Truckers' Trucking Forum | Message Board | Discussion - The Premier Truck Drivers Forum!  

Trucker MySpace - Truckers Making Friends. Chicken Truckers Come Meet Other Truckers!

Good Trucking Jobs - Forget Those CRAP Trucking Jobs & Find A Good Trucking Job!

Go Back   Truckers' Trucking Forum | Message Board | Discussion > Trucking News & Reports > Truckers News
Reload this Page Oil Prices Surge to New Record High on OPEC
JOIN Forum Donate Truckers Blogs FAQ Members List Calendar Mark Forums Read

Truckers' Trucking Forum/Message Board - The Premiere Truck Driver Forum
Sponsored Links

Important Truckers Forum Notice!
Hello Truckers & Non-Truckers! Be sure to check out our TRUCKERS SOCIAL GROUPS or check out our TRUCKERS BLOGS to make your OWN place on the internet! SEARCH
Truckers, Donate To The Salvation Army! Help Others!
   Truckers, You Can Help Others By Donating To The Salvation Army This Holiday Season! - Truckers Report Goal: $5000

Truckers News The Dimmer Switch. Got some interesting truckers news you want let others to know about? Let drivers know here. Discuss trucking news. What do you know that other truckers don't? Basically a current events message board. International Truckers News
American Truckers News

Reply
Page 1 of 2 1 2 >
 
Thread Tools Rate Thread Display Modes
  ^ Top   #1  
Old 03.05.2008
Cybergal's Avatar
Trucker Forum STAFF
  
Member Since: Jan 2006
Location: USA
Trucker? Trucking Industry
Posts: 21,069
My Trucking Photos: 27

Thanks: 1,410
Thanked: 1,184 Times
My Truckers Blog : 14
Stopsign Oil Prices Surge to New Record High on OPEC
Oil Prices Surge to New Record High on OPEC
3/5/08
Quote:
NEW YORK -- Oil surged Wednesday, rising a remarkable $5 a barrel to a new record over $104 a barrel after the government reported a surprise drop in crude oil stockpiles and OPEC held production levels steady.

Most analysts had expected the Energy Department's Energy Information Administration to report oil supplies rose last week for the eighth straight time. Instead, they fell by 3.1 million barrels.

In Vienna, meanwhile, the Organization of Petroleum Exporting Countries said it would hold production levels steady, at least for now.
The EIA report and OPEC announcement fed a new frenzy of investing in oil futures, which have risen to new inflation-adjusted records this week as the falling dollar drew new investors to the market.

Light, sweet crude for April delivery jumped $4.65 a barrel to $104.17 on the New York Mercantile Exchange after earlier rising to $104.56, a new trading record, and appeared poised to move higher. Earlier this week, oil prices broke the previous inflation-adjusted price record of $103.76, set in 1980 during the Iran hostage crisis.
more here...........http://www.foxbusiness.com/article/o...506601_44.html
__________________
Truckers
Truckers

The Truckers Report Merchandise
Reply With Quote
Remove This Ad By Registering. Join Our Truck Forum and Trucking Community For Free. Sponsored Links:

  ^ Top   #2  
Old 03.06.2008
Cybergal's Avatar
Trucker Forum STAFF
  
Member Since: Jan 2006
Location: USA
Trucker? Trucking Industry
Posts: 21,069
My Trucking Photos: 27

Thanks: 1,410
Thanked: 1,184 Times
My Truckers Blog : 14
Oil Advances to Record $105.97 as Dollar Drops to All-Time Low
3/6/08
March 6 (Bloomberg) -- Crude oil rose to $105.97 a barrel, the third day this week New York prices have reached a record, as the U.S. dollar fell to its lowest ever against the euro.

Gold and copper also advanced to all-time highs as the sinking dollar made commodities priced in the U.S. currency cheaper. Oil closed at a record yesterday after U.S. crude inventories fell for the first time in eight weeks and OPEC refrained from raising production.
More here...............http://www.bloomberg.com/apps/news?p...d=aOW6mzz__AbA
__________________
Truckers
Truckers

The Truckers Report Merchandise
Reply With Quote
  ^ Top   #3  
Old 03.06.2008
MIA (Banned or Retired)
  
Last Seen: 10.11.2008 02.29 PM
Member Since: Sep 2006
Location: IL
Trucker? 4-Wheeler
Posts: 8,519
My Trucking Photos: 0

Thanks: 40
Thanked: 796 Times
Get ready for the commodity price bubble to burst.

