This is Just Out rage

 

OPEC president predicts oil price at level of $400 per barrel

 

Baku, Fineko/abc.az. Yesterday the price of oil per barrel at the New York Mercantile Exchange exceeded $140 and reached $140.39 per barrel at the moment of closing of bids.

 

Khabib Khalil, the president of Organization of Petroleum Exporting Countries, stated in this connection that before the end of the summer the oil price can grow up to $170 per barrel in case the European Central Bank increases the rate.

 

?Price of oil, gold and other primary goods rose after American Federal Reserve System stopped increasing its rate. Dollar fall under such conditions leads to rise in prices for raw materials at the market. Moreover, in the future oil price can jump up to $200 and even up to $400 per barrel if political crisis with Iran leads to stoppage of oil production in this country,? Khalil said.

 

Recently the European Union has toughened sanctions against Iran because of suspicion of military purposefulness of its nuclear program.

 

Against the background of the latest events US Congress?s attempts to investigate wildcatters? intrigues in growth of oil prices are going to become inefficient as well as Saudi Arabia?s investments ($1 bn) in the fund of oil price growth compensation.

Worried that you won't be able to fill the tank on your gas guzzling tonka toy, Don?

 

Also, you do know that a "Barrel" of oil is a measurement right?. Its not actually a barrel filled with oil....

seriously. who really cares what oil costs per barrel? are you really going to be driving your 10 mpg f-150 when gas goes up to $20 / gallon, or are you going to find alternate modes of transportation?

 

outrage, the noun, is one word. i think what you're looking for is the adjective outrageous.

to be perfectly honest, i dont care about oil prices..

 

if you really cared you would stop driving the 10mpg 6litre V8s and buy something economical..

 

and also to be honest i kind of tire of coming here and reading the media frenzy speculation about the price of oil.. it is high not because they arent producing enough, or there is a global shortage, it is high because of the speculators panic buying.

The US could stop or slow down the oil price jacking if they would cap the speculators or take it back off the stock market.(my personal favorite) Just for those who don't know what I talking about Jimmy Carter was the one who put it on the stock exchange.

Yup I used my personal gas reserve up today. At least this is finally pushing the gov't and people to use alternate fuels and more economic vehicles.

and Don, please stop posting the same gloom and doom stuff on here over and over again. It is getting old.

Blah blah blah.....blah...blah blah blah. Can you hear it too? LOL LOL

Just found out that the Saudis have agreed to increase production for the US. $400 a barrel will not happen in our lifetime. $200 is possibly a long shot. Either way i will still have my truck.