Close Topic Options

The Price Of Oil - Page 55

The group I feel for the most is self-employed truckers. These guys are hit directly in the wallet, and most have contracts for a set price. This will cause a huge ripple through the just-in-time supply chain to supermarkets and department stores.

The last time gas prices went so crazy, a lot of these guys just parked their rigs on the side of the road and walked away. Can't pay the gas, can't pay the loan payment on the truck. They just gave it up. How much will this round affect them?

It's already affected how I view my driving. Is it worth the extra money to drive to the next town for a special dinner? For $10, that's a little more than 2.5 gallons of gas right now. At 20 mph, or less if we're sitting in traffic, going 50 miles to a special place is a lot more expensive. I'm even considering investing in a vehicle with better gas mileage.

Oil Price The

U.S. Could tap oil reserves as gasoline price surges
(Reuters)

Political News

Reuters - The U.S. Government reiterated that it could tap its strategic oil reserves in order to safeguard economic growth as surging gasoline prices increase pressure for action. Source: Yahoo! News: Politics News

The Price Of Oil History & Civil Business Politics

Gas keeps getting more costly

On the heels of a survey finding San Diego has the highest gasoline prices in the Lower 48, another poll finds prices keep going up. Ref. Source 9

Page 55 Oil Price The

Want OPEC to pump more oil? Careful what you wish for

Glenn Beck: In attempts to ease rising global fears that oil prices are about to go through the roof, the Saudis have promised they will pump more oil and bring stability to the market. But according to experts, they've already been pumping to capacity since November, and won't be able to produce higher output without tapping into the global spare capacity. That's a problem, since oil prices are largely determined on spare capacity after supply has tightened. What happens if the Saudis can't step up? Ref. Source 8

Oil Price The

Any way you look at it OPEC raising production or opening the reserves we will still be paying a lot for gas. I think that we have a long way to go before we ever see gas prices come back down if they do at all.

The Price Of Oil

OIL: Saudi Arabia says it has boosted oil production
Local French Business Updates

Saudi Arabia has raised its production of oil as OPEC members act to counter market instability caused by the crisis in Libya, analysts say. Source: Business news, technology, media and finance reports

The Price Oil - Page 55

Oil dips below $100 after quake

According to the AP: "Oil prices dipped below $100 for the first time this month.The quake is likely to cut short-term demand for crude from Japan, which is the world's third biggest oil consumer. So far, a Saudi Arabian "Day of Rage" set for Friday has not materialized,which may also be holding oil prices lower than expected." Ref. Source 8

The Price Oil Politics Business Civil & History - Page 55

Oil prices have dropped below $100 and is on its way down largely due to the earthquake in Japan. Japan is a very large consumer of oil and with the earthquake demand is significantly down.