Another record set, how much higher will it go?

Question

Oil hits record near $140 a barrel

Many analysts believe the dollar's protracted decline is a major factor behind oil's doubling in price.

Answer 1

this is the product of catering to the far left for far too long..  new drilling sites, new refineries, increased nuclear usage.. all this should've been done decades ago.. now, nothing we can do will have immediate impact.   and we're gonna have the Cuban/Chinese alliance side-drilling our oil off of our coasts..  nice work enviro-wackos.  i'm all for the preservation of mother earth, but at the extreme expense of humanity that watches over it?  stupid.

Answer 2

I'm willing to say $175/barrel this year. Keep in mind the price of retail unleaded is lagging oil, so 4.50 to $5.00 is right around the corner.

Something has to be done. The Saudi's will raise production to 9.7 million barrels per day by the end of July. Hopefully the rest of OPEC follows.

Answer 3

We get 60% of our Oil from Mexico and Canada for $65.00 a barrel. Our Repub government puts it on the stock market for the Rich investers to sell it for $140.00 a barrel. Canada has so much ( Oil Sand ) they are digging a pipeline out to the ocean to start pumping it into Korean ships. That is where ALL our Oil in Alaska goes. We don't get a drop of our own Oil

Answer 4

If a madman named

John McCain who loves Singing " Bomb Bomb Bomb, Bomb Bomb Iran "

http://www.youtube.com/watch?v=hAzBxFaio...

becomes President  $12.00 a gallon

Answer 5

There is no way America should be in this mess, we have been kissing the far east's butt and not useing our own technology to help our on people. They are holding our feet to the fire and can.