Oil Speculation, one man drives Oil to $100

Brock Landers · Jan 3, 2008

http://news.bbc.co.uk/2/hi/business/7169543.stm

This is the kind of bullshit going on that pisses me off, its not realistic supply and demand! its speculation

buddyboy · Jan 3, 2008

I'm sure the guy was trying to trigger some stops... look at it this way, oil is finally back up to 1982-83 prices.

bellyputter · Jan 3, 2008

I hope it goes to $200!

Brock Landers · Jan 3, 2008

bellyputter said:
I hope it goes to $200!

why? The world will be in total chaos and the VAST Majority of the people won't be able to spend money on other things due to the price of gas being so high.

i tell you, the next J Paul getty, Bill Gates, Thomas Edison, will be the one who figures out a way to ELIMINATE gas as the fule to run cars and airplanes....And Fuck Ethanol, that shit is VERY bad for the environment, and not to mention about 1/3 as efficeint as gas.

arniesarmy · Jan 3, 2008

Brock Landers said:
why? The world will be in total chaos and the VAST Majority of the people won't be able to spend money on other things due to the price of gas being so high.

i tell you, the next J Paul getty, Bill Gates, Thomas Edison, will be the one who figures out a way to ELIMINATE gas as the fule to run cars and airplanes....And Fuck Ethanol, that shit is VERY bad for the environment, and not to mention about 1/3 as efficeint as gas.

Anybody that does that will be taken out Soprano style within five minutes...oil money fuels the powerbrokers in this great country of ours

teazeman · Jan 3, 2008

· Future Chains · · Watch Lists · · Exchange Info ·

Energy Commodities at 11:09 AM CST
Contract Last Trade Change Bid Ask TR Time Volume

February 2008 CRUDE OIL R NYMEX (Chart) 100.00 +0.38 10:38:46 AM 227099
February 2008 CRUDE OIL E NYMEX (Chart) 99.92 +0.30 99.91 99.93 10:39:32 AM 115067
February 2008 HEATING OIL #2 R NYMEX (Chart) 2.7190 -0.0214 09:37:20 AM 31645
February 2008 HEATING OIL E NYMEX (Chart) 2.7443 +0.0039 2.7435 2.7443 10:39:24 AM 13005
February 2008 PROPANE R NYMEX (Chart) 1.6175 * +0.0125 10:37:40 AM 1
February 2008 NATURAL GAS R NYMEX (Chart) 7.860 +0.010 10:37:52 AM 68553
February 2008 NATURAL GAS E NYMEX (Chart) 7.888 +0.038 7.886 7.889 10:39:32 AM 25680
February 2008 RBOB GASOLINE E NYMEX (Chart) 2.5545 -0.0144 2.5546 2.5553 10:39:18 AM 11452
February 2008 RBOB GASOLINE R NYMEX (Chart) 2.5530 -0.0159 10:37:18 AM 28894

Comprehensive energy market information is available by subscription.

been in this business a long time and i've never seen 100.00 per barrell crude, wanted to give you guys a screen shot.

buddyboy · Jan 3, 2008

the EURUSD is close to $1.50, naturally this will effect the price of oil... how long before they switch oil over to euros???

levistep · Jan 3, 2008

Brock Landers said:
http://news.bbc.co.uk/2/hi/business/7169543.stm

This is the kind of bullshit going on that pisses me off, its not realistic supply and demand! its speculation

Speculation helps level out prices.