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Re: Another Oil price Record

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General interest discussions, not necessarily related to depletion.
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Re: Another Record ($118.05)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 08:40:01

$118.05 in overnight trading.

Funny... The other day when the price broke $117 per barrel the media spin went to speculation and a Japanese tanker mishap. My point is, they always have an excuse and sometimes they do indeed hit the mark.

But today, there seems to be no spin with which to accompany the new record of $118.05. No tanker collisions. No pipeline sabotage. No speculation. They're just announcing the new national gas average of $3.51 and the oil price without any spin as to why it still continues to go up.

So, seems the prices spike when there is an actual reason and it seem it spikes when there isn't.
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 08:48:16

$this->bbcode_second_pass_quote('frankthetank', 'I') hear ya. Just like Miami. Seems such an easy target for a hurricane, but its been a long time since a hard hit (even Andrew missed to the south a little).

Read some article on Marketwatch earlier. Author seemed to understand the situation pretty well and sees $150 oil by fall.

http://www.247wallst.com/2008/04/as-opec-hold-pr.html

Read another article on msnbc about the Chinese love of SUV's and large cars. Sales are way up (still small compared to US of A). GM is going to bring the Escalade to their market next year.


Yesterday, CNBS was showing several analyst "adjustments" moving upwards including one who had predicted oil would be $80. He raised his bottom to $100. And more than one had adjusted from ~$100 to $125 this year.

Personally, and considering the exponentially compounding effects of PO none of us expected, I'm sticking with my earlier prediction of ~$200 (anything above $180 bbl) by the end of this year - especially if there is a hurrican strike on infrastructure.
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Re: Another Record ($117.79)

Postby Ferretlover » Tue 22 Apr 2008, 08:51:07

$117.94 @ 6:51 am CT
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 11:13:55

Just jumped on an uphill rail. Heads up! Where's it going? Currently in striking distance of yesterday's close.
Last edited by PeakingAroundtheCorner on Tue 22 Apr 2008, 12:09:53, edited 3 times in total.
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Re: Another Record ($117.79)

Postby eastbay » Tue 22 Apr 2008, 11:22:42

$118.20!
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Re: Another Record ($117.79)

Postby Duende » Tue 22 Apr 2008, 11:28:05

$118.40!

I think we got a gusher!
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 11:28:45

$this->bbcode_second_pass_quote('eastbay', '$')118.20!


$118.34

Edit: One minute later, make that $118.36
Last edited by PeakingAroundtheCorner on Tue 22 Apr 2008, 11:30:12, edited 2 times in total.
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Re: Another Record ($117.79)

Postby lowem » Tue 22 Apr 2008, 11:29:10

[s]$118.34[/s] <- superceded !

$118.43
Last edited by lowem on Tue 22 Apr 2008, 11:31:54, edited 2 times in total.
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Re: Another Record ($117.79)

Postby lowem » Tue 22 Apr 2008, 11:29:57

Hiaks, we're getting like real-time updates on this thread now :lol:
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 11:33:14

$this->bbcode_second_pass_quote('Duende', '$')118.40!

I think we got a gusher!


I didn't see it at $118.40 but if it did, then my last two posts are null and void.
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 11:34:22

$this->bbcode_second_pass_quote('lowem', 'H')iaks, we're getting like real-time updates on this thread now :lol:


I try to livepost it if I'm available and watching. But I welcome the competition - and the company! =)
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Re: Another Record ($118.43)

Postby Last_Laff » Tue 22 Apr 2008, 11:40:14

Out of curiosity how are you guys watching the changes?
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Re: Another Record ($118.43)

Postby Armageddon » Tue 22 Apr 2008, 11:40:53

energy 321 is stuck at 117.55
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Re: Another Record ($118.43)

Postby misterno » Tue 22 Apr 2008, 11:41:14

I see some people posting oil prices around 01:00AM

How is this possible? Which markets are you watching and how do we do the same on the internet?
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Re: Another Record ($118.43)

Postby lowem » Tue 22 Apr 2008, 11:42:51

$118.44 !!

Getting addicted to my own oil livequotes page! :lol:
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Re: Another Record ($117.79)

Postby lowem » Tue 22 Apr 2008, 11:44:14

$this->bbcode_second_pass_quote('PeakingAroundtheCorner', 'I') try to livepost it if I'm available and watching. But I welcome the competition - and the company! =)


Only at peakoil.com could oil-price record watching become some kind of a sport! :-D
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Re: Another Record ($117.79)

Postby Duende » Tue 22 Apr 2008, 11:46:10

PeakingAroundtheCorner wrote:
$this->bbcode_second_pass_quote('', 'I') didn't see it at $118.40 but if it did, then my last two posts are null and void.


http://www.flickr.com/photos/12935227@N00/2433435811/

Here's a link to the cut of the screenshot I took.
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Re: Another Record ($118.43)

Postby Duende » Tue 22 Apr 2008, 11:51:05

lowem wrote:
$this->bbcode_second_pass_quote('', '$')118.44 !!


Jeez, in the time it took me to upload $118.40 to Flickr, there was a new record.

It's tough to keep up with tracking the end of industrial civilization :(
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Re: Another Record ($117.79)

Postby PeakingAroundtheCorner » Tue 22 Apr 2008, 12:17:20

$this->bbcode_second_pass_quote('Duende', '[')b]PeakingAroundtheCorner wrote:
$this->bbcode_second_pass_quote('', 'I') didn't see it at $118.40 but if it did, then my last two posts are null and void.


http://www.flickr.com/photos/12935227@N00/2433435811/

Here's a link to the cut of the screenshot I took.


Cool =) I gladly stand corrected. Personally, I wish it was $200 a barrel.
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Re: Another Record ($118.43)

Postby Armageddon » Tue 22 Apr 2008, 12:24:49

Image
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