why is oil going CRAZY right now?

[jonbig04]

it just hit 125.43

 

[Jayford]

it hit 125.95 last night.

 

[Surdo]

for the same reason it just traded @ $125.60 and back to $125.42!

Wheeeeeeeeeeeeeeeeeeeee.

We need another oil thread.

 

[stock_trad3r]

emerging markets need oil

funds bidding it up

too much demand, not enough supply

 

[jonbig04]

wow 126.

I'm shorting it.



Just kidding.

 

[erlewine]

Quote from jonbig04:

it just hit 125.43

O RLY

 

[stock_trad3r]

breaking news:

a truck carying oil crashed, spilling the oil

 

[jonbig04]

Quote from stock_trad3r:

breaking news:

a truck carying oil crashed, spilling the oil

haha!

it has now been discovered that it is necessary to change your car's engine oil every 2,500 miles.

 

[S2007S]

Everytime I hear why oil is up its because of "supply concerns" the sad thing is that I have heard that from 40-50 a barrel all the way up to 100+. Remember the words "ALTERNATIVE ENERGY", I heard those words more around 65-70 oil then I do now with 120+ oil. Seems to me alternative energy is only in fantasy land.

 

[stock_trad3r]

Quote from S2007S:

Everytime I hear why oil is up its because of "supply concerns" the sad thing is that I have heard that from 40-50 a barrel all the way up to 100+. Remember the words "ALTERNATIVE ENERGY", I heard those words more around 65-70 oil then I do now with 120+ oil. Seems to me alternative energy is only in fantasy land.

Theonly viable forms of alternative entergy are nuclear and coal. Wind,solar, hydro is too expensive and situational.