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Oil Prices Spike to Record $105.10 »

Posted by: engineer 1 year, 10 months ago

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Oil Prices Spike to Record $105.10 in Wake of Supply Report and OPEC Production Call

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engineer

Hi

My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...

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engineer
March 6, 2008, 8:19 a.m.
Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production.
Prices gave up some ground by midday trading in Europe. Light, sweet crude for April delivery was still up 11 cents to $104.63 a barrel in electronic trading on the New York Mercantile Exchange.
On Wednesday, the April contract had jumped $5 to settle at a record $104.52 a barrel and later rose to $104.95 in post-settlement electronic trading.
Earlier this week, oil prices broke the previous inflation-adjusted price record of $103.76, set in 1980 during the Iran hostage crisis.
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Truzseeker
March 6, 2008, 1:04 p.m.
Yes, no one understands that the dollar is just a fiction backed by nothing less than faith and a con without the credit.
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dicpol
March 6, 2008, 7:33 p.m.
Watch video how to make money thanks to record prices to oil!!
http://video-info.info/news/oil_money
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texangelwings
March 6, 2008, 7:54 p.m.
That bicycle is looking better everyday! The premium gas Tuesday in the town south of here, was $3.69 a gallon, regular was $3.14 a gallon.
Thanks engineer!
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Harbeas
March 6, 2008, 8:34 p.m.
this is criminal. It is beginning to affect our lifestyle and our well being. Thanks to good old American greed and the power the oil companies have over our politicians we have never developed an energy policy. We are now reaping the benefits of that.
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not2needy
March 6, 2008, 9:55 p.m.
Most of us Americans are out of shape anyway, maybe some walking and bike riding is in order.
The oil companies are doing exactly what our govt is allowing them to do. If we stop using they would have so much in stash, they would have to lower prices to get rid of it.
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jgss
March 7, 2008, 8:41 a.m.
There will come a day soon when the oil contries will pay for their actions and the speculators will no longer have anything to speculate on. Alternative power is moving more swiftly than they may realize and everyone will clearly remember those who gouged us. The higher the price the greater our motivation to reduce our dependence on foreign oil and that day is soon.
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akirenava
March 24, 2008, 6:01 a.m.
expensive.