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Oil Price

oil price going higher and higher so money all concentrated in oil exporting countries... that's not good, hope that alternative energy be invented quickly

 

ayoh, can go up 5 USD a day?

metal ore also up, car prices follow suit.

plus ERP price rise, big wok, maintaining car is more expensive than feeding our partner.   

 

At this kind of ridiculous prices, these oil speculators are playing with fire (and they know it but temptation too great for them) and should the commodity bubble burst, they'll be the first to be fried in oil

Snappers      ( Date: 25-Jun-2008 09:44) Posted: breath in breath out...  cool down aledi.... i'm juz feeling for those around the world who are really struggling to survive with the inflation..  sometimes when i watch the news, i see ppl lining up for food, ration, food coupons, etc..  i feel sad..  those are ppl who are really the victims of circumstances..  really pity them... lookcc      ( Date: 24-Jun-2008 23:16) Posted: cool it man......speculators is only one of the many reasons why oil shot up n u r right tt they dun care a damn.

 

The only positive outcome I see out of this - Green Revolution #2 will kick in at this rate.

Start cycling, stop driving.

Switch off aircons, use the fan.

Invest in solar/wind/hydroelectric/tidal/nuclear energy, and other greener alternative energy sources.

'Siam' oil refining firms.

No need to ratify Kyoto Protocol - economics will coerce even the biggest nations to reduce carbon emissions from oil consumption.

But the price to pay - Global inflation, intensified poverty, social/political unrest. It's almost karmic if we consider how much human civilisation has polluted Earth with its use of oil.

Dow's low is 11498. I wonder how much Shell and Exxonmobil are going to earn this year.

 

 

mins after posting...it hit 140.05 ...these oil traders....how come no retribution yet when the globe is in a mess over it and fighting

cyjjerry85      ( Date: 27-Jun-2008 02:26) Posted: Oil hits all-time intraday high of $139.95/barrel as traders seize on dollar decline and comments from OPEC nations on price, supply.

 

Oil hits all-time intraday high of $139.95/barrel as traders seize on dollar decline and comments from OPEC nations on price, supply.

 

dropping oil prices will ease global tension. less demand on neuclear plant leow. temp blood pressure reduced, though with alternative drugs to save cost for those affected, he he.

 

oil is going to break 132 dollar critical support. if it does, score!!!!

 

I sure hope oil futures margin calls kick in. Oil fell almost 3 dollars after the inventory buildup of .8m barrels.

Break $130 for me!

 

 

Oil price dropping due to over supply.Good news

 

colorless anti-radiation lotion???

 

i guess we gotta get ready each a suit which the HAZMAT team wear when they attend to any HAZMAT cases...  the suit can protect us from chemical agents and oso radiation... 

AK_Francis      ( Date: 25-Jun-2008 12:39) Posted: now the worry is the impending building up neuclear plants around us. such a small country, where to take cover in time of radiation's crisis.

 

now the worry is the impending building up neuclear plants around us. such a small country, where to take cover in time of radiation's crisis.

 

breath in breath out...  cool down aledi....

i'm juz feeling for those around the world who are really struggling to survive with the inflation..  sometimes when i watch the news, i see ppl lining up for food, ration, food coupons, etc..  i feel sad..  those are ppl who are really the victims of circumstances..  really pity them...

lookcc      ( Date: 24-Jun-2008 23:16) Posted: cool it man......speculators is only one of the many reasons why oil shot up n u r right tt they dun care a damn.

 

cool it man......speculators is only one of the many reasons why oil shot up n u r right tt they dun care a damn.

 

if only the speculators be brought to task and sent to jail...

pardon me for being blunt and uncouth, but i think oil speculators are bringing the inflation around the globe to another critical level..  they don't give a damn as long as their pockets are stuffed with the money they speculated thru oil..  the inflation problem is getting hot on the wok..  adding on with the high oil prices..  hope that oil speculators will know where to stop.. 

 

Oil experts: Curb speculation to cut prices 

Hedge fund manager, adviser tell Congress crude could drop by half in 30 days if new regulations are implemented.

NEW YORK (CNNMoney.com) -- Near-record oil prices could quickly fall by half if Congress were to rein in speculators, according to testimony Monday from a hedge fund manager and oil company adviser on Capitol Hill.

Michael Masters, of Masters Capital Management, told a subcommittee of the House Energy and Commerce Committee that - with greater regulation - oil prices could drop to $65 or $70 a barrel within about 30 days.

"That's half of where prices are today, and gas prices would reflect that," he said.

Roger Diwan, an adviser to oil companies at Washington, D.C.-based PFC Energy, agreed that regulation could lead to a drop in prices. He said it would take no more than 30 days for speculation in the oil market to decrease and gas prices to fall.

With more regulation, "prices will reflect closer the marginal cost of producing oil," Diwan said.

The testimony came as Congress, reflecting some sentiment among the public, blamed Wall Street traders for record oil and gasoline prices.

 

tis shud be almost similar..........flipping in housing......option to purchase is "futures" n taking possession [TOP already issued] is "spot".

 

erm.... dun really think it answers my query. but thanks anyway... any one else ?

lookcc      ( Date: 24-Jun-2008 20:43) Posted: how about looking at it tis way???......"futures"  r  call warrants  n  "spot" is the px of the share itself today.

 

how about looking at it tis way???......"futures"  r  call warrants  n  "spot" is the px of the share itself today.