$100 a barrel for oil. Good grief...

[Alex Franke]

http://news.yahoo.com/s/ap/20080103/...0upI2s_4Os0NUE

Oil is $100 a barrel. That's insane. For comparison sake, I think it was under $40 a barrel in 2004. We really need to figure out this energy issue...

Good thing coffee is not made from oil!

I think I'm going to stop reading the news now. How depressing!

[crokett]

From the BBC - this was a lone trader who wanted bragging rights.

http://news.bbc.co.uk/2/hi/business/7169543.stm

[Russianwolf]

From the BBC - this was a lone trader who wanted bragging rights.

http://news.bbc.co.uk/2/hi/business/7169543.stm

yeah but its been flirting with $100/barrel for months.

I actually want it to keep going up. It's the only way that alternates are going to get the pushes they need to go mainstream.

[pecker]

http://news.yahoo.com/s/ap/20080103/...0upI2s_4Os0NUE

Oil is $100 a barrel. That's insane. For comparison sake, I think it was under $40 a barrel in 2004. We really need to figure out this energy issue...

Good thing coffee is not made from oil!

I think I'm going to stop reading the news now. How depressing!

A 12 ounce of Starbucks is about $1.50. You get about 10 to a gallon...times 42 gallons in a barrel (I think) gives $630

[Alex Franke]

A 12 ounce of Starbucks is about $1.50. You get about 10 to a gallon...times 42 gallons in a barrel (I think) gives $630

LOL - good point, pecker. I suppose I should have said, "Good thing oil is not made from coffee!" ...I guess it could b e if it sat around underground for long enough...

[Rand]

What do you expect when you put a Texas oil man in the white house?

Gasoline was .99 cents a gallon in 1999.

[eccentrictinkerer]

What do you expect when you put a Texas oil man in the white house?

Gasoline was .99 cents a gallon in 1999.

Yup. I'm pretty sure it's the President that's causing this increase.

[eccentrictinkerer]

Only a few months ago there were those who demanded that Congress look into the gas price increases.

Nobody pays attention to printer ink, though. We are all paying an average of US$8,000 a gallon for printer ink!

Hewlett-Packard makes approximately a third of its profit from toner and ink. Over $4 billion in the last 3 years and nobody is calling for an investigation.

BTW, I bought HP stock when I read an article about this travesty. Turned out to be a good investment.

[Uncle Cracker]

What do you expect when you put a Texas oil man in the white house?

Gasoline was .99 cents a gallon in 1999.

And milk is still more expensive than gas. Maybe he is really a dairyman???

[TB Roye]

For Sale LOML's 2004 Ford Expedition XLT 5.4 V8 leather int. chrome wheels. heavy duty cooling oil cooler, trans cooler. heavy duty tow packate 45k mile in excelent condition. LOML is getting a Honda Hybred but doesn't know it yet. The next call I get will be from her devorce attorney. Just kidding. we are buying 92 yr old MILs Honda but parking the Expidition and using it for trips to Idhao. Owe to much can't afford to get rid of it.

Tom

[goslin23]

We just bought a Yaris.

[mineengineer]

Just wait till it gets to $175 if bankers in Denmark are right

Look at this article a little frightening if it would come true:

http://newsfromrussia.com/world/amer...3144-economy-0

Have a nice day

[Russianwolf]

If it keep going the way it's going, don't be surprised when incentives on hybrids and other fuel efficient cars go away. That whole supply and demand thing.

I can see it now.......

Honda Civic Hybrid Price $25000 Incentive $0 (heck maybe even premiums)
Dodge Ram 4x4 Price $35000 Incentive $15000

before long you'll be able to buy a big truck and pay for 5 yearsof gas for the same price as the hybrids (I'm exagerating I hope)