[PeakingAroundtheCorner]

I think you are right, Leanan. IIRC the high mark was indeed $100.09. It's backed off a bit now.

[Valdemar]

Nothing to see here, it's market fear premiums, LOL. S'okay, mistah, you go and buy that 3 litre SUV. Plenty of oil on paper still, and that's all that counts.

[Leanan]

A new record close:

$this->bbcode_second_pass_quote('', 'O')il settles at all-time high of $100.01. OPEC cuts, refinery fire and Exxon's Chavez fight all contribute to runup.

[Dan1195]

I knew there was the refinery outage and the tiff between Chavez and Exxon but I never expected oil get back to $100 today.

[emersonbiggins]

$this->bbcode_second_pass_quote('Dan1195', 'I') knew there was the refinery outage and the tiff between Chavez and Exxon but I never expected oil get back to $100 today.

[thor]

In view of a looming recession, I still hear people saying that the price of oil would drop like a brick for a long time


Yeah right ....

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('Dan1195', 'I') knew there was the refinery outage and the tiff between Chavez and Exxon but I never expected oil get back to $100 today.

[joewp]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '
')And this is only the beginning. I hope you all are ready and I wish you all the best of luck because the previews have ended and the feature presentation of Peak Oil is about to begin - with a fucking vengeance.

[Armageddon]

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '')$this->bbcode_second_pass_quote('Dan1195', 'I') knew there was the refinery outage and the tiff between Chavez and Exxon but I never expected oil get back to $100 today.

[Chuckmak]

$this->bbcode_second_pass_quote('joewp', '')$this->bbcode_second_pass_quote('PeakingAroundtheCorner', '
')And this is only the beginning. I hope you all are ready and I wish you all the best of luck because the previews have ended and the feature presentation of Peak Oil is about to begin - with a fucking vengeance.

[thor]

$this->bbcode_second_pass_quote('joewp', ' ')

[emersonbiggins]

Oil closes above $100 for the first time - $100.01 /bbl, 19 Feb 2008


$this->bbcode_second_pass_quote('', ' ')AP
Oil Jumps Above $100 on Refinery Outage
Tuesday February 19, 3:08 pm ET
By John Wilen, AP Business Writer
Oil Jumps Back Above $100 on a Texas Refinery Outage and Possible OPEC Production Cut

NEW YORK (AP) -- Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.

There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel per day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, and continuing tensions between the U.S. and Venezuela.

Gasoline and heating oil prices appeared to be leading the advance, rising faster in percentage terms than oil due to the explosion Monday at Alon USA's Big Spring, Texas, refinery, which could be shuttered for two months.

"The refinery fire in Texas is making people a little concerned," said Michael Lynch, president of Strategic Energy & Economic Research Inc. in Amherst, Mass.

Light, sweet crude for March delivery rose $4.51 to settle at a record $100.01 a barrel on the New York Mercantile Exchange after earlier rising to $100.10, a new trading record. It was the first time since Jan. 3 that oil had been above $100.
...

[DantesPeak]

Michael Lynch, haven't heard much in the way from him for a while.

I guess if you are consistently wrong about energy prices even the media won't quote you every day - unless you are from CERA. They seem to have some kind of permanent free pass to never have to account for their consistent forecasting failures.

[emersonbiggins]

Speaking of, we're back up over 2.63 Yergins with today's close.

Can you tell the difference between the people below?


Hack



Well-respected industry hack


I can't.

[joeltrout]

Where oil will go as told in 2004.

joeltrout

[emersonbiggins]

$this->bbcode_second_pass_quote('joeltrout', '[')url=http://www.nationalreview.com/nrof_leuffer/leuffer200411300840.asp]Where oil will go[/url] as told in 2004.

joeltrout

[LastViking]

$this->bbcode_second_pass_quote('DantesPeak', 'M')ichael Lynch, haven't heard much in the way from him for a while.

I guess if you are consistently wrong about energy prices even the media won't quote you every day - unless you are from CERA. They seem to have some kind of permanent free pass to never have to account for their consistent forecasting failures.

[emersonbiggins]

$this->bbcode_second_pass_quote('LastViking', 'T')hey only have to be right "more often" than the Peaksters.

[LastViking]

$this->bbcode_second_pass_quote('joeltrout', '[')url=http://www.nationalreview.com/nrof_leuffer/leuffer200411300840.asp]Where oil will go[/url] as told in 2004.

[DantesPeak]

$this->bbcode_second_pass_quote('LastViking', '')$this->bbcode_second_pass_quote('joeltrout', '[')url=http://www.nationalreview.com/nrof_leuffer/leuffer200411300840.asp]Where oil will go[/url] as told in 2004.