Oil closer to $100 on Nigeria violence »
Posted By STONERS 1 year, 10 months ago in Business & FinanceOil prices jumped sharply Wednesday, once again approaching $100 a barrel on supply concerns sparked by renewed violence in Nigeria and a warning that OPEC may not be able to meet its share of global oil demand by 2024.
Read Full Story at news.yahoo.com »
436 Views Share Story 23 Comments Report
Submitted By:
STONERS
Welcome to my profile...I've started a ""STONERS Daily News Group"" Please stop by and have a look and join if you like it ...
Who Also Submitted:
Other Related Articles:
Why not submit a story?
RSS Join the Discussion
+ Add CommentComments So Far: 54 (view all)
-
Neutral
STONERS1 year, 10 months ago
This comment is below the standard viewing threshold View It »
"Bands of armed men invaded Port Harcourt, the center of Nigeria's oil industry Tuesday, attacking two police stations and raiding the lobby of a major hotel. Four policemen, three civilians and six attackers were killed. The Niger Delta Vigilante Movement claimed responsibility for the attack."
Reply -
-
-
-
-
Neutral
saneman1 year, 10 months ago
This comment is below the standard viewing threshold View It »
Cheer up people. Its only going to get a lot worse. If possible, scrap the gas guzzling vehicles you have and buy a hybrid or hopefully wait until the hydrogen fuel cell vehicles hit the market later this year. We all need to change our way of thinking. Bigger is not best in regards to SUV's or pickup trucks. Lucky for me, I live in the largest E-85 fuel state. There are over 500 E-85 stations, all of which happened quite rapidly. Many people have said that the change over to Hydrogen fuel cells would take time and money. Well, that's not what happened with E-85 fuel. Hopefully, the independently owned stations will changeover rapidly to hydrogen fuel cells beginning this year, becase Japan is introducing its hydrogen fuel cell cars on the market this year. We are being held hostage by Big Oil and we need to make efforts to leave them behind.
Reply-
Neutral
IcCaRus1 year, 10 months ago
This comment is below the standard viewing threshold View It »
im all for alternative fuels, but before you start singing the praises of corn based ethanol, understand this...
yes, you may use less imported oil, which is definately a good thing.... and you may THINK thats saving you money, but those savings will be eaten up by the rising costs of many, many other products...
because of ethanol production there are record demands for corn, as we all know supply/demand drives price... the price of corn is climbing... obviously an ear of corn will cost more, but so will beef, because beefcows are fed corn... cereal may hit $7 a box. look for vegetable oil to go up too.. get the picture? the $$ you save on gas will just be spent on other things...
the solution for ethanol is hemp. all the scientists say that corn is a very poor fuel source, and that hemp is ideal (something to do with cellulose content) its easier to grow, and uses far less water. AND its doesnt drive up the prices of all those corn based products.
Reply
-
-
-
Neutral
Justice4All1 year, 10 months ago
This comment is below the standard viewing threshold View It »
After the warnings of the 1970's we should have weened ourselves off oil by 1990. But it didn't happen. And it won't happen this time either. We will always choose the cheapest route. When oil hit's 150-175 dollars per barrel we will start the oil from coal projects.
Reply -
-
-
Neutral
IcCaRus1 year, 10 months ago
This comment is below the standard viewing threshold View It »
no oil imports in america after 2009? hey, nothing sounds better than that to me, but 2009? thats YEARS ahead of when we can REALISTICALLY free ourselves of imported oil. but let me guess, as long as YOUR state stops using imported oil by then (which it most definately will NOT) the hell with the rest of us right?
Reply
-
-
Neutral
Harbeas1 year, 10 months ago
This comment is below the standard viewing threshold View It »
Someone is getting mighty rich with this and isn't the average Joe who is paying up the nose for oil. Where is this infinite supply of oil that the misguided people are saying. It doesn't exist in an infinite supply! We must elect people who will put the highest priority on developing alternate energy sources and do it now before this situation becomes untenable(and it will).
Reply -
Neutral
Cityslicker1 year, 10 months ago
This comment is below the standard viewing threshold View It »
Enron-ish Trading , keep supply low and prices up .
Alternative Fuel is more of a SCAM than the Oil Prices , all cost more to produce or are deadly or the source that is used to produce it , corn for one , will be bought from foreign sources a well , no win for the general public , only fools (or those whom stand to profit from them) push AF (alternative fuels) .
Every time the Stock Market falls Oil Commodities rise , hmmmm , Consumers didn't buy this Season , Housing is down , but look what is up , making it both ways Heating Oil and Gasoline .
S.O.S.,S.O.S.a.D.
We have paid for Katrina , Christ , lower the prices .
The Saints are playing football , so everything must be fine , don't tell me they would put a Football team ahead of rebuilding !
Reply -
Neutral
mailguy27231 year, 10 months ago
This comment is below the standard viewing threshold View It »
time to lower the price of foreign oil i think a barrel of oil should be about 1 bushel of wheat,corn or soybeans we could use our domestic reserves till that price is agreed upon or let them eat their oil. Ihear it goes well over sand
Reply-
-
Neutral
IcCaRus1 year, 10 months ago
This comment is below the standard viewing threshold View It »
Mialguy, ive been saying for years that the four leading wheat producers should form WPEC. then we tell the arabs, no more money.. we'll trade you a bushel of wheat for a barrel of oil. oh, you dont like that deal? wellll, tell ya what, if we HAVE to, we can ride horses again and heat our homes with fireplaces, but never in a million years will you be able to eat sand or drink your oil...... call us when youre hungry!
Reply
-
-
-
-
-
Neutral
NoWayMan1 year, 10 months ago
This comment is below the standard viewing threshold View It »
that shouldn't be too hard since it means she's promising to bring gas prices down to what they were in April 2004.
avg. price in the US on 12/31/07 was $3.28/gal
40% x $3.28 = $1.31
$3.28 - $1.31 = $1.97
the avg. price in the US on 04/12/04 was $1.97/gal
so, its obviously do-able - just like the price of your house, thats falling back to its april 2004 price as well.
but I still ain't voting for her.
note: these are prices for premium gas.
note: when bush took office the avg. price in the US was $1.66/gal, which means gas prices have gone up approx. 100% under bush.
http://www.eia.doe.gov/emeu/international/gas1....
Reply -
-
-
-
-
-
-
-
-
-
Neutral
IcCaRus1 year, 10 months ago
This comment is below the standard viewing threshold View It »
getreal-
"Saneman, You should run for President. You would probably be to good at it."
now heres a quote from saneman-
"I have never flip flopped on that issue. I only care about my family. From the very start I have always stated that I don't have friends and sure as hell don't want any"
getreal-
if you think sane would make a good President, please do the rest of us a favor and STAY HOME on election day.
Reply
-
-
Neutral
Xaos1 year, 10 months ago
This comment is below the standard viewing threshold View It »
Well Oil has broke a $100.00 a barrel, just a few days into the new year, the conspiracy theory crowd predicted this in the summer of 2007. They also are predicting that sometime in 2008 oil will hit $200 a barrel. I pray they are wrong on that one.
Reply -
More News
Daily Finance
Just how dangerous are stimulus-driven deficits in the long run?
Berkshire Hathaway's net profit triples while stock portfolio bests S&P 500
U.S. consumer credit debt falls for eighth straight month in September
Nomura's Joseph Mezrich sees market rally continuing as profits recover
Verizon Droid unleashed on NYC: 'We're gonna need more phones'
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.