Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:17 PM

GasBuddy News Article

30
votes
Oil Rises Amid Israel Conflict, U.S. Budget Talks

Bloomberg -- Oil advanced to the highest level in more than a week in New York amid concern that Middle East unrest will disrupt supply and speculation the U.S. will avert automatic spending cuts and tax rises that threaten to throw the nation into recession.

West Texas Intermediate futures climbed to more than $88 a barrel, extending two weeks of gains. Israel will continue to attack Gaza and may intensify operations, Defense Minister Ehud Barak said. U.S. President Barack Obama is “confident” of a deal on the so-called fiscal cliff, he said after Nov. 16 talks with congressional leaders.

“Geopolitical tensions in the Middle East are not good news for the energy markets,” Fatih Birol, chief economist at the International Energy Agency, said in an interview in Oslo. “Any geopolitical event may


Read the Full Article

Submitted Nov 19, 2012 By: WxVette
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Rises Amid Israel Conflict, U.S. Budget Talks Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:21,448
Points:1,942,840
Joined:Nov 2008
Message Posted: Nov 24, 2012 8:20:46 AM

another excuse.
Profile Pic
sparky808
Champion Author Honolulu

Posts:4,577
Points:914,845
Joined:Sep 2011
Message Posted: Nov 20, 2012 12:26:45 PM

Thank you for posting.
Profile Pic
CobraJ
Champion Author Tampa

Posts:1,178
Points:422,410
Joined:Mar 2011
Message Posted: Nov 20, 2012 8:45:33 AM

Well what you do you know. Just when you think prices are on a steady decline, thank goodness for another Middle East crisis to freak speculators into a panic and spike oil and gasoline prices. They couldn’t have timed it any better.
Profile Pic
remay
Champion Author Houston

Posts:8,452
Points:2,441,540
Joined:May 2006
Message Posted: Nov 20, 2012 8:42:01 AM

just another snapshot article...
Profile Pic
jrs4125
Champion Author Indiana

Posts:4,407
Points:923,070
Joined:Sep 2011
Message Posted: Nov 20, 2012 6:06:46 AM

Dooooooh
Profile Pic
goldrose1
Champion Author Cleveland

Posts:12,574
Points:2,238,500
Joined:Feb 2005
Message Posted: Nov 20, 2012 12:16:25 AM

tensions give stress.
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,397
Points:720,465
Joined:Mar 2012
Message Posted: Nov 20, 2012 12:14:50 AM

Israel should get the gas price back up.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,553
Points:1,103,820
Joined:Mar 2011
Message Posted: Nov 20, 2012 12:13:35 AM

Another excuse
Profile Pic
1fulltank
Champion Author Buffalo

Posts:9,379
Points:1,843,365
Joined:Nov 2008
Message Posted: Nov 20, 2012 12:11:15 AM

Like nobody saw this coming, right?
Profile Pic
GRUMPY55
Champion Author California

Posts:2,681
Points:681,390
Joined:Oct 2011
Message Posted: Nov 20, 2012 12:10:28 AM

Here we go again
Profile Pic
slkmoo
Champion Author Ontario

Posts:2,805
Points:650,490
Joined:Apr 2012
Message Posted: Nov 20, 2012 12:07:59 AM

get ready to take it over the weekend holiday
Profile Pic
vrossi46
Champion Author San Jose

Posts:4,148
Points:1,105,665
Joined:Oct 2008
Message Posted: Nov 20, 2012 12:05:58 AM

they need some excuse to stick it to us over turkey day weekend
Profile Pic
bvrbill
Champion Author Eugene

Posts:5,816
Points:849,825
Joined:Jul 2011
Message Posted: Nov 19, 2012 11:59:11 PM

Expect prices to rise.
Profile Pic
goldrose1
Champion Author Cleveland

Posts:12,574
Points:2,238,500
Joined:Feb 2005
Message Posted: Nov 19, 2012 11:58:56 PM

bbbb
Profile Pic
Kawibiker
Champion Author Illinois

Posts:1,802
Points:333,885
Joined:May 2012
Message Posted: Nov 19, 2012 11:58:48 PM

yep got to make them prices go up..
Profile Pic
mstearno
Champion Author Dayton

Posts:9,292
Points:2,033,210
Joined:Jan 2008
Message Posted: Nov 19, 2012 11:53:02 PM

navyhm do you expect prices to go down with the israel problem
put yourself in their shoes
tanks should have rolled on the first missle lobbed at them
what if some country was bombing new york city would we wait would we negotiate?
Or would we kick some A**?
You bet we would..........
Profile Pic
sprocketsplines
Champion Author Washington

