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"And whosoever fears Allah and keeps his duty to Him. He will make a way for him to get out from every difficulty. And He will provide from sources he never could imagine."
- Surah 65 At-Talaq 2,3

Tuesday, 6 May 2008

Oil "Super-Spike"


Oil futures hit an all-time high near $121 a barrel in Asian trade Tuesday on worries about threats to supply and a weakening of the U.S. dollar.

`The possibility of $150-$200 per barrel seems increasingly likely over the next six-24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty,'' the Goldman analysts wrote in the report dated May 5.

The price of crude traded in New York averaged $16.70 a barrel on Nov. 19, 2001,
$56.71 in 2005, $66.23 in 2006 and $72.36 in 2007. Oil rose to an intraday record $120.93 today on speculation demand will rise during the peak U.S. summer driving season.

Prices are also poised to gain as major oil-exporting countries restrict foreign investments, limiting supply growth, while demand from developing countries, or ``non-OECD'' nations is rising on economic expansion and power shortages, prompting higher demand for gasoil and fuel oil, the Goldman analysts said.

Ohhh GOD!!! I have to change my lifestyle otherwise I'll be in deep trouble. Di Indonesia harga BBM (Oil) akan di naikkan. Pak Yusof Kala bilang anggaran 30% naik. Everybody already make noise and some politician see this as opportunity to WIN in the election. Politician PLEASE don't promise that YOU can reduce the BBM price just to win the election. The price is beyond your control. We have to come out with creative and CRAZY ideas (Idea Gila-Gila) untuk hidup dengan perubahan Global sekarang. Wake Up!! Wake up!! ALL POLITICIAN the price will not reduce don't ever promise what you cann't do.

8 comments:

  1. Salam dan terima kasih!!

    Excellent, informative, and oh so true!!

    Thanks for dropping in and visiting.
    Jackie

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  2. we hv the same problem here in M'sia. The oil price hv deeply hurting our pockets and sign are the price will go up again. with food prices also expected to go up due to shortages, we are bracing for a difficult time ahead. Phew....

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  3. Thanks for the lovely comments, BonoRiau. My Journey To Recovery, adalah blog peribadi saya. Tidak diadvertise dengan EntreCard. Terima kasih kerana sudi mengunjungi blog. Sila datang lagi ya.

    Greetings and lots of love from Malaysia.

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  4. @shinade & man utd fan - kami lagi pening di sini pemerintah rancang mahu naik kan harga BBM(oil). Hari-hari sudah demo di seluruh negara.

    @ arahman7 - I'll visit your blog.

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  5. Today Oil hold above $123 ...Mantap Mantap!!!

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  6. Salam Bono. Juga, thank awak for lettakan kommen blog saya.

    Ya, saya am trying very hard. Zubli is helping me.

    Saya have a long way to go. But it is important to me.

    Tolong bear with me and forgive my mistakes.

    Terima kasih!!

    ReplyDelete
  7. Wooow Oil price above $126 ...emmmm ...what do you want to do??? DEMO!!!

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  8. Oil touch another record $130

    ReplyDelete

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