Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Record High For Oil Just Broken

Recommended Posts

http://uk.biz.yahoo.com/08082006/325/oil-p...ska-outage.html

Tuesday August 8, 05:33 PM

Reuters

Oil prices hit new high on Alaska outage
LONDON (Reuters) - Oil prices hit a new record on Tuesday, extending gains the previous day that followed news BP (LSE: BP.L - news) was halting production at the biggest oilfield in the United States, possibly for months.
London Brent crude rose 35 cents to a
new all-time high of $78.65
, the ICE futures exchange said, a cent higher than Monday's mid-session peak of $78.64. By 1622 GMT, it had fallen back to $77.99, 31 cents down on the day. <ALERT19>

Inflation anyone? :o

Share this post


Link to post
Share on other sites

But the inflationary pressures of oil were about to drop off and the increase in IR's was completely innecessary - the journos told us that!

Guess they got that one wrong then (again) ;)

Share this post


Link to post
Share on other sites

But the inflationary pressures of oil were about to drop off and the increase in IR's was completely innecessary - the journos told us that!

Guess they got that one wrong then (again) ;)

yup,and supercycle is holding!!!!....one mexican oilfield has indeed reported PEAK OIL,with output scheduled to diminish 8% this year.

given the lack of investment over the past decade,I would be none too surprised if the AVERAGE price for oil until 2015 was near the $100bbl mark,shocks possibly double that.

in the event of shocks,expect an explosion in alternative energy sources.LNG would certainly be a good bet

Share this post


Link to post
Share on other sites

But the inflationary pressures of oil were about to drop off and the increase in IR's was completely innecessary - the journos told us that!

Guess they got that one wrong then (again) ;)

Their consistent view has been 'Oil Down, Houses Up'. Wonder if they'll change both views at once; or one, then finally the other?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 334 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.