Oil prices rise over 10% in a week

NEW YORK (AP) -- Wall Street sank Monday as oil's surge above $108 a barrel and more worrisome signs for the financial sector led investors to extend last week's losses. The Dow Jones industrial average fell more than 150 points, bringing its three-day loss to nearly 515, while broader indexes showed steeper percentage losses.
 
Our foreign friends know we won't be filling their pockets too much longer with different fuel options becoming available (ie: variances of ethanol such as algea/corn/sugar cane).
 
Therefore in order to protect their market OPEC destroys ours entirely, limiting investments into development causing expansion to cease. You and I both know that a 10% mark up in about a week from $100 a barrel is the biggest bunch of bull ever conspired. Market demand, weather slowing the importation of fuel and terrorism don't influence such a fluctuation.
 
I hope who ever becomes president, or anyone for that matter with power, puts an end to this. Opinions?

Yes AMG you are very right! I belive when I was checking my stocks today I saw oil at $105.00 barrel.

Hi AMG,
 
   I was hoping that some Hydrogen cars would go into full production and help offset the price, but you simply do not see them in the dealerships yet.  Maybe later someone will invent conversion kits for all our older cars too. I was also hoping that the US, being the largest consumer of fuel, would take the lead in hydrogen development, become the "middle East of Hydrogen", and create a new national product and some new jobs. If we could keep peanut oil in the engine case, that would be a pretty clean running domestic fuel vehicle. But that will never happen with an oil-man in office I suppose.
 
  The other day premium was 3.76/gal here, and climbing. The words, "I'll put an even $75.00 in the tank" came out of my mouth, and I was thinking $20 filled it up a couple of years ago. I know some of the price increase in fuel and other things are related to the currency value taking a dive. As the money is worth less, it takes more to purchase international products like oil. A report said that the currency fell approx 12% in the last year, and I am searching to see how long it has been since it has fallen that fast...perhaps not since the US civil war currency?
 
  Now while some companies are clearly benefitting from low wages for skilled, college, and graduate employees, non-enforceable medical insurance programs, aspirin-cures-all healthcare system, runaway immigration, diving currency, falling stocks, failing banks, corporate corruption, wrecked forriegn relations, war scandal, mortgage meltdown, and soaring consumer prices,  I think they must be overlooking the mass of the citizens in the country.
 
Blue
 
 

I just broke a record. I took my CLK and 3 gas cans to the fuel station, and spent $175,00. US on gas, in one visit. This is what happens when you become enemies with the entire world I suppose.

ha ha ha wow that is a lot of gas. Ya the world hates us as we know it. How much is it just to fill up your CLK? Is it a 430 or 320?

definatly considering going electric once their prices go down, im really not liking this whole oil prices idea anymore

Going 75% diesel 25% SVO this weekend.

On the hydrogen cars I make hydrogen for a living and burning it in your engine will never pay off.I costs to much to make! Running a car on natural gas is more cost effective than hydrogen.Fuel cells look promising for electric or parcial electric cars. The batteries to replace cost more than you saved so a fuel cell shows promise. It would be nice to get good quality diesel fuel back though. 87 300D

As of today 4-16-08 oil is now at $115.00 per barrel

I would like to see someone sue, prefferably our government, against oil giants in US courts. Cutting the taxes on gas isn't going to help. That temporarily relieves people, but offers more room to profit from the oil giants. I also like how they won't let people use alternate energy such as diesel... diesel was cheaper than gas, but now it's nearly a dollar more per gallon. It would destroy their market if people chose another source...the only escape

Yes it was. I dont feel sorry at all for selling my 1985 300SD Turbo Diesel.

Today 4-21-08 Oil prices hit a record high of $117.00 per barrel

it dont look like its comming down anytime soon

I went to check my stocks today and now we are at $121.00 a barrel . I also was reading that in two years many economist are predicting $200.00 a berrel.

The price of oil isn't much to panic about; market forces in all areas will take it to its own level. Yes, it will be costing us more, and yes, it will still be a bargain.
Politicians thinking businesses pay taxes is a crisis: businesses have no money. They only have the money that comes in from their customers. Customers of business pay all their expenses.

Here's a question for you guys
 
Do you think oil companies are raising prices to make America better suited for investing? We all know the economy is at a low point. 300 million Americans aren't buying nearly as much as they used to, companies are closing and shrinking...which leaves a lot of room for progress through investments. Using the billions of dollars of profit these guys are getting, do you think they're going to throw towards investments that would potentially create unthinkable amounts of money?