Oil price hits record high of $123 per barrel

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Uploaded by on May 8, 2008

International report on German Journal looks at the record high price of oil at $123 per barrel.

The price is projected to continue increasing to over $200 per barrel.

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  • i knew the gas prices would go down once we set up our secret piplines, its so sick how a country can steal all that oil , us citezens are all criminals that should be charged with recieving stolen property, and the charge would stick because we all know where the oil came from especially now that its down to 1.78 from 3.99 bush is a war criminal and i hope someone shoots him

  • $133.00 today

  • The dollar is falling in value because of fed interest rate cuts. They could pump alaska and get gas down to $1.50 / gallon, but we have to pay back the loans to the IMF and World Bank that we have been borrowing on. It's easier to tax the world by the OPEC dollar hegemony on oil and make the world pay the interest for our trillions in loans. Thats why we are in IRAQ, and threating IRAN. Plenty of oil, dollar is wearing thin because Arabs selling oil in yen and euro instead of dollars.

  • Its $125 right now. Of course the price of oil is going up... It is officially Running Out! I called it first folks!

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