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The Price Of Oil - Page 29

Prices here for the last few weeks has been steady 1.30 to 1.35 per litre or 5.20 to 5.40 per us gallon.

Oil Price The

Oil price hits yet another record

Oil prices continue to climb with US light crude at a record closing price and London Brent above $146.
Ref. https://news.bbc.co.uk/1/hi/business/7486764.stm

The Price Of Oil History & Civil Business Politics

Yes, the past week it has been around $3.80 a gallon but I have a feeling that is going to change soon.

Page 29 Oil Price The

Yes they have been telling us here to expect another bump up also. Hope it stabilizes soon.

Edited: krakyn on 4th Jul, 2008 - 1:44pm

Oil Price The

Yes if it does not stabilize soon I fear a lot of people are going to be hungry or homeless. Either way it is not a good place to be.

The Price Of Oil

A lot of people are already homeless from the sub-prime mortgage fiasco - many are living in their cars, there are tent cities sprouting up all over southern California (not in my town, but with the number of foreclosed homes I wonder where everyone is going?).

Now with gas prices - and food prices as a result - going up and up, people are going to get hungry. Plenty of the so-called experts and pundits are forecasting disaster ahead. This kind of economy is not sustainable; oil is just one facet of the whole story.

Gas prices here are $4.69 and up at the "name brand" outfits. The "tank-full-of-knocks" stations are around $4.40.

I read yesterday somewhere that there are speculators betting that the price of oil will be $200/barrel before year end.

The Price Oil - Page 29

With crude oil prices being around $145 a barrel I can see that $200 a barrel easy. That is only $55 more dollars.

I have not heard about the tent cities. I know living in a car or in a tent is not fun. Lucky for southern california it does not get very cold in the winter months. Imagine living in a tent in a Iowa winter where the temps can reach -15 to -20 degrees at times. That is not counting the wind chill.

I hope something gives soon. With oil being up that is causing a lot of other costs to rise too. I am not sure what we are going to do to get out from under this huge rock.

The Price Oil Politics Business Civil & History - Page 29

What gets me is the people with the oil power sit around, surrounded by their billions, making decisions that continue to make life harder and harder on average folk and yet they remain unaffected in their protected luxury. And they don't seem to care.