Crude Oil Price Rises More Than $10 a...

Crude Oil Price Rises More Than $10 a Barrel to Another Record

There are 29 comments on the Hartford Courant story from Jun 6, 2008, titled Crude Oil Price Rises More Than $10 a Barrel to Another Record. In it, Hartford Courant reports that:

Crude oil rocketed more than $10 a barrel Friday to a record high of $138.54, snuffing motorists' hopes that gasoline prices might ease soon.

Join the discussion below, or Read more at Hartford Courant.

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taz

Bullhead City, AZ

#1 Jun 7, 2008
i dont know what the solution is. it is so hard to recover from a recession. what happens when we go into a depression which is highly likely given the current state of affairs. is cutting back on driving the answer ? the inflaition affects everything we buy food airfare trucking services etc. people raise their prices to cover their costs. thats okay. however when you raise your costs way above and beyond covering your expenses you are then taking advantage of the consumer . in northern new england where it gets cold sooner or the entire northeast i believe the cost of home heating oil will cause senior citizens to literaly freeze to death wrapped up in blankets. this is no joke. if any of you politicians dont put the brakes on this real fast the blood of the elderly will be on your hands. can you live with this ????? we will soon see. 4 5 6 dollars a gallon is morbid. you know it's not worth the time gas or the effort to vote for a bunch of liars. you just never deliver. what a sorry bunch you are. a truely sad state of affairs. also i would never ever contribute to a politicians campaign efforts.
The Zit

Chicopee, MA

#2 Jun 7, 2008
taz wrote:
i dont know what the solution is. it is so hard to recover from a recession. what happens when we go into a depression which is highly likely given the current state of affairs. is cutting back on driving the answer ? the inflaition affects everything we buy food airfare trucking services etc. people raise their prices to cover their costs. thats okay. however when you raise your costs way above and beyond covering your expenses you are then taking advantage of the consumer . in northern new england where it gets cold sooner or the entire northeast i believe the cost of home heating oil will cause senior citizens to literaly freeze to death wrapped up in blankets. this is no joke. if any of you politicians dont put the brakes on this real fast the blood of the elderly will be on your hands. can you live with this ????? we will soon see. 4 5 6 dollars a gallon is morbid. you know it's not worth the time gas or the effort to vote for a bunch of liars. you just never deliver. what a sorry bunch you are. a truely sad state of affairs. also i would never ever contribute to a politicians campaign efforts.
Taz, Taz, Taz, my friend, the politicos in their gated communities are not affected by the high prices. Every new politician (both sides) will promise change and then nothing will happen. Take notice Obama kool-aid drinkers.
Numbers

United States

#3 Jun 7, 2008
Well to start with we should be drilling for our own Oil. Build more refineries and take control over our energy and start more wind, wave and solar energy in the process. Biofuels and ethenol. The Democrats have caused this problem for years blocking drilling and refinery bills. The enviros squawk about the birds and the bees while the nation has become so dependant on foriegn oil that puts us in the situation we are in now.
All the Lemmings will follow Obama blindly pulling that lever without ever thinking once about his voting records are his inept experience. We are facing one of the most important elections in our lifetime and many are running around with their EYES WIDE SHUT following the crowd of socialistic liars. "Obamalaide will save the Nation, The Continent, and maybe even the whole world." What's so special about this Obama? Nothing... Nada..... He will promise change like all the rest and nothing will happen except more taxes and more socialist agendas that will strangle this country. He is in a bit of a situation, if he and Clinton hook up, he will be in the foreshadows of the Clinton Machine. If he chooses someone else he will piss off all the Clinton supporters which in turn vote for McCain. CHANGE??? The Silver tongues will promise us the world until the last lever is pulled ,then it's back to the same ole BS of fighting and bickering back and forth and NOTHING STILL GETS DONE FOR THE PEOPLE. DRILL our OWN OIL.BUILD MORE REFINERIES, And put up the WIND FARMS AND SOLAR PANELS. Priorities!
Todd

East Hampton, CT

#4 Jun 7, 2008
In 2 years everyone will be begging Bush to come back. Surprising how easy it is to sway certain voters. There told that every child born will get $5k if voted for me and people jump up and down not even understanding what consequences that would mean down the road.

