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Reply #41: Over $119/bbl right now [View All]

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GliderGuider Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-22-08 10:31 AM
Response to Original message
41. Over $119/bbl right now
Edited on Tue Apr-22-08 11:09 AM by GliderGuider
It has traded up to $119.74 today.

Remember back in early January, when oil first traded at $100? How stunned we all were? 4 months later it's up 20%. If this rise keeps on though the high-demand driving season, we'll see $140 to $150/bbl by Labour Day.

Welcome to Peak Oil, ladies and gentlemen.

On edit: I originally posted that it was over $118, and then it went up over a dollar while the editing period on the post was still open. Watch 'er go!
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