Re: Oil at $100 per barrel ? ? ?


"Mario,South Africa" <gomario@xxxxxxxxxxxxxx> wrote in message
news:e2hs2b$63l$1@xxxxxxxxxxxxxxxxxxxxx
Huh, while you are busy arguing which is better, cheaper etc., the oil
price goes up and up and even more up and now is $75/barrel ! Let's play a
game trying to guess when the magical $100 will be reached. I remember my
dad saying - 'not in my life time', but that was before Bush become
president ! And how does the oil price influence solar and atomic energy?
Even Nay-Sayers have to agree, it must have 'some' influence :-)


http://www.ameinfo.com/86415.html
Falling oil to cool Gulf boom
Saudi Arabia: 7 hours, 50 minutes ago
A gradual fall in oil prices will dampen the economic boom in the Gulf
region according to forecasts by the Standard Chartered Bank, reported Gulf
News. Steve Brice, Regional Head of Research for the bank, said that oil
prices should fall to around $40 a barrel by 2010, undermining GDP. The bank
predicts that the slowdown will be gradual due to the rapid economic
diversification taking place.

http://www.ameinfo.com/86451.htmlSaudi, US agree on oil prices
Saudi Arabia: 4 hours, 45 minutes ago
US Secretary of State Condoleeza Rice and Saudi Foreign Minister Prince Saud
Al Faisal used a news conference in Washington on Thursday to express their
concern at continued high oil prices, reported Reuters. In a statement, the
two said that they have a shared strategic interest in a stable energy
market with moderate prices. The US is the world's largest user of oil and
Saudi Arabia is the world's biggest producer.


http://english.people.com.cn/200605/20/eng20060520_267202.html
World crude oil prices fall below 69 dollars



World crude oil prices fell below 69 dollars Friday as traders took
profit. New York's main contract, light sweet crude for delivery in June,
fell 92 cents to close at 68.53 dollars a barrel. In London, Brent North Sea
crude for July delivery dropped 99 cents to 68.68 dollars a barrel. The
Department of Energy said Wednesday that gasoline stocks grew for the third
straight week by 1.3 million barrels last week to 206.4 million barrels.
Crude oil inventories slipped by 100,000 barrels last week to 346.9 million
barrels, or 4.7 percent higher than last year, and distillate fuel stocks
also fell by 100,000 barrels to 114.6 million barrels, or 7 percent higher
than last year.



K. Jones


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