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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 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.