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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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Join Date: Aug 2004
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Barrel of Oil closes at 125.96, UP 2.67 per barrel. ALL TIME HIGH!
WOW. Just Wow!
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#2 |
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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YOU LIE. This guy is the expert
By Steve Hargreaves, CNNMoney.com staff writer August 7 2007: 1:17 PM EDT NEW YORK (CNNMoney.com) -- Despite oil's record high last week, forget about crude going to $100 a barrel. http://money.cnn.com/2007/08/07/news..._oil/index.htm |
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#3 | |
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#4 |
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"Meanwhile, rising crude oil prices remained a source of worry for investors, as they had much of the week and in recent months. Oil futures rose above $126 a barrel for the first time, further stoking Wall Street's concerns about inflation that could curtail consumer spending. Light, sweet crude rose as high as $126.20 on the New York Mercantile Exchange before settling at a record $125.96. For the week, oil jumped nearly $10."
Source http://biz.yahoo.com/ap/080509/wall_street.html Stocks decline as AIG reveals need for cash, oil surges Friday May 9, 5:48 pm ET By Tim Paradis, AP Business Writer I think CNN got it wrong. |
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#5 |
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I'd be willing to bet that the cost of a barrel goes to 150.00 barrel by July.
That would push the price of a gallon of gas near 5.00. CNN http://money.cnn.com/2008/05/09/mark...ords/index.htm |
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#6 |
Confirmed User
Join Date: Sep 2006
Location: internets
Posts: 6,954
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damn i am in the wrong business...hopefully i have oil in my backyard, time to start diggin
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Teen Porn Models / Solo Girls |
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#7 | |
HOMICIDAL TROLL KILLER
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Join Date: Dec 2004
Location: Sunnybrook Institution for the Criminally Insane
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Quote:
what sucks is that opec said last night that they have a 3 mill bpd excess, so its the speculators and the weak dollar that are driving up the prices.. a lot of experts are scratching their heads because the current situation of oil prices defies all economic models of supply and demand... |
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#8 |
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
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Some gems of wisdom from some dude
Why $120 oil is good The problem, he says, is new discoveries of crude in non-OPEC areas like the United States, the North Sea, and Russia have not kept pace with the oil being removed from those places. OPEC, which holds two thirds of the world's crude oil reserves, has seen no drop in global demand despite $120 oil and has little incentive to increase output. It's this supply problem that prompted analysts at Goldman Sachs to reaffirm their prediction of a so-called "super spike" in oil prices - which could usher in $200-a-barrel crude in the next 6 to 24 months. "I've long said maybe the best thing that could happen to this country is to have $6 gasoline," he said http://money.cnn.com/2008/05/07/news...ion=2008050812 |
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#9 |
Ah My Balls
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Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
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7 to 10 dollars a gallon by winter in the US. As long as our dollar keeps falling the price will keep going up. Inflation in the US is said to be only 2.something. But in reality it is 5 or more times higher than that. Immigration both legal and illegal and cheap goods from china and the like have been hiding the true inflation.
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#10 | |
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![]() ![]() ![]() ![]() I am buying electric car. gas will never ever again go under 3.50 a gallon. ever. |
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#11 | |
The Demon & 12clicks
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Join Date: Oct 2001
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Quote:
Well I will say that anything under $2.50 will never happen again. Didn't seem that long ago that I was paying $1 a gallon. Of course this all means food will go up in price even more. I swear I'm planting my own garden. |
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#12 |
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yep. our dependency on oil has finally fucked us beyond returning to where people can live comfortably. salaries are not going up one iota, but the cost of living is rising out of the stratosphere. salaries that i've seen are actually being lessened because companies can't afford to pay people what they are worth in their positions in many cases because of current economic conditions.
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#13 | |
Ah My Balls
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it is not just our dependency on oil that has fucked us. It is our dependency on debt both personally and in the government. We are looking at the symptoms and not the disease.
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#14 |
lurker
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Location: atlanta
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7 bucks a gallon kiss half of all sign ups good bye. lol
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#15 |
The Demon & 12clicks
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#16 |
I need a beer
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It's crazy..it goes up almost 3 cents a day here..fuck me
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#17 |
lurker
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The banks fed the debt fire. My wifes sister just got out of high school got a part time job making 6 bucks a hour. She gets in the mail one of those your preapproved for a master card. She fills it out honestly sends it in,I tell her if they even give you a card maybe $500 max. She gets a master card with a 10,000 dollar credit line.Thats fucking criminal.
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#18 | |
The Demon & 12clicks
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#19 | |
Ah My Balls
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agreed. But your wifes sister did not need to take that debt, both are just as criminal. The fed printing the money and people are so willing to take more than they can afford or need has gotten us here. The fed will print more money, the dollar will keep falling, the price of gas will keep going up, more people will take more debt to pay to heat their homes and the dollar will drop again and so on. And the fed will say that inflation is 2.something%
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#20 | |
lurker
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#21 |
lurker
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#22 |
Ah My Balls
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to take it is the crime if she pays it off or not. But I am glad she did pay it off. Yes I get your point and agree with it 100%
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#23 | |
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I owe shit here! |
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#24 |
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I predict $6.00 by July and $8 by December. Its already $4.18 for regular here in Solana Beach California today
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icq. 176240424 44.years as a pornographer !!!!!!!!!!! |
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#25 |
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#26 |
The Demon & 12clicks
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#27 |
Doing the grind since 99
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$150 a barrel will equate to an average of $4.50 per gallon for regular unleaded.
