oh..those good old days.....

Being new here, I clicked on this post without looking at the date (thinking it was a recent post) and thought someone was out of their mind for thinking oil was going to be $75/barrel again.

Just two years ago, $75/barrel was outrageous, and today we would love to see that again.  Just TWO years.

PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 112.02 -2.99 -2.60 10:38
Dated Brent Spot 108.56 -3.35 -2.99 11:09
WTI Cushing Spot 113.50 -1.51 -1.31 09:06

todays price! 75.00 looks real SWEEET

Wasn’t too long ago either that we didn’t read about our soliders dying every day.....
a lot of things have changed since Y2K.

OPEC’s revenue is on course to be higher than U.S. income-tax receipts. The cartel’s revenue could reach $1.17T this year.

I am sure Obama will fix it all.

metpound - 24 August 2008 10:08 PM

I am sure Obama will fix it all.

As a very smart person once told me “the little green men from outer space ain’t gonna come and clean up our messes”.....

Another time when the culprit is in the mirror. We are on the verge of some great technology which will ease the energy situation in the future - it will come, but the question for US is whether we help it come quicker, or simply keep sucking oil and adding to debt....making it harder for our children and future generations.

A 10, 20 and even 30 year plan would be nice. Doesn’t matter who is Prez if we don’t become involved. The (often selfish) business lobbies will win every time if the people don’t demand change.

As usual, I hold out little hope because it is easier to play video games and watch sports on TV than to become involved.

Deifying the presidency is not going to be a solution, nor help us out of this issue. Time to think more locally and concentrate on local and house and senate representatives. The presidential race is important, but largely a media circus event now. The broadcasting companies benefit the most from these elections cycles. Time to tell them they are irrelevant and ignore them.

Webmaster - 24 August 2008 10:19 PM

metpound - 24 August 2008 10:08 PM

I am sure Obama will fix it all.

As a very smart person once told me “the little green men from outer space ain’t gonna come and clean up our messes”.....

Another time when the culprit is in the mirror. We are on the verge of some great technology which will ease the energy situation in the future - it will come, but the question for US is whether we help it come quicker, or simply keep sucking oil and adding to debt....making it harder for our children and future generations.

A 10, 20 and even 30 year plan would be nice. Doesn’t matter who is Prez if we don’t become involved. The (often selfish) business lobbies will win every time if the people don’t demand change.

As usual, I hold out little hope because it is easier to play video games and watch sports on TV than to become involved.

Aside from burning wood, voting is a good place to start and not much harder than video games or watching TV.  I tend to think there are differences between what the candidates will do, not just in the presidential elections but at all levels.  You can learn about your choices on the very computer you’re reading this thread on and it’s at least 50% as much fun.

I haven’t been here since April.

Nice seeing my posts made in 2006 about oil.

You may see 75 buck oil again..... but the bad news will be that we will be in a deflationary spiral.

Sandor - 06 September 2008 07:11 PM

I haven’t been here since April.

Nice seeing my posts made in 2006 about oil.

You may see 75 buck oil again..... but the bad news will be that we will be in a deflationary spiral.

No, it will mean more idiots wil go back to driving gas-guzzlers.  Some people just never learn

Wow, now we are down to $47 a barrel. What next?

egghead2004 - 03 December 2008 02:20 PM

What next?

A worthless dollar.