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Oil prices soar to two-year high on worries over crisis in Libya

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Oil prices soar to two-year high on worries over crisis in Libya

Post by Jen on Tue Feb 22, 2011 3:39 pm

Oil prices soar to two-year high on worries over crisis in Libya


http://www.msnbc.msn.com/id/41714735/ns/business-stocks_and_economy/


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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Tue Feb 22, 2011 3:44 pm

Even more reason to invest in alternative sources of energy.

Oil is a NON-renewable resource and we can expect to see prices only increase.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by pc on Tue Feb 22, 2011 4:59 pm

news is saying gas will be 25 cents befor end of week and in 6 months $5.00 a gallon

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Tue Feb 22, 2011 5:07 pm

Sunrise wrote:Even more reason to invest in alternative sources of energy.

Oil is a NON-renewable resource and we can expect to see prices only increase.


Even when I get That Job, I won't be able to afford the kind of home that I dream of. Not unless there are huge tax breaks and subsidies.

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sovereign on Wed Feb 23, 2011 7:51 am

I just added solar to our boat. Not that hard a task, just expensive.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by unemployed2long/1208 on Wed Feb 23, 2011 9:31 am

here comes reality again! recession all over! We are in trouble for sure! Obama's recovery fictitious and his big speeches can't hold down gas prices and following recession! But we'll see! But I do know this country cannot handle a recession. If there is a recovery as they lie about , its certain it is dead now! Sorry not being negative, because if gas goes outrageous it is reality time!!
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sovereign on Wed Feb 23, 2011 10:13 am

Five-buck gas on the way? For that price I'd better at least get a kiss. http://theeconomiccollapseblog.com/archives/5-dollar-gas-get-ready-to-pay-an-arm-and-a-leg-for-gasoline
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by KeeptheFaith on Wed Feb 23, 2011 4:27 pm

Yesterday gas was 3.29 and today it is 3.35. That is 6 cents in one day.....This is outrageous.....and cnn just reported that oil is $100 per barrell........and it has not been that high since October 2008....WOW....are we going backwards instead of forward......I thought the recession was over.....Doesn't look like it.....How's Washington going to spin this one.....
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Wed Feb 23, 2011 4:44 pm

I just wish that I had the money to fill my tank up now.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by njcookies on Wed Feb 23, 2011 4:49 pm

Sunrise wrote:I just wish that I had the money to fill my tank up now.
I put $15.50 in today and got 5 gals on the nose.

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by njcookies on Wed Feb 23, 2011 4:50 pm

KeeptheFaith wrote:Yesterday gas was 3.29 and today it is 3.35. That is 6 cents in one day.....This is outrageous.....and cnn just reported that oil is $100 per barrell........and it has not been that high since October 2008....WOW....are we going backwards instead of forward......I thought the recession was over.....Doesn't look like it.....How's Washington going to spin this one.....
it's the revolutions in the middle east driving the prices but the gas had never gone down before the unrest over there.

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by lendmeflight2 on Wed Feb 23, 2011 5:48 pm

The crisis in Libya can't last forever. It will be over in 6 months.

What amuses me is that so many people seem to think that this is our government's fault somehow, as if they sell gas. Why don't you blame the oil companies who get billions in our tax money and use any excuse at all to raise gas through the roof? But no, it's Obama's fault right? I didn't blame Bush for high Gas prices or the for the fact that I couldn't even get gas after Katrina and no one else did either. Oh wait, I forgot, don't mention the past.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by KeeptheFaith on Thu Feb 24, 2011 7:39 pm

These gas prices are outrageous......I filled up this morning at the Shell Gas station for $3.35 a gallon and I got there just in time as the truck was pulling in to refill......and now the gas is $3.49 a gallon tonight......That is a 14 cents increase.....That is ridiculous.....at this rate we will be at four dollars a gallon within the next couple of weeks.....This is crazy......
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by lendmeflight2 on Thu Feb 24, 2011 7:41 pm

Yeah I estimate that guess will go up to around $4 for a while. Which means I won't drive much. The oil companies will use any excuse to increase costs.


What state do you live in? Near a large city?
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Guest on Thu Feb 24, 2011 8:09 pm

I heard $7 here by summer in Mich.

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by lendmeflight2 on Thu Feb 24, 2011 8:22 pm

That's what will happen for sure if nothing is changed but I think things will settle down by then.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by js123 on Thu Feb 24, 2011 10:50 pm

CNN Money states four (4) dangers to U.S. Economy because of the Middle East crisis:
Higher oil prices (no brainer)
Sharp spending cuts in government
End of QE2
and falling stock prices (loss of wealth would be felt)

OH WELL!
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Guest on Thu Feb 24, 2011 10:53 pm

js123 wrote:CNN Money states four (4) dangers to U.S. Economy because of the Middle East crisis:
Higher oil prices (no brainer)
Sharp spending cuts in government
End of QE2
and falling stock prices (loss of wealth would be felt)

OH WELL!

That was right to the point!


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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Thu Feb 24, 2011 11:05 pm

The increase in gas prices HURTS ONLY the lower and middle income people.

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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Jen on Thu Feb 24, 2011 11:06 pm

I filled up my tank for $2.75 the other day in Ohio. The next day it was $3.36.
Evil or Very Mad
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Thu Feb 24, 2011 11:28 pm

Jen wrote:I filled up my tank for $2.75 the other day in Ohio. The next day it was $3.36.
Evil or Very Mad

I don't even want to know how much gas has gone up here. It was already over $3.50 last week affraid
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by mrgolf on Thu Feb 24, 2011 11:31 pm

Sunrise wrote:Even more reason to invest in alternative sources of energy.

Oil is a NON-renewable resource and we can expect to see prices only increase.
Being from Alaska what are your feelings about drilling at Anwar?
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by Sunrise on Thu Feb 24, 2011 11:34 pm

mrgolf wrote:
Sunrise wrote:Even more reason to invest in alternative sources of energy.

Oil is a NON-renewable resource and we can expect to see prices only increase.
Being from Alaska what are your feelings about drilling at Anwar?

I am against it. From what I've read quite some time ago there isn't much oil there. Besides the oil that is piped currently is sold abroad.
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Re: Oil prices soar to two-year high on worries over crisis in Libya

Post by unemployed2long/1208 on Fri Feb 25, 2011 12:00 am

total screwed mess and everything we do isn't for our survival its for politics. Every thing that this country is involved with isn't about our welfare but political standing around the world..
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Re: Oil prices soar to two-year high on worries over crisis in Libya

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