Oil hits new record. $102/barrel

[ADL Colin]

Oil hits record.
Euro/dollar also hits record.

[GatorB]

Just relax everything thing is alright.

[directfiesta]

[patrick6411]

The bush family is an oil family. As long as they are in office the oil companies will make billions. Pres Bush is a lier and always will be!!

Oil is the reason our economy is in the situation that its in. The price of gas has gone up .30 cents just this week here. It is crazy!! Our congress will not do anything to stop this crap.

Ask not what the citizen can do for the government but what our government can do for us!!!!

[ADL Colin]

Gold futures hit a new record high in electronic trading on Wednesday, up as high as $961.30 an ounce

[buddywes1436]

The bush family is an oil family. As long as they are in office the oil companies will make billions. Pres Bush is a lier and always will be!!

Oil is the reason our economy is in the situation that its in. The price of gas has gone up .30 cents just this week here. It is crazy!! Our congress will not do anything to stop this crap.

Ask not what the citizen can do for the government but what our government can do for us!!!!

Patrick is absolutely right. They are an oil family. Me and him talked about this not to long ago and I was completely for Bush. Until he showed things to me and I looked more into it. But as long as he is a oil family dont expect anything to change. I live a couple of states away from him and gas prices here has gone up a drastic amount. It is somewhere around .30 cents. Now we need to think if we dont want Bush in office then who do we want???

[ADL Colin]

Originally Posted by patrick6411

The bush family is an oil family. As long as they are in office the oil companies will make billions.

Bush family oil interests?

[atom]

fanfuckingtastic! that along with that the state of Minnesota just put a 5cent per gallon tax on gas here (which will be raised 1/2 cent every year til 2014) is going to hurt a lot of people.

I run a fishing forum and guys are saying that because their families are on such a tight budget already, they done know if they are going to be able to take the trips to the family cabin, not to mention filling up 25 gallon tanks on their boats every other day while they're up there.

The economy is absolute horseshit right now.

[Sosa]

yay! it will soon cost us 80-100 just to fill up each time. what a joke

[ADL Colin]

Originally Posted by atom

I run a fishing forum and guys are saying that because their families are on such a tight budget already, they done know if they are going to be able to take the trips to the family cabin, not to mention filling up 25 gallon tanks on their boats every other day while they're up there.

Interesting. I was hearing more of that a few months ago but less lately. With rising petrol prices maybe I'll start hearing it again

[TheSenator]

Those tax rebates are gonna go straight to the oil companies.

[ADL Colin]

Can't believe the FED is gonna keep cutting. 88% chance of a 50 point cut in March

[B2BwithJoeD]

Just paid $3.49 for premium in South Florida.

CLUE IN. Oil prices are being manipulated because of the success of the Al Gore movie Inconvenient Truth and the new awareness of the worldwide Green Wave. For the next ten to fifteen years oil prices will continue to rise as WE finance the transition to alternative fuels.

Who did you think was going to pay for the research and development? Exxon, BP and Chevron? Did you think they would go out of business replaced by Hydrogen Stations? No, we will now pay the freight for the bio and hydro research through record earnings so they can continue with business as usual. And watch what happens to the price of food over the next year. Our wheat farmers used to feed the world - future wars will be fought over food and water...

[L-Pink]

Bush family investments .............

Bush Property Seized--Trading with the Enemy

In October 1942, ten months after entering World War II, America was preparing its first assault against Nazi military forces. Prescott Bush was managing partner of Brown Brothers Harriman. On Oct. 20, 1942, the U.S. government ordered the seizure of Nazi German banking operations in New York City which were being conducted by Prescott Bush.

Under the Trading with the Enemy Act, the government took over the Union Banking Corporation, in which Bush was a director. The U.S. Alien Property Custodian seized Union Banking Corp.'s stock shares, all of which were owned by Prescott Bush, E. Roland Harriman, three Nazi executives, and two other associates of Bush.

[dready]

$100 is going to look dirt cheap in a few years.

[Shok]

Originally Posted by Webbilling JoeD

Just paid $3.49 for premium in South Florida.


Who did you think was going to pay for the research and development? Exxon, BP and Chevron? Did you think they would go out of business replaced by Hydrogen Stations? No, we will now pay the freight for the bio and hydro research through record earnings so they can continue with business as usual. And watch what happens to the price of food over the next year. Our wheat farmers used to feed the world - future wars will be fought over food and water...

Actually Chevron has invested over 500 million in an Algae growth plant for oil extraction.

Algae is the future of fuel oil

[dready]

Originally Posted by Shok

Actually Chevron has invested over 500 million in an Algae growth plant for oil extraction.

Algae is the future of fuel oil

[lbc213]

Its all the oil that the nasty dollars crew are using in their shoots, thats what is driving the price up.

[denny007]

Check prices of OIL, Gold and other metals etc. commodities in EUR and it will not look so bad. Its just US$ is becomming funny paper, and it might still go lower. Much lower. But as USA is no more so important power in the world, its not so big issue (as it would be 20~30 years ago). USA as it is now will last shorter than ie Roman Empire did, imho.

[sniperwolf]

the continuous increase on oil is somehow bothersome coz it will have if not that huge at least somehow on industrial sector...

[SykkBoy]

Every night, I curse my father for not being in a Texas oilman

[yys]

Originally Posted by ADL Colin

Can't believe the FED is gonna keep cutting. 88% chance of a 50 point cut in March

They don't believe inflation is a problem. The U.S. Dollar is in for a rough ride. Stagflation is back in vogue

Fed's Vice Chairman Donald Kohn's speech yesterday:

?Even as we respond to forces currently weighing on real activity, we must also set policy to resist any tendency for inflation to increase on a sustained basis. Allowing elevated rates of inflation to become entrenched in inflation expectations would be costly to reverse, constrain our ability to cushion further downward shocks to spending, and result over time in lower and less stable economic expansion. Inflation expectations generally have appeared reasonably well anchored, giving the FOMC room to focus on supporting economic growth. Moreover, as I will explain below, for a variety of reasons, I do not expect the recent elevated inflation rates to persist. In my view, the adverse dynamics of the financial markets and the economy have presented the greater threat to economic welfare in the United States. But the recent information on prices underlines the need to continue to monitor the inflation situation very carefully.?

[GAMEFINEST]

gas is gettin way too expensive, do something

[B2BwithJoeD]

Originally Posted by Shok

Actually Chevron has invested over 500 million in an Algae growth plant for oil extraction.

Algae is the future of fuel oil

Exactly my point! $500 million? And we're paying for it

?Chevron Corp.'s fourth-quarter profit climbed 20 percent to $4.14 billion, a company record that continued the most prosperous stretch in the oil company's 126-year history as it capitalizes on high fuel prices that are squeezing consumers and ruffling politicians.
Its profit of $14.1 billion for the full year was also a company record.
The San Ramon, Calif.-based company's earnings for 2005's final quarter, released Friday, represented the most it has made in any three-month period since its inception in 1879. The performance edged the $4.13 billion earned during the second quarter of 2004?the early stages of a two-year boom.
Chevron now has posted record annual profits in each of the last two years, earning a combined $27.4 billion.?
Source: Chevron's 4Q Profit Soars to Record High

[2012]

score !!!
touchdown !!!
PAYDAY !!!

thanks everybody !

[VeriSexy]

Yea its getting more expensive by the day

[pocketkangaroo]

Originally Posted by ADL Colin

Can't believe the FED is gonna keep cutting. 88% chance of a 50 point cut in March

That's absolutely insane. We're going to be paying $5 for a gallon of milk by the fall.