[idomar]

$this->bbcode_second_pass_quote('Pretorian', '
')
What are you guys are doing there?

[Eli]

aahala, I think the food/oil relationship is just now becoming clear.

Oil demand because of growing third and second world demand is now inelastic any kind of oil shock is going to see prices skyrocket and demand will still be there.

Demand destruction only comes with all out economic collapse, but even then the equation is oil=food.

At some point we are going to have a shock the odds are just not with us. There is an outside chance we will have a continual slow grind but I wouldn't put my money on it.

[Eli]

I go there because I actually think they have got a good handle on the coming economic collapse. I don't wholly subscribe to the group think there or here.

Is it of any real value, well that is another question. And I am not preaching PO there is no point but I do like to punch holes in their bs and point out facts here and there.

And here on PO we get carried away because there is very little opposing discussion.

[eXpat]

$113. 66 link

Up we go...

[Iaato]

$113.75. All my friends are getting it. They've heard me talk on peak oil, and they've listened politely, and in the past 6 months I've had 4 converts. And three more friends called this week to ask for advice about falling college funds and things. So people know that something is gravely amiss, and those who have heard about peak oil are now coming back for seconds on the story.

[KevO]

$this->bbcode_second_pass_quote('Iaato', '$')113.75. All my friends are getting it. They've heard me talk on peak oil, and they've listened politely, and in the past 6 months I've had 4 converts.

[Gandalf_the_White]

You are watching history in the making folks. This summer can we expect the official global conclave to elect a peak oil czar? Official statements from Russia would be agreat opportunity fo SA to come clean as well. We have to deal with it eventually. Let's see if the candidates pick up on it. It could be a good time for New New Deal.

I guess the question of interest is what now? What if we get the official acknowledgements, what happens then? Oil rises to $120 before Memorial Day, but what else?

[Gandalf_the_White]

There ya go mates! If you move to Alberta and start running a still you have plenty of fuel.

The Late Great Modern World is about to experience an acute problem of global proportions.

[eXpat]

Oil prices jump to new high near $114

$this->bbcode_second_pass_quote('', 'O')il prices jump to new high near $114

NEW YORK - Oil prices rose to new heights Tuesday, surging to almost $114 a barrel after the dollar fell and concerns mounted about global supplies. U.S. retail gasoline and diesel prices also struck new highs.
...
Light, sweet crude for May delivery rose as high as $113.93 a barrel on the New York Mercantile Exchange before backing off to $113.57, up $1.81 from Monday’s record settlement price of $111.76 a barrel.

Meanwhile, retail gasoline prices rose to a new average national record of $3.386, according to AAA and the Oil Price Information Service. Prices were highest in California, where mid-range and higher grades are now averaging more than $4 a gallon.

Diesel prices at the pump jumped to $4.119, also a record, setting the stage for higher prices on food and other goods transported by truck, ship and rail.

[Jack]

$this->bbcode_second_pass_quote('Gandalf_the_White', '
')I guess the question of interest is what now? What if we get the official acknowledgments, what happens then? Oil rises to $120 before Memorial Day, but what else?

[joewp]

It hit $113.99 just before the close and backed off some, but it's staying real close to $114 in the afternoon electronic session, at $113.89 right now.

Tomorrow's inventory report should be verryy interesting.

[idomar]

just pinged $114.05

[Armageddon]

$this->bbcode_second_pass_quote('KevO', '')$this->bbcode_second_pass_quote('Iaato', '$')113.75. All my friends are getting it. They've heard me talk on peak oil, and they've listened politely, and in the past 6 months I've had 4 converts.

[bonehead]

What blows me away is the fact that as an individual speculator you can make just as much money when the market's going down as well as up.The decline in the dollar has everything to do with it.There's going to be a lot of politicians losing their jobs if they can't get the dollar to rebound.

[Leanan]

Triple Yergin Day!

[emersonbiggins]

$this->bbcode_second_pass_quote('Leanan', 'T')riple Yergin Day!

[mgibbons19]

$this->bbcode_second_pass_quote('Armageddon', '[')...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL

[Valdemar]

$this->bbcode_second_pass_quote('bonehead', 'W')hat blows me away is the fact that as an individual speculator you can make just as much money when the market's going down as well as up.The decline in the dollar has everything to do with it.There's going to be a lot of politicians losing their jobs if they can't get the dollar to rebound.

[Armageddon]

$this->bbcode_second_pass_quote('mgibbons19', '')$this->bbcode_second_pass_quote('Armageddon', '[')...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL

[Daculling]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('mgibbons19', '')$this->bbcode_second_pass_quote('Armageddon', '[')...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL