Re: Oil.....Projected at $70 a barrel Monday
 

Prices will drop eventually. The increased price will make many previously costly reserves profitable to extract. It will take time for the infrastucture to come on-line, but when it does, prices will drop from wherever they are.

Who knows where that will be, though.

Re: Oil.....Projected at $70 a barrel Monday
 

Tell me, if it's not extracted because it is not economically viable at low prices, why will extracting it at higher prices lower the price?

And there is nothing to say that those reserves exist, or if they do that they are large enough and/or can be extracted at a high enough rate to even offset depletion in the main fields.

Re: Oil.....Projected at $70 a barrel Monday
 

Typical market overraction. It'll come back down.

Re: Oil.....Projected at $70 a barrel Monday
 

In Germany the current gas/US gallon price is $5.90, you pussies!

Re: Oil.....Projected at $70 a barrel Monday
 

http://www.centralatlantaprogress.or...on/bicycle.jpg

Re: Oil.....Projected at $70 a barrel Monday
 

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What a moran. He saved a quarter in gas and now gets to spend the next hour sweating in his office and stinking the rest of the day.

Re: Oil.....Projected at $70 a barrel Monday
 

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http://www.centralatlantaprogress.or...on/bicycle.jpg

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What a moran. He saved a quarter in gas and now gets to spend the next hour sweating in his office and stinking the rest of the day.

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Typical American response. 700 million Chinese can't all be wrong!

(we have showers at my work, heh. dig deep, bros)

Re: Oil.....Projected at $70 a barrel Monday
 

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Typical American response. 700 million Chinese can't all be wrong!

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Typical third world response...and you really need a history lesson.

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(we have showers at my work, heh. dig deep, bros)

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Is this why Americans are so much more productive? Because we're working at work instead of spending all our time in the shower?