we will average about $100/brl for 2012. The odds of it passing $125 are estimated by the EIA at 25%.
 
General Buck Turgidson said:
The price increases make no sense whatsoever. There's no reason for it other than speculation. US gasoline consumption has been declining (we are actually a net exporter of refined petroleum products these days), even as the economy has been improving. The European economy is shrinking. The Japanese economy is shrinking and Chinese growth has slowed.
Click to expand...
This is why you flip burgers. The price is way too low. World demand is up and we fought to wars to keep in down at 100. The wars are ending. Hold your wallet 200 is coming.
 
You must log in or register to reply here.
Back
Top