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GasBuddy News Article

34
votes
Oil $105 jumps to 9-month-high

AP -- AP -

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country's nuclear program.

By Monday afternoon, benchmark March crude was up $2.02 to $105.26 per barrel in electronic trading on the New York Mercantile Exchange, the highest since May. The contract rose 93 cents to settle at $103.24 per barrel in New York on Friday.

Iran's announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from the Islamic republic in six months.


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Submitted Feb 21, 2012 By: SkyWarnTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil $105 jumps to 9-month-high Back to Topics
REPLIES (newest first) Post a Reply
glorioussnookie
Champion Author Tennessee

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Points:1,216,325
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Message Posted: Feb 21, 2012 1:59:25 PM

Definitely take a few minutes and check out the links SkyWarnTX has in their comments!

The news videos are real eye openers!
clpassenubye
Champion Author Los Angeles

Posts:4,282
Points:1,439,970
Joined:Mar 2011
Message Posted: Feb 21, 2012 12:35:04 PM

Not good
TruthMatters
Champion Author New Jersey

Posts:3,681
Points:1,207,660
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Message Posted: Feb 21, 2012 7:35:28 AM

This is getting old, isn't it? It seems like this is what we are concerned about every single minute of the day.
SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 7:20:24 AM

---

The "ENRON LOOP HOLE" allows WALL STREET SPECULATORS to legally trade in the OIL FUTURES MARKET...

CLICK HERE to WATCH the VIDEO explaining the ENRON LOOP HOLE

---
doeslayersr
Champion Author Illinois

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Message Posted: Feb 21, 2012 6:38:01 AM

Another market report which is out of date by the time it is posted.
brbaritone
Champion Author Virginia

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Message Posted: Feb 21, 2012 6:13:39 AM

"Iran's announcement will likely have minimal impact on supplies, analysts said, because only about 3 percent of France's oil consumption is from Iranian sources. Britain had not imported oil from the Islamic republic in six months." O.K., so why increase prices? 'Excuse of the Week.'
SkyWarnTX
All-Star Author Texas

Posts:947
Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 5:06:16 AM

---

The "ENRON LOOP HOLE" allows WALL STREET SPECULATORS to legally trade in the OIL FUTURES MARKET...

CLICK HERE to WATCH the VIDEO the ENRON LOOP HOLE

---
otherdave
Champion Author Indiana

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Message Posted: Feb 21, 2012 4:10:39 AM

Get rid of the Head O-hole in Charge!
SkyWarnTX
All-Star Author Texas

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Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 12:48:53 AM

---

The "ENRON LOOP HOLE" allows SPECULATORS to trade in the OIL FUTURES MARKET...

---
SkyWarnTX
All-Star Author Texas

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Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 12:34:41 AM

---

?? Think SPECULATORS are causing the RISE in OIL Prices ??

---
HA4CNN
Champion Author Toronto

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Message Posted: Feb 21, 2012 12:32:09 AM

And who do you think benefits the most by rising oil prices,why the Government of course so bring on the propaganda so that they can all have a bigger piece of the revenue pie.
ScorpDrvr
All-Star Author Sacramento

Posts:522
Points:178,485
Joined:Sep 2011
Message Posted: Feb 21, 2012 12:27:17 AM

"BO is up to 16 vacations? Wow. That's some real laser focus there."

More focussed than Reagan, Clinton or W, who all had taken more vacations by this time in their Presidencies.
DirtDauber
Champion Author San Antonio

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Message Posted: Feb 21, 2012 12:21:47 AM

Really?
Krykson
All-Star Author Chicago

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Message Posted: Feb 21, 2012 12:21:47 AM

Interesting
bondo
Champion Author Twin Cities

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Message Posted: Feb 21, 2012 12:21:43 AM

Prices up about $0.16 at the pump yesterday.
wulf2000
Champion Author Miami

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Message Posted: Feb 21, 2012 12:21:26 AM

This is the reason as a country there should have a policy of exploration and drilling withing the US but his administration is against it.

DozenSpeed
Champion Author St. Louis

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Message Posted: Feb 21, 2012 12:19:24 AM

BO is up to 16 vacations? Wow. That's some real laser focus there.
gudrench
Champion Author Houston

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Message Posted: Feb 21, 2012 12:18:09 AM

Can you say $5/gal?
LilRedWagonIN
Champion Author Indiana

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Message Posted: Feb 21, 2012 12:18:02 AM

Headline news panics prices, although no real economic effect with actual supplies have little effect.
GryphonX
Champion Author Nevada

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Message Posted: Feb 21, 2012 12:13:52 AM

Here it comes ...
SkyWarnTX
All-Star Author Texas

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Points:57,185
Joined:Jan 2012
Message Posted: Feb 21, 2012 12:13:34 AM

---

? Think SPECULATORS are causing the RISE in OIL Prices?

The "ENRON LOOP HOLE" exempts most over-the-counter energy trades and trading on electronic energy commodity markets from government regulation.

