Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Re: Another Oil price Record

What's on your mind?
General interest discussions, not necessarily related to depletion.
Topic locked

Re: Oil at $136.66 up $8.87 so far

Unread postby thor » Fri 06 Jun 2008, 16:07:51

$this->bbcode_second_pass_quote('charliehelyes', 't')his is hardcore doomer porn $138.91


I'll tell ya, it's downright obscene.
User avatar
thor
Coal
Coal
 
Posts: 482
Joined: Tue 21 Jun 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby jbrovont » Fri 06 Jun 2008, 16:09:41

Good point. There is a lot of elastic room (in the way of price) before workers in the "first world" will have to ride the bus to make working profitable.

There's another thread on here about AAA publishing that driving was down 4% from last year. We'll probably see gradual recreational declines punctuated by several sudden jolts of demand destruction as other forms of transportation become necessary for various activities.\

The psychology of "Hmm, maybe I can't afford to drive an extra x miles for y" may take a couple of paycheck cycles to sink in as well. Right now, people are getting sticker shock. It will take a month or so for them to realize how much fuel is cutting into their personal budgets when the bills come in and there's a lot less to go around.

$this->bbcode_second_pass_quote('Novus', 'Y')ou know $200 by the forth of July is not unreasonable at this point. All the super poor people 3rd worlders have already been forced from the market. To get further demand destruction it is going to take a much higher price to make a change.
Last edited by jbrovont on Fri 06 Jun 2008, 16:11:40, edited 1 time in total.
User avatar
jbrovont
Heavy Crude
Heavy Crude
 
Posts: 1003
Joined: Fri 16 Jun 2006, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby Duende » Fri 06 Jun 2008, 16:11:37

I felt like the sell-off last week revealed the 'real' price at about $122.

Is there a chance that the gains today are all those speculators back in the game?
"Where is the man who has so much as to be out of danger?" -Thomas Huxley
User avatar
Duende
Coal
Coal
 
Posts: 418
Joined: Sat 27 Nov 2004, 04:00:00
Location: The District
Top

Re: Oil at $136.66 up $8.87 so far

Unread postby vision-master » Fri 06 Jun 2008, 16:11:49

$this->bbcode_second_pass_quote('thor', '')$this->bbcode_second_pass_quote('charliehelyes', 't')his is hardcore doomer porn $138.91


I'll tell ya, it's downright obscene.


I've been here since 2006 and on a scale of doom 1 to 10, we are headed towards 10. I can't believe it.
vision-master
 
Top

Re: Oil at $136.66 up $8.87 so far

Unread postby joeltrout » Fri 06 Jun 2008, 16:14:13

$this->bbcode_second_pass_quote('vision-master', '
')I've been here since 2006 and on a scale of doom 1 to 10, we are headed towards 10. I can't believe it.


You guys are so silly. THIS IS NOTHING.
.
.
.
.
.
.
.
.

Wait till people discover peak oil. Then things will get exciting.

joeltrout
joeltrout
Heavy Crude
Heavy Crude
 
Posts: 1297
Joined: Wed 19 Sep 2007, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby Zardoz » Fri 06 Jun 2008, 16:14:26

$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
User avatar
Zardoz
Expert
Expert
 
Posts: 6323
Joined: Fri 02 Dec 2005, 04:00:00
Location: Oil-addicted Southern Californucopia
Top

Re: Another Record ($139.16)

Unread postby vision-master » Fri 06 Jun 2008, 16:17:02

OUT OF CONTROL!
vision-master
 
Top

Re: Another Record ($139.16)

Unread postby chuck6877 » Fri 06 Jun 2008, 16:21:15

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.


Zardoz,

You've always got your eyes wide shut. You're so cute :)

Chuck
User avatar
chuck6877
Tar Sands
Tar Sands
 
Posts: 513
Joined: Mon 16 May 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby vision-master » Fri 06 Jun 2008, 16:22:47

$this->bbcode_second_pass_quote('chuck6877', '')$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.


