[Pops]

The IEA now has a FAQ page about this, they say it's about Lybia and summer driving season, that KSA is coming to the rescue but isn't there yet and they (IEA) may do some more rescuing if the KSA Camelry doesn't arrive in time.

I think that should take a little curl out of the traders tails - the "do some more later" part that is.

[Pops]

http://www.iea.org/files/faq.asp

[peeker01]

cramer in support of peak oil

http://money.msn.com/top-stocks/post.as ... 97337b42b7

[John_A]

$this->bbcode_second_pass_quote('peeker01', 'c')ramer in support of peak oil

http://money.msn.com/top-stocks/post.as ... 97337b42b7

[AirlinePilot]

JohnA,

Its all about kicking the can down the road a bit more..that is all. I'm fully aware that 60mb is a drop in the bucket, but dribbled out a few mb each day gives them a few months more until they figure out the next BS line on how everything is going to be ok.

Personally I see it all ending badly. Not in a "doomer" sense, just a continued erosion into lower standards of living and more chaotic socio-political events.

[dolanbaker]

Brent Crude Oil Futures $/barrel $102.73 -$2.94 -2.8% @08:40 BST 27/06/2011

[John_A]

$this->bbcode_second_pass_quote('dolanbaker', 'B')rent Crude Oil Futures $/barrel $102.73 -$2.94 -2.8% @08:40 BST 27/06/2011

[dolanbaker]

Going back up already, so much for flushing out speculators!

$this->bbcode_second_pass_quote('', 'B')rent Crude Oil Futures $/barrel $106.44 +0.77 +0.7%

[vision-master]

Hey, I remember those $5 fills.

[John_A]

$this->bbcode_second_pass_quote('vision-master', 'H')ey, I remember those $5 fills.

[kublikhan]

$this->bbcode_second_pass_quote('John_A', 'I') think the price will crash. When speculators stop playing the game, the price will return to what the market will bear, rather than what it can be gamed to.

[vision-master]

$this->bbcode_second_pass_quote('John_A', '')$this->bbcode_second_pass_quote('vision-master', 'H')ey, I remember those $5 fills.

[dolanbaker]

Back up over $107 now, the short term fix is fooling no one.

Time for a reality check!

The only real solutions to a constricted supply is either high prices or reduced consumption, or both.

Economic growth simply can't happen when one of the prime fuel supplies to it is constrained, all that's happening now is that those countries that can make better use of that limited supply will win out over those that waste it!

[pedalling_faster]

$this->bbcode_second_pass_quote('dolanbaker', 'E')conomic growth simply can't happen when one of the prime fuel supplies to it is constrained, all that's happening now is that those countries that can make better use of that limited supply will win out over those that waste it!

[stephankrasner]

$this->bbcode_second_pass_quote('pedalling_faster', '
')about 6 months ago, i got tired of paying high prices for charcoal lighter fluid, to start fires with.

so, smart me reasoned that, maybe gasoline would work ! lighter fluid is $2 a quart ... gasoline was $3.50 a gallon.

[astalavista_b]

If Diesel automobiles for US increase as in the Europe, it could help to reduce oil consumption since diesel engines were 20% more efficient than gasoline. For instance in my country diesel is subsided which is 1$ less than gasoline per gallon. This will help further to reduce the oil price since US is the most oil consuming country at world.

[kublikhan]

$this->bbcode_second_pass_quote('astalavista_b', 'I')f Diesel automobiles for US increase as in the Europe, it could help to reduce oil consumption since diesel engines were 20% more efficient than gasoline. For instance in my country diesel is subsided which is 1$ less than gasoline per gallon. This will help further to reduce the oil price since US is the most oil consuming country at world.