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Reply #10: 09 May 2008 11:10 GMT: Tapis crude oil spot price is $131.81/bbl [View All]

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GliderGuider

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Fri May-09-08 06:19 AM
Response to Original message

10. 09 May 2008 11:10 GMT: Tapis crude oil spot price is $131.81/bbl

Edited on Fri May-09-08 06:22 AM by GliderGuider

8 of the 11 crude oil benchmarks prices listed here are over $120.
Nymex Light Sweet Crude futures are now trading at $125.60

If you think it's oil companies causing this, you need to do some more reading. Over 60% of all the oil in the world is now owned by National Oil companies (i.e. well over half the oil in the world has been nationalized). Italians are paying $8.25 a gallon for regular unleaded.

This is a global problem, all the bitching at Big Oil is seriously misplaced. They are as much victims of the world oil situation (aka Peak Oil) as you are.

On edit: The price of Tapis just went up over a dollar a barrel in 20 minutes...

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