Green Energy
It's too cheap, at least according to Iranian President Mahmoud Ahmadinejad.
Millions of Americans would disagree.
The Iranian state news website quoted Ahmadinejad on oil's value on Friday while attending an international petrochemical exhibition in Iran:
This week the contract price for crude oil on the New York Mercantile Exchange ended on a record close of $116.69 dollars a barrel on Friday. It had earlier reached an all-time record peak price of $117 dollars earlier in the day. Some predict that oil will reach $150 a barrel this year.
Higher crude prices will cause even higher gasoline prices in the coming days and weeks forcing higher food and consumer goods costs and pain at the gas pumps for millions of Americans.
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Yahoo/AP: Wholesale prices up 1.6 pct. on steep rise in food Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years On Wednesday March 16, 2011, 8:57 am EDT WASHINGTON (AP) -- Wholesale prices jumped last month by the most...
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MSNBC: OPEC ministers say world can handle $100 oil Other exporters indicate that cartel may not increase crude production By Shaimaa Fayed and Amena Bakr CAIRO — The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister...
- Oil:fundamentally, There Is Little Reason For The Recent Price Spikes
The economy shows only manipulated numbers of some kind of hope for the end of the year for those who emotionally or politically cannot bear the realities of mild deflation (checked those LCD screen prices lately ?) . Prices on homes, appliances,...
- Doubling Of Prices At The Gas Pump To As Much As $10 A Gallon ?
That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize. Gasoline nationally is in an accelerated upswing, having jumped...
- Further To Pastorius ..when In Doubt About A Course Of Action, Always Kill The Jews First
Anyone in doubt about how this all ends???? I have a prediction set ... TEHRAN (Reuters) - Israel will be Iran's first target in response to any "evil" act by the United States, a senior commander in the Iranian Revolutionary Guards said on Tuesday....
Green Energy
$115 a Barrel Oil is Too Cheap
It's too cheap, at least according to Iranian President Mahmoud Ahmadinejad.Millions of Americans would disagree.
The Iranian state news website quoted Ahmadinejad on oil's value on Friday while attending an international petrochemical exhibition in Iran:
"Oil at $115 dollars a barrel in today's market is a deceiving figure, oil is a strategic commodity and should find its real value."
This week the contract price for crude oil on the New York Mercantile Exchange ended on a record close of $116.69 dollars a barrel on Friday. It had earlier reached an all-time record peak price of $117 dollars earlier in the day. Some predict that oil will reach $150 a barrel this year.
Higher crude prices will cause even higher gasoline prices in the coming days and weeks forcing higher food and consumer goods costs and pain at the gas pumps for millions of Americans.
- Originally posted on Food and Fuel America.
-
Yahoo/AP: Wholesale prices up 1.6 pct. on steep rise in food Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years On Wednesday March 16, 2011, 8:57 am EDT WASHINGTON (AP) -- Wholesale prices jumped last month by the most...
-
MSNBC: OPEC ministers say world can handle $100 oil Other exporters indicate that cartel may not increase crude production By Shaimaa Fayed and Amena Bakr CAIRO — The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister...
- Oil:fundamentally, There Is Little Reason For The Recent Price Spikes
The economy shows only manipulated numbers of some kind of hope for the end of the year for those who emotionally or politically cannot bear the realities of mild deflation (checked those LCD screen prices lately ?) . Prices on homes, appliances,...
- Doubling Of Prices At The Gas Pump To As Much As $10 A Gallon ?
That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize. Gasoline nationally is in an accelerated upswing, having jumped...
- Further To Pastorius ..when In Doubt About A Course Of Action, Always Kill The Jews First
Anyone in doubt about how this all ends???? I have a prediction set ... TEHRAN (Reuters) - Israel will be Iran's first target in response to any "evil" act by the United States, a senior commander in the Iranian Revolutionary Guards said on Tuesday....