Originally posted by moweutTo peak it would have to reach a maximum and never again exceed it. Knowing that it is a finite resource can you describe conditions under which this would occur?
in case you hadnt noticed it is breaking out.
now at $648.70 up $12.70 today on the back of other significant rises this week.
Originally posted by XanthosNZwell then you XanthosNZ, should take all your money, all $5 dollars of it, and invest in salt, because salt too will appreciate past its current value in the long term and what is more there is a guaranteed market for salt. .
But if you hold onto it in the medium to long term it will increase past that temporary peak.
Originally posted by XanthosNZ
And then I remember, I could never be as utterly retarded as some of you.
but you try really really hard.
Originally posted by XanthosNZHow do you know it is a finite resource?
To peak it would have to reach a maximum and never again exceed it. Knowing that it is a finite resource can you describe conditions under which this would occur?
For all we know there could be untapped reserves on other planets, in other galaxies, etc, that we have yet to plunder as we do not have the ability to do so at present.
Originally posted by moweutOil has been going up this week and last due to insecurity about Iran. If war does break out against Iran, expect oil prices to skyrocket. Why this should be, considering that we (meaning the coalition forces in Iraq) are in control of the Iraqi oil reserves, widely considered to be #2 in the world in sheer number of barrels, is beyond me.
and while were at it, $100+ for crude oil.
Originally posted by SuzianneInteresting, eh. Iran gets belligerant, and gets rewarded with millions of extra dollars for the effort.
Oil has been going up this week and last due to insecurity about Iran. If war does break out against Iran, expect oil prices to skyrocket. Why this should be, considering that we (meaning the coalition forces in Iraq) are in control of the Iraqi oil reserves, widely considered to be #2 in the world in sheer number of barrels, is beyond me.
Originally posted by adramforallBut even then it would still be finite there would just be more of it. Unless of course you are assuming the universe is infinite.
How do you know it is a finite resource?
For all we know there could be untapped reserves on other planets, in other galaxies, etc, that we have yet to plunder as we do not have the ability to do so at present.
Originally posted by sasquatch672enter the realm of sanity??? you expect that from the current regime????
Gold will be back under $400 by the end of the year. The Fed's printing too much money; when they figure this out and take some back, everything - oil, gold, other commodities - will re-enter the realm of sanity.
meanwhile after a brief consolidating interlude gold is on its way again, currently GOLD 100 OZ 638.500 up 3.000, hold on to your hats there cowboy.
Not to be out done
Crude oil rose to a record $75.35
currently CRUDE OIL Futures at 75.120
prices from www.bloomberg.com