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Oil $100.40 a barrel - a new record

JHMEG · 2008-02-20 18:28:44

..on fears that OPEC might cut production: http://www.rte.ie/business/2008/0220/oil.html

20-02-2008 6:28pm

#1

JHMEG

Closed Accounts Posts: 7,686 ✭✭✭

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Posts: 7474

..on fears that OPEC might cut production:

http://www.rte.ie/business/2008/0220/oil.html

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Comments

#2 20-02-2008 7:13pm

who_ru

Registered Users, Registered Users 2 Posts: 2,033 ✭✭✭

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hi,

the price of oil itself has not gone up all that much as output is still the same, it hasn't been cut which is what really drives the price up.

these price increases are solely attributable to ****ty speculators betting that OPEC will cut output.

it's all a game and they are in to make a fast profit which results in higher forecourt prices to you and me.

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#3 20-02-2008 8:48pm

Run_to_da_hills

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How much oil is in these barrels?? is it 40 Gallons??

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