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InvisibletrendalM
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Registered: 04/17/01
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Crude oil prices break through $100 a barrel barrier
    #7823456 - 01/02/08 11:52 AM (16 years, 1 month ago)

Oil futures hit $100 a barrel

NEW YORK - Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
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Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while tensions in oil producing nations like Nigeria and Iran have increasingly made investors nervous and invited speculators to drive prices even higher.

Violence in Nigeria helped give crude the final push over $100.

Light, sweet crude for January delivery rose $4.02 to $100 a barrel on the New York Mercantile Exchange before slipping back, according to Brenda Guzman, a Nymex spokeswoman.

http://news.yahoo.com/s/ap/20080102/ap_on_bi_ge/oil_prices_45;_ylt=Ah_R3Ho79NxHL4npn8ON0fGAsnsA


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.


Edited by trendal (01/02/08 11:54 AM)


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InvisibletrendalM
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Registered: 04/17/01
Posts: 20,815
Loc: Ontario, Canada Flag
Re: Crude oil prices break through $100 a barrel barrier [Re: trendal]
    #7823458 - 01/02/08 11:52 AM (16 years, 1 month ago)

Good start to the new year? :smirk:


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Once, men turned their thinking over to machines in the hope that this would set them free.
But that only permitted other men with machines to enslave them.


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OfflineC20H25N3O
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Registered: 02/01/04
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Re: Crude oil prices break through $100 a barrel barrier [Re: trendal]
    #7823508 - 01/02/08 12:09 PM (16 years, 1 month ago)

gold is up quite a bit today too


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Calico Kahlia come tell me the news
Calamity's waiting for a way to get to her
Rosy red and electric blue
I bought you a paddle for your paper canoe

Say you'll come back when you can
Whenever your airplane happens to land
Maybe I'll be back here too
It all depends on what's with you


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