Current Oil Price

MacG · Post by **MacG** » 22 May 2008, 10:36

Vortex wrote:If you want a dinky fuel efficient car, buy it NOW, TODAY ... or be prepared to pay a lot and/or wait in the queue.

I remember the oil shocks in the 70's. Woodburners, horses, bicycles and rural properties went skyrocketing in price. Horses by a factor of 8 in a couple of months.

SunnyJim · Post by **SunnyJim** » 22 May 2008, 10:46

MacG wrote:
Vortex wrote:If you want a dinky fuel efficient car, buy it NOW, TODAY ... or be prepared to pay a lot and/or wait in the queue.
I remember the oil shocks in the 70's. Woodburners, horses, bicycles and rural properties went skyrocketing in price. Horses by a factor of 8 in a couple of months.

Yeah, stay ahead of that curve Vortex. When the price of dinky fuel efficient cars goes up, it's time to sell and get that horse.

PS_RalphW · Post by **PS_RalphW** » 22 May 2008, 10:56

Tapis crude spot price at $141.15, up $6.48 on the day.

http://www.upstreamonline.com/market_da ... kets_crude

This might even be the BEGINNING of a speculation bubble

Bedrock Barney · Post by **Bedrock Barney** » 22 May 2008, 11:35

At the moment I'm struggling with the conversation I had with my wife last year when oil had dropped to approx $60. It went something like "I wish we had some spare cash because this is the time to buy as it's bound to go back up again". Whether I actually would have gone for it and coughed up say ?50K is another matter!

Vortex · Post by **Vortex** » 22 May 2008, 11:41

Just been to town & back.

Startled to see oil still at $134. Had expected $136 or so.

Must be a quiet trading day.

Adam1 · Post by **Adam1** » 22 May 2008, 11:43

Vortex wrote:Just been to town & back.

Startled to see oil still at $134. Had expected $136 or so.

Must be a quiet trading day.

Vortex, you just have to accept that you don't have the power over the markets that Mike P has!

Mitch · Post by **Mitch** » 22 May 2008, 11:43

We are saved!! Down nearly a whole dollar now!

eatyourveg · Post by **eatyourveg** » 22 May 2008, 11:46

Vortex wrote:Tess? Tess? TESS? What's happening?

Vortex, I think you should consider changing your monicker to Captain Mannering.

"Don't panic ......"

Vortex · Post by **Vortex** » 22 May 2008, 11:54

greg wrote:
Vortex wrote:Tess? Tess? TESS? What's happening?

Vortex, I think you should consider changing your monicker to Captain Mannering.

"Don't panic ......"

Actually, I don't give a toss.

We live in a rural village, have a bit of land, no major debts, no major commutes, and run our own businesses.

It's just VERY interesting watching history being made.

This sudden increase in the price of oil is a MAJOR, MAJOR event ... it's just that not many have realised this yet.

eatyourveg · Post by **eatyourveg** » 22 May 2008, 12:15

Vortex wrote:
greg wrote:
Vortex wrote:Tess? Tess? TESS? What's happening?

Vortex, I think you should consider changing your monicker to Captain Mannering.

"Don't panic ......"
Actually, I don't give a toss.

We live in a rural village, have a bit of land, no major debts, no major commutes, and run our own businesses.

It's just VERY interesting watching history being made.

Quite right, we have arranged things as best possible too. This is a fascinating ride.

This sudden increase in the price of oil is a MAJOR, MAJOR event ... it's just that not many have realised this yet.

Vortex · Post by **Vortex** » 22 May 2008, 12:17

Imitation is the sincerest form of flattery!

eatyourveg · Post by **eatyourveg** » 22 May 2008, 12:20

That didn't appear as I expected, but glad you enjoy the flattery.

Vortex · Post by **Vortex** » 22 May 2008, 12:24

"Come on, come on, where's the punch line?"

SunnyJim · Post by **SunnyJim** » 22 May 2008, 12:24

It is incredible isn't it? The foundations are being laid for a completely different way of life in 5 years time. All the while the majority are still expecting and waiting for everything to 'recover' and for 'long term' growth to return....

As you say, it's a monumental time in the history of mankind, and as such in the history of this little planet of ours. I'm not sure how to mark it, but I feel I should. I think I'm going to have a big old solstice celebration and mark it with a big speach to the assembled throng. Then I'll slaughter a goat or something.

biffvernon · Post by **biffvernon** » 22 May 2008, 12:38

Silas wrote:
Biff: Oh no, Radio 4 Today Programme had three major items about oil prices between 6am and 9am this morning, including talk of Peak Oil.
Opps missed that

And climate change and carbon capture and new coal power stations being discussed now on You and Yours, and Martha has just announced that the WHOLE of her News at One will be devoted to the price of oil. Listen just past 1 today.