| Fossil Fuels and Peak Oil Forum Restore human legs as a means of travel. Pedestrians rely on food for fuel and need no special parking facilities - Lewis Mumford |
3rd-September-2008, 09:22 AM
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Eco Nut
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Join Date: Feb 2007
Posts: 462
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Crude oil prices have slipped further after Hurricane Gustav failed to disrupt output and on concerns that slowing world growth will dent demand.
New York light, sweet crude fell more than a dollar to $108.64 a barrel, with Brent crude down $1.04 at $107.30.
BBC NEWS | Business | Crude oil price drops below $109
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7th-September-2008, 07:51 AM
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Eco Warrior
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Join Date: Feb 2006
Posts: 715
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Oil prices have dipped below $106 as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use.
US light, sweet crude fell as low as $105.16 a barrel before recovering to settle down $1.66 at $106.23. Brent crude dropped $2.21 to $104.09.
BBC NEWS | Business | Crude oil price drops below $106
Down she goes.
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7th-September-2008, 04:01 PM
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Sapling
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Join Date: Apr 2008
Location: UK
Posts: 89
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How much lower are they realistically likely to go, though? It'll start climbing again, before too long.
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www.howtopowertheworld.com - building resources and opinion on energy and climate issues for anyone willing to read. 
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7th-September-2008, 04:15 PM
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Forum Royalty
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Join Date: May 2006
Location: Norway
Posts: 4,014
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Oil futures close below $107 to post an 8% weekly loss - MarketWatch
Quote:
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"Persistent concerns over weakening oil demand" have weighed on oil prices, said Nimit Khamar, an analyst at Sucden Research, in a note. "The outlook for global economies is looking far from rosy, and is fuelling concerns over demand destruction and pushing oil prices lower."
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Good news? 
Anyway: as demand rises, oil prices rise. And as demand weakens, oil prices fall.
As an environmentalist it is my sincere hope that the demand for oil will keep weakening and weakening and weakening until the oil and energy companies arrive at the combined conclusion that the future must certainly be both solar and windy.
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This chaos is killing me. - And I want to be free. Don't you want to be free?
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9th-September-2008, 09:29 AM
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Forum Hermit
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Join Date: Aug 2004
Location: London
Posts: 1,625
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Oil prices fell on Tuesday, with analysts saying there were signs Opec would decide to keep current production levels when it meets later in Vienna.
BBC NEWS | Business | Oil falls ahead of Opec meeting
How long before it's under $100 do you think?
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23rd-September-2008, 08:23 AM
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Forum Hermit
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Join Date: Aug 2004
Location: London
Posts: 1,625
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The price of oil has jumped by more than $16 to $120.92 a barrel, the biggest one-day gain on record.
There is uncertainty about how the government's financial bail-out plan will work, causing investors to switch to perceived safe havens such as oil.
BBC NEWS | Business | Record one-day jump in oil price
Holy crap!
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23rd-September-2008, 09:48 AM
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Forum Hermit
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Join Date: Jul 2005
Posts: 1,697
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A Swiss banker on Bloomberg TV the other night was saying paper was worthless. He recommended getting gold and commodities, and he stressed PHYSICAL assets, not ETFs. He predicted gold could easily reach $2500/ounce in 2 to 3 years.
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30th-September-2008, 07:50 AM
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Moderator
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Join Date: Jul 2003
Location: NYC
Posts: 2,261
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Oil prices tumbled Monday as concerns about global economic weakness outweighed signs that lawmakers are close to passing a $700 billion bailout of the U.S. financial system. Light, sweet crude for November delivery was down $8.19 to $98.70 a barrel in morning trade on the New York Mercantile Exchange.
Oil drops below $100 on global economic weakness - Sep. 29, 2008
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Selfishness is not living as one wishes to live, it is asking others to live as one wishes to live. - Oscar Wilde
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30th-September-2008, 08:35 AM
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Forum Hermit
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Join Date: Sep 2004
Location: London
Posts: 1,441
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Oil tumbled because the integrity of the dollar was saved.
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30th-September-2008, 09:17 AM
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Eco Nut
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Join Date: Dec 2005
Posts: 273
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The dealers are just lowering their prices so the junkies can still get their fix. Bring on clean energy!
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