Oil Hits $70+ a barrel!

[klhoard]

. . .<snip >. . We're talking about the price of a widely traded commodity, a price set in an open, non-monopoly market. . . .<snip>. . .

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Apparently the oil companies have been able to make their own monopoly by tightening the refinery situation. Nothing will happen until gas prices are up around $4 per gallon.
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I'm sure the oil companies never wanted prices to jump this quickly, but very slowly - like boiling a frog in a pot of water.
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[73-Driver]

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.
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Apparently the oil companies have been able to make their own monopoly by tightening the refinery situation. Nothing will happen until gas prices are up around $4 per gallon.
.
.
.
I'm sure the oil companies never wanted prices to jump this quickly, but very slowly - like boiling a frog in a pot of water.
.
.
.

Could not agree with you more!

 

[jetflyer]

73-Driver,

Nice Avatar. It's hilarious

Jet

 

[I.P. Freley]

Crude oil prices jump to 70 dollars per barrel!

And concert T-shirts available on U2's current tour are $35!

Let's see... Two shirts I'll never wear or a barrel of crude? Hmmm....

 

[Snapshot]

I'm not comparing oil to slavery, just tired of hearing the "as long as you're making as much money as possible, you're a great industry" guy. Personally, until the price of gallon of gas rises above the cost of a gallon of bottled water or better yet a gallon of Starbucks, I can't get too upset. The market will correct itself,.......who knows, maybe air travel will once again be a luxury of people who can afford it and not the "right" of the masses.

 

[hammer2]

Bump...

 

[Daddy]

Nice thread revival!

 

[pilotyip]

and it dropped below $40/brl in the spring of 2009, a great buy at the time

 

[Bake]

Peak Oil is almost here. .