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Oil hits #60.00 per barrel. Kiss the Saudis for me, will ya GW?

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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:22 PM
Original message
Oil hits #60.00 per barrel. Kiss the Saudis for me, will ya GW?
http://www.marketwatch.com/news/newsfinder/pulseone.asp?guid={3A533196-67D7-424A-9118-F3F92ED6FEDA}&siteid=netscape
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Kraklen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:23 PM
Response to Original message
1. Is that a record?
Sorry, haven't been paying much attention.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:24 PM
Response to Reply #1
2. I believe it's a record, at least in uncorrected dollars.
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Kraklen Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:25 PM
Response to Reply #2
4. Prices were at records a couple months ago..
then they dipped and now they're shooting back up. I can't remember if it was the 60 dollar mark a couple months ago.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:28 PM
Response to Reply #4
7. No, they were in the 50s a few months ago. This is a new high.
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charlie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:25 PM
Response to Reply #1
3. Yes
In absolute dollars. In adjusted dollars, the alltime high was in 1981, at 80-some dollars a barrel. We've still got a way to go, but we're closing fast...
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The_Casual_Observer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:26 PM
Response to Original message
5. The experts insisted oil would be below $30 by this time
Who can you believe anymore?
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-23-05 01:27 PM
Response to Original message
6. Shhhh! Don't stampede the sheep.
Bet we'll hear little more than a peep about this on the evening news. "Not news", just like the DSM.
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