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View unanswered posts | View active topics
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Duende
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Post subject: Re: Another Record ($145.85)  Posted: Thu Jul 03, 2008 6:07 pm |
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Joined: Sat Nov 27, 2004 1:00 am
Posts: 282
Location: The District
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misterno wrote: ]Oil hits $145.85 and yet nobody on the street cares. Everybody lives on la la land, parking lots full of SUVS, restaurants full of people, nobody ever mentions high price of oil. very few are concerned
That's the question on everybody's mind. But, understandably, most people don't care because they don't know, and don't know because they don't care.
Pretty soon though they're gonna care, and then they'll be forced to know.
_________________
What fortune has made yours is not your own. -Seneca
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Laurasia
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Post subject: Re: Another Record ($145.85) Posted: Thu Jul 03, 2008 10:37 pm |
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Joined: Sat Jul 10, 2004 12:00 am
Posts: 549
Location: Toughing it out in suburbia
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I was looking around the news to try to explain the upswing in price and the only thing I could come up with is Tropical Storm Bertha. That's still on the other side of the Pond so if it follows the usual course, oil prices will be skyrocketting by the time it gets over here.
regards,
L.
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Laurasia
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Post subject: Re: Another Record ($145.85) Posted: Thu Jul 03, 2008 10:42 pm |
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Joined: Sat Jul 10, 2004 12:00 am
Posts: 549
Location: Toughing it out in suburbia
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Whoops! they're already talking about that next door in the Hurricane/Typhoon thread!
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emailking
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Post subject: Re: Another Record ($145.85) Posted: Thu Jul 03, 2008 10:52 pm |
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Joined: Sat Mar 11, 2006 1:00 am
Posts: 771
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I honestly don't think at this point there's always a clean explanation for a swing of a couple bucks. Maybe back at $20/barrel this would be the case. I know the media likes to do it but the explanations all seem so random. It seems like on any given day you could use a number of their favorite reasons to explain why it either should have gone up or gone down.
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smallpoxgirl
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Post subject: Re: Another Record ($145.85) Posted: Fri Jul 04, 2008 12:10 am |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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With the price where it is, there's going to be a couple of dollars of push and shove in the market. I'm not sure that the stuff the news reporters give as explanations is necessarily wrong, but I'm also not sure it really matters. Maybe a butterfly flapping it's wings in Borneo really did cause prices to rise $0.50. Why should anyone really care?
_________________
"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
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idiom
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Post subject: Re: Another Record ($145.85) Posted: Fri Jul 04, 2008 1:43 am |
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Joined: Mon Aug 23, 2004 12:00 am
Posts: 665
Location: New Zealand
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Where did the $10 swings go? It is like the market is accepting Peak Oil and its just slowly working its way up with much smaller swings now.
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ReducedToZero
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Post subject: Re: Another Record ($145.85) Posted: Sat Jul 05, 2008 2:29 am |
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Joined: Sun Jun 29, 2008 12:00 am
Posts: 78
Location: San Luis Obispo, CA / San Jose, CA
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i think Mr Bill mentioned the Positive Feedbacks of oil...
Conflict Feedback
Speculative Feedback (possibly)
Production Feedback (think EROEI)
we might begin to see smaller swings...
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Duende
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Post subject: Re: Another Record ($145.85) Posted: Sun Jul 06, 2008 4:40 pm |
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Joined: Sat Nov 27, 2004 1:00 am
Posts: 282
Location: The District
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idiom wrote: Where did the $10 swings go?
Lest we forget that, up until a few years ago, that was the price of oil! 
_________________
What fortune has made yours is not your own. -Seneca
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lowem
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 1:57 am |
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Joined: Mon Jul 19, 2004 12:00 am
Posts: 1754
Location: Singapore
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Kind of quiet in the oil markets today, drifting around the $143 level.
The proverbial calm before the storm?
_________________
Live quotes - oil/gold/silver
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simontay78
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 2:08 am |
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Joined: Mon May 01, 2006 12:00 am
Posts: 197
Location: SG
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LGW
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 3:47 am |
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Joined: Wed Aug 31, 2005 12:00 am
Posts: 26
Location: Sweden
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Down at $143. What a bargain. Praise the Lord, our Salvation has come!
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lowem
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 8:24 am |
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Joined: Mon Jul 19, 2004 12:00 am
Posts: 1754
Location: Singapore
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Back to $140 support.
Crude oil tumbles. Peak Oil is cancelled. 
_________________
Live quotes - oil/gold/silver
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Sketh
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 9:04 am |
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Joined: Sat Jul 02, 2005 12:00 am
Posts: 60
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lowem wrote: Back to $140 support. Crude oil tumbles. Peak Oil is cancelled. It's dipped below $140, so I think the correct word is 'collapses'. 
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lowem
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 9:14 am |
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Joined: Mon Jul 19, 2004 12:00 am
Posts: 1754
Location: Singapore
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Sketh wrote: It's dipped below $140, so I think the correct word is 'collapses'. Ah yes - "falls off the cliff" also comes to mind.
_________________
Live quotes - oil/gold/silver
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Sketh
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Post subject: Re: Another Record ($145.85) Posted: Mon Jul 07, 2008 9:26 am |
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Joined: Sat Jul 02, 2005 12:00 am
Posts: 60
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