That Goldman Sachs prediction of $100 spikes is looking a lot more likely. If there really is a terrorist attack then . . .
I am glad I don't own a dealership selling large SUV's.
Still beats walking!
The days of cheap oil are over. Expensive oil will be the rule from now on.
OK already, start the drilling in ANWAHR !!!!
It is high time we divorced ourselves from the extortion of the OPEC countries.
$60 oil means that alternatives are just a matter of time. $100 oil would the eventual replacement of oil.
Clean coal, nuke, hydrogen, electric, etc. will become affordable, or the research will.
It's coming. There'll be some lucky investors who win big on this one.
ping! Oh boy is this great!!!!
I'm paying more at the pump, but COP is up almost 15% in a month (and split as well). Hard to biatch with that kind of return.
Sounds like speculation to me. All it'll take is for people to NOT use as much, the bubble bursts, and we're back down below $50.00 a barrel again. Oil is one commodity where demand is adjustable, and often adjusts down. Hell, I haven't had to gas up since the middle of May.....and I drive a Firebird. I've just been walking and using a horse more.
We need a RICO investigation of institutional speculators and of the "Peak Oil" movement who they use to help create panic and manipulate public opinion.