Too bad we can't vote Bush in to a 3rd term.
some perspective

Ellington, CT

#5 Jun 7, 2008
taz wrote:
in northern new england where it gets cold sooner or the entire northeast i believe the cost of home heating oil will cause senior citizens to literaly freeze to death wrapped up in blankets. this is no joke. if any of you politicians dont put the brakes on this real fast the blood of the elderly will be on your hands. can you live with this ????? we will soon see. 4 5 6 dollars a gallon is morbid. efforts.
Seniors are not the ones that are the most at risk: they have Medicare, Social Security and are living in many cases in a mortgage free home. It is the working poor that are at risk.

Europe has had gas prices this high and higher for decades, and people are doing fine there. Let's not overdramatize.
voice of reason

Everett, MA

#6 Jun 7, 2008
Why is the federal government not taking action on the high gas prices?

Two oil men in the White House.

To see where the real problem is, we have to look at who is getting the increased amounts we are paying at the pump. That money is going to someone, and those someones would be:

1. Oil corporations and
2. Wall Street commodities investors.

In other words, two wealthy interests that George Bush himself called "his base".

It is not surprising that the first thing oil corporations and their apologists argue for when gas prices rise would be to give them permission to wreck the environment, etc. But we could do all of that and it would not stop the real things that are causing oil prices to rise.

The real solution is to stop the people who are making a killing in profits on the increased gas prices we are paying (and heating fuel and electricity) from taking money out of the pockets of average, everyday people.

Specifically the federal government could:

1. To keep the Wall Street commodities traders from driving up the price of oil like they are by placing curbs on trading when the pricing gets too high. They place those kind of curbs all the time when it is in the interest of wealthy people. Do it to keep the price of gas down for regular people. AND
2. Limit oil company profits.

You can be sure George Bush would never stop his base from stealing from the average, everyday families and you can count on McCain and the other Republicans to follow suit.

The time has come for the politics of greed to come to end.
johnrowlandSucks

Elizabeth, NJ

#7 Jun 7, 2008
It's time for a worldwide, violent backlash against oil speculators and traders. These fartholes should know not a second of peace the rest of their pathetic days.
Liberal S uck

United States

#8 Jun 7, 2008
johnrowlandSucks wrote:
It's time for a worldwide, violent backlash against oil speculators and traders. These fartholes should know not a second of peace the rest of their pathetic days.
I agree on some level. Jumping the price $11 in one day because the dollar was down < 1% hardly seems like a plausible excuse, not to mention that weak job #s imply less oil demand.

Take the speculators and hedge funds completely out of the mix. Then let the true price equilibrum be achieved via demand-supply.

If the hedge funds want to play the oil boom they can invest in companies tha produce the stuff and refine it, etc.

Congress should pass this Mon AM and push every industralized nation with a commodity market to do the same.
Liberal S uck

United States

#9 Jun 7, 2008
voice of reason wrote:
Why is the federal government not taking action on the high gas prices?
Two oil men in the White House.
To see where the real problem is, we have to look at who is getting the increased amounts we are paying at the pump. That money is going to someone, and those someones would be:
1. Oil corporations and
2. Wall Street commodities investors.
In other words, two wealthy interests that George Bush himself called "his base".
It is not surprising that the first thing oil corporations and their apologists argue for when gas prices rise would be to give them permission to wreck the environment, etc. But we could do all of that and it would not stop the real things that are causing oil prices to rise.
The real solution is to stop the people who are making a killing in profits on the increased gas prices we are paying (and heating fuel and electricity) from taking money out of the pockets of average, everyday people.
Specifically the federal government could:
1. To keep the Wall Street commodities traders from driving up the price of oil like they are by placing curbs on trading when the pricing gets too high. They place those kind of curbs all the time when it is in the interest of wealthy people. Do it to keep the price of gas down for regular people. AND
2. Limit oil company profits.
You can be sure George Bush would never stop his base from stealing from the average, everyday families and you can count on McCain and the other Republicans to follow suit.
The time has come for the politics of greed to come to end.
You're flat out dumb. Typical dumb liberal response. What do Bush & Cheney have to do with this, please explain. This is Bubba because he had zero energy policy for 8 years.
taz

Bullhead City, AZ

#10 Jun 7, 2008
i guess we will wait and see. by the way hebron is a nice little new england town.
some perspective wrote:
<quoted text>
Seniors are not the ones that are the most at risk: they have Medicare, Social Security and are living in many cases in a mortgage free home. It is the working poor that are at risk.
Europe has had gas prices this high and higher for decades, and people are doing fine there. Let's not overdramatize.
taz

