Oil price at $100 a barrel

[Ellipsis]

http://news.bbc.co.uk/2/hi/business/7168664.stm

It is a milestone....good to live in region which potentially holds the world's second largest oil reserves...

[sorabji_66]

http://news.bbc.co.uk/2/hi/business/7168664.stm

It is a milestone....



Well, it hasn't done too badly, considering that every year since 1971 I've had to read about how it's pretty close to drying up forever on the planet.

[mancroft]

No it isn't. It's a millstone (around your neck).

[Latte]

The dollar shalt be weakened, and the vacuum that shalt ensue shalt be filled with the euro, for so it was told, and so it will be.

[LowEnd]

Oil is dealt in dollars globally, so the whole world gets burned for it.
Over the pond in England, we just hit our own milestone, garage sells at £1 per liter.

Edit: share prices for everything that isn't sold in dollars is rising, not just gold.

[Ellipsis]

So much attention these days is focused at the middle east but I would like to remind Americans it is not Saudi Arabia that you are getting most of your oil from. No, it is from good old Canada that you get this life blood...by a large margin as well...So all I can say to Canadians is stop driving, use more local products, become more efficient and pressure the government to increase royalties...and watch the money pour in...

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

[Ferrus]

No it isn't. It's a millstone (around your neck).
Correction: around all our necks.

[Latte]

Correction: around all our necks.

Correction: inside all your necks, slowly suffocating you in a most painful way.

[The Concertinist]

Behold the truth behind why oil hit $100 a barrel: http://news.bbc.co.uk/2/hi/business/7169543.stm