Zardoz,

You've always got your eyes wide shut. You're so cute :)

Chuck


Maybe he's right. Scary, huh.
vision-master
 
Top

Re: Another Record ($139.16)

Unread postby NoWorries » Fri 06 Jun 2008, 16:32:22

I agree with JoelTrout. The story today is not about Peak Oil, it's about a perilously weak US economy. If the US dollar was at 2001 values today, oil would be only about $100/b (you can check the numbers on that).

I still say the actual Peak will hit sometime around 2010 to 2012, perhaps later now due to the impending recession, which will be severe and prolonged, according to Warren Buffett. This will dampen demand.
User avatar
NoWorries
Peat
Peat
 
Posts: 177
Joined: Thu 05 Jun 2008, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby emersonbiggins » Fri 06 Jun 2008, 16:35:57

People act like $80 oil would solve EVERYTHING.

AFAIK, the interstates, roads, buildings and [most of the] consumer junk we're so fond of were all manufactured using sub-$20 oil. Cheap credit has allowed us to think we're "resilient" in the face of high oil. History will see to it that this was not the case.

Running on fumes.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: Another Record ($139.16)

Unread postby Armageddon » Fri 06 Jun 2008, 16:40:12

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.



Hardly. The way they deal with PO is to stage a false flag op, attack and then control oil producing countries. Quite simple, actually.
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo
Top

Re: Another Record ($139.16)

Unread postby MacG » Fri 06 Jun 2008, 16:48:37

$this->bbcode_second_pass_quote('Zardoz', 'I')t's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.


I share this view. Everything I've seen and learned support it. It's beyond human capabilities to understand today's world.

Yes, there is a lot of secret manipulation by various powerful actors which have physical consequences, but the consequences are mainly unintentional. They don't understand the world they are manipulating.

People involved in money and banking centers are monitoring a set of metrics they don't announce, but they are mostly reacting according to rules-of-thumb which has evolved during hundreds of years, and they change the rules all the time to save the system. The only predictable net result of all this is just boring inflation, and hardly mastery of the world.
User avatar
MacG
Heavy Crude
Heavy Crude
 
Posts: 1137
Joined: Sat 04 Jun 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby MacG » Fri 06 Jun 2008, 16:50:15

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.



Hardly. The way they deal with PO is to stage a false flag op, attack and then control oil producing countries. Quite simple, actually.


Maybe, but the degree of success can easily be assessed by monitoring the oil price...
User avatar
MacG
Heavy Crude
Heavy Crude
 
Posts: 1137
Joined: Sat 04 Jun 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby emersonbiggins » Fri 06 Jun 2008, 17:05:37

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.



Hardly. The way they deal with PO is to stage a false flag op, attack and then control oil producing countries. Quite simple, actually.


Maybe, but the degree of success can easily be assessed by monitoring the oil price...


Those in energy stocks are quite happy. :) (everyone in Bush's rolodex, for instance)
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: Another Record ($139.16)

Unread postby Armageddon » Fri 06 Jun 2008, 17:12:41

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('chuck6877', 'B')ush might try to keep power by pulling this one off. I've been worried about this.

Think Obama might get assassinated too? The powers that be (international bankers) wanted Hillary or McCain in my opinion.

We live in scary times.

Hence $139 WTIC!!!...


Scary, yes, but not for the reasons you think they are.

Nobody is in charge. Nobody is controlling anything. There are no Illuminati. The course of events is not being directed by anybody.

It's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.



Hardly. The way they deal with PO is to stage a false flag op, attack and then control oil producing countries. Quite simple, actually.


Maybe, but the degree of success can easily be assessed by monitoring the oil price...



I do believe the central bankers worst fear is PO. When Amshel Rothschild set his plan into action ( control the money of the worlds governments ), PO was not even heard of, heck oil wasn't even discovered yet. But I guarentee that they are PO aware, considering the Rockefellers are in it with them.

