Oil Price Watch

[suburban_junkscape]

I was just looking at oil price data. Looks like August 22nd is when things started going crazy. Oil then was just $69 a barrel, "not much" above the $61 it was on January 1. Also was around the time that the stock market was going crazy due to the subprime mortgage fiasco. Maybe sometime in August will be dated as the start of the Long Emergency.

[fishsurfer]

More like three days- if we take that third afternoon off.

OOOOOOOOoooooooooooooooklahoma,
where the oil keeps dribblin' out like snot!

See? Now you know why I don't write musicals.

Thats what Matt should get into, write a broadway oil doomer extravaganza!  The limits are endless.  Imagine how fun it would be to design an end of the world chaso scene for a theatre.  Id pay to watch that.  We could get Chevron to sponsor it or something. 

[bkwillia]

With the screen writers strike going on, it should be easy to get a script into production.

[dwheeler]

More like three days- if we take that third afternoon off.

OOOOOOOOoooooooooooooooklahoma,
where the oil keeps dribblin' out like snot!

See? Now you know why I don't write musicals.

Thats what Matt should get into, write a broadway oil doomer extravaganza!  The limits are endless.  Imagine how fun it would be to design an end of the world chaso scene for a theatre.  Id pay to watch that.  We could get Chevron to sponsor it or something. 

How about a hip Ring cycle with music by Metallica,  and costumes by Cirque de Soliel   ,morphing into a Star Wars,Nebelungen  End of the World Finale.

Sponsored by BP..... a Sustainable oil co. 

[fishsurfer]

I think the best finale would be to just turn off all electricity in the middle of the grand finale and let the people find there way out of the theatre, it kinda makes things a little more realisitic.  Not code, but its realisitic. 

[dwheeler]

I was thinking of exploding the stage and letting them run for their lives

[Sabotage]

96.14 and article on msnbc about it rising again: http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20071120&id=4160093

[unrepentantcowboy]

$96.47.

[unrepentantcowboy]

$96.65. Cushing $98.00.

[Chip Haynes]

A nice even $97.00 right now.

[bkwillia]

Oil at 97.26, gasoline up 6 cents, heating oil up 7 cents.  This is an impressive run considering the negative mood in the US financial market.  More hedging against a falling dollar i guess.

[Chip Haynes]

I wonder how soon that hedge will grow up and cover the $100 mark?

[planetes]

I wonder how soon that hedge will grow up and cover the $100 mark?

And here I'd lost faith that we'd do it by Turkey day.  I may yet prove correct in that prediction. :-)

[Chip Haynes]

It would have to finish strongly above $98.00 to day, I would think, to make a serious run at $100 tomorrow. I just don't see that happening.

But then, I don't see a lot of things.

 

[45MPG]

Well, $100 oil would give us all something to talk about when our families get together on Turkey Day! But still, I don't see it happening---TPTB are going to do everything that they can to not clear $100 because a milestone like that will wake up too many people.