WTF: Oil reaches $99.29 a barrel

[malaise]

Oil prices up 61% this year. Thanks George.

[GliderGuider]

1. "George" doesn't have much to do with it.

Thanks to a hundred million Americans for living "la vida suburbia"! Thanks to everyone on Earth who owns a car. Thanks to everyone who uses plastic or paint, or eats imported food. Without your diligent consumption none of this would have been possible...

[malaise]

2. Sorry George's rantings about WWIII etc have fueled the

greed of speculators
Gr.

[Skink]

3. Happy Thanksgiving

[malaise]

4. Enjoy

:hi:

[tjwash]

5. You can go doom and gloom, or silver lining on all of this.

I'll do silver lining.

High gas prices = conservation, and revised vehicle choices. Only the most masochistic among us will still want to spend $100 to fill up.

Hopefully, higher gas prices should help push more people towards more fuel efficient automobiles. High gas prices in Europe have forced this same pattern so I doubt it will be different here when gas hits 5-6 dollars a gallon.

I let someone else go gloom and doom...

[sarcasmo]

6. Oil is a rare commodity and getting more rare by the day.

Look for 125 a barrel by summer, 200 if the A$$hat in chief bombs Iran.

[Hippo_Tron]

7. George has a lot less to do with it than the fact that the developing world is actually developing

Yes, prices go up because we incite conflict with Venezuela and Iran, usually for no good reason, but the real long term rise in prices is because we aren't the only major market for oil anymore.

Also, the price of the dollar is rapidly decreasing.

[dysfunctional press]

8. why just imported food?

american crops use a whole lot of petrochemicals as well.

truth is- everyone currently on the planet probably owes their existence in the first place to the fact that we have a petroleum-based economy.