Amschel had 5 sons, 4 of whom he sent to the major cities of four different major powers of Europe, to establish or gain control over the major central bank of each country. Solomon went to Vienna, Austria; Nathan to London, England; Carl to Naples, Italy; James to Paris, France; while Meyer (and Amschel) stayed in Frankfurt, Germany. In addition to these major countries of Germany, Austria, England, Italy and France, the Rothschilds did extensive banking for the governments of Belgium, Spain, Brazil, and many other countries. This was all part of Amschel's plan to gain control over vast wealth and power.

Thomas Jefferson issued this warning in 1791: "If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their forefathers conquered."

Rothschild said, "Let me issue and control a nation’s money and I care not who writes its laws",
User avatar
Armageddon
Light Sweet Crude
Light Sweet Crude
 
Posts: 7450
Joined: Wed 13 Apr 2005, 03:00:00
Location: St.Louis, Mo
Top

Re: Another Record ($139.16)

Unread postby dorlomin » Fri 06 Jun 2008, 17:22:12

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('Zardoz', 'I')t's all random. That's the scariest scenario of all, isn't it? That's what conspiracy theorists can't handle. That's what they're really afraid of.


I share this view. Everything I've seen and learned support it. It's beyond human capabilities to understand today's world.

Yes, there is a lot of secret manipulation by various powerful actors which have physical consequences, but the consequences are mainly unintentional. They don't understand the world they are manipulating.

People involved in money and banking centers are monitoring a set of metrics they don't announce, but they are mostly reacting according to rules-of-thumb which has evolved during hundreds of years, and they change the rules all the time to save the system. The only predictable net result of all this is just boring inflation, and hardly mastery of the world.
^^^^Im in this camp.



But in more news

$this->bbcode_second_pass_quote('', 'N')ymex trading in crude oil, heating oil and gasoline on the Globex electronic system was ``briefly halted'' and resumed around 1:15 p.m. New York time because heating oil reached its limit move for the session, said Brenda Guzman, a spokeswoman for the exchange.

The limits, which govern maximum price moves, up or down, were doubled for the remainder of the electronic session, she said. Crude oil's limit rose to $20, natural gas to $6 and heating oil and gasoline rose to 50 cents


link Looks like they moved the goal posts....
User avatar
dorlomin
Light Sweet Crude
Light Sweet Crude
 
Posts: 5193
Joined: Sun 05 Aug 2007, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby MacG » Fri 06 Jun 2008, 17:23:52

$this->bbcode_second_pass_quote('Armageddon', 'R')othschild said, "Let me issue and control a nation’s money and I care not who writes its laws",


Yea, sure, banking is a racket, but if coal and oil had not been around the scheme had crashed after 20-30 years. They might have been able to restart it a couple of times, but people would have understood the wickedness already in the 1800's and rolled them in tar and feathers. Coal and then oil made growth possible, and honestly, it was not only the bankers who enjoyed the ride - most people partied on quite happily.
User avatar
MacG
Heavy Crude
Heavy Crude
 
Posts: 1137
Joined: Sat 04 Jun 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby MacG » Fri 06 Jun 2008, 17:41:22

$this->bbcode_second_pass_quote('emersonbiggins', 'T')hose in energy stocks are quite happy. :) (everyone in Bush's rolodex, for instance)


Oh, they are happy in about the same way a freezing person is happy the first seconds after p*ssing in his pants...
User avatar
MacG
Heavy Crude
Heavy Crude
 
Posts: 1137
Joined: Sat 04 Jun 2005, 03:00:00
Top

Re: Another Record ($139.16)

Unread postby emersonbiggins » Fri 06 Jun 2008, 17:55:20

$this->bbcode_second_pass_quote('MacG', '')$this->bbcode_second_pass_quote('emersonbiggins', 'T')hose in energy stocks are quite happy. :) (everyone in Bush's rolodex, for instance)


Oh, they are happy in about the same way a freezing person is happy the first seconds after p*ssing in his pants...


I'm pretty sure anyone with an oil tanker named after them isn't worried about dying of hypothermia. 8)

Image

the rest of us, OTOH...
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top
PreviousNext
Topic locked

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 21 guests