[crossthread]

Ditto same here..
These NO Speculating involved...
Until you can PHYSICALLY take the Oil off the Market, theres No Speculation..
Supply Demand Issue..
Watch What R.S. says in the last 5 minutes of this video...
http://www.cnbc.com/id/15840232?video=779985121&play=1

[smallpoxgirl]

$this->bbcode_second_pass_quote('zensui', 'n')ot really. In the same website there is a "live crude oil" and a "live brent oil". So at least, the prices I'm quoting are NOT brent.

[bodigami]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('zensui', 'n')ot really. In the same website there is a "live crude oil" and a "live brent oil". So at least, the prices I'm quoting are NOT brent.

[Zardoz]

I like Barchart.com:

http://www2.barchart.com/mktcom.asp?section=energies

Their chart displays the high for the session along with the current price.

(Meanwhile, on the spot market, Tapis is over $147...)

[Troyboy1208]

lol how many Yergins are we up to now?

[emersonbiggins]

$this->bbcode_second_pass_quote('Troyboy1208', 'l')ol how many Yergins are we up to now?

[bodigami]

$this->bbcode_second_pass_quote('Troyboy1208', 'l')ol how many Yergins are we up to now?

[emersonbiggins]

$this->bbcode_second_pass_quote('zensui', '')$this->bbcode_second_pass_quote('Troyboy1208', 'l')ol how many Yergins are we up to now?

[charliehelyes]

cor blimey price is a bit high mate

[sparky]

.
on how much gas is in a Gallon

The costs have to be adjusted for today , the refining costs are also higger for sulfured , heavy oil
From
http://www.gravmag.com/oil3.html#barrel2

" The 42-gallon barrel of crude oil makes about 19½ gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics. That adds up to more than 42 gallons because of something called "refinery gain" - the processing and chemical changes decrease the density and hence increase the volume of the refined components. So, crudely (pun intended), a $37 barrel of crude represents about 88 cents a gallon to start with. That 88c represents the cost of production plus producer profit. Go up from there

Numbers that I found some time ago had this for other increments of the cost per gallon:
refiner cost - 13c
marketing cost - 5c
transportation cost - 15c
retailer cost - 5c
refiner, marketer, transporter, retailer profit - 10c (total, not each)

Add that to 88c, add the average 43 cents tax, and -- rather remarkably - that adds up to $1.79, if I added correctly - just about what you are paying. All the numbers vary depending on a long list of things -- refiner costs go up when they have to make specialized local blends (one reason for CA and Chicago having higher prices), marketing costs are higher in competitive markets (i.e., big cities), transportation costs are higher in the boondocks, or generally in places distant from refineries, retailer costs depend on number of employees, whether or not it is a franchise (some rural stations that I know of here in Montana have to pay many thousands of dollars per year for the "right" to be branded Conoco, or whatever); and the total price also depends on differing state and local taxes. So these numbers would be ball-park, approximations. "


.

[lowem]

Anyone wants to guess when we'll hit $150 oil?

1. Next year
2. Next quarter
3. Next month
4. Next week
5. Next trading day
6. ANY TIME NOW !!!

Me, I'd hazard sometime between next week and next month.
Any other opinions?

Update : check out the ongoing poll here.

[Armageddon]

$this->bbcode_second_pass_quote('lowem', 'A')nyone wants to guess when we'll hit $150 oil?

1. Next year
2. Next quarter
3. Next month
4. Next week
5. Next trading day
6. ANY TIME NOW !!!

Me, I'd hazard sometime between next week and next month.
Any other opinions?

Update : check out the ongoing poll here.

[Armageddon]

Is there anyone that thinks we haven't peaked yet ?

[Last_Laff]

Ironically this does not look like a peak, if ever.

[Starvid]

$this->bbcode_second_pass_quote('Armageddon', 'I')s there anyone that thinks we haven't peaked yet ?

[Armageddon]

This entire financial system is about ready to collapse, and the funny thing is 99.9% of the sheeple will never attribute it to peak oil. What a shame.

[patience]

My $.02. The 3rd quarter this year looks real scary to me for the US economy, and probably some other places. What I've been reading the past year says the banks are propped up on a stack of worthless paper and a crutch provided by the Federal Reserve. If oil keeps going up by fits and starts like it has been, the grassroots in the US will be economic toast by Oct. - Dec., as the fuel induced price increases permeate everyday life. If the relationship of crude price to gasoline price is what I've been reading about, we have yet to catch up to $100 oil. When $140 oil is realized at the pump, then it will be what, $6.50/gallon when that gets to the pump? That will crash the retail economy but good.

[Novus]

The retail economy was a joke anyway. It would have collapsed in a few years even if oil remained under $40.

[TreebeardsUncle]

Still, don't think this is that big a deal, though we are closing in on the all liquids peak. When gas gets over $10/gallon and keeps going up, that is when things will get interesting.
g

[sameu]

offtopic

in belgium we've reached an inflationrate of 5.8%
the highest since 1984
also a nice record

/offtopic