[lbo-talk] Sorry, Peaksters

W. Kiernan wkiernan at ij.net
Mon Sep 25 17:15:24 PDT 2006


mike larkin quoted:

>

> Oil drops to six-month low

>

> TOKYO (Reuters) - Oil prices fell to a new six-month

> low below $60 a barrel on Monday as news of BP

> restoring output at Prudhoe Bay added to a sense of

> healthy global supplies.

>

> U.S. light, sweet crude for November <CLc1> fell 56

> cents to $59.99 a barrel in Globex electronic trading.

> By 0108 GMT it stood 61 cents lower at $59.94 a

> barrel, deepening a seven-week rout that has knocked

> more than $17 a barrel off prices.

"Sorry, peaksters"? You're talking like that's some kind of amazing low, low price. You know what a ratchet is? One month ago I was paying $3.16 a gallon in Tampa for Amoco 93 octane premium, the most expensive street car gas sold; last Friday, after what I think is the rapidest election-season plunge in gas prices I've seen in my whole life, it went all the way down to $2.46 a gallon. I'm supposed to celebrate! Here's what I paid three years ago:

20031112 1.639 20031117 1.639 20031122 1.639 20031128 1.699 20031203 1.599 20031209 1.619 20031215 1.619 20031220 1.659 20031229 1.659 20031231 1.679 20040106 1.679 20040111 1.739 20040115 1.799 20040120 1.799 20040125 1.779 20040129 1.779 20040203 1.799 20040207 1.799 20040211 1.779 20040217 1.819 20040220 1.799 20040225 1.849 20040302 1.859 20040309 1.899 20040314 1.899 20040317 1.939 20040323 1.939 20040328 1.899 20040401 1.959 20040407 1.979 20040413 1.959 20040414 1.959 20040415 1.999 20040416 1.999 20040422 1.999 20040428 2.009 20040504 1.999 20040509 2.059 20040515 2.099 20040519 2.159 20040524 2.199 20040602 2.199 20040607 2.199 20040610 2.159 20060615 2.159 20040620 2.159 20040624 2.099 20040628 2.099 20040702 2.059 20040707 2.019 20040713 2.049 20040714 2.099 20040719 2.029 20040723 2.009 20070727 2.099 20040802 1.929 20040806 1.929 20040818 1.759 20040819 1.999 20040825 1.929 20040830 1.909 20040903 2.099 20040909 1.999 20040912 1.999 20040915 2.039 20040920 1.999 20040924 1.879 20040929 2.139 20041004 2.099 20041008 2.099 20041014 2.169 20041020 2.199 20041025 2.199 20041028 2.199 20041102 2.199 20041108 2.179 20041112 2.149

Yours WDK - WKiernan at ij.net



More information about the lbo-talk mailing list