Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

$96.80 a barrel oil...do I hear $100?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:29 AM
Original message
$96.80 a barrel oil...do I hear $100?
Soon....
Printer Friendly | Permalink |  | Top
 
NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:31 AM
Response to Original message
1. we'll see that within a week
what's gas at for you?

We have been flirting with the $3 mark and we finally lep it in grand fashion yesterday.
Printer Friendly | Permalink |  | Top
 
n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:39 AM
Response to Reply #1
3. $3.00 or so in Savannah, GA
I think we will see $3.50 pretty soon if this keeps up. The refiners will not keep cutting their margins as crude keeps going up.
Printer Friendly | Permalink |  | Top
 
Kermitt Gribble Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 11:12 AM
Response to Reply #1
7. $2.93 to $3.03 for regular unleaded here.
It's been creeping up steadily from around $2.65-$2.75 for the past few weeks.
Printer Friendly | Permalink |  | Top
 
truebrit71 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:32 AM
Response to Original message
2. By the end of this week....it'll be mid 100's by summer next year..
...
Printer Friendly | Permalink |  | Top
 
Squatch Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:43 AM
Response to Original message
4. Why are prices, at least in my neck of the woods, not increasing?
gas has been hovering around 2.79 a gallon for the longest time.
Printer Friendly | Permalink |  | Top
 
Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 10:47 AM
Response to Reply #4
5. Fasten your seatbelt. n/t
Printer Friendly | Permalink |  | Top
 
ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 11:06 AM
Response to Original message
6. a VAST amount of the increase in the price of oil is due to weakness
in the dollar. I am not a mathematician but have read that as much as 45% of the increase is due to the falling dollar. And that seems to have been confirmed whilst in the UK this week. Since my last trip, the price of a barrel of oil has increased from $70+ per barrel to now over $95+ per barrel and yet the price of petrol here has moved almost none.

sP
Printer Friendly | Permalink |  | Top
 
kysrsoze Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 11:24 AM
Response to Reply #6
9. That and speculators trying to push the "bullish" market over the "psychological barrier"
I kid you not - this was in the mainstream news this morning. I think it's about 50-50 here. A LOT of greedy people stand to benefit from $100/barrel prices. Of course, it's likely the only thing which will encourage conservation and alternative energy sources - a nice punch right in the pocketbook.
Printer Friendly | Permalink |  | Top
 
n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:33 PM
Response to Reply #6
10. yep- Gold over 800, Canadian Loonie at 1.08....
Seems like a "controlled panic". One of these days we may see a full out panic as governments drop their dollars all at once. I think many are doing so as fast as they think they can get away with it.
Printer Friendly | Permalink |  | Top
 
ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:40 PM
Response to Reply #10
13. well, the good news is they really can't 'drop' dollars...
that would really hurt...but they sure as hell can stop buying them...

sP
Printer Friendly | Permalink |  | Top
 
Kermitt Gribble Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 11:14 AM
Response to Original message
8. Glad I have a good bicycle to ride!
Printer Friendly | Permalink |  | Top
 
Sabriel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:35 PM
Response to Original message
11. I'm more concerned about diesel prices
I can control my gas consumption to some extent, but I have to eat. And food prices are up noticeably lately. I don't know how fixed income and low income people will make it through the winter. Very scary.
Printer Friendly | Permalink |  | Top
 
Marrah_G Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:47 PM
Response to Reply #11
16. add in rising heat costs and we aren't going to make it through the winter
Printer Friendly | Permalink |  | Top
 
B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:38 PM
Response to Original message
12. In the good old days Saddam Hussein use to flood the oil market with cheap oil
hmmm....
Printer Friendly | Permalink |  | Top
 
movie_girl99 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:44 PM
Response to Original message
14. gas went up 19 cents in 2 days
I got gas at Costco in a Dallas suburb on Friday for 1.63. My husband went on Sunday and it was 1.82. Frickin' ridiculous.
Printer Friendly | Permalink |  | Top
 
Marrah_G Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:45 PM
Response to Original message
15. The rising prices are going to break me
Over 300 dollars for 100 gallons of heating oil now. Not sure how I will get through the winter. I can't save enough to switch to another form of heat so I am stuck.

The whole thing sucks.

Rises in gas, oil heat and food prices are suffocating the working/lower class.
Printer Friendly | Permalink |  | Top
 
bullwinkle428 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-06-07 12:54 PM
Response to Original message
17. I've been running numbers to determine how expensive gas
has to get, where it will then make sense to dump my current (paid-for) car for something with significantly improved fuel economy. In my case, there are only two (new) cars that fall into that category at the present time - Prius and Civic Hybrid. Based on the number of miles I drive each for my commute, it will probably have to pass $6 per gallon. I'm just hoping the price doesn't shoot up too quickly, and the cars available a year or two from now will offer even better mileage...
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Dec 18th 2017, 08:02 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC