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What is the sound of $98/bbl oil rushing upwards? Nothing.

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Ashereng

Petroleum
Nov 25, 2005
2,349
Is it just me, or does there seem to be a definite lack of outcry from people? Also, it seems like the Feds either haven't noticed, or doesn't want to say anything about the sudden rise in crude oil prices?

Remember the last time oil prices "zoomed" to over $80 a barrel and Bush started to release oil from the strategic reserve because "everyone" was calling for action? Well, oil prices are over $97 a barrel and no one seems to be saying anything, and just taking the run up in stride.

Or is it just me?

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Oil is still dirt cheap. For what it provides, $100 a barrel is nothing.
 
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