USS Redskins Posted June 11, 2009 Share Posted June 11, 2009 I hope this is just a load of bull... the cost here in cincy is $2.65/gallon. It was as low as $1.35 a few months back. http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves What is driving this? If gas goes much higher, say goodbye to any economic recovery. Link to comment Share on other sites More sharing options...
Capt. Kaos Posted June 11, 2009 Share Posted June 11, 2009 Speculators. That's what is driving this! Link to comment Share on other sites More sharing options...
Soup Posted June 11, 2009 Share Posted June 11, 2009 Just like the groundhog signaling spring, Rising oil prices signal the coming of summer Link to comment Share on other sites More sharing options...
Kilmer17 Posted June 11, 2009 Share Posted June 11, 2009 No No No. The left told us for the last few years that high oil and subsequent gas prices are a result of the Govt colluding with the oil companies. This is obviously Obamas fault. Link to comment Share on other sites More sharing options...
SolidSnake84 Posted June 11, 2009 Share Posted June 11, 2009 I had a bet last winter with my boss that Oil would be over $150.00 a barrell by the time it was christmas. I bet him lunch. Needless to say i ended up being wrong about it, but I was out of town for vacation, so i never ended up bying. When I saw oil creeping back towards 80.00 yesterday, i kind of thought to myself if I should make that bet again... Link to comment Share on other sites More sharing options...
Fifty Gut Posted June 11, 2009 Share Posted June 11, 2009 get used to it. it's only gonna get higher as economies around the world recover. get ready for $150/barrel oil again. the PRC is stocking up on crude oil and Third World production continues to fall worldwide. the days of cheap energy are far behind us Link to comment Share on other sites More sharing options...
GibbsFactor Posted June 11, 2009 Share Posted June 11, 2009 Time to buy a Chinese Hummer! Link to comment Share on other sites More sharing options...
Madison Redskin Posted June 11, 2009 Share Posted June 11, 2009 No No No. The left told us for the last few years that high oil and subsequent gas prices are a result of the Govt colluding with the oil companies.This is obviously Obamas fault. I think most people blamed it on speculators, not a government conspiracy. Link to comment Share on other sites More sharing options...
Toe Jam Posted June 11, 2009 Share Posted June 11, 2009 This is ghey. Just when things start to get better, the oil people bring you back down to reality. ****s. Link to comment Share on other sites More sharing options...
BigMike619 Posted June 11, 2009 Share Posted June 11, 2009 Time to buy a Chinese Hummer! I shouldnt laugh at that because its just wrong but I cant help it. Link to comment Share on other sites More sharing options...
PiLfan Posted June 11, 2009 Share Posted June 11, 2009 Or prices could have peaked and are set to plunge to below $40 again, if you believe this guy: http://www.cnbc.com/id/31234683 really, who knows at this point. Link to comment Share on other sites More sharing options...
SolidSnake84 Posted June 11, 2009 Share Posted June 11, 2009 I saw my old economics professor yesterday when i was hanging around campus for a few things. He actually told me to thank the recession/depression for the low gas prices we saw last year. He told me and I quote "The economy will rise again and so will the price of gas. Gas will keep rising and overtake the economic pace, which will then cause a recession once again" Talk about a vicious cycle.... Link to comment Share on other sites More sharing options...
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