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Peakoil.com :: View topic - Another Record ($143.67)
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Another Record ($143.67)
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Troyboy1208
Intermediate Crude
Intermediate Crude


Joined: Apr 26, 2006
Posts: 513
Location: Orlando FL

PostPosted: Sun Oct 14, 2007 10:38 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

There is so much to worry about that its overwhelming. I was hoping most of this stuff wouldnt get bad till im an old man...I guess thats not the case. Unfortunately climate change and peak oil are going to define my life.
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pstarr
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Joined: Sep 27, 2004
Posts: 7089
Location: Behind the Redwood Curtain

PostPosted: Sun Oct 14, 2007 11:11 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

dohboi he was being sarcastic I believe.
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sirrom
Heavy Crude
Heavy Crude


Joined: Feb 08, 2007
Posts: 197
Location: England

PostPosted: Mon Oct 15, 2007 4:23 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Light Sweet Crude Oil 05:00 am
$84.19 $0.28 0.333% 6085 (vl)

still going strong
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sirrom
Heavy Crude
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Joined: Feb 08, 2007
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Location: England

PostPosted: Mon Oct 15, 2007 4:37 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

$84.33


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lowem
Light Sweet Crude
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Joined: Jul 19, 2004
Posts: 1172
Location: Singapore

PostPosted: Mon Oct 15, 2007 4:58 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

NYMEX crude oil is hitting new record highs every minute now.

...

$84.40
$84.48
$84.63
$84.65
$84.79
$84.84

...
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lowem
Light Sweet Crude
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Joined: Jul 19, 2004
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PostPosted: Mon Oct 15, 2007 5:01 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

...

$84.89
$84.95
$84.98

...
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lowem
Light Sweet Crude
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Joined: Jul 19, 2004
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Location: Singapore

PostPosted: Mon Oct 15, 2007 5:02 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

...

$84.99

...
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lowem
Light Sweet Crude
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Joined: Jul 19, 2004
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PostPosted: Mon Oct 15, 2007 5:03 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

... $85.19

Welcome to $85 oil.
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Leanan
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Joined: May 20, 2004
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PostPosted: Mon Oct 15, 2007 5:17 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Okay, on Friday, they said:

Quote:
The cost of oil used by U.S. refiners averaged $37.48 a barrel in March 1981, according to the Energy Department, or $84.73 in today's dollars.


So, does breaking $85 mean we finally have a new inflation-adjusted all-time high?
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simontay78
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Joined: May 01, 2006
Posts: 188
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PostPosted: Mon Oct 15, 2007 5:18 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Lowem!! I knew you will be here!! Smile

Another look at the spike



L
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http://sgenergycrisis.blogspot.com/2008/06/free-live-crude-oil-prices-nymex.html
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dukey
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PostPosted: Mon Oct 15, 2007 5:27 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Nymex Crude Future 84.88

record ?
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lowem
Light Sweet Crude
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Joined: Jul 19, 2004
Posts: 1172
Location: Singapore

PostPosted: Mon Oct 15, 2007 5:40 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Leanan wrote:
Okay, on Friday, they said:

Quote:
The cost of oil used by U.S. refiners averaged $37.48 a barrel in March 1981, according to the Energy Department, or $84.73 in today's dollars.


So, does breaking $85 mean we finally have a new inflation-adjusted all-time high?


Probably. But it's also as likely that they will now start to claim that it was $90 in today's dollars. In fact, I've come across the $90 figure before - way before.

Reminds me of an old accountant joke, only now it goes like this :

Q : What was the price of oil in March 1981 in today's dollars?
A : What do you want it to be?
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julianj
Intermediate Crude
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Joined: Sep 30, 2004
Posts: 975
Location: On one of the blades of the fan

PostPosted: Mon Oct 15, 2007 6:43 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Today on the BBC it said oil had hit $85 (didn't say which marker).

The reason was - hold on to your britches - "Tensions in the Middle East".

They never tire of that one, do they?
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julianj
Intermediate Crude
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Joined: Sep 30, 2004
Posts: 975
Location: On one of the blades of the fan

PostPosted: Mon Oct 15, 2007 6:45 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Whoops, pipped at the post! And hello to Lowem - not seen you around for a while (mind you, I'm not here as much as I used to be).
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Leanan
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Joined: May 20, 2004
Posts: 4533

PostPosted: Mon Oct 15, 2007 7:42 am    Post subject: Re: Another Record Add User to Ignore List Reply with quote

Turkey shelled a Kurdish town in Iraq last night. I think it was a reminder that even if Iraq is divided into three separate countries, it won't reduce the violence.
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