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NYMEX crude oil is at $32.20 a barrel

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:09 PM
Original message
NYMEX crude oil is at $32.20 a barrel
Edited on Tue Aug-05-03 05:17 PM by jpak
http://www.bloomberg.com/markets/commodities/energyprices.html

http://futures.tradingcharts.com/chart/CO/W

Crude oil prices were supposed to collapse after our Glorious Victory in I-raq (and the aborted ChimpCo coup in Venezuela) - right???

Wasn't this part of ChimpCo's "Peace Dividend"???

How can the Bush Miracle Economy flourish with high (and ever rising) crude oil prices?????
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:11 PM
Response to Original message
1. It cannot.
But fear not. He has a plan. The plan is to make his buds even richer, while you live in a crack in the road and eat gravel. As your patriotic duty, doncha know.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:16 PM
Response to Original message
2. Ok and this is Mexican crude, from a NAFTA and
frinedly country... aha... yeap whatever bushco....
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DrPepper Donating Member (194 posts) Send PM | Profile | Ignore Tue Aug-05-03 05:24 PM
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3. Even Bush can't stop Peak Oil
Edited on Tue Aug-05-03 05:24 PM by DrPepper
This is what is so nice about thermodynamics, physics, an all the other scientific laws. Even politicians can't break them.
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:24 PM
Response to Original message
4. The BFEE now has us on a slippery price slope -- uphill
'The sacred answers to no dogma." - K. Grey
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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:30 PM
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5. Oil isn't flowing as fast as they thought it would from Iraq....
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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 05:41 PM
Response to Original message
6. Wait until this Winter!!! I have been keeping an eye
open because of stock that I own.

OPEC, at its last meeting, left production UNCHANGED. Unless Iraq starts pumping to AT LEAST PRE-WAR levels, this Winter will bring painful prices for heating oil, and NG.

Oil inventories are extremely low right now... :(
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