# Oil could hit $200 a barrel
**URL:** https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242
**Category:** Shift518 Off Topic
**Created:** [June 9, 2008, 10:14am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242 "2008-06-09T10:14:09Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@Vovchandr](https://forums.speedlife.net/u/Vovchandr)
#### Post date: [June 9, 2008, 10:14am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/1 "2008-06-09T10:14:09Z")
> Oil price ‘may hit $200 a barrel’
> Oil well
> Global demand for oil has been fuelled by China and India
> The price of crude oil could soar to $200 a barrel in as little as six months, as supply continues to struggle to meet demand, a report has warned.
> Goldman Sachs energy strategist Argun Murti made the warning as benchmark US light crude passed the $123 mark for the first time.
> US sweet, light crude hit an all-time peak of $123.53 (£63.25) on Wednesday, while London Brent crude jumped to $122.32.
> Mr Murti correctly predicted three years ago - when oil was about $55 a barrel - that it would pass $100, which it reached for the first time in January of this year.
> Chinese demand
> Soaring global demand for oil is being led by China’s continuing economic boom and, to a lesser extent, by India’s rapid economic expansion.
> US light, sweet crude price graph
> Both are now increasingly competing with the US, the European Union and Japan for the lion’s share of global oil production.
> This additional demand comes at a time of continuing production problems in a number of oil-producing nations.
> Production is down in Nigeria after the latest attacks on pipelines this week by anti-government militants, while Iraqi exports through the north of the country have been hit by renewed cross-border raids by Turkish forces against Kurdish insurgents.
> Oil prices are also rising as the key US summer driving season approaches.
> Economists warn that continuing high oil prices will impact on the global economy, hitting growth and fuelling inflation.
> Oil prices have now risen by 25% in the last four months and 400% since 2001
Billions of Chinese citizens are being able to afford cars and bring a piece of American pie home with them. Millions of new car owners in China annually are driving up the demand for oil ensuring that the price isn’t going down.
:ponder
> **[BBC NEWS | Business | Oil price 'may hit $200 a barrel'](http://news.bbc.co.uk/2/hi/business/7387203.stm)**
>
> The price of oil could soar to $200 a barrel in as little as six months, a report warns as crude passes $123.
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### Author:  [@Mike3](https://forums.speedlife.net/u/Mike3)
#### Post date: [June 9, 2008, 10:17am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/2 "2008-06-09T10:17:04Z")
:sad
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### Author:  [@bennyfizzle](https://forums.speedlife.net/u/bennyfizzle)
#### Post date: [June 9, 2008, 10:21am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/3 "2008-06-09T10:21:05Z")
We’re so skrooood :rofl
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### Author:  [@plaf713](https://forums.speedlife.net/u/plaf713)
#### Post date: [June 9, 2008, 10:21am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/4 "2008-06-09T10:21:15Z")
fucking christ, we need to do something
lets drop the bomb :crackup
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### Author:  [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)
#### Post date: [June 9, 2008, 10:26am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/5 "2008-06-09T10:26:05Z")
Shit. You mean GWB asking them to increase oil production didn’t help?
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### Author:  [@cazwrx187](https://forums.speedlife.net/u/cazwrx187)
#### Post date: [June 9, 2008, 10:27am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/6 "2008-06-09T10:27:46Z")
I say we just nuke the whole middle east. All the sand would turn to glass and then we could see the oil underneath! :mwahaha
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### Author:  [@mcflurry](https://forums.speedlife.net/u/mcflurry)
#### Post date: [June 9, 2008, 10:37am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/7 "2008-06-09T10:37:55Z")
im buying a scooter
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### Author:  [@plaf713](https://forums.speedlife.net/u/plaf713)
#### Post date: [June 9, 2008, 10:39am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/8 "2008-06-09T10:39:58Z")
vespa’s ftw
75 miles to the gallon
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### Author:  [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)
#### Post date: [June 9, 2008, 10:40am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/9 "2008-06-09T10:40:26Z")
actually supply has been way up and demand has dropped in the US…it’s just a bunch of bullshit lies we all have been fed…
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### Author:  [@mcflurry](https://forums.speedlife.net/u/mcflurry)
#### Post date: [June 9, 2008, 10:41am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/10 "2008-06-09T10:41:56Z")
we just just over run bush and kill em and then kill the fuckers over there
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### Author:  [@Hang\_Your\_Cross](https://forums.speedlife.net/u/Hang_Your_Cross)
#### Post date: [June 9, 2008, 10:42am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/11 "2008-06-09T10:42:37Z")
[http://businessweek.com/lifestyle/content/apr2008/bw2008041\_945564.htm?chan=autos\_lifestyle+index+page\_best+of+the+lifestyle+channel](http://businessweek.com/lifestyle/content/apr2008/bw2008041_945564.htm?chan=autos_lifestyle+index+page_best+of+the+lifestyle+channel)
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### Author:  [@Wayne64SS](https://forums.speedlife.net/u/Wayne64SS)
#### Post date: [June 9, 2008, 11:51am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/12 "2008-06-09T11:51:31Z")
this kind of shit infuriates me… and what the fuck are people like myself supposed to do come winter and we heat with oil!!!
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### Author:  [@McBitchin](https://forums.speedlife.net/u/McBitchin)
#### Post date: [June 9, 2008, 11:53am UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/13 "2008-06-09T11:53:00Z")
idk move south? best advice I could give ya.
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### Author:  [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)
#### Post date: [June 9, 2008, 12:03pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/14 "2008-06-09T12:03:36Z")
> [@Wayne64SS](#):
>
> this kind of shit infuriates me… and what the fuck are people like myself supposed to do come winter and we heat with oil!!!
You are going to get anally raped. I’d start now and see if you can buy a ton at a fixed price to avoid buying in the winter at a higher price.
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### Author:  [@votblindub](https://forums.speedlife.net/u/votblindub)
#### Post date: [June 9, 2008, 12:07pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/15 "2008-06-09T12:07:10Z")
im buying a kei car
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### Author:  [@Oleg](https://forums.speedlife.net/u/Oleg)
#### Post date: [June 9, 2008, 12:54pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/16 "2008-06-09T12:54:43Z")
maybe I should pick up wind turbine building and solar panels as a hobby.
fyi moving south is not the best solution because you’ll have a huge electrical bill for cooling in the summer instead.
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### Author:  [@Wayne64SS](https://forums.speedlife.net/u/Wayne64SS)
#### Post date: [June 9, 2008, 1:09pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/17 "2008-06-09T13:09:44Z")
> [@Shawn96VR-4](#):
>
> You are going to get anally raped. I’d start now and see if you can buy a ton at a fixed price to avoid buying in the winter at a higher price.
i gotta do something… i dunno what yet but moving aint gonna happen. gotta figure something out. Maybe a wood burner, but i’m lookin at cutting the oil 50/50 with that veggy goodness. we’ll see.
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### Author:  [@Swifty](https://forums.speedlife.net/u/Swifty)
#### Post date: [June 9, 2008, 1:19pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/18 "2008-06-09T13:19:01Z")
lmao at lets drop the bomb
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### Author:  [@Shawn96VR-4](https://forums.speedlife.net/u/Shawn96VR-4)
#### Post date: [June 9, 2008, 1:19pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/19 "2008-06-09T13:19:13Z")
> [@Wayne64SS](#):
>
> i gotta do something… i dunno what yet but moving aint gonna happen. gotta figure something out. Maybe a wood burner, but i’m lookin at cutting the oil 50/50 with that veggy goodness. we’ll see.
I’d consider buying now to avoid buying then with high costs. Consider wood burner… Not much you can do ☹
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### Author:  [@Allstar\_Graphics](https://forums.speedlife.net/u/Allstar_Graphics)
#### Post date: [June 9, 2008, 1:21pm UTC](https://forums.speedlife.net/t/oil-could-hit-200-a-barrel/237242/20 "2008-06-09T13:21:24Z")
i can usually get heating oil at a pretty good price 😉
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