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Leanan
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Post subject: Re: Another Record  Posted: Tue Sep 11, 2007 3:10 pm |
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Joined: Thu May 20, 2004 12:00 am
Posts: 4673
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Oil Hits New Record Despite OPEC Move
Quote: Light, sweet crude for October delivery rose 74 cents to settle at $78.23 a barrel on the New York Mercantile Exchange after alternating frequently between gains and losses. The settlement price bested the previous record, set July 31, by 2 cents.
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"The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
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Troyboy1208
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 3:25 pm |
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Joined: Wed Apr 26, 2006 12:00 am
Posts: 524
Location: Orlando FL
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so why is the price at the pump still 2.75...we should be over 3.00 dollars by now
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Leanan
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 4:29 pm |
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Joined: Thu May 20, 2004 12:00 am
Posts: 4673
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Quote: so why is the price at the pump still 2.75
I'm sure that will changing soon enough.
_________________
"The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
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Denny
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 6:40 pm |
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Joined: Sat Jul 10, 2004 12:00 am
Posts: 1813
Location: Canada
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Is it really a record price for crude? For the 5% of the world who live in the United States, yes. for most of the world, no.
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chuck6877
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 9:13 pm |
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Joined: Mon May 16, 2005 12:00 am
Posts: 497
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CNBC said regarding the 500,000 barrel raise in the Quota today, that OPEC was ALREADY pumping 500,000 over their official quota so really there would be no change........
Chuck
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simontay78
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 9:40 pm |
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| Heavy Crude |
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Joined: Mon May 01, 2006 12:00 am
Posts: 197
Location: SG
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jeezlouise
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Post subject: Re: Another Record Posted: Tue Sep 11, 2007 10:05 pm |
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Joined: Sun Feb 05, 2006 1:00 am
Posts: 302
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Well, slap my Momma. (...Uhm, that's a Southern thing.)
The oil investors actually pulled their heads from their collective posterior long enough to come to a realistic consensus. Never thought I'd see the day.
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joewp
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 7:47 am |
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Joined: Tue Apr 05, 2005 12:00 am
Posts: 1778
Location: Out in the streets of a runaway american dream
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Another record, it just hit $78.99 a few minutes after the open, backed off 20 cents and now it's trying to pass $79 again...
22 minutes 'til the weekly storage report, which could send it either way...
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Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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Leanan
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 8:32 am |
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Joined: Thu May 20, 2004 12:00 am
Posts: 4673
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Oil hits record on big inventory drop
Quote: Oil prices hit a fresh intraday record high of over $79 a barrel Wednesday after the government said supplies of crude oil fell far more than expected.
U.S. light crude for October delivery rose 70 cents to $78.97 a barrel, passing the old trading high of $78.77 a barrel hit Aug. 1. Oil had traded up 49 cents just prior to the report's release, and touched a record $79.29 just after the report.
_________________
"The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
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Zardoz
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 10:24 am |
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Joined: Fri Dec 02, 2005 1:00 am
Posts: 6603
Location: Oil-addicted Southern Californucopia
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NYMEX now at $79.15. Let's see what the news of the two storms does.
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"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
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Leanan
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 11:36 am |
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Joined: Thu May 20, 2004 12:00 am
Posts: 4673
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Oil hits record on inventory report
Quote: Despite setting a new price record of $79.89 Wednesday, oil is still well below inflation-adjusted highs above $101 a barrel hit in early 1980.
_________________
"The problems of today will not be solved by the same thinking that produced the problems in the first place." - Albert Einstein
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joewp
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 11:41 am |
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Joined: Tue Apr 05, 2005 12:00 am
Posts: 1778
Location: Out in the streets of a runaway american dream
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BIG SALE!!!
Oil now only $79.95! Get some before the big price increase!
EDIT : It just touched $80/barrel, somebody give T. Boone Pickens a cigar. 
_________________
Joe P. United Political Debate
"Only when the last tree is cut; only when the last river is polluted; only when the last fish is caught; only then will they realize that you cannot eat money." - Cree Indian Proverb
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sameu
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 11:48 am |
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Joined: Thu Aug 18, 2005 12:00 am
Posts: 584
Location: Belgium, Europe
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Tuike
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 11:50 am |
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Joined: Mon Jan 10, 2005 1:00 am
Posts: 427
Location: Finland
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strider3700
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Post subject: Re: Another Record Posted: Wed Sep 12, 2007 12:06 pm |
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Joined: Sun Apr 17, 2005 12:00 am
Posts: 2908
Location: Vancouver Island
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80.11 now showing on CNBC
_________________
shame on us, doomed from the start
god have mercy on our dirty little hearts
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