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Oil closer to $100 on Nigeria violence »

Posted by: STONERS 1 year, 12 months ago

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Oil 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.

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STONERS

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Comments: 54

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STONERS
Jan. 2, 2008, 11:07 a.m.
"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."
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Commodore1
Jan. 2, 2008, 1:20 p.m.
Those Nigerians need to get a life.
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tclaw99
Jan. 2, 2008, 1:51 p.m.
So whats the big surprise? They will continue to destroy this economy.
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tclaw99
Jan. 2, 2008, 1:52 p.m.
World is in total self destruct mode and there is no stopping it.
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saneman
Jan. 2, 2008, 4 p.m.
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.
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saneman
Jan. 2, 2008, 4:02 p.m.
The spike in oil prices are also because of the fear of shortage of oil in 2024. Holy cow, let's hope that we no longer need oil by then or even after 2009.
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Harbeas
Jan. 2, 2008, 4:31 p.m.
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).
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Cityslicker
Jan. 2, 2008, 4:52 p.m.
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 !
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mailguy2723
Jan. 2, 2008, 4:52 p.m.
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
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Harbeas
Jan. 2, 2008, 5:18 p.m.
cityslicker
you are right on the alternative fuels. However, my cry is for alternative energy sources.
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jmopinion
Jan. 2, 2008, 5:22 p.m.
As always, the US will learn their lesson the hard way when its way too late.
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Spinward
Jan. 2, 2008, 7:10 p.m.
Hillary said if she's elected, the price will drop by up to 40%.
Any takers?
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Sludge-Guzzler
Jan. 2, 2008, 9:08 p.m.
Hitlery said if she's elected, the price will drop by 40%? Sure....I believe her.....but then, I also believe the moon is made of green cheese....
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nikkibabe
Jan. 2, 2008, 9:37 p.m.
*** Mission Accomplished *** for Bush & Cheney,
Their success in stopping oil from Iraq is amazing.
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getreal1
Jan. 3, 2008, 8:25 a.m.
Saneman, You should run for President. You would probably be to good at it.
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Xaos
Jan. 3, 2008, 10:38 a.m.
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.
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IcCaRus
Jan. 3, 2008, 11:35 a.m.
everything else aside, continued dependence on imported oil is strategic suicide for our country.
ENERGY INDEPENDENCE NOW!
whatever the cost!
corn, hemp, solar, wind... WHATEVER IT TAKES!