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LGW
Tar Sands
Joined: Aug 31, 2005
Posts: 23
Location: Sweden
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 Posted: Fri May 09, 2008 7:04 am Post subject: Re: Another Record ($124.61) |
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Above $125 ?!?!?
hahahahaha. I expected this kind of run around 2010. And even then, I thought i was being a bit pessimistic.
Prepare for D O O M |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4375
Location: Minneapolis, MN
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| Posted: Fri May 09, 2008 7:16 am Post subject: Re: Another Record ($124.61) |
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| biofuel13 wrote: | | Armageddon wrote: | | Anybody want to take a guess at how long this financial system can last with oil at $120.00 + ? 12 months is my guess, before you see failure at many levels. |
I am in complete agreement Armageddon. About a year from now we will begin to see the entire economic system unraveling before our eyes. However, I also think that within 6-8 months the downward spiral will start to become so blatant that social unrest may preempt financial collapse. |
So gas goes to $6 gal and food price increases a lot more, it will still be business as usual, at least in the 1st/ 2cd rings burbs around here. We will still see all kinds of SUV's and trucks tool'en around as normal. |
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DoomWarrior
Heavy Crude
Joined: May 06, 2008
Posts: 292
Location: Omicron Ceti 3
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| Posted: Fri May 09, 2008 7:23 am Post subject: Re: Another Record ($124.61) |
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| lowem wrote: | Another day, another record. Or two. Or three.
$130, here we come. |
Something to look forward to for next week. |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3632
Location: Minniesotuh
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| Posted: Fri May 09, 2008 7:29 am Post subject: Re: Another Record ($124.61) |
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$125.26 @ 7:28 am CT.
_________________
"RRrrruuuunnnn!!!" ~Apocalypto |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4375
Location: Minneapolis, MN
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| Posted: Fri May 09, 2008 7:31 am Post subject: Re: Another Record ($124.61) |
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| Ferretlover wrote: | | $125.26 @ 7:28 am CT. |
Your ferret is starting to look worried.......... |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4449
Location: Southwest WI
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| Posted: Fri May 09, 2008 7:40 am Post subject: Re: Another Record ($124.61) |
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We need some sort of live updating ticker on these pages??? This price is changing so fast its hard for whoever to update 
_________________
"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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DoomWarrior
Heavy Crude
Joined: May 06, 2008
Posts: 292
Location: Omicron Ceti 3
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| Posted: Fri May 09, 2008 7:45 am Post subject: Re: Another Record ($124.61) |
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| frankthetank wrote: | | We need some sort of live updating ticker on these pages??? This price is changing so fast its hard for whoever to update |
Live update with graph showing upward climb. |
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pup55
Expert
Joined: May 26, 2004
Posts: 3692
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| Posted: Fri May 09, 2008 7:52 am Post subject: Re: Another Record ($124.61) |
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| Quote: | | So gas goes to $6 gal and food price increases a lot more, it will still be business as usual |
Sorry if this is a distraction to this tracking thread, mods feel free to move it.
I had a friendly conversation with a rather well-dressed middle aged female yesterday morning at the gas pump, out here in suburbia. After chatting her up a bit, complimenting her on her fragrance, thus getting her to give me a shy smile, we started talking about the gas prices.
I made some comment to the effect that the gas price is high because it can be. We are still driving even though the price is high. I asked her "at what gas price would you quit driving" and she just shook her head. "I have to drive everywhere. I drive to work, I drive to shop, I will keep driving no matter how high the price gets"
There you have it. |
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vision-master
Fusion
Joined: May 18, 2006
Posts: 4375
Location: Minneapolis, MN
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| Posted: Fri May 09, 2008 7:59 am Post subject: Re: Another Record ($124.61) |
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| pup55 wrote: | | Quote: | | So gas goes to $6 gal and food price increases a lot more, it will still be business as usual |
Sorry if this is a distraction to this tracking thread, mods feel free to move it.
I had a friendly conversation with a rather well-dressed middle aged female yesterday morning at the gas pump, out here in suburbia. After chatting her up a bit, complimenting her on her fragrance, thus getting her to give me a shy smile, we started talking about the gas prices.
I made some comment to the effect that the gas price is high because it can be. We are still driving even though the price is high. I asked her "at what gas price would you quit driving" and she just shook her head. "I have to drive everywhere. I drive to work, I drive to shop, I will keep driving no matter how high the price gets"
There you have it. |
Just think of those CC companies. No moola for gas - charge it until the card is cut-off due to non-payment. |
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ohcomeon
Heavy Crude
Joined: Jun 10, 2006
Posts: 122
Location: USA
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| Posted: Fri May 09, 2008 8:28 am Post subject: Re: Another Record ($124.61) |
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MSNBC says 126.21 for an intraday record, again.
Depending on which news outlet you choose, it could be speculation, weak dollar, or supply concerns. And even that changes by the hour within the same outlets... |
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ohcomeon
Heavy Crude
Joined: Jun 10, 2006
Posts: 122
Location: USA
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| Posted: Fri May 09, 2008 8:37 am Post subject: Re: Another Record ($124.61) |
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| ohcomeon wrote: | MSNBC says 126.21 for an intraday record, again.
Depending on which news outlet you choose, it could be speculation, weak dollar, or supply concerns. And even that changes by the hour within the same outlets... |
Well, I was gonna quote myself and say Whew, I feel better oil is back down to 125.51 as I type, but then MSNBC says oil traders expect 140-150 by next Thursday or so...
I gotta get up and work now, but anybody know why next Thursday may be significant. I missed that. |
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Ferretlover
Moderator
Joined: Jun 13, 2007
Posts: 3632
Location: Minniesotuh
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| Posted: Fri May 09, 2008 8:43 am Post subject: Re: Another Record ($124.61) |
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That's going to put a crimp in summer travel.
I wonder how much of an effect (affect?) this will have on other areas of the economy if people don't buy as much extra gas wanted for summer travel?
_________________
"RRrrruuuunnnn!!!" ~Apocalypto |
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eXpat
Intermediate Crude
Joined: Jun 08, 2006
Posts: 971
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| Posted: Fri May 09, 2008 8:47 am Post subject: Re: Another Record ($124.61) |
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$125.61 now Oil price.net. mission accomplished this week, we have $125
_________________
Stocking up on popcorn |
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whereagles
Intermediate Crude
Joined: Aug 17, 2005
Posts: 580
Location: Portugal
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| Posted: Fri May 09, 2008 9:04 am Post subject: Re: Another Record ($124.61) |
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| Records being broke every minute. We need mods to take turns round the clock, so as to keep this thread's title updated |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3420
Location: Oh really?
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| Posted: Fri May 09, 2008 9:07 am Post subject: Re: Another Record ($124.61) |
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| Ferretlover wrote: | That's going to put a crimp in summer travel.
I wonder how much of an effect (affect?) this will have on other areas of the economy if people don't buy as much extra gas wanted for summer travel? |
it will have a huge effect and nothing can affect that effect.
_________________
"It's not demand; It's not supply.
It's coming up with credit to buy"
10-Oct-2008
Schultz: I see NOTHING! I know NOTHING!
md@peakoil.com |
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