Bullhead City, AZ

#11 Jun 7, 2008
so do conservatives suck
Liberal S uck wrote:
<quoted text>
You're flat out dumb. Typical dumb liberal response. What do Bush & Cheney have to do with this, please explain. This is Bubba because he had zero energy policy for 8 years.
steve kiefer

Broad Brook, CT

#12 Jun 7, 2008
Governor Rell; we need gasoline rationing, NOW!!!
johnrowlandSucks

Elizabeth, NJ

#13 Jun 7, 2008
taz wrote:
so do conservatives suck<quoted text>
Nuthugger...
taz

Bullhead City, AZ

#14 Jun 7, 2008
i agree 100 percent. we are left out in the cold. no pun intended.
The Zit wrote:
<quoted text>
Taz, Taz, Taz, my friend, the politicos in their gated communities are not affected by the high prices. Every new politician (both sides) will promise change and then nothing will happen. Take notice Obama kool-aid drinkers.
Rude Boy

Ellington, CT

#16 Jun 7, 2008
some perspective wrote:
<quoted text>
Seniors are not the ones that are the most at risk: they have Medicare, Social Security and are living in many cases in a mortgage free home. It is the working poor that are at risk.
Europe has had gas prices this high and higher for decades, and people are doing fine there. Let's not overdramatize.
Some perspective indeed Do you think a senior collecting $1200 to $1500 a month and living in a mortgage free home is well off? Yikes!

Europe also has a great, affordable public transportation system and they use it. We don't have one.
johnrowlandSucks

Elizabeth, NJ

#17 Jun 7, 2008
some perspective

Ellington, CT

#18 Jun 7, 2008
Rude Boy wrote:
<quoted text>
Some perspective indeed Do you think a senior collecting $1200 to $1500 a month and living in a mortgage free home is well off? Yikes!
Europe also has a great, affordable public transportation system and they use it. We don't have one.
It is not much for the seniors, but they can borrow against there home, and do not need to pay for housing or health insurance. Many non-seniors do not have such a privilege.

Europe build or kept its public transportation system when gas costs went up while we dismantled ours. It can be rebuilt.
Liberal S uck

United States

#19 Jun 7, 2008
some perspective wrote:
<quoted text>
It is not much for the seniors, but they can borrow against there home, and do not need to pay for housing or health insurance. Many non-seniors do not have such a privilege.
Europe build or kept its public transportation system when gas costs went up while we dismantled ours. It can be rebuilt.
We have very good mass transporation in populated/dense areas.

Can't have mass transit in places like Iowa and Montana.

Remember, places like England are smaller than Texas and have 100MM people. Economies.
Rude Boy

Ellington, CT

#20 Jun 8, 2008
some perspective wrote:
<quoted text>
It is not much for the seniors, but they can borrow against there home, and do not need to pay for housing or health insurance. Many non-seniors do not have such a privilege.
Europe build or kept its public transportation system when gas costs went up while we dismantled ours. It can be rebuilt.
LOL - One odd thing about borrowing - you have to pay it back
Numbers

East Hampton, CT

#21 Jun 8, 2008
voice of reason wrote:
Why is the federal government not taking action on the high gas prices?
Two oil men in the White House.
To see where the real problem is, we have to look at who is getting the increased amounts we are paying at the pump. That money is going to someone, and those someones would be:
1. Oil corporations and
2. Wall Street commodities investors.
In other words, two wealthy interests that George Bush himself called "his base".
It is not surprising that the first thing oil corporations and their apologists argue for when gas prices rise would be to give them permission to wreck the environment, etc. But we could do all of that and it would not stop the real things that are causing oil prices to rise.
The real solution is to stop the people who are making a killing in profits on the increased gas prices we are paying (and heating fuel and electricity) from taking money out of the pockets of average, everyday people.
Specifically the federal government could:
1. To keep the Wall Street commodities traders from driving up the price of oil like they are by placing curbs on trading when the pricing gets too high. They place those kind of curbs all the time when it is in the interest of wealthy people. Do it to keep the price of gas down for regular people. AND
2. Limit oil company profits.
You can be sure George Bush would never stop his base from stealing from the average, everyday families and you can count on McCain and the other Republicans to follow suit.
The time has come for the politics of greed to come to end.
EYES WIDE SHUT....

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