Oil hits 10-mth high above $126 on Mi...

Oil hits 10-mth high above $126 on Mideast jitters

There are 8 comments on the in.reuters.com story from Mar 1, 2012, titled Oil hits 10-mth high above $126 on Mideast jitters. In it, in.reuters.com reports that:

Brent oil futures rallied for a second day on Thursday, rising more than 2 percent to a 10-month high above $126 after Israel said it would test-fire a ballistic interceptor missile, raising fears of a conflict with Iran.

The unusual announcement further boosted oil prices already strongly higher on upbeat economic data from the United States and China and worries of Iran-related supply disruptions. "This is another Brent-driven escalation trade," said Richard Ilczyszyn, chief market strategist and founder of iitrader.com LLC in Chicago

Join the discussion below, or Read more at in.reuters.com.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#1 Mar 1, 2012
HERE is a clear indication to President Obama that speculation is driving up oil prices.

Mr Obama, what are you waiting for?

The problem with rising gasoline prrices is SPECULATION !

Address this !
CHECK SIX

North Port, FL

#2 Mar 1, 2012
Obama said try SEAWEED in yer tank...best He try it up where the Sun do not shine...

High Prices on Fossil fuel was his goal..this to Croak us into not driving and pursing GREEN SLIME FAILERS!

CHING CHONG CHU...His Energy Puppet,said This administration should have Americans pay for Gas like Europe...8-9 dollars a Gal....and again in the Senate hearing.he said..its not this Administration to provide more Fossel fuel..GAS,but to kill the internal combustion engine...

With all the now OBAMA BS excuses..for its election coming,it has been OBAMAS plan from the beginning to KILL GAS use in AMERICA

The reason for this High Prices????..Forcing Americans into something we do not want...meanwhile CHINKS are slopping up OIL,world over...even from the USA!.. NUMBNUTS!...Loons forgot Gas was $1.69 when this INCOMPETENT walked in the WHITE HOUSE.....A time in retrospect,a scant 4 years ago WERE BETTER OFF WITH OUT THIS SOCIALIST!!

WHATS IN YER WALLET??....Try SEAWEED,Kelp!...and you LOONS can stick it up yer KAZOO also!!
CHECK SIX

North Port, FL

#3 Mar 1, 2012
From The Horse's ASS himself

Chu, a Nobel Prize-winning physicist and the highest-profile DOE secretary in years, has increasingly become a lightning rod for the right over his statements about fuel prices. Critics have seized on comments he made to The Wall Street Journal in the fall of 2008 that “somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”

At Thursday’s Science Committee hearing, Rep. Jim Sensenbrenner (R-Wis.) repeatedly pressed Chu to disavow his 2008 remarks. "Can you retract that statement now, or is that your goal and goal of the administration?" Sensenbrenner asked.

“That is not my goal —,” Chu responded.

“Then you retract the statement?” Sensenbrenner asked.

Chu replied: "Everything I’ve done as secretary of Energy is to first try to lower the prices by — we invested in ways to increase production. We’ve invested in other ways, in batteries and biofuels and efficiency to help the American public.”

Read more: http://www.politico.com/news/stories/0312/735...

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#4 Mar 1, 2012
CHECK SIX wrote:
From The Horse's ASS himself
Chu, a Nobel Prize-winning physicist and the highest-profile DOE secretary in years, has increasingly become a lightning rod for the right over his statements about fuel prices. Critics have seized on comments he made to The Wall Street Journal in the fall of 2008 that “somehow, we have to figure out how to boost the price of gasoline to the levels in Europe.”
At Thursday’s Science Committee hearing, Rep. Jim Sensenbrenner (R-Wis.) repeatedly pressed Chu to disavow his 2008 remarks. "Can you retract that statement now, or is that your goal and goal of the administration?" Sensenbrenner asked.
“That is not my goal —,” Chu responded.
“Then you retract the statement?” Sensenbrenner asked.
Chu replied: "Everything I’ve done as secretary of Energy is to first try to lower the prices by — we invested in ways to increase production. We’ve invested in other ways, in batteries and biofuels and efficiency to help the American public.”
Read more: http://www.politico.com/news/stories/0312/735...
You go around in circles, that's why you never get to a point.

“Liberty & Justice For All”

Since: Aug 11

United States of America

#5 Mar 1, 2012
Question: Who is causing these "Mideast jitters" driving up the price of oil?

Answer: Israeli Jews and their neocon partners on Wall Street.

Question: Who is profiting from these "Mideast jitters" driving up the price of oil?

Answer: Israeli Jews and their neocon partners on Wall Street.



Ralph

Grand Rapids, MI

#6 Mar 1, 2012
Come on $5.00 a gallon, it's a small price to pay if it gets retardo kicked to the curb in November.

“i hope we can change this!”

Since: Aug 08

usa

#7 Mar 1, 2012
Mr_Bill wrote:
HERE is a clear indication to President Obama that speculation is driving up oil prices.
Mr Obama, what are you waiting for?
The problem with rising gasoline prrices is SPECULATION !
Address this !
don't hang by your thumbs waiting for your fearless leader to do ANYTHING about this...
didn't you listen to him?
he want's us paying $10 a gallon!
he wants utilities to skyrocket!
he flatout said these things!

2 of the hundreds reasons i never did, nor, never would vote for him...
(and not ONE of those reasons is the color of his skin!
the thinness of it, yes!, the color, no.)

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#8 Mar 2, 2012
carey529 wrote:
<quoted text>
don't hang by your thumbs waiting for your fearless leader to do ANYTHING about this...
didn't you listen to him?
he want's us paying $10 a gallon!
he wants utilities to skyrocket!
he flatout said these things!
2 of the hundreds reasons i never did, nor, never would vote for him...
(and not ONE of those reasons is the color of his skin!
the thinness of it, yes!, the color, no.)
Did he say this on FOXLIES?

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