Comments on: Oil Soars On Report Of U.S. Supply Decline

Price Nears $146 Per Barrel; Latest Spike Puts Cost Up 50 Percent Since End Of Last Year

Add a Comment See all 192 Comments
by rudy654-2009 July 3, 2008 11:22 AM EDT
Notice the manipulaton:

The push above $145 a barrel was seen as a last technical barrier to prices hitting $150, in what analyst Olivier Jakob of Petromatrix in Switzerland called "the Morgan Stanley self fulfilling prophecy."

In early June, a prediction by Morgan Stanley analyst Ole Slorer that oil prices could reach $150 by the July 4 weekend caused the Nymex contract to jump nearly $11 in a single day.
Reply to this comment
by timdgrim July 3, 2008 11:20 AM EDT
Corporate Fascism is here! Revolution will soon be!
Reply to this comment
by lorrieann51 July 3, 2008 11:20 AM EDT
As I was driving around, I was thinking, remember when Al Queda would attack and what not? What''s to say that they have not infiltrated the commodities market and done their terrorist attacks that way??? Remember, it was told that there were not too smart; that they were using not very technical ways of doing terrorist attacks? Maybe no body wants to die for Alla anymore. What better way to affect all the countries that are affected by high oil prices?? Why have we not heard anything about this? I am sure the government people are smarter than some plain old, off the street person (not a Ph.D. in any kind of terrorist or psychological think tank).

Just a thought.
Reply to this comment
by rudy654-2009 July 3, 2008 11:19 AM EDT
Get the picture: Americans use less, supplies are tightened up to keep the price up. They aren''t about to quit milking us.
Reply to this comment
by floydzepp2 July 3, 2008 11:17 AM EDT
America is doomed. The RINOpublicans killed her.
Reply to this comment
by pdsi July 3, 2008 11:12 AM EDT
What? You don''t like Maple Syrup?

Seriously, we have become a nation of consumers, not manufacturers. It seems we''ve lost control of our destiny. It''s happened so fast...
Reply to this comment
by johnpatrick9 July 3, 2008 10:58 AM EDT
Thanks Humanavance you have stated the problem and the solution. Time to become America again and not some quasi-fascist state.
"Ahhh, my poor America lost.

Once the land of the free and home of the brave, we are now the land of secret prisons, illegal abduction, indefinite incarceration without charge or representation, torture, murder, universal surveillance, and preemptive war of conquest.

But that didn''''t seem to be enough to wake us up.

Perhaps waking up to the fact that our economy has been destroyed, and that we are now literally owned by the Chinese and other foreign enemies, might finally cause us to think, and act.

Perhaps the founding fathers were right after all, and Bush and all of his accomplices should be impeached and tried for betraying them, and our beloved Constitution.

Or perhaps we will simply continue to head full speed down the path to our own destruction.

It''''s up to us fellow Americans. Do we value our freedom and humanity so little that we no longer deserve them? Or will we once again stand to defend and uphold American liberty?"
SearingTruth

A Future of the Brave
Reply to this comment
by u-r-right July 3, 2008 10:58 AM EDT
To "them" it''s a game. To "us" it''s our livelyhood. Time to wake our sleeping giants within folks. We can''t afford to wait any longer.
Reply to this comment
by shanev137 July 3, 2008 10:54 AM EDT
declining U.S. gasoline stockpiles

------------


Wow. Their lies to justify their greed of *** us over just keep getting more ridiculous and hilariously insane each day.

They''re now trying to convince people that when the price of oil and gas spike off the charts...the demand for it spikes off the charts along with it. LOL

Oh yea....we''re all using 10 times more gas right now than ever before. LOL

It''s completely surreal that everyone in this country is just passively sitting by willing to watch the end of this country happen right before their very eyes. It''s almost like the masses want it happen and are getting off on it.
Reply to this comment
by ponco seno July 3, 2008 10:50 AM EDT
Comments by Saudi Arabia''s oil minister suggesting his country had no immediate plans to boost production also lifted prices.



WHY DON''T INVADE SAUDI?



WE NEED ENERGY ALTERNATIVES NOW.
Reply to this comment
by whiskyrocker July 3, 2008 10:48 AM EDT
Excuse of the day. "US supply demand" Tomorrow''s excuse, "wind changes direction" drives oil prices up again,again,again,again Etc..............
Reply to this comment
by Gary Kempf July 3, 2008 10:31 AM EDT
In early June, a prediction by Morgan Stanley analyst Ole Slorer that oil prices could reach $150 by the July 4 weekend caused the Nymex contract to jump nearly $11 in a single day.

It is amazing, some dip weed from a company making money from rising oil prices makes a statement "oil will reach $150.00 a barrel by July 4th." Come on people, this dip weed and others like him are causing the problem....
Reply to this comment
See all 192 Comments
  • MOST POPULAR
Latest News
News in Pictures
Scroll Left Scroll Right
Connect with CBS News

Stay connected with the CBS News using your favorite social networks and online news applications: