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View Full Version : "Speculators" sneer at talking heads and wingers - oil tops $140 - OPEC predicts $170


Bill
06-26-2008, 03:39 PM
Now, see, you wingers are FUCKIN FALLIN DOWN ON THE FUCKIN STICK!

How come you ain't writing Prez Nonuts and telling him to declare war on speculators?

I keep fucking waitin to see some speculators strung up, or perp walked on the evening news - nary a fuckin perp!

You guys are all talk no action.

At least the president of OPEC says the price won't top $200 - this year.

http://www.msnbc.msn.com/id/12400801/

Oil tops $140 after OPEC price prediction
Cartel’s president says oil price could top $150 a barrel

NEW YORK - Oil futures shot above $140 Thursday after OPEC’s president said oil prices could rise well above $150 a barrel this year and Libya said it may cut oil production.

Light, sweet crude for August delivery rose as high as $140.39 in afternoon trading on the New York Mercantile Exchange before retreating slightly to trade up $5.53 at $140.08. Final prices weren’t available, but crude appeared headed to a record settlement.

Chakib Khelil, president of the Organization of the Petroleum Exporting Countries, said he believes oil prices could rise to between $150 and $170 a barrel this summer before declining later in the year. Khelil said he doesn’t think prices will reach $200 a barrel.



And in related news... Stocks plunge — Dow hits a two-year low

http://www.msnbc.msn.com/id/3683270/

Cat slave
06-26-2008, 03:41 PM
Yes, I noticed that! This is a trainwreck.

Smurf-Herder
06-26-2008, 10:47 PM
Let's see if anything comes out of sub-committee hearings this week. If anything ever gets out of committee. That's where things usually stall.