|
Recent Comments
05Flame red on Backseat Driver: Lock up your cars! Mechaphilia is in town! Carmine on Backseat Driver: The polar bear is where the rubber meets the road crash course on Backseat Driver: Driving a Lamborghini exposes my hypocrisy David on Backseat Driver: The polar bear is where the rubber meets the road Dick Tuck on Backseat Driver: The polar bear is where the rubber meets the road Greg on Ford's US sales down, Toyota up in April as gas prices rise You can live in your car, but you can't drive your house on Backseat Driver: Fuel efficiency and green sell right now Stephanie on Ford's US sales down, Toyota up in April as gas prices rise mart on Oil prices over $115 on supply concerns Mart on Backseat Driver: Drunk drivers who maim and kill are beyond the pale To comment on any posting, click on the word 'Comments' at the end of the item. |
 |
| Projo CarsBlog About cars and those who make, sell, collect, fix, drive, love and curse them |
|
|
June 6, 2008
Oil Prices Skyrocket, Taking Biggest Jump EverOil prices had their biggest gains ever on Friday, jumping nearly $11 to a new record above $138 a barrel, after a senior Israeli politician raised the specter of an attack on Iran and the dollar fell sharply against the euro, according to The New York Times. The unprecedented gains on Friday capped a second day of strong gains on energy markets, and fueled suspicions that commodities might be caught in a speculative bubble. Oil futures surged $10.75, or 8 percent, to $138.54 a barrel on the New York Mercantile Exchange. The record gain followed a jump of 5.5 percent on Thursday, bringing total two-day gains to $16 a barrel.
Posted by Peter C. T. Elsworth Oil rises almost $7, closing in on recordNEW YORK -- Oil prices shot up nearly $7 a barrel Friday, extending big gains from the previous day and racing toward an all-time high after a Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July, according to the Associated Press. A further weakening of the dollar helped keep prices high by enticing overseas buyers armed with stronger currencies and other investors looking for a hedge against the greenback. Light, sweet crude for July delivery jumped as much as $6.96 to $134.75 on the New York Mercantile Exchange, before easing slightly to trade at $134.40, up $6.61.
Posted by Peter C. T. Elsworth $45 trillion needed to combat warmingTOKYO -- The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050, according to an energy study released Friday and reported by the Associated Press. The report by the Paris-based International Energy Agency envisions a "energy revolution" that would greatly reduce the world's dependence on fossil fuels while maintaining steady economic growth.
Posted by Peter C. T. Elsworth |
| Su | Mo | Tu | We | Th | Fr | Sa |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 |
RSS feed
|
CATEGORIES AAA
Companies
Marques
|