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Old 06.26.2008
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Oil futures hit above $140 a barrel
Oil futures hit above $140 a barrel
6/26/08
Quote:
Oil futures shot above $140 Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production. The advance raised the likelihood that gasoline prices would also extend their advance, and that prices of goods and services throughout the economy would also keep rising.
http://www.thetrucker.com/News/Stori...40abarrel.aspx
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Old 06.26.2008
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Libiya says the oil market is well supplied? Supply and demand...huh? Hmmmmmm...
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Old 06.26.2008
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Middle east fuel is heavy sour. IE good for pretty much china only. Most developed countries need low sulphur fuels so the amount of refining to make middle east oil into anything takes a lot of work.

That being said the world isn't supply capped it is refinery capacity capped. There hasn't been a new refinery built since the early 80s (in the US).
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Old 06.26.2008
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thank you
AMEN you got the piont

We (the US) are 10 to 15 years behind in R&D and now we are PAYING for it! Fuel is just one place it shows. Supply is NOT the iusse. we wil run out sooner or later. We have to fined renewable fuel BIO-fuel?
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Old 06.27.2008
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Originally Posted by PaymentPlan View Post
AMEN you got the piont

We (the US) are 10 to 15 years behind in R&D and now we are PAYING for it! Fuel is just one place it shows. Supply is NOT the iusse. we wil run out sooner or later. We have to fined renewable fuel BIO-fuel?



We won't be running out in yours or my lifetime.
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Old 06.27.2008
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Oil near $143 on view dollar will keep falling
6/27/08
Quote:
NEW YORK - Oil futures climbed to a new record near $143 a barrel Friday as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude's stratospheric rise, will extend its decline and add to oil's appeal.
http://news.yahoo.com/s/ap/20080627/..._ge/oil_prices
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Old 06.28.2008
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lifetime
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Originally Posted by Brickman View Post
We won't be running out in yours or my lifetime.
Do you have KIDS ? Are ever goning have some kids ? To care only about YOUR lifetime seem well ? what does it say at the bottom of your Raply?
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Old 06.28.2008
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Do you have KIDS ? Are ever goning have some kids ? To care only about YOUR lifetime seem well ? what does it say at the bottom of your Raply?
A little over a life time ago it would have seem silly to think that black stuff could have been good for anything more than quack medicine
I believe in a generation or so they will be laughing at us for even using it
Now is now, lets keep our heads above water
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Old 06.28.2008
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Originally Posted by PaymentPlan View Post
Do you have KIDS ? Are ever goning have some kids ? To care only about YOUR lifetime seem well ? what does it say at the bottom of your Raply?




No

Probably not

Why in the H would you think that about me?


Quote:
Its useless to argue with ignorance

-----------------------------------------------------------------------


My reply was in reference to the thinking that we've already reached peak oil production.


The USA alone has more oil than some other countries added together.

The oil shale of UT, CO and WY contain 3 times the known reserves in Saudi land.

Alaska hasn't reached its full potential let alone peak supply. Do some research on your own. Don't just take the nay sayers at their word.
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Politicians and diapers need to be changed often and for the same reason.

Truckers Its useless to argue with ignorance

Don't blame me, I didn't vote for the anti American crew.

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Old 06.28.2008
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The truly sad part of this...

I was listening on the XM when they broke that report... within 3 hours, the Pilot I was sitting at had raised gas prices .10
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