[peak]

$this->bbcode_second_pass_quote('Armageddon', 'O')il jumps $5.00 and it doesn't even make the news ? We are witnessing the ratcheting effect. Down a little, up more, down a little, up even more, etc.

[PeakingAroundtheCorner]

Okie dokie. Looks like I'll have to be the one to warm this thread up a little today as oil continues it's climb on Friday's significant boost which none of the news outlets discussed. Big sell-off early last week and a ~$6 climb on Friday and ~$2.50 so far today. Looks like $110 was indeed the new bottom and if today's charge holds at this rate, we'll settle above $120 on our way to a new bottom of $115.

As I said earlier, two steps forward, one step back, three steps forward...

[idomar]

totally agree, the price needs to break $120 and hold. you will then see crooning in the MSM, they have been suspiiously quiet on the way back up after the fanfare that they trumpetted on the way down to $110

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('idomar', 't')otally agree, the price needs to break $120 and hold. you will then see crooning in the MSM, they have been suspiiously quiet on the way back up after the fanfare that they trumpetted on the way down to $110

[lowem]

It just went over $120 !!! NYMEX, that is.

[lowem]

Okay, the official figure just came in from the NYMEX CSO page.
And we have a winner!

$120.21 is the new NYMEX crude oil price record.

[whereagles]

yeah, seems we got another agitated day at nymex.

But no worries. It plunged below $120 now.. (lol)

By the way, someone pls edit the title thread to the new record??

[Armageddon]

Isn't that pretty ?

[Tuike]

At the same time USD has been gaining value. It's now 1€ = 1.55$ while it was 1.59 at lowest.

Analysts can't say now oil price has risen because of weakening dollar.

[pup55]

A funny thing happened on the way to the big pricing collapse:



RBOB back up over $3.03 wholesale.

Happy Monday

[Chuckmak]

$120.21

[peak]

$120.36 another intra-day record

[Sys1]

Too cheap is 120$. I see more cars, planes, horny whores with too much make up laughing about how ugly looks Britney on their favorite tabloid, fat bodybuilded bastards listening violent RAP on their shitty IPOD, or worse, on their cellphone to share with subway passengers as livid as zombies. Myself, i'm still wasting my time on the great Internet instead of gardening on the road.
Business as usual... :Razz:

[Eli]

We have yet to hit the brick wall.

As long as the economic collapse is held off, I don't see any decline in consumption until actual physical shortages become the problem.

Until then it will be go go go.

[joeltrout]

$this->bbcode_second_pass_quote('Eli', '
')As long as the economic collapse is held off, I don't see any decline in consumption until actual physical shortages become the problem.

[DantesPeak]

$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Eli', '
')As long as the economic collapse is held off, I don't see any decline in consumption until actual physical shortages become the problem.

[Revi]

I think that the price is causing some people to drive less, but it isn't causing many people to really wake up.

The wake up will happen around here when we have to pay $4 a gallon for heating oil. We need around 300 gallons, so we'll have to pony up $1200, but there are people who have to buy 1000 gallons who will have to take out a second mortgage just to heat their house next year.

This is going to be a touchy summer with gas prices up and people not being able to use their gas toys, but I'm worried about next winter more.

[Homesteader]

$this->bbcode_second_pass_quote('Revi', 'I') think that the price is causing some people to drive less, but it isn't causing many people to really wake up.

The wake up will happen around here when we have to pay $4 a gallon for heating oil. We need around 300 gallons, so we'll have to pony up $1200, but there are people who have to buy 1000 gallons who will have to take out a second mortgage just to heat their house next year.

This is going to be a touchy summer with gas prices up and people not being able to use their gas toys, but I'm worried about next winter more.

[Heineken]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Eli', '
')As long as the economic collapse is held off, I don't see any decline in consumption until actual physical shortages become the problem.

[eastbay]

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('joeltrout', '')$this->bbcode_second_pass_quote('Eli', '
')As long as the economic collapse is held off, I don't see any decline in consumption until actual physical shortages become the problem.