Home | Community | Message Board


This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post Pages: 1
OfflineCoaster
Baʿal
Male User Gallery


Registered: 05/22/06
Posts: 33,501
Loc: Deep in the Valley
Last seen: 12 years, 4 months
record high $100 a barrel of oil
    #7828574 - 01/03/08 06:05 PM (16 years, 1 month ago)

The price of standard crude oil on NYMEX was under $25/barrel in September 2003. By August 11, 2005, it had risen to over $60/barrel. Through most of 2006 the price showed a bumpy plateau, with a summer peak, falling for the early part of 2007 to between $50 and $60/barrel, before rising again. By October 2007 prices had reached $92/barrel and reached $99.29/barrel for December futures in New York on November 21, 2007[2]. On January 2, 2008, oil prices had an all-time peak at $100 per barrel.

On January 2, 2008 US light crude surpassed the psychological barrier of $100 before falling to $99.69, due to tensions on New Years Day in Nigeria and on suspicion that US stocks of crude will have dropped for the seventh consecutive week. A BBC report from the following day stated that a single trader bid up the price. Stephen Schork, a former floor trader on the New York Mercantile Exchange and the editor of an oil market newsletter, said one floor trader bought 1,000 barrels, the smallest amount permitted, and sold it immediately for $99.40 at a $600 loss. "They absolutely overpaid, he paid $600 for the right to tell his grandchildren that he was the first in the world to buy $100 oil." However, on January 3, 2008 oil rose to $100.05 a barrel

http://en.wikipedia.org/wiki/Oil_price_increases_of_2004-2008

lol that guy spent $600 just to say he bought that oil ahhhahahah thats so hilarious


--------------------


Extras: Filter Print Post Top
OfflineCoaster
Baʿal
Male User Gallery


Registered: 05/22/06
Posts: 33,501
Loc: Deep in the Valley
Last seen: 12 years, 4 months
Re: record high $100 a barrel of oil [Re: Coaster]
    #7828813 - 01/03/08 06:48 PM (16 years, 1 month ago)

damm dood its 4x the amount it was in 2003


--------------------


Extras: Filter Print Post Top
OfflineXeluc
Traveler
Male


Registered: 04/11/07
Posts: 746
Last seen: 6 years, 1 month
Re: record high $100 a barrel of oil [Re: Coaster]
    #7831664 - 01/04/08 11:34 AM (16 years, 1 month ago)

...Time to plaster some solar cells on the 'ole Camaro. :lol:


Extras: Filter Print Post Top
InvisibleBIGSWANG
oakridge gang, beotch
 User Gallery


Folding@home Statistics
Registered: 02/18/02
Posts: 19,397
Loc: Iwishanigga woods
Re: record high $100 a barrel of oil [Re: Xeluc]
    #7831709 - 01/04/08 11:56 AM (16 years, 1 month ago)

ive been working at the nymex since 2002


--------------------
Admin Edit: Your signiture is inappropriate and has been removed.  Do not harass other members in your signiture.  Also refrain from posting links to scat pornography.  If I see anything like that here again, you will be banned.


Extras: Filter Print Post Top
Jump to top Pages: 1


Similar ThreadsPosterViewsRepliesLast post
* Peak Oil - two years later
( 1 2 3 4 5 6 all )
trendalM 13,197 102 12/20/07 12:11 PM
by ZippoZ
* $100,000 challenge spacedragon 1,194 3 09/01/03 07:24 PM
by Crass
* Staring down the barrel of a .45 JettaJay 805 4 11/25/18 04:25 AM
by Shiithead
* emptiness again x 100 Razman 768 11 02/14/05 10:07 AM
by KristiMidocean
* . dr_gonz 1,863 16 11/29/04 12:11 PM
by Adamist
* NY Times runs Peak Oil article
( 1 2 3 all )
trendalM 5,386 49 08/23/05 09:27 AM
by trendal
* Did anyone record "SK8" on NBC? qweiop 684 1 01/08/05 12:02 PM
by neuro
* Hash oil Ravus 5,030 16 01/04/05 11:25 AM
by baraka

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Entire Staff
606 topic views. 6 members, 37 guests and 29 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.025 seconds spending 0.008 seconds on 14 queries.