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Oil hits fresh high after Ecuador pipeline rupture »

Posted by: STONERS 1 year, 10 months ago

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Oil touched a new high above $103 on Friday after Ecuador shut a key export pipeline and a fire hit a major European natural gas plant, while the U.S. dollar's fall to a series of lows kept fresh funds flowing in.

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Comments: 28

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STONERS
Feb. 28, 2008, 11:48 p.m.
OMG!!! Here we go again...
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bruhaha
Feb. 28, 2008, 11:54 p.m.
Do they have groups of people whose job it is to cause leaks and explosions to raise prices?
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ameliog
Feb. 29, 2008, 12:42 a.m.
Pipeline rupture. Yeah, that'll do until we can get some refinery fires going in the springtime.
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jordan11
Feb. 29, 2008, 12:57 a.m.
How convenient.
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Spadecaller
Feb. 29, 2008, 6:52 a.m.
Rupture? ...More like just another kick in the balls.
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Dicax_Maximus
Feb. 29, 2008, 6:54 a.m.
I'd really love to know how the Govt's get away with claiming that inflation is x%, as they quite obviously don't include oil/gas etc in their calculations.....
This is gonna hurt, AGAIN !!!
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getreal1
Feb. 29, 2008, 10:12 a.m.
My purse is already hurting, the only real solution is to buy or invent ways to travel with out gas and oil, especially gas.
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Cityslicker
Feb. 29, 2008, 11:01 a.m.
Gasoline is high and going up , no way , where ?
Its only a Quarter in Venezuela and Thirty cents in Iran .
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Nowalive
Feb. 29, 2008, 11:11 a.m.
You do realize that most of these "accidents" are for the sole purpose of destabilizing our economy during election cycles. Granted there are true accidents, but look at the numbers of these accidents that occur during election years. There is a definite noticeable pattern.
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TheRealizer
Feb. 29, 2008, 11:43 a.m.
If a way can be found to manipulate the price of crude, IT WILL BE FOUND..........
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panzerv
Feb. 29, 2008, 12:11 p.m.
Gee, what a suprise! I wonder how far beyond the norm their profits will be next year. At least they didn't kill anyone staging this "accident" at least not that they mentioned. I still think that if China and India is using more gasoline, charge THEM more for it, not us. These vultures won't be happy until the entire world is in a recession.
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e7001
Feb. 29, 2008, 6:51 p.m.
where is all the oil going from alaska how about the oil wells in texas and oklahoma what about the cay built in india that runs on aii 299 miles per a tankfull of air at 2 dollars a tank bet you will never see it in usa
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e7001
Feb. 29, 2008, 6:51 p.m.
where is all the oil going from alaska how about the oil wells in texas and oklahoma what about the cay built in india that runs on aii 299 miles per a tankfull of air at 2 dollars a tank bet you will never see it in usa
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e7001
Feb. 29, 2008, 7:37 p.m.
that was air and 200 miles
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Xaos
Feb. 29, 2008, 7:58 p.m.
Has anyone else read how ethanol projects are going broke because of a run up in the price of corn. Makes sense when you have a Commodity Market that has been set up to allow manipulation.
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EvilLemon
Feb. 29, 2008, 8 p.m.
Has anyone seen the story line for the game, Frontlines: Fule of war? Because it seems more and more every day, that this story line could well come true
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VMan
Feb. 29, 2008, 10:59 p.m.
But are we exporting gasoline to Nigeria? http://www.platts.com/Oil/News/8542753.xml
'haven't researched this so maybe it's inconsequential, but it sure doesn't smell right.
By the way, it may be that ethanol requires more oil to produce than it saves. Research into and development of solar energy should be this country's highest priority regarding energy.