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sameu
Intermediate Crude
Joined: Aug 18, 2005
Posts: 529
Location: Belgium, Europe
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 Posted: Thu Jul 03, 2008 9:19 am Post subject: Re: Another Record ($144.53) |
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| misterno wrote: | Oil hits $145.85 and yet nobody on the street cares
Everybody lives on la la land, parking lots full of SUVS, restaurants full of people, nobody ever mentions high price of oil. very few are concerned
I wonder when this is gonna hit the average person's life. Now that is gonna be a quite show to watch |
it's hallucinant
almost like they're living in another dimension
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Hogan
Light Sweet Crude
Joined: Oct 25, 2004
Posts: 1331
Location: Stalag 13
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| Posted: Thu Jul 03, 2008 9:28 am Post subject: Re: Another Record ($145.85) |
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I swear, this has gotta be the fastest moving thread on the board. Maybe that's not a good thing! 
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Now why didn't I think of that? |
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ClassicSpiderman
Heavy Crude
Joined: Mar 16, 2006
Posts: 253
Location: Calgary
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| Posted: Thu Jul 03, 2008 9:29 am Post subject: Re: Another Record ($145.85) |
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| It looks like Simmons is going to win his bet regarding $200 oil after all. |
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anagami
Light Sweet Crude
Joined: Jul 26, 2006
Posts: 1675
Location: Sudavasa Abodes
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| Posted: Thu Jul 03, 2008 10:46 am Post subject: Re: Another Record ($144.53) |
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| Geko45 wrote: | for posterity
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What is the website you posted her, in which you can see the highs?
...I'm searching for the old post.
(Edit) found it
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Forney2008
Heavy Crude
Joined: Apr 16, 2008
Posts: 120
Location: Western PA, USA
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| Posted: Thu Jul 03, 2008 10:55 am Post subject: Re: Another Record ($145.85) |
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| When did another record count electronic trading? I thought it was just based on trading on Nymex from 9:30 to 2:30 P:M? |
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anagami
Light Sweet Crude
Joined: Jul 26, 2006
Posts: 1675
Location: Sudavasa Abodes
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| Posted: Thu Jul 03, 2008 10:58 am Post subject: Re: Another Record ($145.85) |
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| Forney2008 wrote: | | When did another record count electronic trading? I thought it was just based on trading on Nymex from 9:30 to 2:30 P:M? |
...I think it's Brent, which closes only in weekends.
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Sketh
Tar Sands
Joined: Jul 02, 2005
Posts: 60
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| Posted: Thu Jul 03, 2008 12:05 pm Post subject: Re: Another Record ($145.85) |
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| Forney2008 wrote: | | When did another record count electronic trading? I thought it was just based on trading on Nymex from 9:30 to 2:30 P:M? |
More than 80% of Nymex trading is now electronic. |
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Shannymara
Master
Joined: Oct 04, 2004
Posts: 5429
Location: Oklahoma
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| Posted: Thu Jul 03, 2008 1:06 pm Post subject: Re: Another Record ($145.85) |
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Anyone have a good theory on why there's a sudden spike in price right now, late in the day before the long weekend in the US? We're up almost 2 bucks. Thanks in advance.
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dunewalker
Intermediate Crude
Joined: Jun 30, 2005
Posts: 725
Location: northern California
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| Posted: Thu Jul 03, 2008 1:21 pm Post subject: Re: Another Record ($145.85) |
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| Shannymara wrote: | | Anyone have a good theory on why there's a sudden spike in price right now, late in the day before the long weekend in the US? We're up almost 2 bucks. Thanks in advance. |
Shanny, I just noticed that the Dow Jones apparently closed 3 hours early today. Maybe folks started trading oil afterward...
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EnergyUnlimited
Fusion
Joined: May 15, 2006
Posts: 3117
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| Posted: Thu Jul 03, 2008 1:24 pm Post subject: Re: Another Record ($145.85) |
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I love an explanation above.  |
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anagami
Light Sweet Crude
Joined: Jul 26, 2006
Posts: 1675
Location: Sudavasa Abodes
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| Posted: Thu Jul 03, 2008 2:18 pm Post subject: Re: Another Record ($145.85) |
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| Shannymara wrote: | | Anyone have a good theory on why there's a sudden spike in price right now, late in the day before the long weekend in the US? We're up almost 2 bucks. Thanks in advance. |
Aren't all recent spikes before the weekend?
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biofuel13
Heavy Crude
Joined: May 07, 2008
Posts: 240
Location: Chaska, MN
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| Posted: Thu Jul 03, 2008 3:28 pm Post subject: Re: Another Record ($144.53) |
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| chuck6877 wrote: | Does anyone remember my post on 1.421 times the 200DMA appearing to be a ceiling for WTIC?
Well we still haven't surpassed it.
The 200dma is about $103.50 now and when it gets to $105.5 in about 5 days we have the opportunity to hit $150 oil........
I don't think we'll surpass 1.421X200dma though unless it's the blowoff top to begin a correction.....
Chuck |
I remember your earlier post on this and was just thinking about it last nite actually. Thanks for the update it was just what I was looking for.
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Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 214
Location: Federal City, USA
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| Posted: Thu Jul 03, 2008 7:07 pm Post subject: Re: Another Record ($145.85) |
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misterno wrote:
| Quote: | Oil hits $145.85 and yet nobody on the street cares
Everybody lives on la la land, parking lots full of SUVS, restaurants full of people, nobody ever mentions high price of oil. very few are concerned |
That's the question on everybody's mind. But, understandably, most people don't care because they don't know, and don't know because they don't care.
Pretty soon though they're gonna care, and then they'll be forced to know.
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Laurasia
Intermediate Crude
Joined: Jul 10, 2004
Posts: 533
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| Posted: Thu Jul 03, 2008 11:37 pm Post subject: Re: Another Record ($145.85) |
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I was looking around the news to try to explain the upswing in price and the only thing I could come up with is Tropical Storm Bertha. That's still on the other side of the Pond so if it follows the usual course, oil prices will be skyrocketting by the time it gets over here.
regards,
L. |
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Laurasia
Intermediate Crude
Joined: Jul 10, 2004
Posts: 533
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| Posted: Thu Jul 03, 2008 11:42 pm Post subject: Re: Another Record ($145.85) |
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| Whoops! they're already talking about that next door in the Hurricane/Typhoon thread! |
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