Peak Oil News
Pro4xMentor.com

 
  Login or Register
 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forums Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Gear
 Members
 Your Account
 Members List
 Ignore List
 JOIN!
 Private Messages
 
Light Sweet Crude Oil
 
google
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Member Quotes
Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

smallpoxgirl

Suggest Quote
 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
Oil price surge defies forecasters
Business News; Market ResearchAs crude-oil futures climbed above $51 a barrel this week, analysts threw up their hands and wondered why.

"None of the historical correlations analysts have used - inventories primarily for oil, storage for natural gas, natural-gas and oil prices for rig counts -- work," said Jim Wicklund, managing director of energy research at Banc of America Securities.

"No one can really explain, with anything but a very broad brush, why crude oil prices are as high as they are."


CBS
Posted on Saturday, February 26 @ 08:03:49 PST by stu
 
Related Links
· More about Business News; Market Research
· News by stu
Most read story about Business News; Market Research:
OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES
 
Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad
 
Options

 Printer Friendly Printer Friendly

 Send to a Friend Send to a Friend
 
"Login" | Login/Create an Account | 2 comments | Search Discussion
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Re: Oil price surge defies forecasters (Score: 1)
by julianj (big_ouch@planetearth.org) on Saturday, February 26 @ 09:38:07 PST
(User Info | Send a Message)
"Nobody can explain"

Huh? Take your head out of the sand, CBS

Re: Oil price surge defies forecasters (Score: 1)
by killJOY on Saturday, February 26 @ 13:30:20 PST
(User Info | Send a Message)
I GOT A HINT FOR THEM.

Atom News FeedRSS 1.0 News FeedRSS 2.0 News FeedRSS Forums Feed