The problem is it may blow through $150. Trying to pick a top in this market is tough.
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#28 | |
Too lazy to set a custom title
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#29 | |
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#30 |
fangtastic.net
Join Date: Oct 2006
Location: www.fangtastic.net
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It's going thru the roof here too!!
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#31 | |
ICQ- five seven 0 2 5 5 0
Join Date: Jan 2001
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Quote:
Hey homie...doesn't it kinda make you get all reminescent on doing a tour of duty at Homestead AFB, FL? I still gotta dig up the pictures of my pimp blue 70' Monte Carlo that got fragged by Hurricane Andrew....I miss those crushed blue velvet seats...p i m p t a s t i c w0rd uP -TJ
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Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only. ![]() |
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#32 | |
ICQ- five seven 0 2 5 5 0
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Quote:
- TJ
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Investor with 5m - 15m USD to invest. Do you have a site or network of sites earning 50k - 200k a month income? Email your contact and preliminary data to: domain.cashventures (at) gmail.com....Please...no tire kickers...serious offers and inquiries only. ![]() |
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#33 |
Icq: 14420613
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sucks ass i was shorting oil today
LOL
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#34 | |
Confirmed User
Join Date: Dec 2004
Location: Back in Blighty
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Quote:
The Brits currently pay about £1.16 ($2.26) per litre, so $8.54 per gallon ![]() So don't complain too much! |
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#35 |
Sofa King Band
Join Date: Jul 2002
Location: Outside the box
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All time high?
Uhmm... with the exception of a few days here and there, I think oil has been hitting all new highs every day for a few years now. |
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#36 |
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oil price hike is really a pain in the ass
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#37 | |
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icq. 176240424 44.years as a pornographer !!!!!!!!!!! |
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#38 |
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I wonder what the people that bought this are thinking now:
2005 Mercedes-Benz G500 MPG (city): 11 MPG (highway): 13 Cost to Drive 25 Miles: $7.52 Fuel to Drive 25 Miles: 2.08 gal Cost of a Fill-up: $82.52 ![]() ![]() ![]() http://www.fueleconomy.gov/FEG/noframes/21439.shtml |
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#39 | |
The Demon & 12clicks
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Join Date: Oct 2001
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Quote:
Also you are doing the math wrong. A person in the UK is paying 4.39 Euros per gallon of gas. A person in the US is paying about $4 for a gallon of gas. If the UK person was making 40,000 euros and the US person was making $40,000 when the dollar and euro were worth the same the UK person is now making the equivalent of $64,000 a year. So the difference isn't nearly as bad as you are making it out to be. Also there is the cost of transporting goods. It doesn't take much to transport food from one end of the UK to the other as compared to transporting goods from one end of the US to the other. Hell it's only 2081 miles to go from Lisbon to Helsinki. Oslo to Athens is only 1620 miles. Seattle to Miami 2719 miles, NY to LA 2444 miles. |
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#40 | |
Confirmed User
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#41 |
Confirmed User
Join Date: May 2004
Location: On the Sun
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just to clarify...Not saying you're wrong...just saying that you can bet on it if you wanted to
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#42 | |
Ah My Balls
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Same here man, zero debt living is fine with me right now.
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#43 |
Unregistered Abuser
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supply and demand
oil is a limited product and will only ever increase in price |
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#44 | |
Confirmed User
Join Date: Sep 2001
Location: Boston
Posts: 4,873
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Quote:
http://www.petrolprices.com/ Average: 110.8p per LITRE 1 US gallon = 3.78541178 litres 110.8 x 3.78541178 = 419.423625224 4.19 Sterling = $8.17 converted at http://www.xe.net/ do you think that in UK to work someones wage out they look at what they make in the US and change the symbol to our currency?! US average wage 2006: $38,651 UK average wage 2007: £23,244 if the dollar wasn't at an all time low theres realy not much in it People in uk drive small 30mpg 4 bangers and TDI's where people in USA drive 10mpg F150's and whine about gas prices!!! |
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#45 |
Sofa King Band
Join Date: Jul 2002
Location: Outside the box
Posts: 29,903
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ya right.
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#46 |
Ah My Balls
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Oil is stable in relation to gold price. Supply and demand has little to do with the price of oil. It is the falling dollar that has oil so high. If the dollar was stable a gallon of gas should be around $1.50 to $2ish. Gas price is the best indicator for the true inflation rate. That is why the fed does not use gas price in calculating inflation so they can hide the cold reality.
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#47 | ||
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Yes. All time high. Highest price that a barrel has ever been in history. It hasn't been hitting highs every day. Do you follow this? |
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#48 |
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#49 |
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Gas is now $4.09 in Miami.
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#50 | |
Registered User
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Quote:
Of course the price of oil and food is rising on a global scale so you're going to feel the pinch regardless of where you are. However, you would feel it even worse when you move out of the USA because the dollar is so weak now. Though, if you earn in a strong currency, don't sweat it and MOVE TODAY!!! Quoted for truth. |
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