Another Record ($147.27)

Shannymara · Posted: Mon Jun 30, 2008 5:27 pm Post subject: Another Record ($147.27)

Continued from the old thread here:

http://www.peakoil.com/fortopic31981-2565.html

Please use this thread to post and discuss crude oil record prices.
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FireJack · Heavy Crude Joined: Mar 16, 2005 Posts: 456

For the record the current price of oil is $140.20. Lets see where it goes by the time this thread becomes too large.

Shannymara · Posted: Mon Jun 30, 2008 5:38 pm Post subject: Re: Another Record ($143.67)

Good idea, FireJack. The last thread went from:

$76.70 on 8 September 2007

to:

$143.67 on or about 30 June 2008.
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MD · Posted: Mon Jun 30, 2008 5:40 pm Post subject: Re: Another Record ($143.67)

TWilliam · Light Sweet Crude Joined: Nov 28, 2004 Posts: 1750

I really don't see why it's necessary to split this into a second thread, but at least posting this will keep it on my 'View Your Posts' list... Laughing

(Didn't think to do so when the Housing Crash thread was split and I completely lost track of the discussion... )
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anagami · Posted: Mon Jun 30, 2008 7:26 pm Post subject: Re: Another Record ($143.67)

ah... I wanted to quote but since it's locked, I've to quote manually:

Shannymara · Posted: Mon Jun 30, 2008 7:31 pm Post subject: Re: Another Record ($143.67)

I'll tell you the truth, TWilliam. There was a lot of off topic political discussion in the old thread. I can't split them when they get that long because they crash my browser (the whole thing tries to load in one page).

I'd appreciate it if folks would take the recent tangent about the US government to a new thread, because it's really off topic here. Thanks in advance. I apologize for the inconvenience caused by locking the old thread.

Now, back to discussing record crude oil prices! I'm sure we'll see more of those soon... Smile

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DantesPeak · Posted: Mon Jun 30, 2008 9:29 pm Post subject: Re: Another Record ($143.67)

Only three trading days left for that $150 oil by July 4 prediction by a major broker to come true.
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Revi · Fusion Joined: Apr 25, 2005 Posts: 3455 Location: Maine

I don't think it will hit $150 this week. Holding $140 is pretty good. Isn't that about double what it was last year? That price will wreak some havoc.

We're going to see these high oil prices ripple through the economy soon.
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lowem · Posted: Mon Jun 30, 2008 11:12 pm Post subject: Re: Another Record ($143.67)

lowem · Posted: Mon Jun 30, 2008 11:15 pm Post subject: Re: Another Record ($143.67)

lowem · Posted: Tue Jul 01, 2008 12:05 am Post subject: Re: Another Record ($143.67)

We just went over $141.

Now that I have actual money directly (sorta) in the game ... GO GO GO !!! Laughing

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lowem · Posted: Tue Jul 01, 2008 3:30 am Post subject: Re: Another Record ($143.67)

Just went over $142 this Tuesday evening, Singapore time, and then promptly dropped back down to $141. Looks like we're into another phase of consolidation around these levels.
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frankthetank · Posted: Tue Jul 01, 2008 5:31 am Post subject: Re: Another Record ($143.67)

$142.45 according to 321... Let the good times roll.
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Sketh · Tar Sands Joined: Jul 02, 2005 Posts: 60

IEA Medium-Term Oil Market report has added support. The agency is now publicly expressing doubts about KSA. Financial Times (subscription may be required)