Posts:3,338
Points:1,190,390
Joined:Oct 2010
Message Posted: Nov 19, 2012 11:53:00 PM

The oil speculators must be having a field day over the Middle East unrest.
Profile Pic
ctcowboy
Veteran Author Connecticut

Posts:256
Points:47,430
Joined:Aug 2011
Message Posted: Nov 19, 2012 11:52:50 PM

agree on ng to fight oil
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:12,715
Points:2,101,885
Joined:Apr 2008
Message Posted: Nov 19, 2012 11:52:36 PM

Any excuse will do. This is too good for the speculators to pass up.

Hold on. It's gonna be a rough ride.
Profile Pic
drobbbb
Champion Author Maryland

Posts:4,996
Points:1,131,790
Joined:Dec 2010
Message Posted: Nov 19, 2012 11:51:24 PM

anything to raise it
Profile Pic
southrob
Champion Author Tucson

Posts:5,251
Points:1,012,950
Joined:Mar 2011
Message Posted: Nov 19, 2012 11:51:19 PM

of course it rose.. silly us
Profile Pic
NAVYHM
All-Star Author Cleveland

Posts:761
Points:1,430,080
Joined:May 2008
Message Posted: Nov 19, 2012 11:50:18 PM

ANY EXCUSE WILL DO... THERE WAS A WATERSPOUT OUT IN THE PACIFIC OCEAN TODAY... AND A TRAIN PASSED THROUGH THE CITY TODAY AND BLEW IT'S HORN 3 TIMES...
Profile Pic
rjoeh
Champion Author Michigan

Posts:8,731
Points:2,801,850
Joined:Jun 2004
Message Posted: Nov 19, 2012 11:49:42 PM

Any surprise here????? These are the types of excuses the oil companies are looking for to justify bumping up prices. It also means we ought to fill up tomorrow before they jump the prices tomorrow.
Profile Pic
VikingWoman
Champion Author Washington

Posts:3,073
Points:575,795
Joined:May 2012
Message Posted: Nov 19, 2012 11:48:17 PM

Will we ever really get the truth about prices? I won't hold my breath.
Profile Pic
my2002m
Champion Author Tulsa

Posts:7,662
Points:1,997,840
Joined:Jul 2008
Message Posted: Nov 19, 2012 11:42:49 PM

It's only going to go higher over the next four years.
Profile Pic
us4usa
Champion Author Missouri

Posts:7,005
Points:1,366,090
Joined:May 2008
Message Posted: Nov 19, 2012 11:35:16 PM

Time to switch to NG, and tell OPEC to kiss off...
Profile Pic
serrog
Champion Author Nova Scotia

Posts:7,236
Points:1,844,110
Joined:Oct 2008
Message Posted: Nov 19, 2012 11:32:41 PM

Agree with Mr. Bill
Profile Pic
Mr_Bill_W
All-Star Author Virginia

Posts:649
Points:577,705
Joined:Feb 2012
Message Posted: Nov 19, 2012 11:31:32 PM

Really? Any excuse to screw consumers who are dependent on fuel the earn a living. How much petroleum does Israel produced that is consumed by the USA? How does the progress and potential of avoiding sequestration adversely impact petroleum supplies and/or pricing? Get ready for more BIG Lies from BIG oil and in the end we consumers get the BIG screw as usual!
Profile Pic
scooter1217
Rookie Author Chicago

Posts:17
Points:3,745
Joined:Nov 2012
Message Posted: Nov 19, 2012 11:29:24 PM

...
Profile Pic
MopedTime
Champion Author Michigan

Posts:1,473
Points:670,835
Joined:Mar 2012
Message Posted: Nov 19, 2012 11:27:53 PM

Why did US citizens have to pay too much for Isreal help?
Let them pay for their wars. Let's fight the poverty war at home first.
We need real help here in America.
Profile Pic
suzmar
Champion Author Texas

Posts:3,152
Points:1,180,590
Joined:Jun 2006
Message Posted: Nov 19, 2012 11:25:58 PM

That is why it is called speculation, no concrete evidence is needed`to bid up prices.
Profile Pic
AuburnTim
Champion Author Indiana

Posts:6,828
Points:1,559,490
Joined:May 2005
Message Posted: Nov 19, 2012 11:23:42 PM

No other business is allowed to raise prices on such excuses and speculation and Gongress says there isn't a dam thing they can do about it. Vote out the idiots that make that statement and all that support big oil.
Profile Pic
PrettyLittleLady
Champion Author Modesto

