Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:19 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil price rockets as militants head towards Iraq's reserves Back to Topics
NOTSOGRN

Champion Author
Michigan

Posts:2,521
Points:2,081,275
Joined:Dec 2007
Message Posted: Jun 15, 2014 1:13:14 AM

Oil prices have reached a three-year high of $113.50 a barrel following rapid gains by militants in Iraq.

The key Brent Crude index rose by nearly $5 over the week, a level not seen since the Arab Spring of 2011, after militants of the Islamic State of Iraq and al-Sham (Isis) captured Mosul, Iraq’s second city on Monday,

Meanwhile, Kurdish fighters, known as the Peshmerga, have moved to take control of the oil-rich northern city of Kirkuk.

A number of UK oil firms such as Genel Energy, Gulf Keystone Petroleum, and Afren have assets in Iraqi Kurdistan, the semi-autonomous region in the north of Iraq, 50 miles from Mosul. Genel’s chief executive, former BP boss Tony Hayward, said it was ‘business as normal’. Gulf Keystone’s chief executive Todd Kozel said the firm ‘remained alert to...
Visit Daily Mail for full article
REPLIES (newest first) Post a Reply
Profile Pic
ep3guy
Champion Author Maryland

Posts:1,353
Points:777,575
Joined:Jun 2012
Message Posted: Sep 9, 2014 5:58:28 AM

Ok
Profile Pic
ss70
Champion Author Detroit

Posts:13,023
Points:2,480,655
Joined:Sep 2005
Message Posted: Jun 16, 2014 9:24:16 AM

Just full of it .. thx sleeping feds and traders
Profile Pic
streetdesign
Champion Author Illinois

Posts:3,014
Points:1,208,350
Joined:May 2011
Message Posted: Jun 16, 2014 8:05:07 AM

Greed. Speculative greed is the cause of high gas prices.
Profile Pic
dandvicb
Champion Author Bridgeport

Posts:3,056
Points:1,659,470
Joined:Jul 2004
Message Posted: Jun 16, 2014 6:56:51 AM

SAME OLE BS!! PURE MARKET SPECULATION & WALL STREET GREED!!!
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:5,364
Points:1,174,765
Joined:Nov 2011
Message Posted: Jun 16, 2014 12:32:42 AM

Speculation breeds despair.
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,522
Points:3,095,400
Joined:May 2005
Message Posted: Jun 16, 2014 12:23:37 AM

they all love it
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,933
Points:1,045,520
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:21:38 AM

"I 'EFFIN TIRED OF IT! COME ON AMERICA! DO SOMETHING OBAMA! "

What exactly should this country do to make you feel better about yourself?
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,933
Points:1,045,520
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:20:53 AM

"OPEC Ministers love it and they know Obama is a fool when it comes to doing anything constructive like building the Keystone pipeline! "

Get it into your head that Keystone oil is meant for CHINA. It won't lower prices but actually raise them because Keystone oil is already being sold at a discount since it's currently hard to get to the coasts, to be loaded onto tankers and exported away.

Make it easier to move and that discount goes away.
Profile Pic
STLCARDSFOREVER
Champion Author Illinois

Posts:1,608
Points:425,385
Joined:Jan 2014
Message Posted: Jun 16, 2014 12:19:43 AM

I 'EFFIN TIRED OF IT! COME ON AMERICA! DO SOMETHING OBAMA!
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,933
Points:1,045,520
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:18:05 AM

"Bet the US intervenes before that happens....on second thought, red lines mean nothing to this administration. "

Feel up for enlisting? Nobody else does. No boots on the ground. No airstrikes. No nothing. If they can't stand up by now, they never will.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,579
Points:1,410,410
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:17:45 AM

greed
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,933
Points:1,045,520
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:16:17 AM

"Oil and gas prices weren't this high when Bush invaded Iraq, and there was no oil coming out of the country, so why is it this high now?????? "

We've had 11 years since the invasion to suck up all of the cheap oil underground worldwide. Only the expensive and hard to get at oil is left.

