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Thread: $100.00 a barrel oil

  1. #31
    Join Date
    May 2005
    Location
    N.E.Ohio
    Posts
    22,006
    Quote Originally Posted by Doodler View Post
    Ack, alright, my mistake...saw the orange box and thought it was more recent...
    Yep; I hate that. They take an older article and either don't date it, or date it as of it's last update, and don't change the time references.
    Here's a good example...
    TV Conversion Coupons Available Next Week
    WASHINGTON -- Millions of $40 government coupons become available Tuesday
    Yesterday or next week?

    Yeesh, I hate this time of year. Never fails that I'll walk out the door and hear someone say "See you next year" and almost walk into a wall in confusion.
    Just like about a month ago, a local furniture store was advertising no payments until 2008.

  2. #32
    Join Date
    Mar 2006
    Posts
    1,669
    Yep. We touched $100 today. It doesn't help to say that it will probably fall back because the economy is nearing recession. Out of the frying pan and into the fire.

  3. #33
    Join Date
    Jul 2004
    Posts
    2,287
    more bad news

    At the pump, gasoline prices added a penny overnight, rising to an average of $3.152 from $3.142
    according to AAA and the Oil Price Information Service. At this time last year, drivers were paying an average of just $2.37 a gallon. Industry observers say prices will top last May's peak of $3.23 a gallon as stations begin to switch to more expensive summer-grade fuel.
    Bernanke signals another rate cut

    The pound is poised to breach the psychologically significant $2 mark, while the dollar has dipped below key support levels against the yen to sink to Y106.22.

    US recession fears raise oil prices

  4. #34
    Join Date
    Jun 2006
    Posts
    7,157
    Yep. We touched $100 today. It doesn't help to say that it will probably fall back because the economy is nearing recession. Out of the frying pan and into the fire.
    Excellent news. The fact that people are bidding up oil prices means that they don't think the U.S. is heading for a severe recession. Of course they could be wrong, but it is a good sign.

  5. #35
    Join Date
    Jul 2004
    Posts
    2,287

  6. #36
    Join Date
    Jul 2003
    Posts
    4,330
    And the burning question is will millions of
    feet stroke those pedals a little more gently?

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