Oil back up over 5 today . . .

Cashmere · Light Sweet Crude Joined: Mar 27, 2008 Posts: 1971

You have gotta love the old gal! You just can't keep her down.

Man, this has really got to piss off the "it's a bubble" crowd. Just when they thought they heard the faint hissing of deflation, they realize that the sound they heard was the big man drawing in another huge breath, during which draw some slight deflation took place.

Soak it up DSEs.
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.

socrates1fan · Heavy Crude Joined: Jun 04, 2008 Posts: 284

Gas prices will go down occasionally and in a temporary fashion but continue to rise.
People can't seem to let go of the cheap gas days.

RonMN

I LOVE the avatar Cashmere!

Who's the ultra skinny one on the right? Laughing

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Quis custodiet ipsos custodes.

socrates1fan · Heavy Crude Joined: Jun 04, 2008 Posts: 284

cipi604

It's a bubble for sure, but still inflating to the maximum. It's going to burst in a few... years or so. After that , you'll be paid to use oil.

Denny

Dan Bernanke must be pissed. After he worked so hard developing just the right words, just the right inflections for his sales pitch to convince the world that he REALLY meant it this time, not like the other 25 times in the past, when he said that strengthening the U.S. dollar would be his prime task, reining inflation back in.

misterno

Something is not right

How come oil and stock market be up at the same time and so much? Markets getting crazy. Signs of PO Smile

Denny

heroineworshipper

Funny how every time oil starts to fall, Dubya says "Can't let Iran have nukes" or something similar.
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People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.

emersonbiggins

Denny is right. Wal-Mart sales are up 4% YOY, but inflation is running right there with it, if not exceeding it by a couple of percent. If you use government indicators for inflation, it still looks like the economy is "remarkably resilient." Those of us out here in reality are seeing things a bit different, though.
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"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin

SoylentGreen · Heavy Crude Joined: May 25, 2008 Posts: 168

thats Ben Bernake not Dan and he inherited a bowl full of feces.
Inflation 4-5%???? with gasoline up 160% in 4 years? the Government accounting is way more creative than the worst big business scams in history.WorldCom, HealthSouth, Tyco, Enron....

3aidlillahi

kokoda · Heavy Crude Joined: Aug 24, 2006 Posts: 441

Any price fluctuations will just add a few bumps to the curve.

yull

I see the boogeyman today is the falling dollar, even though it only fell 1% while oil rose some 5%.

Perhaps the profit taking is over, the market is finishing taking a breath before the next rally up up and away....

bkwillia · Tar Sands Joined: Aug 20, 2007 Posts: 70

The economic data keeps indicating that America is not down and out yet. We are still consuming 99% of the oil we did last year. Money is being distributed and spent at sufficient rates to make investing and growth profitable. It may be a house of cards, but its still standing.