Oil Price Hit $105.00 a Barrel

[rsmith6621]

http://biz.yahoo.com/ap/080306/oil_prices.html

AP
Oil Prices Spike to Record $105.10
Thursday March 6, 6:59 am ET
By Pablo Gorondi, Associated Press Writer
Oil Prices Spike to Record $105.10 in Wake of Supply Report and OPEC Production Call

Oil prices hit a record $105.10 a barrel Thursday, a day after a surprise drop in U.S. crude supplies and a decision by OPEC not to boost production.

Prices gave up some ground by midday trading in Europe. Light, sweet crude for April delivery was still up 11 cents to $104.63 a barrel in electronic trading on the New York Mercantile Exchange.

[SpiralHawk]

1. Thanks a pantload, Commander AWOL & cabal of republicon oil cronies

[Just-plain-Kathy]

2. I remember some talking head saying that we'd be in trouble if it hit $55 a barrel...

...who knows what we're in for?

[GaYellowDawg]

3. Where's the jawboning?

Oh yeah, you can't jawbone with your lips planted firmly on your Saudi buddies' asses.

[Jennicut]

4. $4.00 a gallon gas is what we are headed for and Shrub didn't even realize it

What a freakin loser. Its $3.52 here in CT (average price).

[Jim__]

5. And bush and cheney are from what industry?

And oil companies are making how much? Coincidence?

[troubleinwinter]

6. Gas prices today by county graphic:

Average price, Regular Unleaded.



http://www.gasbuddy.com/gb_gastemperaturemap.aspx

[ensho]

11. they always sock it to Calif.

nt

[Subdivisions]

7. NEW INTRADAY RECORD: $105.53 just now. Edited to add:

http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=a417cb27-a250-44ff-8de6-a9d3558b695d">Esso stations running out of gas

Esso stations across the Prairies are running low on gasoline and face rotating outages for the next few weeks, according to owner Imperial Oil.

Operational issues have reduced output at the Strathcona refinery just east of Edmonton, forcing the company to ration supply to its Esso stations across the Prairies, and into British Columbia, Imperial said Wednesday.

The 187,000-barrel-per-day facility, the largest of three in Western Canada, started rationing gasoline and diesel on Feb. 24 after problems in its fuel processing unit forced it to run at reduced rates, Imperial spokesman Gordon Wong told the Herald.
We have been able to meet demand up to this point, but there likely will be sporadic outages at select retail sites over the next few weeks as we continue to work the repairs on the various units at the Strathcona refinery," Wong said.

-Continued-

I'm been telling you guys for more than a year that oil production is in decline and supplies are beginning to fall short of demand. This is only the beginning of a long emergency.

[Subdivisions]

8. And,. yet AGAIN, DU totally dismisses any talk of oil/energy

prices, supply/demand, and how it's affecting our lives.

[opihimoimoi]

9. We hear ya man...but, like others, I am Stunned....We all knew this was coming but

to actually see it...and payout $75 for a fillup...is mind boggling....

Fuck Bush and Cheney

[ensho]

10. and the media is being ho hum about it - the poor just got seriously poor

and sadly newly poor have and will emerge.

spring bill paying. . . .will be hell.

spring weather destructive.

prepare.

[Selatius]

12. At those prices, gasoline will be 4.00 in the heartland. It's already 4 in some urban areas.

The higher gas prices go, the more is sapped out of the US economy, an economy largely dependent upon foreign crude oil.

[Javaman]

13. When I went to see the movie "I am legend"...

the audience gasped when they saw an abandoned gas station in Manhattan with $6.50 gas. I laughed out loud.

gas in Manhattan has been traditionally higher than anywhere else. If it was $6.50 there that means it was probably about $5.75 everywhere else.

not that far away.

[lovuian]

14. Its got to do with the dollar's fall

Its even higher