Get used to high prices. They're not going away.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:4,507
Points:1,035,165
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:16:16 AM

Might have to cut back on driving?
Profile Pic
pgerassi
Champion Author Milwaukee

Posts:13,655
Points:2,777,170
Joined:Apr 2007
Message Posted: Jun 16, 2014 12:15:15 AM

Baloney!
Profile Pic
Burger09
Champion Author Ontario

Posts:2,761
Points:768,440
Joined:Aug 2009
Message Posted: Jun 16, 2014 12:14:11 AM

Gouging!!!
Profile Pic
Aviator_Rob
Champion Author New York

Posts:6,933
Points:1,045,520
Joined:Mar 2012
Message Posted: Jun 16, 2014 12:14:07 AM

"There will still be a glut shortly. "

How?
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,579
Points:1,410,410
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:13:26 AM

crooks
Profile Pic
alaric76
Champion Author New Jersey

Posts:19,433
Points:3,678,735
Joined:Nov 2004
Message Posted: Jun 16, 2014 12:13:10 AM

gas prices are stable here.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,579
Points:1,410,410
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:13:09 AM

40 cents difference between Statesville, NC and Rock Hill, SC.
Profile Pic
jkpsr
Champion Author New Jersey

Posts:5,936
Points:1,581,580
Joined:Jun 2005
Message Posted: Jun 16, 2014 12:12:03 AM

There will still be a glut shortly.
Profile Pic
Glock26
Champion Author Dayton

Posts:4,152
Points:1,253,050
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:10:55 AM

Bull!
Profile Pic
SteelPenny
Champion Author Dallas

Posts:37,274
Points:3,251,315
Joined:Sep 2005
Message Posted: Jun 16, 2014 12:10:54 AM

The price will top out at a zillion dollars a quart.
Profile Pic
TheSicilian
Champion Author Jacksonville

Posts:8,120
Points:2,116,300
Joined:Feb 2009
Message Posted: Jun 16, 2014 12:09:59 AM

Just what no one needs
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,579
Points:1,410,410
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:08:53 AM

gas is still going down here.
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:3,699
Points:1,043,905
Joined:Jan 2012
Message Posted: Jun 16, 2014 12:08:33 AM

Not Good.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:6,579
Points:1,410,410
Joined:Mar 2011
Message Posted: Jun 16, 2014 12:08:25 AM

This is such crap.
Profile Pic
Syncrude
All-Star Author New York

Posts:641
Points:146,955
Joined:Feb 2014
Message Posted: Jun 16, 2014 12:08:22 AM

ok
Profile Pic
gasmask78
Champion Author Virginia

Posts:4,457
Points:985,280
Joined:Sep 2011
Message Posted: Jun 16, 2014 12:07:53 AM

ugh.
Profile Pic
craigsf38
Champion Author Rochester

Posts:8,448
Points:2,157,955
Joined:Jun 2008
Message Posted: Jun 16, 2014 12:07:08 AM

Old
Profile Pic
Matt G
Champion Author Boston

Posts:7,276
Points:3,419,240
Joined:Jun 2004
Message Posted: Jun 16, 2014 12:05:43 AM

Ok so why did we go there
Profile Pic
yakstar
Champion Author Montreal

Posts:4,965
Points:1,103,525
Joined:Jan 2012
Message Posted: Jun 16, 2014 12:05:37 AM

sweet be jesus!
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:4,596
Points:1,340,855
Joined:May 2010
Message Posted: Jun 15, 2014 10:44:14 PM

Very good question, "caddilac"!!!!
Profile Pic
sljbc475
Champion Author Tucson

Posts:6,938
Points:1,516,100
Joined:Dec 2010
Message Posted: Jun 15, 2014 10:18:50 PM

Prices are too high!
Profile Pic
alterman156
Champion Author New York

Posts:10,250
Points:2,204,000
Joined:Dec 2008
Message Posted: Jun 15, 2014 10:10:41 PM

Not good news to say the least.
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:4,448
Points:1,248,275
Joined:Jan 2009
Message Posted: Jun 15, 2014 5:56:41 PM

