Oh my!

Discussion in 'The BS Topic' started by Rick WI, Jun 6, 2008.

  1. Rick WI

    Rick WI Veteran Member

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    Crude up over $8.00 today hitting an all time high of $136.62. You really don't want to know what diesel and gasoline is doing right now, but I'd make a run to fill up over lunch........and take a couple of 5 gallon containers.

    Goldman Sachs, yeah those specs that put huge positions on European trading platforms that are not regulated came out this morning that oil will hit 150 by July 4. Of course the only reason they did this was to make some money prior to betting on the horse race this weekend. Traders need to pay for the private jet, food, beverage, strip club bill, and escorts out of their own pocketes these days. They heyday of expensing these things went away long ago.

    Rcord high crude, gasoline and a dismal job report along with a dollar tanking is a grave situation.

    Crap, now crude is up $9.00, holy crap.............now $9.58 10 seconds later.

    There is HUUUUUGE speculation and manipulation going on in the trading pits today.

    Expect to see $0.60 jumps in diesel and $0.40+ in gasoline very quickly.

    Either this is what we would call a blow off top in the trading business OR, based on charting, we are going to rise to............$250/bbl on crude. That's the facts folks. If it's a blow off top, we will go below 100, but not by much.
     
  2. pete0331

    pete0331 Veteran Member

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    Crap
     
  3. Fawn

    Fawn Administrator Lifetime Gold Member

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    This makes me VERY unhappy :(
     
  4. mattman

    mattman Veteran Member

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    Great. They are digging their own grave by creating a global recession. Keep it up greedy mother Effers.
     
  5. Damon23

    Damon23 Veteran Member

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    They wont be happy untill we are paying $5.00 a gallon. Just another example of drilling here while we are searching and can develop alternative fuels. Even the very threat of us drilling here would drop the price. When the Dems take over completely and they raise our taxes we will really be in a pinch as a nation.
     
  6. Fawn

    Fawn Administrator Lifetime Gold Member

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    I was thinking about that today... importing and exporting uses fuel too. We can't be the only ones this is hurting.
     
  7. Fawn

    Fawn Administrator Lifetime Gold Member

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    And WTH hasn't this issue been an election topic??!!!
     
  8. mattman

    mattman Veteran Member

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    Well look at our friend Damon's post. He is so happy with the current state of things that he wants 4 more years of it.
     
  9. Aceshigh

    Aceshigh Veteran Member Lifetime Gold Member

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    I thought the US Dollar was regaining upward momentum ???

    What the fook......
     
  10. XxWickedz28xX

    XxWickedz28xX Veteran Member Lifetime Gold Member

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    Arent we "in a pinch" now?? :rolleyes:
     

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