Shouldn't be very long now.
Reply With Quote
  ^ Top   #4  
Old 03.06.2008
MedicineMan's Avatar
Solution Finder
  
Last Seen: 6 Hours Ago 12.47 PM
Member Since: Jan 2007
Location: Woodville, TX
Trucker? 13 Years
Age: 34
Posts: 8,189
My Trucking Photos: 4

Thanks: 6
Thanked: 718 Times
oh... we are in so much trouble
Reply With Quote
  ^ Top   #5  
Old 03.06.2008
Medium Load Member
  
Last Seen: 25 Minutes Ago 06.38 PM
Member Since: Oct 2007
Location: vernon hill, va
Trucker? 31 Years
Posts: 377
My Trucking Photos: 0

Thanks: 112
Thanked: 6 Times
six pack
the crap is getting ready to hit the fan blade
Reply With Quote
Remove This Ad By Registering. Join Our Truck Forum and Trucking Community For Free. Sponsored Links:

  ^ Top   #6  
Old 03.08.2008
Light Load Member
  
Last Seen: 2 Hours Ago 05.00 PM
Member Since: Dec 2007
Location: georgia
Trucker? 15 Years
Age: 38
Posts: 264
My Trucking Photos: 0

Thanks: 44
Thanked: 42 Times
Yep, the economy is really going to start crumbling now. What a shame our government would allow us to get into this position.
__________________
1% MAKE IT HAPPEN
9% WATCH IT HAPPEN
90% SAY GEE, WHEN DID THAT HAPPEN?
Fairtax... The Best Thing to Come Along Since the Constitution
Reply With Quote
  ^ Top   #7  
Old 03.08.2008
Light Load Member
  
Last Seen: 1 Week Ago 12.30 PM
Member Since: Feb 2007
Age: 56
Posts: 58
My Trucking Photos: 0

Thanks: 0
Thanked: 5 Times
Fedextruck Research For Oil Companies
billion Of Dollars Given To Big Oil Companies In The Past 15 Years In Tax Breaks For Research. Still Opec Holds Our Feet Under The Fire.
Reply With Quote
  ^ Top   #8  
Old 03.08.2008
Truckerjo's Avatar
Road Train Member
  
Last Seen: 3 Weeks Ago 05.57 PM
Member Since: Sep 2006
Location: Indiana
Trucker? EX-5 Years
Age: 35
Posts: 3,414
My Trucking Photos: 0

Thanks: 595
Thanked: 648 Times
OPEC blamed America for the high prices.. They said bad business practice of Americans is the reason.. They also said they will not increase the output of oil....
Reply With Quote
  ^ Top   #9  
Old 03.08.2008
gearjammer-2000's Avatar
Clutch User
  
Last Seen: 56 Minutes Ago 06.07 PM
Member Since: Dec 2007
Location: columbus Ohio
Trucker? 20 Years
Posts: 439
My Trucking Photos: 0

Thanks: 12
Thanked: 47 Times
the largest bad business practice that I can think of is NAFTA. You know maybe it is time for the rag h**ds to start paying for their own security and possibility for some of these countries to start paying us back for all the money and lives spent defending them, going back oh say 75 years, after all we kept most of them from having to learn a new language like German or Japanese.
Reply With Quote
  ^ Top   #10  
Old 03.08.2008
Sharpshooter
  
Last Seen: 2 Hours Ago 04.49 PM
Member Since: Dec 2006
Posts: 1,069
My Trucking Photos: 0

Thanks: 52
Thanked: 240 Times
Quote:
Originally Posted by Truckerjo View Post
OPEC blamed America for the high prices.. They said bad business practice of Americans is the reason.. They also said they will not increase the output of oil....
And they are correct. Kind of ironic isnt it? The price of oil is directly linked to the value of the dollar. The decline of the dollar is linked directly to our deficit spending and our deficit spending is linked directly to the war.
Remember when all the libs were screaming we went to war "to get their oil"?
Reply With Quote
Reply
Page 1 of 2 1 2 >

Truckers Forum Bookmarks - Like This Thread? Tell The World!

Truckers' Trucking Forum/Message Board
Truckers Accessories

« Wyoming doubles certain truck fees; other fee, fine hikes fail | Feds remain silent on raid of Swift driving school »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Trucker Forum Replies Last Post
Bush blames Congress for oil prices; OPEC says crude may hit $200 Cybergal Politics 48 09.25.2008 01.30 PM
House passes bill to sue OPEC over oil prices Cybergal Politics 15 05.21.2008 02.17 PM
OPEC stands Silent while oil prices...... Cybergal News - NON Trucking News 6 05.15.2008 08.34 AM
OPEC leaders blame U.S., Bush for higher oil prices Cybergal Politics 19 03.12.2008 09.01 PM
OPEC blames 'mismanaged' U.S. economy for soaring oil prices Truckerjo Truckers News 8 03.09.2008 08.46 PM


.

The Truckers Report - Trucker Photo Gallery - Contact Us - Truckers Forum - Top

vBulletin Forum Software, Copyright ©2000 - 2008, Jelsoft Enterprises Limited.
Copyright © The Truckers Report - Trucking Forum & Message Board - Truck Driver Discussion - Truck Forum

Trucker Forum Disclaimer: All content, information and opinions (collectively, the "Material") presented on Our Trucker Forum Discussion Board at TheTruckersReport.com are those of the authors of posts and messages (collectively, the "participants") and not The Truckers Report. The Truckers Report does not guarantee the reliability, completeness, accuracy, timeliness or up-to-date-ness of the material presented on the Truck Driver Forum. The material is published "as is," and does not represent the official views and opinions of The Truckers Report or any company. Any reliance upon the Material presented on these forums shall be at User's own risk. The Truckers Report does not review the substance of the content posted by users on these forums and is therefore not responsible for any of such content. The Truckers Forum merely provides a space for its users to express and exchange their own opinions.


Search Engine Friendly URLs by vBSEO