Another excuse
Profile Pic
YumaFellow
Champion Author Arizona

Posts:3,969
Points:1,218,070
Joined:Jan 2011
Message Posted: Jun 15, 2014 3:17:59 PM

This is just more spin. Iraq has not been a major player for some time now.
Profile Pic
caddilac
Champion Author Ontario

Posts:19,656
Points:2,787,035
Joined:Apr 2007
Message Posted: Jun 15, 2014 2:49:41 PM


Oil and gas prices weren't this high when Bush invaded Iraq, and there was no oil coming out of the country, so why is it this high now??????
Profile Pic
paulydel
Champion Author Delaware

Posts:11,432
Points:1,295,615
Joined:Jan 2008
Message Posted: Jun 15, 2014 2:37:38 PM

We shouldn't have to be worrying about gas. We have enough of our own. We should be taking care of ourselves.
Profile Pic
IARidgeRunr
Champion Author Quad Cities

Posts:16,381
Points:3,624,310
Joined:Jun 2004
Message Posted: Jun 15, 2014 2:32:26 PM

Went up a nickel to a dime here.
Profile Pic
bigdipperMS
Champion Author Mississippi

Posts:2,604
Points:1,054,440
Joined:Apr 2011
Message Posted: Jun 15, 2014 2:31:10 PM

If the standing army of Iraq would stand up to the ISIS, it would end quickly. If not, things will really start to deteriorate in a hurry. Our gas prices dropped, however, another three cents today to $3.29. Go figure.
Profile Pic
WGW1
Champion Author British Columbia

Posts:3,768
Points:1,012,505
Joined:Jun 2010
Message Posted: Jun 15, 2014 2:31:05 PM

are we surprised??
Profile Pic
ostrichNV
Champion Author Nevada

Posts:2,361
Points:1,042,340
Joined:Feb 2011
Message Posted: Jun 15, 2014 2:27:30 PM

Just another excuse for the speculators.
Profile Pic
bobcatfan
Champion Author Kentucky

Posts:3,577
Points:1,212,940
Joined:Apr 2011
Message Posted: Jun 15, 2014 2:27:29 PM

Bomb the roads and connections between Iraq and Iran and Syria. Create a "no pass" zone and starve the militants out.
Profile Pic
zaq001
Champion Author Atlanta

Posts:6,744
Points:2,120,610
Joined:Oct 2008
Message Posted: Jun 15, 2014 2:26:45 PM

Bet the US intervenes before that happens....on second thought, red lines mean nothing to this administration.
Profile Pic
JoeKR
Champion Author New Jersey

Posts:11,849
Points:2,078,570
Joined:Feb 2006
Message Posted: Jun 15, 2014 2:25:33 PM

Now let's all pay attention to how the robber barrons take us to war this time!
Profile Pic
JerryJoeUC
Champion Author San Antonio

Posts:2,518
Points:809,285
Joined:Sep 2012
Message Posted: Jun 15, 2014 2:24:41 PM

Not surprised by gas prices going up because...pick a reason, but was Iraq's oil output high enough to impact the whole world like this?
Profile Pic
braves89
Champion Author Chicago

Posts:10,359
Points:2,273,015
Joined:Apr 2008
Message Posted: Jun 15, 2014 2:22:51 PM

all about GREED!
Profile Pic
24RaceFan
Champion Author Saskatchewan

Posts:2,165
Points:2,297,630
Joined:Jun 2007
Message Posted: Jun 15, 2014 2:20:50 PM

More problems in the Middle East that have a large bearing on the world price of crude oil.
Profile Pic
puckheadmn
Champion Author Twin Cities

Posts:1,545
Points:1,380,075
Joined:Jul 2008
Message Posted: Jun 15, 2014 2:19:10 PM

Ruining the economy.
Profile Pic
oldiesman
Champion Author New York

Posts:8,991
Points:2,803,595
Joined:May 2006
Message Posted: Jun 15, 2014 2:18:10 PM

OPEC Ministers love it and they know Obama is a fool when it comes to doing anything constructive like building the Keystone pipeline!
Post a reply Back to Topics