Posts:5,260
Points:2,216,270
Joined:May 2006
Message Posted: Nov 19, 2012 11:23:26 PM

ok .. go help them.
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:923,285
Joined:Aug 2011
Message Posted: Nov 19, 2012 11:17:23 PM

just excuses to raised the prices....
Profile Pic
DeeLA
Champion Author Los Angeles

Posts:6,424
Points:1,690,970
Joined:Nov 2008
Message Posted: Nov 19, 2012 11:16:39 PM

...and the roller coaster starts its long climb.
Profile Pic
wayoung56
Champion Author Alabama

Posts:4,360
Points:1,137,635
Joined:Oct 2006
Message Posted: Nov 19, 2012 11:15:52 PM

Figures... Give them a reason and prices will go up...
Profile Pic
bojiway1
Champion Author Minnesota

Posts:3,678
Points:804,840
Joined:Dec 2011
Message Posted: Nov 19, 2012 11:15:45 PM

this is why we need the pipeline
Profile Pic
Wanda127
Champion Author Florida

Posts:4,023
Points:1,241,810
Joined:May 2010
Message Posted: Nov 19, 2012 11:12:10 PM

It jumped about .02 cents here in the last couple of days.
Profile Pic
drz614
Champion Author Harrisburg

Posts:3,968
Points:929,940
Joined:Aug 2011
Message Posted: Nov 19, 2012 11:11:59 PM

lol
Profile Pic
ClancyME
Champion Author Georgia

Posts:16,367
Points:2,687,055
Joined:Sep 2006
Message Posted: Nov 19, 2012 11:08:34 PM

Just saw a 5¢ spike at Costco since Sunday.
Profile Pic
sagnat
Champion Author Riverside

Posts:1,857
Points:605,220
Joined:Jun 2012
Message Posted: Nov 19, 2012 11:08:28 PM

It is always something in or around the world affecting the price of oil. Oil goes up, gas goes up...oil goes down, gas goes up....nothing changes, gas goes up.
Profile Pic
tspaldi
Champion Author Provo

Posts:7,634
Points:1,265,650
Joined:Sep 2010
Message Posted: Nov 19, 2012 11:04:10 PM

Christmas is coming and the Oil exec's need a reason for a bigger bonus... We should be happy to help them out with a higher price at the pump! It's the American way to take care of those 1%ers. I am sure if we help them out with their Christmas bonus they will help us all out.
Profile Pic
charladan
Champion Author Virginia

Posts:1,059
Points:710,445
Joined:Jun 2011
Message Posted: Nov 19, 2012 11:03:33 PM

yep it is.
Profile Pic
Mustache_33
All-Star Author Toronto

Posts:900
Points:181,455
Joined:May 2012
Message Posted: Nov 19, 2012 11:01:50 PM

hm
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:10,459
Points:2,174,105
Joined:Aug 2005
Message Posted: Nov 19, 2012 10:58:37 PM

No surprise.
Profile Pic
dasimon
All-Star Author Florida

Posts:556
Points:579,650
Joined:Mar 2011
Message Posted: Nov 19, 2012 10:57:55 PM

Yep of course
Profile Pic
EvPv
Champion Author Maine

Posts:2,678
Points:596,035
Joined:Feb 2011
Message Posted: Nov 19, 2012 10:57:39 PM

I did NOT vote for Obama, but prices skyrocketed during the Bush admin for a bunch of reasons: exploding U.S. demand, Iraq War II, Katrina/Rita impact, and then declined during the financial collapse in 2008. Even though I am not a fan of his, I would not put the current gas prices on President Obama doorstep.

Just imagine if the U.S. economy was rolling along with bigger expansion and a 4.5% unemployment rate: the increased gas demand would mean.....higher prices.

Want to spend less on gas? Use less.
Profile Pic
30mpg80
Champion Author Lexington

Posts:13,117
Points:1,819,505
Joined:Nov 2008
Message Posted: Nov 19, 2012 10:55:41 PM

Well, of course, any sneeze moves oil higher
Profile Pic
skysteve1
Champion Author Victoria

Posts:2,832
Points:705,440
Joined:Jul 2011
Message Posted: Nov 19, 2012 10:53:20 PM

Any excuse
Profile Pic
DrLyon
Champion Author Michigan

Posts:7,953
Points:1,520,730
Joined:May 2006
Message Posted: Nov 19, 2012 10:52:56 PM

Nuts
Post a reply Back to Topics