Posted on 07/06/2009 2:00:51 AM PDT by RobinMasters
The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.
The instability of oil and gas prices is puzzling government officials and policy analysts, who fear it could jeopardize a global recovery. It is also hobbling businesses and consumers, who are already facing the effects of a stinging recession, as they try in vain to guess where prices will be a year from now — or even next month.
A wild run on the oil markets has occurred in the last 12 months. Last summer, prices surged to a record high above $145 a barrel, driving up gasoline prices to well over $4 a gallon. As the global economy faltered, oil tumbled to $33 a barrel in December. But oil has risen 55 percent since the beginning of the year, to $70 a barrel, pushing gas prices up again to $2.60 a gallon, according to AAA, the automobile club.
“To call this extreme volatility might be an understatement,” said Laura Wright, the chief financial officer at Southwest Airlines, a company that has sought to insure itself against volatile prices by buying long-term oil contracts. “Over the past 15 to 18 months, this has been unprecedented. I don’t think it can be easily rationalized.”
(Excerpt) Read more at nytimes.com ...
Markets get whacked tomorrow. Not looking good.
commods getting smoked, too.
http://www.bloomberg.com/markets/commodities/cfutures.html
one word -> manipulation
http://www.weeklystandard.com/Content/Public/Articles/000/000/016/588tpmuu.asp
6. The house should pass every conceivable energy measure such as drilling in Anwar, drilling offshore and around Florida etc. providing for refineries, providing for nuclear power plants and let the Democrats and the Rinos oppose them and create a climate in which the people can direct their rage about gas prices at the Democrats.
[img]http://www.dallasdrivers.org/gallery/d/28112-2/IMG_4211.JPG[/img]
1998 Honda Pacific Coast PC800 motorcycle.
Fixed it.
We should be drilling and building refineries, Instead we are not drilling and we are closing refineries.
I suppose that makes sense to Democrts, but it’s end result will raise energy costs. Which appears to be their goal.
Gee, I guess it’s time to take over the oil companies Mr. Chave...er...I mean, Mr Obama.
True, but we didn’t exactly force a change when we had the chance!
The system is being fed uppers and downers. It’s in cardiac arrest.
vs. < > on FR.
...or do you mean EVERYONE ELSE uses the square brackets, and FR is the odd one out? I usually don't examine the page source anywhere else...
Cheers!
Even if you change from square brackets to the HTML type brackets, it still won’t parse properly. Try it. You have to do the full HTML code for embedding
Damn near every other forum, BBS, or related site on the internet uses the VBB-type code - where you stick a tag in square brackets before and after the URL and it parses it automatically. FR is the only major site (that allows object embedding) I’ve run across in years that *doesn’t* do this.
In addition, FR is the only major site that allows includes that doesn’t use VBB tags for text formatting. Or smilies. Or anything else.
For an example of how they work, go on over to FinalGear.com and enter their forums. Check out how much easier it is to embed a pic, or add a URL, or format text there.
Now, here’s the Wikipedia page on the BBcode system, which is almost identical and is free for anyone to implement.
http://en.wikipedia.org/wiki/BBCode
Which then makes one wonder why we have never done it here.
Most importantly, adding BBcode items to the middle of a post, unlike on FR, doesn’t mean that in order to preserve your paragraph structure you have to go back through your entire post and add paragraph or line breaks.
LLS
Dude, for that price, its hot or broke. Which is it?
Would you like some cheese for that whine? ;^)
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