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What is the sound of $98/bbl oil rushing upwards? Nothing.

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Ashereng

Petroleum
Joined
Nov 25, 2005
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2,349
Location
CA
Is it just me, or does there seem to be a definite lack of outcry from people? Also, it seems like the Feds either haven't noticed, or doesn't want to say anything about the sudden rise in crude oil prices?

Remember the last time oil prices "zoomed" to over $80 a barrel and Bush started to release oil from the strategic reserve because "everyone" was calling for action? Well, oil prices are over $97 a barrel and no one seems to be saying anything, and just taking the run up in stride.

Or is it just me?

"Do not worry about your problems with mathematics, I assure you mine are far greater."
Albert Einstein
Have you read FAQ731-376 to make the best use of Eng-Tips Forums?
 
Oil is still dirt cheap. For what it provides, $100 a barrel is nothing.
 
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