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Thai Talk
Analysis and comments on political and current affairs
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Sunday , June 29 , 2008
More shocking news; Oil price to hit $170 in six months?
Posted by Yoon , Reader : 702 , 18:26:30  
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More bad news is on the way....OPEC President Chakib Khelil predicted that the price of oil will shoot up to $170 a barrel before the end of the year. He says the continued rise in oil price is due to the dollar's decline and political conflicts in various parts of the world.

Khelil told Bloomberg News Service that political pressure on Iran and the depreciation of the US currency have caused a surge in oil prices.

He claims that the rising cost of crude oil is not linked to supply. "There is more than enough oil in the market to meet the international demand."

 

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comment 5
ChristySweet date : 03/07/2008 time : 10.22
http://blog.nationmultimedia.com/ChristySweet

HIgh oil prices mean that sooner rather than later , the earth's populaton will have to stop polluting her . I'm glad and look forward to a complete breakdown of the sick consumerist society we live in . I'm getting off the grid and planting my own food and getting near the sea for protein . Take care of yourselves , stop thing governments should do it for you . There is no Daddy !!!
comment 4
Manhunt date : 30/06/2008 time : 10.17

Yoon - What's so surprising? I watched your recent TV show about Oprah Winfrey losing her grips, so nothing stays forever.

It's time you and I learn to ride scooters to work and bicycles to market
comment 3
PasaNINJA2499 date : 30/06/2008 time : 00.19
http://blog.nationmultimedia.com/PasaNINJA2499
Keep walking forward. Don't give up. Don't fed up.

OMG....what is the reason?
comment 2
Dalmasian date : 30/06/2008 time : 00.11
http://blog.nationmultimedia.com/dalmasian

Read the following articles on Dow Jones' www.marketwatch.com for a different view of where the price of crude oil might be headed if the US Congress acts to stop crude oil speculations in the markets by non-oil industry related hedge, index and mutual funds.

http://www.marketwatch.com/news/story/gas-could-fall-2-if/story.aspx?guid=%7b2673C102-68E0-41D9-9C9A-10EE2E723948%7d&dist=TNMostRead&print=true&dist=printMidSection

http://www.marketwatch.com/News/Story/lawmakers-vow-strip-secrecy-oil/story.aspx?guid=%7b7AFF8F13-BF4A-4D16-A067-3C0B9D5CB2DA%7d&print=true&dist=printMidSection

-- Dalmasian
comment 1
Piset date : 29/06/2008 time : 21.24
http://blog.nationmultimedia.com/mahwatthai
Piset

Yoon, you are optimistic, if you believe this. With autumn coming up within 4 months, and US dollar's value falling like the autumn leaves, I am afraid that the oil price will reach 180 to 200 by then.
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