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Global oil prices jump over $1

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Uploaded by on Mar 28, 2007

The showing of British captives on Iranian TV and a U.S. show of force in the Gulf helped propel oil jitters and oil prices to six-month highs. Crude oil futures closed just above $64 a barrel as geo-political tensions rise.

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  • and to think that $64/barrel was a record high just a year ago and now we're dealing with $140+...anyone see the problem here?

  • OPEC does not control the decisions of the US......sign up to petition our congress to take immediaate action at this web site:

    americansolutions

    over 200,000 americans signed it just last night....take charge ....you do have a say!

  • Ok, blame it on the speculators, OPEC, Bush, China. But the real blame is "Peak Oil" do a google search "Life After the Oil crash". You'll see why this will be the doom of our civilization. We're runnin' on empty...

  • Verry good

  • Stop crying on oil price rizing.Barrel of 160 litters of oil paid to opep 138.0 dollars sold by company 238.00.We let the companys doing what they want .We can stop them we are the customers.Star petition for company nationalisation all over the world.And promise to dont vote to politicians who ar doing nothing now.

  • kill the fucking traders they are the ones causing our gas to go up/up/up/up while they are making millions in profit a day

  • Fair enough...I respect your opinion.

  • Sorry, but i do not trust bush's hand in this. at one time i did. I do believe that he has opportunity and ability to affect these things, directly and indirectly. i pray for this country and its government. meanwhile, i do like your initial statement at the top of the page.

  • How is it obvious? Ill tell you what he can control. He can try to lobby tax breaks for local American oil companies to try to help their success but he has no control over the amount of oil OPEC produces.

  • You think Bush has no effect on this? You think he has no effect on OPEC..and the rest of this world...You think he's not in the oil business? You think he has no influence on alternative transportation methods..Yea right! Guaranteed..hes looking out for himself and his family...Funny how this thing is steeper and steeper nearing the end of his term. your correct in theory..but don't be blind to the obvious...

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