Another Record ($143.67)

emersonbiggins · **Posted:** Tue Apr 15, 2008 4:56 pm

Leanan wrote:

SWEET!

mgibbons19 · **Joined:** Fri Aug 20, 2004 12:00 am **Posts:** 1149

Armageddon wrote:

[...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL

Dam it from flowing.....

uphill?

Valdemar · **Posted:** Tue Apr 15, 2008 5:36 pm

bonehead wrote:

What blows me away is the fact that as an individual speculator you can make just as much money when the market's going down as well as up.The decline in the dollar has everything to do with it.There's going to be a lot of politicians losing their jobs if they can't get the dollar to rebound.

Except, the dollar has been stable and even strengthening lately while there new highs are happening. The dollar may be a land duck like Bush, but it doesn't account for all of the price. Look to Chindia for that.

Armageddon · **Posted:** Tue Apr 15, 2008 5:45 pm

mgibbons19 wrote:

Armageddon wrote:

[...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL

Dam it from flowing.....

uphill?

LOL, exact same thing I said.

Daculling · **Joined:** Tue Apr 12, 2005 12:00 am **Posts:** 1347

Armageddon wrote:

mgibbons19 wrote:

Armageddon wrote:

[...He said we could dig rivers that run from the ocean and then damn it up like the Hoover dam. LOL. Between that, hybrids and hydrogen cars, we will have the crises solved. LOL

Dam it from flowing.....

uphill?

LOL, exact same thing I said.

Like Helium is running out too but there is plenty on on sun. How we do we get it? We go a night. Old joke.

mgibbons19 · **Joined:** Fri Aug 20, 2004 12:00 am **Posts:** 1149

OMG that's too funny.

lowem · **Posted:** Wed Apr 16, 2008 3:49 am

$114.49

All Hail Triple Yergin Day.

lowem · **Posted:** Wed Apr 16, 2008 4:55 am

$114.51

Thread title needs updating ..

bl00k · **Posted:** Wed Apr 16, 2008 5:35 am

http://www.upstreamonline.com/market_da ... arkets_oil
$121,62 Tapis

So i assume Tapis is some awesome kind of oil?

Leanan · **Joined:** Thu May 20, 2004 12:00 am **Posts:** 4673

Tapis is a high-quality oil, but it's also expensive due to infrastructure reasons. It's sold in Asia, where supply has been tighter than in the rest of the world.

Oil is not perfectly fungible. There isn't a pipeline from Ghawar to Singapore. Tankers, ports, etc. have limited capacity. You can't just send the oil you usually send to the US to Asia because the price is better.

IMO, this is why the Saudis have been selling oil to the US at a discount. It's not to make nice with us, or because Bush is twisting their arms. They'd send it to Asia if they could, but either there aren't enough tankers, or it would be so expensive that it's not worth it.

bl00k · **Posted:** Wed Apr 16, 2008 9:09 am

Thanks for clearing that up, Leanan.

lowem · **Posted:** Wed Apr 16, 2008 9:28 am

$114.95

We're well into the potential $110-120 trading range.

Will it punch through $120 resistance?
Will it pull back?

Stay tuned for the next exciting episode of "NYMEX Sessions".

frankthetank · **Posted:** Wed Apr 16, 2008 9:31 am

Hold on your to weiner boys. This could get bumpy. I'm getting engorged just watching these 3 digit numbers climb

!!1

PeakingAroundtheCorner · **Posted:** Wed Apr 16, 2008 9:55 am

Down a buck and change!

WTF???

idomar · **Posted:** Wed Apr 16, 2008 9:56 am

is there any reason for the $2 down tick from the high?

Did someone open the SPR? find a huge deposit somewhere? ban all cars from the road?

Another Record ($143.67)

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