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That's the secret to all of these - Page 51 - Politics, Business, Civil, History - Posted: 13th Jun, 2009 - 9:19pm
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Gas Prices Go Up and Up and Up - Global Fuel - A lot of North Americans complain about the high price of Gasoline, but did you know that North Americans pay less than many other developed nations for Oil and Gas?The Price Of Oil - Page 51
Start Storing Food Again
Oil prices are climbing again and although many say it has to do with the North American Summer getting close the prices are way too high in such a short period of time. Just now you will see a climb for certain items (of course in my country they do not need this excuse).
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Even if the price does drop it will not be seen on the pumps. Our nice government looked into this and then openly declared that no matter what goes on they have no say in it. After all it is an unregulated market and they can ask for what ever price they desire.
Sound real bad if you ask me. I think we will see the summer again 1.00 to 1.20 per liter with the barrel price near the 65 to 75 mark.
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Page 51 Oil Price The
Around here, the pump price went from $2.209 to around $2.709 within a matter of 3 weeks leading up to Memorial Day. It hasn't dropped, but is hovering around the high end. This will definitely limit our summer driving (not that we had plans anyway) to strictly local events and outings.
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We are going to hit US$70 a barrel soon. Here is the latest from ABC News:
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| The Price of a Gallon of Gas Shot Up 10 cents Over the Last Week [4:50 p.m. ET] |
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There are speculators saying the price of a barrel of oil will rise to $80 in the short term, and possibly skyrocket to $250 in the next year. We'll all be riding bikes and walking to work. Travel and commerce to anywhere outside a comfortable bike ride would cease. Do "they" honestly think the world can afford that? This is going to be a tough enough year going forward without having the cost of transportation going sky high. I guess we'll see what happens.
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| Oil price leaps to year's high Predictions of $250 a barrel on fears for oil reserves, hopes of economic recovery and hedging against weak dollar Terry Macalister guardian.co.uk, Wednesday 10 June 2009 20.58 BST The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250. The latest high - from lows of $30 only four months ago - came on the New York Mercantile Exchange, where the cost of July deliveries rose by $1.35 to $71.36. This comes on top of a $2 rise the day before as investors rushed into the market on the back of lower stockpile figures, higher demand estimates and speculation against further falls in the dollar. "I wouldn't be surprised if we're testing $80 in a week or two," said one analyst, while BP's chief executive, Tony Hayward, questioned whether $90 could be the "right" value. Kuwait's oil minister, Sheikh Ahmad al-Abdullah al-Sabah, put some of the rise down to signs of recovery in Asia but warned that overall demand was still weaker than last year. Opec would not raise supply at current oil prices but did not rule it out "if it reached $100", he said. |
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The Price Oil - Page 51
Where are they getting the $250 estimate from? I think that can only be possible with a world war going on, possibly if an attack with North Korea and Iran were happening simultaneously. The world would go into a riot with that price, like I said... Start storing food if you haven't already.
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The Price Oil Politics Business Civil & History - Page 51
That's the secret to all of these goings-on all over the world: Become more self-sufficient. Plant a garden, store what you produce, work with your neighbors, get as far off the grid as you can. It's going to get ugly.
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TOPIC: The Price Of Oil