PeakOil is You
Price Is Back To $135/bbl
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Price Is Back To $135/bbl
by PenultimateManStanding » Mon 16 Jun 2008, 16:39:38
I saw the price of oil spike to almost 140 and thought, OMG it's happening! But then the price came back down to 135 and I breathed a sigh of relief. *sarcanol off* Just a week or so ago the headlines were screaming record oil prices at $135 a barrel!
Turn those Machines back On! - Don Ameche in Trading Places
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Re: Thank God! Price Is Back To $135/bbl
by emersonbiggins » Mon 16 Jun 2008, 16:47:52
*snicker*
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin
George Carlin
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Re: Thank God! Price Is Back To $135/bbl
by RedStateGreen » Mon 16 Jun 2008, 17:45:42
@ title ... 
$this->bbcode_second_pass_quote('efarmer', '&')quot;Taste the sizzling fury of fajita skillet death you marauding zombie goon!"
First thing to ask: Cui bono?
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Re: Thank God! Price Is Back To $135/bbl
by ZombieMalthus » Mon 16 Jun 2008, 17:54:36
I think the second most common post on peakoil.com (after "9/11 was an inside job! LOL!") is the sarcastic "Whew, oil is down to $XXX.XX, everything is fine!"
Either that or I'm stuck in a space/time Moebius loop.
Either that or I'm stuck in a space/time Moebius loop.
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Re: Thank God! Price Is Back To $135/bbl
by catbox » Mon 16 Jun 2008, 18:01:30
They must be drilling more! I have 7 kids to feed and my Suburban needs fueling for my 60 mile commute to work, gotta get to WalMart, soccer practice, cub scouts,....they better get that price down! My way of life is non-negotiable!
Oh ....I mean I have seven bicycles, a 15 minute bike commute to work, 1 child, and a huge garden...how could I be so confused?
141 by Friday?
cb
Oh ....I mean I have seven bicycles, a 15 minute bike commute to work, 1 child, and a huge garden...how could I be so confused?
141 by Friday?
cb
Punk is not really a style of music. It was more like a state of mind.
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Re: Thank God! Price Is Back To $135/bbl
by bonehead » Mon 16 Jun 2008, 18:30:02
I think crude's gonna slide downward a little in the near future.The Fed's all done cutting rates and is hinting at raising them soon,there's more production coming online(albeit small ones).No more SPR additions for a while and big brother is starting to watch speculation more closely.Just hope this is a weak hurricane season 'cause that could change everything!
Gimme some demand destruction.
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Re: Thank God! Price Is Back To $135/bbl
by smallpoxgirl » Mon 16 Jun 2008, 19:11:07
$this->bbcode_second_pass_quote('bonehead', 'I') think crude's gonna slide downward a little in the near future.The Fed's all done cutting rates and is hinting at raising them soon,there's more production coming online(albeit small ones).No more SPR additions for a while and big brother is starting to watch speculation more closely.Just hope this is a weak hurricane season 'cause that could change everything!
That's kinda my hunch too. We had a false breakout from the pennant this morning. I'm starting to get the feeling that the next breakout is going to be downward and it's going to be real.
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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Re: Thank God! Price Is Back To $135/bbl
by 3aidlillahi » Mon 16 Jun 2008, 19:16:20
$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('bonehead', 'I') think crude's gonna slide downward a little in the near future.The Fed's all done cutting rates and is hinting at raising them soon,there's more production coming online(albeit small ones).No more SPR additions for a while and big brother is starting to watch speculation more closely.Just hope this is a weak hurricane season 'cause that could change everything!
That's kinda my hunch too. We had a false breakout from the pennant this morning. I'm starting to get the feeling that the next breakout is going to be downward and it's going to be real.
It's odd that I fear a downturn in the price of oil. What happens if oil does hit below $100 over the next year. Everyone turns, breathes a sigh of relief and continues along the same path. Any discussion we may have had about PO in the public and media will be washed away and we'll have to start all over. First task will be to shed the "crazy" and "nut" stereotype.
It really depends what causes the downturn, if it comes, and how far it goes. If it's a recession, then we're "good". If it's a speculative bubble popping, FED rate hikes and new production coming online ... sigh.
Riches are not from abundance of worldly goods, but from a contented mind.
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