Oil hits $70

**uls** · April 19th, 2006 10:56 PM

Sana bumaba uli to mid or low 60's.

Our fragile economy cant take another beating... kaka-implement lang ang 12% VAT a couple of months ago. Ngaun 50 centavo increase sa fuel every week.

pero mukhang malabo bababa.

Know what they're gonna say next? Summer driving season na daw sa America. Lalakas daw demand for gasoline. Screw them! Why dont they just leave their freakin SUVs at home and just take the bus?!

**uls** · April 19th, 2006 11:02 PM

test

**jeanpierre** · April 19th, 2006 11:28 PM

Originally Posted by Monseratto

George and Dick used to be involved in the oil industry...business is business.

Yeah, it's true. Dick Cheney was the vice-president of Halliburton Oilfield Services bago sya na elect vice-president ng US. Halliburton is the 2nd largest oilfield services company next to Schlumberger.

**uls** · April 20th, 2006 12:56 AM

The Bushes are Texas oilmen.

Dick Cheney was Halliburton CEO from 1995-2000. He left Halliburton during the 2000 presidential campaign.

Halliburton is making BILLIONS from US govt contracts. Wana work for Halliburton? Their subsidiary KBR is hiring: http://www.halliburton.com/kbr/kbrCa...tingEvents.jsp

Anyway... the EVIL in this world are the speculators. They who control HUGE FUNDS that are moved electronically all over the world seeking opportunities for profits. They drive prices up.

**lakay** · April 20th, 2006 01:05 AM

its time to start riding the bus again.

**oldblue** · April 20th, 2006 02:29 AM

Originally Posted by seonadancing

Dati naniniwala pa ako na di bale tumaas presyo ng gasolina basta may gasolina pang mabibili. But most of the factors that affects oil prices can be attributed to the US. If they didn't go to war with Iraq and stop meddling with the life of Iran then the oil prices wouldn't be that high. Why are they stopping Iran from building a nuclear plant when it would help with their electricty needs. They never found weapons of mass destruction in Iraq did they? I think the US goverment is over reacting to a lot of things because of 9/11, but they are the ones who failed to read the signs that would have prevented all these!!!!!!!

seriously? all this fuzz dahil magpapagawa ng nuclear power plant ang Iran.

pero come to think of it, bakit nga ba sila magpapagawa pa ng nuclear plant eh they have so much oil to begin with ...

**explorer** · April 20th, 2006 03:07 AM

langya...balita kanina sa radio nun pauwi ako...nasa £1.12/lit (P100/lit) na yung diesel dito.

**Monseratto** · April 20th, 2006 08:45 AM

Originally Posted by jeanpierre

Yeah, it's true. Dick Cheney was the vice-president of Halliburton Oilfield Services bago sya na elect vice-president ng US. Halliburton is the 2nd largest oilfield services company next to Schlumberger.

Haliburton is making a lot of moolah in Iraq. They were caught trying to overprice the US goverment.

**typhoon** · April 20th, 2006 10:36 AM

It's a good thing medyo nakikisama ung exchange rate natin. Just read the news medyo maganda naman outlook nila sa Peso that it could reach P48-P49 per $ despite the political turmoil and the surging oil prices. At least ma-offset nya somehow ung pagtaas ng presyo ng langis.

**mcbry** · April 20th, 2006 11:36 AM

Oil jumps above $72 to new high
Supplies of crude post surprise decline, gasoline chalks up big shortfall as summer driving season gets underway.
By Steve Hargreaves, CNNMoney.com staff writer
April 19, 2006: 3:42 PM EDT

NEW YORK (CNNMoney.com) - Oil prices jumped above $72 a barrel to yet another record Wednesday after a government report said supplies of crude made a surprise decline and gasoline stocks fell far more than expected.

U.S. light crude for May delivery soared as high as $72.40 a barrel, a new intraday high, before easing to settle up 82 cents at $72.17 a barrel on the New York Mercantile Exchange, which is also a new closing high. Crude set record trading and closing highs Tuesday as well.