PDA

View Full Version : Oil surges to match record on dollar

medbiller777
November 20th, 2007, 05:51 PM
Oil jumped more than 4 percent on Tuesday to match an all-time high of $98.62 per barrel, bolstered by record weakness in the dollar and concerns over tight supply heading into winter.

http://www.reuters.com/article/hotStocksNews/idUSSP21758220071120

I think we're going to be seeing $4.00/gal very soon.
HisAlways
November 21st, 2007, 02:40 PM
Until the country starts cutting back, there is no reason for the prices to come down.

How high does it have to get before our spoiled citizenry says "I won't pay it", and stay home. (other than necessary, of course)
CelticMist
November 21st, 2007, 02:53 PM
http://www.reuters.com/article/hotStocksNews/idUSSP21758220071120

I think we're going to be seeing $4.00/gal very soon.
Rumor has it that we will see $6.00 by February. $4.00 by Christmas!!!
jds6958
November 21st, 2007, 03:02 PM
Rumor has it that we will see $6.00 by February. $4.00 by Christmas!!!

That is what I have been thinking as well, but that is just personal speculation...I was thinking 5-6 more around summer though...Feb. seems early...but these markets have been moving fast lately...