Today: Oil over $80.00 a barrel. Mission Accomplished!

[spanone]

:puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke: :puke:

[TomInTib]

1. Just in time for home heating oil orders.

I do believe the price has spiked at this time every year that these bastards have been in office.

And the poor just keep on getting poorer, every day.

[BridgeTheGap]

2. How far do we have to bend over?

or have they said yet?

[CaliforniaPeggy]

3. I hear ya!

But I don't really understand it...

OPEC just said that they will soon increase the numbers of barrels of oil that they're going to pump daily...

I would think that would cause the prices to fall...

I got nothin'...

:shrug:

On edit: typo

[spanone]

5. Ah, never apply logic to bu$hco/opec

[IDemo]

6. by 500,000 barrels/day

Which makes about a 0.58 percent increase in current daily global usage (~85 million barrels/day)

[peacetheonlyway]

7. OPEC doesnt' have the oil reserves they have been promising the world

read a book called "The coming economic collapse" in which the author has seriously researched that oil will likely go to $200 per barrell within this decade causing a world wide economic breakdown.

the saudis have lied about their output capabilities for years.

[IDemo]

9. Ya think?

Saudi Arabian oil production, Jan 2006-Jan 2007, from four different sources. Linear trends fitted to each series. Graph is not zero-scaled to better show changes. Source: US EIA International Petroleum Monthly Table 1.1, IEA Oil Market Report Table 3, Joint Oil Data Initiative, OPEC Monthly Oil Market Report, Table 17 (or similar) on OPEC Supply.

[peacetheonlyway]

10. HOLY Crap

this chart is amazing.

thanks for sending!!!

[maxsolomon]

4. tra la la, keep on chooglin, stock market!

subprime mortgages are the least of our worries.

save us, al gore, you're our only hope!

[Warpy]

8. Thank whoever blew up the Pemex pipeline

They've blamed leftists. You know, the usual suspects.

[The_Casual_Observer]

11. "Jaw boning them to open the spigots" must have failed.

[RB TexLa]

12. Yesterday OPEC said they are going to start dumping cheap oil onto the market

[IDemo]

13. See post #6. Not exactly dumping, at well under a one percent increase n/t

[RB TexLa]

14. If it were steel it would be called dumping. This is the first real rally the oil market has had in

a while.