Oil hits $70

[uls]

As world demand for oil grows, oil becomes an even more valuable commodity. In the near future, oil will be only available to the rich and powerful countries coz they are the only ones who can afford it AND fight for it.

China is already securing oil supplies for its future needs: http://www.nytimes.com/imagepages/20...A_GRAPHIC.html

[uls]

test

[uls]

$74 na. http://news.yahoo.com/s/nm/markets_o...BhBHNlYwM5NjQ-

[BoEinG_747]

mukhang tataas pa ,

boom talaga trabaho sa oil rig ngayon

[oldblue]

Probably national pride, potential weapon. Well, Israel i think has nuclear weapon so dapat lang na meron din sila, para may deterrent factor sa isat -isa, at wala ng bully. Back to topic , i think yong mga businessman ang nagpapamahal ng gas at hindi yong producing countries. Yong profit ng Exxon mobile eh mas malaki pa sa GDP ng indonesia....

same case here, tingin ko kaya ni-lift ang color-coding scheme kasi konti lang bumibiyahe sa cities during summer season. konti lang din mag-papagas.
konti demand sa fuel kapag in effect color coding.

[Monseratto]

CNN) -- Gas prices are rising, seemingly unstoppable on their way to an average $3 gallon, and the peak vacation driving season is still ahead. On Wednesday, oil prices jumped above $72 a barrel to set another record after a government report said supplies of crude made a surprise decline and gasoline stocks fell far more than expected.

CNN.com asked for readers' opinions on how rising gas prices affect their daily routines, how much gas costs in their area and how concerned they are about overall trends in energy pricing. Here is a sampling of responses, some of which have been edited:

Gas has risen to $3.09 a gallon here in the Bay area. I and several others at work have parked our cars and switched to motorcycles as our primary mode of transportation. At 45+ MPG, it only makes sense to use a motorcycle versus a car.
George D., Mountain View, California, $3.09/gallon

I paid $2.83/gallon today and that was the cheapest gas I could find in the area. Being in sales/marketing, my living is made by going to numerous clients' offices daily and my company only reimburses .37/mi, so I am being hit hard. I'm no longer driving anywhere but where necessary. I pay special attention to speed and where I work on a particular day and don't drive after hours unless necessary. I'm infuriated at the oil/gas companies that recorded record profits and I no longer spend my money on gas at their stations
Amanda, Phoenix, Arizona, $2.83/gallon

Gas prices have always been an issue for us in California. Each time a national average is quoted, my thought has always been, "Gee, I wish our prices were even close to that price!" We have always been 25 cents higher than that average. I don't have a big car and cannot get out of the gas station under $50 (note: It cost me $55 to fill up today at $3.26!!!). I think $4.00 gas is in the near future and it worries me. I travel all over Los Angeles for work and in stop-and-go traffic (which we always have in L.A.), gas goes quick. I think I will have to start cutting out some of the extras (eating out, movies, etc.). I wish we could get the folks in Washington to realize this is a national crisis.
Yawar Charlie, West Hollywood, California, $3.26/gallon

[uls]

Gasoline in California is higher than many other states coz their gasoline has a special blend. Kelangan in order to comply with California's strict emissions rules. Yung blend ng gasoline nila mas mataas ang cost.

Anyway, i read in energybulletin.net that "peak oil" already occurred last Dec. 2005. So that means world oil production has already peaked and now is on a decline. Para sa mga matyaga magbasa: http://energybulletin.net/15126.html

[mrpink]

it's just out of control ..

[uls]

please read this: http://www.msnbc.msn.com/id/12333796/site/newsweek/

[explorer]

the Iranian president wants to establish an Islamic superpower state.

In order to become a power the West will take seriously, u have to have nuclear capability. That's what the Iranian president is trying to accomplish.

Now, the US has to decide:
Invade Iran and create another big problem similar to Iraq... OR... TALK. Talk with Iran.... hoping diplomacy will make Iran stop its nuclear ambitions (which is very unlikely).

hmmm...the iranian president and the prime minister are openly declaring they want to erase israel in the map...these leaders should take full responsibility to their people...if they later develop a nuclear weapon capable of erasing israel, i don't think israel will just wait there to have iran's nuclear weapon land in their soil...knowing their difficult situation, i see israel erasing iran in the map before iran can do that to them.

[Monseratto]

hmmm...the iranian president and the prime minister are openly declaring they want to erase israel in the map...these leaders should take full responsibility to their people...if they later develop a nuclear weapon capable of erasing israel, i don't think israel will just wait there to have iran's nuclear weapon land in their soil...knowing their difficult situation, i see israel erasing iran in the map before iran can do that to them.

kulang na lang yung three horsemen...pero OT na ito.

[city]

when are we expecting oil price hikes here in pinas? by how much?..sorry no time to watch news.....

[uls]

when are we expecting oil price hikes here in pinas? by how much?..sorry no time to watch news.....

they say its going to be a 50 centavo increase every week lasting till the end of May

[uls]

hmmm...the iranian president and the prime minister are openly declaring they want to erase israel in the map...these leaders should take full responsibility to their people...if they later develop a nuclear weapon capable of erasing israel, i don't think israel will just wait there to have iran's nuclear weapon land in their soil...knowing their difficult situation, i see israel erasing iran in the map before iran can do that to them.

The world knows what Israel is capable of. the Iranian president knows it too. He probably wants Israel to strike them, thereby starting a war.

how do u spell it? a-r-m-a-g-e-d-d-o-n

[city]

they say its going to be a 50 centavo increase every week lasting till the end of May

ouch!.....thanks ULS.

[uls]

Profit taking!!! http://news.yahoo.com/s/nm/markets_o...BhBHNlYwM5NjQ-

speculators are EVIL!!!