CLICK HERE to WATCH the VIDEO the ENRON LOOP HOLE

---

[Edited by: SkyWarnTX at 2/21/2012 1:16:55 AM EST]
runout9
Champion Author New Jersey

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Message Posted: Feb 21, 2012 12:12:38 AM

Looks higher.
anascom
Champion Author Hamilton

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Message Posted: Feb 21, 2012 12:09:01 AM

ok...
no8c
Champion Author Ohio

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Message Posted: Feb 21, 2012 12:08:59 AM

Thanks for posting this article!
downstream
Champion Author Little Rock

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Message Posted: Feb 21, 2012 12:08:50 AM

pardon me... is that your bigotry showing or are you just genetically ignorant?
The_DR
Champion Author New Jersey

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Message Posted: Feb 21, 2012 12:08:29 AM

Oil is expensive
joezIN
Champion Author Gary

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Message Posted: Feb 21, 2012 12:08:28 AM

DO I HEAR $110?
Tigercat88
Champion Author North Carolina

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Message Posted: Feb 21, 2012 12:08:20 AM

Speculators are looking for an excuse to bid up the prices even higher. There is no reason for all of this except Greed.
btex49
Champion Author Austin

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Message Posted: Feb 21, 2012 12:07:38 AM

Ouch!
Tundralimited2009
Champion Author Dallas

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Message Posted: Feb 21, 2012 12:07:34 AM

Chevez will get some
GAS1251
Champion Author Texas

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Message Posted: Feb 21, 2012 12:05:32 AM

Don't need it.
stephen2155
Champion Author North Carolina

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Message Posted: Feb 21, 2012 12:05:00 AM

Greed
geminijax
Champion Author Jacksonville

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Message Posted: Feb 21, 2012 12:03:54 AM

vulcan96, Comrade Obama will do everything he can to bring down the price of oil & gasoline before the election. You can bet money on that!
Ron77095
Champion Author Houston

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Message Posted: Feb 21, 2012 12:02:07 AM

Boo!
vulcan96
Champion Author Ohio

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Message Posted: Feb 20, 2012 11:59:10 PM

as the muslim in the white house takes his 16th vacation.......has he no shame what so ever
quasar502
Champion Author Lansing

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Message Posted: Feb 20, 2012 11:57:49 PM

Still more speculation on Iran.
bobdec
Champion Author Miami

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Message Posted: Feb 20, 2012 11:53:13 PM

And no signs of stopping for now
frostyWV
Champion Author West Virginia

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Message Posted: Feb 20, 2012 11:52:09 PM

another excuse.
Bussman
Champion Author Dallas

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Message Posted: Feb 20, 2012 11:51:27 PM

$4.00 per gallon unleaded...here we come.
speedraider
Champion Author Orlando

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Message Posted: Feb 20, 2012 11:50:50 PM

no surprize
BWJM
Champion Author KW

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Message Posted: Feb 20, 2012 11:50:48 PM

ok
eomc17
Champion Author Tucson

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Message Posted: Feb 20, 2012 11:47:14 PM

Why is WTI going up because of Iran. It is produced in the USA. This is major b&llsh&t.

Hey Obama, you good for nothing oil company shoe polisher, get up and serve your suffering voters for a change instead of telling us more lies about how you want to help your people. I am ashamed I voted for you,
What have you done for me in 3 years. I lost my house, my family, went bankrupt, and lost 4 jobs.

I disliked Bush but at least I had a job most of the 8 years he was in office and health care was much cheaper.
JohnofGB
Champion Author Flint

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Message Posted: Feb 20, 2012 11:45:48 PM

Too bad we have a president that does nothing to support lower gasoline prices. His policies are wreaking havoc with the American pocketbook. Obama needs to be a one term president.
Zonk
Champion Author Michigan

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Message Posted: Feb 20, 2012 11:43:42 PM

Prices are just starting to rise. Have a great Summer.
Buddy2264
Champion Author Tampa

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Message Posted: Feb 20, 2012 11:41:52 PM

For now I am guessing it will keep going up but no one likes to hear that. They want the profit while they can make it.
pgerassi
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 11:41:03 PM

It will drop again.
59glide
Champion Author New Haven

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Message Posted: Feb 20, 2012 11:38:54 PM

GREED!
hagar2935
Veteran Author Nevada

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Message Posted: Feb 20, 2012 11:38:35 PM

Obama IS responsible for some of the rise, but it also is due to IRAN and the Middle East OPEC GREED.....
LCSTEELERBOB
Champion Author Gary

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Message Posted: Feb 20, 2012 11:38:17 PM

greedy money is all this is about
Matt G
Champion Author Boston

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Message Posted: Feb 20, 2012 11:37:21 PM

Ok
lisa2625
Rookie Author Texas

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Joined:Feb 2012
Message Posted: Feb 20, 2012 11:35:44 PM

Everyone is just blaming Obama, God people are so closed minded
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