Oil hits $140!!!
06-27-2008 | 11:30 PM
#81
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Joined: Jan 2008
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From: 767 FO
Probably the most troubling thing we're seeing w/ oil right now is, despite a slowing economy, oil prices are rising. Usually a slowing economy translates into cheaper oil prices...that is not the case here, which makes the current situation quite unique.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
06-28-2008 | 05:37 AM
#83
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From: whale wrangler
06-30-2008 | 04:01 AM
#84
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Joined: Oct 2006
Posts: 234
Likes: 5
From: Corporate
Yes, look to the Oil and Gas Sector......
More Exploration and Drilling means More Jobs....
High oil prices are a new pipeline for prosperity in Houston
06-30-2008 | 12:37 PM
#85
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Joined: Apr 2007
Posts: 63
Likes: 0
From: CJ4
Probably the most troubling thing we're seeing w/ oil right now is, despite a slowing economy, oil prices are rising. Usually a slowing economy translates into cheaper oil prices...that is not the case here, which makes the current situation quite unique.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
Usually a reduction in demand domestically spelled relief at the pump for the average American, but today there are just too many developing countries out there that have an insatiable desire for oil. During previous tough times, worldwide demand for oil was not even close to what it is today.
Bottom line: we're living in different times, it's awfully tough to predict the future here because there has never been a precedent in human history for what we're experiencing right now. This is uncharted territory for all of us.
07-08-2008 | 12:23 PM
#87
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Joined: Apr 2007
Posts: 474
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From: 73N CA
And we consume 25% of the world oil output. Well past time for a sound energy policy that gets us off our foreign oil dependency. Read something not to long ago about the USAF testing a 100% synthetic jet fuel. Supposedly they claim to be operating with this new fuel by 2015. Anyone else read anything on this? Any links out there?
07-08-2008 | 12:28 PM
#88
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From: CR7 Capt
And we consume 25% of the world oil output. Well past time for a sound energy policy that gets us off our foreign oil dependency. Read something not to long ago about the USAF testing a 100% synthetic jet fuel. Supposedly they claim to be operating with this new fuel by 2015. Anyone else read anything on this? Any links out there?
07-08-2008 | 12:46 PM
#90
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Joined: Apr 2007
Posts: 474
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From: 73N CA
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