[whereagles]

$this->bbcode_second_pass_quote('joewp', '')$this->bbcode_second_pass_quote('funzone36', 'W')hen it hits $110/barrel, hopefully enough Americans will be awake and stop dream-walking into the future.

[Zardoz]

It's just a bubble. It's just a bubble. It's just a bubble...

[TheDude]

How's the site traffic?

All those confused drivers out there, damn oil corporations ripping us off! Of course they seemed to inexplicably stop doing so for a while...

[frankthetank]

Local news had a guy on saying "speculators" are driving up the cost of oil. Then the next story was about housing and how its so bad locally. The housing guy said that oil prices are the cause behind the housing slump.

I just smile away.

It will be interesting once hurricanes start forming this summer. I really want to see what happens when a big cat 5 enters the gulf. This season sounds like it should be pretty active.

[shortonoil]

whereagles said:

$this->bbcode_second_pass_quote('', 'w')hat are you talking about? $120 is peanuts.

[Atlantean_Relic]

$this->bbcode_second_pass_quote('shortonoil', '[')b]whereagles said:

$this->bbcode_second_pass_quote('', 'w')hat are you talking about? $120 is peanuts.

[shortonoil]

Atlantean_Relic said:

$this->bbcode_second_pass_quote('', 'B')ut the markets had there largest one day rise in 5 years all thanks to the help of the banks.

[ChefBoyardee]

Regardless of how stoic I pretend to appear I at times have to prevent myself from having the "I told you so.." mentality. Every time oil was rising in price I secretly felt vindicated. Now, however, it's time to put all that crap I've been trying to suppress to rest. The last few days have been very worrying. Spike of $109.72 is very troubling to say the least.

A Chef Boyardee who feels the news sinking in...

[Pholostan]

$this->bbcode_second_pass_quote('whereagles', '$')200 ain't big enough for you?

[Heineken]

$this->bbcode_second_pass_quote('Quicksilver', 'D')o we need to create a new thread every time oil hits a new high?

That's why we have this thread

another record

[Zardoz]

Tapis spot price now $111.15.

[joewp]

$this->bbcode_second_pass_quote('joeltrout', '
')
"Investing in crude futures by those not involved in the oil business has more than doubled since February of 2006, when crude oil traded as low as $58 a barrel, according to data from the Commodities Futures Trading Commission, the agency that oversees futures trading."

Quoted from CNN Money

joeltrout

[yesplease]

$this->bbcode_second_pass_quote('joewp', 'S')o don't blame speculators, blame geology.

[joewp]

$this->bbcode_second_pass_quote('yesplease', '')$this->bbcode_second_pass_quote('joewp', 'S')o don't blame speculators, blame geology.

[tecumseh]

$this->bbcode_second_pass_quote('Gazzatrone', '')$this->bbcode_second_pass_quote('bonehead', 'C')an't wait for my
I hate to say this as it does sound tired. But at $4 I can't see what you are complaining about. Try paying $8 as we do in the U.K

"Is this country in trouble"

Like I said start paying $8. Honestly! You don't know what trouble is.

[whereagles]

$this->bbcode_second_pass_quote('Pholostan', 'W')hat "really expensive" is more exactly, I guess to be around $400.

[whereagles]

I feel the pain and I'm only doing 100 miles a week on a 35 mpg vehicle.

This is what $8 a gallon feels like (current price around here in Europe).

[lowem]

Well whaddayaknow. Somebody or something just knocked down the crude oil price a notch. Just saw it drop from $109.04 to $107.24.

Anyone have any real-time news on what's up?

[lowem]

Spotted this one :

Oil prices are falling after a government report that the nation's crude oil inventories rose much more than expected last week. The Energy Department said crude oil supplies jumped by 6.2 million barrels last week. That's more than three times the 1.6 million barrel increase analysts expected.

[kilik]

Gasoline inventories highest in 14 years now. Looks like the higher prices finally reduces US consumption.