$250 a Barrel

Posted By: Dr. Frugal in Economics on 11/06/2007 at 07:26:50

$250 a barrel! Wow. According to the Financial Times, "'Options calls of strikes well over $100 a barrel are being bought by the thousands,' said Nauman Barakat of Macquarie Futures in New York." I think that's a little ridiculous. That would have most US consumers paying over $7.50 a gallon and I can assure you that if that were the case there would be so much pressure on the government representatives some other course of action would be taken. $250 a barrel. Come on.

Comments

No comments yet. Go ahead, be the first.

Leave A Comment:

*Name: URL:

*Message:


*Enter letters to help stop spam: reqzf

Sections

Frugality (71)
(1)
Budget (33)
Credit (31)
Currency (22)
Economics (86)
Loans (42)
Politics (18)
Saving (31)
Taxes (42)

Related:

"C" Ya: Prince Resigns
PetroChina vs. Russia's Economy
Financial Suicide
Remember That Pipeline?
Google vs. Facebook

Most Popular

Debix vs. Lifelock
Is Lifelock a scam?
Review: TurboTax
Need a Coupon for Essentials?
Free Turbo Tax 2016

Most Recent


Need a Coupon for Essentials?
Tips for Saving Money on Fuel
How to Choose the Best Bank
Saving for College
Verizon Promo Codes
Biggest Bankruptcy Ever

Feeds


RSS/XML Feed