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Old 03-12-2008, 12:31 PM   #1
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BREAKING NEWS: Oil price hits new high of $110 a barrel with no sign of a fall

Oil price hits new high of $110 a barrel with no sign of a fall

By Tom Stevenson
Last Updated: 1:59am GMT 12/03/2008

The oil price hit a new record for the fifth consecutive trading session, coming within a whisker of $110 a barrel, as the International Energy Agency warned there was little prospect of energy costs falling far.

http://www.telegraph.co.uk/money/mai...2/cnoil112.xml
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Old 03-12-2008, 12:33 PM   #2
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the higher the better .. .
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Old 03-12-2008, 12:36 PM   #3
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it only happened in the last 10 minutes, and it's the highest price it has ever reached ... in the last 5 minutes it has dropped down to just over $109 a barrel
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Old 03-12-2008, 12:42 PM   #4
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yay!!
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Old 03-12-2008, 12:44 PM   #5
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We are lucky that the Aussie Dollar is strong atm but petrol prices are still bound to soar higher here!
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Old 03-12-2008, 12:48 PM   #6
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yay for working at home.
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Old 03-12-2008, 12:49 PM   #7
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oh no! just tell me when i should kill myself!
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Old 03-12-2008, 12:56 PM   #8
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thanks for the great news, B4P!!!
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Old 03-12-2008, 12:57 PM   #9
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fuck fuck fuck
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Old 03-12-2008, 01:01 PM   #10
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should have bought oil securities at 98 a few weeks ago when it started to turn damnnnnnit
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Old 03-12-2008, 01:01 PM   #11
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Haha, sold my shares before this announce, I'm so fucking genius.
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Old 03-12-2008, 01:05 PM   #12
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$4/gallon here we come in the Usa....I know everyone else already pays more than us hehehe
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Old 03-12-2008, 03:37 PM   #13
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it's still a lot cheaper in the U.S. than in Australia yo
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Old 03-12-2008, 03:51 PM   #14
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I bet it get up to 150 this summer
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Old 03-12-2008, 03:53 PM   #15
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Excellent news, the higher the better (I mean it).
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Old 03-12-2008, 11:08 PM   #16
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Sigh... what can you do
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Old 03-12-2008, 11:18 PM   #17
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:2cents

Yeah, heard that today.

I guess it is supposed to be up to $4 a gallon (U.S.) by summer.
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Old 03-12-2008, 11:19 PM   #18
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Fuckin' oil and fuckin' dollar. I wish them back to 10 years ago.
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Old 03-13-2008, 09:12 AM   #19
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This will push prices up right across the board ... freight, transport, groceries, and most forms of travel!
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Old 03-13-2008, 09:27 AM   #20
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This is all in Bush's economic plan. It basically is the trickle down theory. The oil industry ass fucks us, and we get to keep the spunk that runs down our legs.
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Old 03-13-2008, 10:01 AM   #21
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Obviously Cheney is doing some good over there.
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Old 03-13-2008, 10:03 AM   #22
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Great. The higher the better.

The more gas costs the less the fucking minimum wage idiots will be able to afford to drive - meaning less traffic and thus, less idiots on the road.
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Old 03-13-2008, 10:08 AM   #23
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This is all in Bush's economic plan. It basically is the trickle down theory. The oil industry ass fucks us, and we get to keep the spunk that runs down our legs.
The oil industry equals the people because most if not all companies are owned by the public...in that they have stock holders. Virtually everyone with a 401K or an IRA have stock in oil companies. They are currently operating at an 8 plus percent profit margin which is a reasonable margin. Oil will continue to climb in price (with minor decreases here and there) until all oil reserves are depleted. Simply a fact of life.
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Old 03-13-2008, 10:16 AM   #24
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and Gold now $1000 an ounce...
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Old 03-13-2008, 11:20 AM   #25
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The oil industry equals the people because most if not all companies are owned by the public...in that they have stock holders. Virtually everyone with a 401K or an IRA have stock in oil companies. They are currently operating at an 8 plus percent profit margin which is a reasonable margin. Oil will continue to climb in price (with minor decreases here and there) until all oil reserves are depleted. Simply a fact of life.
You must work for the oil industry because you are always defending them. You are a fucking joke if you think your IRA is gonna make up for the loss of money you pay for on a daily basis with gas.
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Old 03-13-2008, 11:30 AM   #26
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that's crazy....
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Old 03-13-2008, 11:58 AM   #27
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I can't wait for the day when all cars are electric and we can tell the oil companies to go fuck themselves !!! There's no reason for the prices to go this high, it's rediculas.
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Old 03-13-2008, 12:29 PM   #28
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I just heard it's at $111 a barrel now!
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Old 03-13-2008, 01:02 PM   #29
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Obviously Cheney is doing some good over there.


What a fucking joke sending him over there was, eh?
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Old 03-13-2008, 02:23 PM   #30
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Excellent news, the higher the better (I mean it).
I'm guessing that maybe you're not old enough to remember stagflation.

Trust me, we really, really don't want to go there again
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Old 03-13-2008, 02:27 PM   #31
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Oil prices going up is breaking news?
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Old 03-13-2008, 02:27 PM   #32
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Excellent news, the higher the better (I mean it).
I take it you ride one of these :

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Old 03-13-2008, 06:17 PM   #33
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You must work for the oil industry because you are always defending them. You are a fucking joke if you think your IRA is gonna make up for the loss of money you pay for on a daily basis with gas.
I am retired and the closest I ever came to working for the oil industry was working at company owned Standard gas station...when I was younger. When did stating facts become..."defending them"?
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Old 03-13-2008, 06:30 PM   #34
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I am retired and the closest I ever came to working for the oil industry was working at company owned Standard gas station...when I was younger. When did stating facts become..."defending them"?
Your sig says it all. Redneck reeeeeeedneck.
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Old 03-13-2008, 06:51 PM   #35
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its good it will wake people up and start aggressively creating alt forms of energy.
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Old 03-13-2008, 07:20 PM   #36
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Old 03-13-2008, 10:56 PM   #37
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No surprise here.
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Old 03-14-2008, 05:35 PM   #38
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Great. The higher the better.

The more gas costs the less the fucking minimum wage idiots will be able to afford to drive - meaning less traffic and thus, less idiots on the road.
Sounds like there will still be at least one idiot on the road.
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Old 03-14-2008, 05:47 PM   #39
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Well I am glad I work from home and hardly ever go anywhere.
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