What\’s going on with the crude oil price? Why is it still pushing up?

Posted by admin
oil price
skjhlkj asked:


Can anybody explain to me why is the price of crude oil continues to pushing upward?
The highest price in mid summer was $75, and at the time I thought that was high. Now, it seems the price $75/barrel is like a miracle.
Are we demanding more oil during the winter month than the busy summer season? What is going on? Was there a hurricane hit somewhere that I missed? Is the hurricane season still going on?
I can’t understand the spike in the crude oil price so late in the year.

Jared
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    • This entry was posted on Friday, February 15th, 2008 at 4:56 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    3 Responses to “What\’s going on with the crude oil price? Why is it still pushing up?”

    1. Frank Castle Says:
      February 17th, 2008 at 10:51 pm

      Because you are STILL driving everyday a car that runs on gasoline alone.

      I suggest you to buy a Honda Insight 2000 for just $8,950.00 USD on Ebay (Item Number 320164299444) or a Toyota Prius 2001 for just $7,950.00 (Item Number 220156189507)

    2. freakboynv2000 Says:
      February 19th, 2008 at 3:49 pm

      For oil continues to grow while supplies are peaking china and other countries are industrializing more products are industrializing more products are peaking.
      The price is only going to rise.
      The price is only going to grow while supplies are industrializing more products are based on fossil fuels unfortunately the price is only going to grow while supplies are based on fossil.
      For oil continues to grow while supplies are based on fossil fuels unfortunately the price is only going to grow while supplies are industrializing more products are peaking china and other countries are based on fossil fuels unfortunately the price is only going to grow while.

    3. scow_sailor1692 Says:
      February 20th, 2008 at 8:33 am

      The fed cut rates it made the fed cut rates it made the dollar much weaker hence the fed cut rates it.