Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:17 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
honda0105
Champion Author Tallahassee

Posts:24,351
Points:2,446,590
Joined:Nov 2008
Message Posted: Nov 24, 2012 7:20:46 AM

another excuse.
sparky808
Champion Author Honolulu

Posts:6,118
Points:1,385,235
Joined:Sep 2011
Message Posted: Nov 20, 2012 11:26:45 AM

Thank you for posting.
CobraJ
Champion Author Tampa

Posts:1,311
Points:498,430
Joined:Mar 2011
Message Posted: Nov 20, 2012 7:45:33 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.
remay
Champion Author Houston

Posts:10,150
Points:2,941,065
Joined:May 2006
Message Posted: Nov 20, 2012 7:42:01 AM

just another snapshot article...
jrs4125
Champion Author Indiana

Posts:4,993
Points:1,379,715
Joined:Sep 2011
Message Posted: Nov 20, 2012 5:06:46 AM

Dooooooh
goldrose1
Champion Author Cleveland

Posts:14,325
Points:2,713,235
Joined:Feb 2005
Message Posted: Nov 19, 2012 11:16:25 PM

tensions give stress.
boatfloyd
Champion Author Jacksonville

Posts:5,158
Points:1,203,265
Joined:Mar 2012
Message Posted: Nov 19, 2012 11:14:50 PM

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

Posts:7,189
Points:1,569,760
Joined:Mar 2011
Message Posted: Nov 19, 2012 11:13:35 PM

Another excuse
1fulltank
Champion Author Buffalo

Posts:11,078
Points:2,322,830
Joined:Nov 2008
Message Posted: Nov 19, 2012 11:11:15 PM

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

Posts:3,149
Points:1,100,550
Joined:Oct 2011
Message Posted: Nov 19, 2012 11:10:28 PM

Here we go again
slkmoo
Champion Author Ontario

Posts:4,332
Points:1,115,920
Joined:Apr 2012
Message Posted: Nov 19, 2012 11:07:59 PM

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

Posts:5,815
Points:1,575,305
Joined:Oct 2008
Message Posted: Nov 19, 2012 11:05:58 PM

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

Posts:8,453
Points:1,358,575
Joined:Jul 2011
Message Posted: Nov 19, 2012 10:59:11 PM

Expect prices to rise.
goldrose1
Champion Author Cleveland

Posts:14,325
Points:2,713,235
Joined:Feb 2005
Message Posted: Nov 19, 2012 10:58:56 PM

bbbb
Kawibiker
Champion Author Illinois

Posts:1,924
Points:363,835
Joined:May 2012
Message Posted: Nov 19, 2012 10:58:48 PM

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

Posts:9,694
Points:2,377,135
Joined:Jan 2008
Message Posted: Nov 19, 2012 10:53:02 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..........
sprocketsplines
Champion Author Washington

Posts:5,009
Points:1,653,525
Joined:Oct 2010
Message Posted: Nov 19, 2012 10:53:00 PM

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

Posts:319
Points:56,640
Joined:Aug 2011
Message Posted: Nov 19, 2012 10:52:50 PM

agree on ng to fight oil
clermont40miles
Champion Author Cincinnati

Posts:14,852
Points:2,582,015
Joined:Apr 2008
Message Posted: Nov 19, 2012 10:52:36 PM

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

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

Posts:6,618
Points:1,627,730
Joined:Dec 2010
Message Posted: Nov 19, 2012 10:51:24 PM

anything to raise it
southrob
Champion Author Tucson

Posts:6,093
Points:1,418,045
Joined:Mar 2011
Message Posted: Nov 19, 2012 10:51:19 PM

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

Posts:761
Points:1,431,080
Joined:May 2008
Message Posted: Nov 19, 2012 10:50:18 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...
rjoeh
Champion Author Michigan

Posts:10,454
Points:3,306,340
Joined:Jun 2004
Message Posted: Nov 19, 2012 10:49:42 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.
VikingWoman
Champion Author Washington

Posts:4,706
Points:1,055,555
Joined:May 2012
Message Posted: Nov 19, 2012 10:48:17 PM

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

Posts:9,329
Points:2,500,665
Joined:Jul 2008
Message Posted: Nov 19, 2012 10:42:49 PM

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

Posts:7,183
Points:1,596,850
Joined:May 2008
Message Posted: Nov 19, 2012 10:35:16 PM

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

Posts:8,957
Points:2,350,390
Joined:Oct 2008
Message Posted: Nov 19, 2012 10:32:41 PM

Agree with Mr. Bill
Mr_Bill_W
All-Star Author Virginia

Posts:670
Points:898,875
Joined:Feb 2012
Message Posted: Nov 19, 2012 10:31:32 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!
scooter1217
Rookie Author Chicago

Posts:17
Points:3,745
Joined:Nov 2012
Message Posted: Nov 19, 2012 10:29:24 PM

...
MopedTime
Champion Author Michigan

Posts:2,075
Points:964,840
Joined:Mar 2012
Message Posted: Nov 19, 2012 10:27:53 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.
suzmar
Champion Author Texas

Posts:3,497
Points:1,463,915
Joined:Jun 2006
Message Posted: Nov 19, 2012 10:25:58 PM

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

Posts:6,828
Points:1,559,790
Joined:May 2005
Message Posted: Nov 19, 2012 10:23:42 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.
PrettyLittleLady
Champion Author Modesto

Posts:6,197
Points:2,652,465
Joined:May 2006
Message Posted: Nov 19, 2012 10:23:26 PM

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

Posts:4,086
Points:1,172,405
Joined:Aug 2011
Message Posted: Nov 19, 2012 10:17:23 PM

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

Posts:8,106
Points:2,167,360
Joined:Nov 2008
Message Posted: Nov 19, 2012 10:16:39 PM

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

Posts:6,056
Points:1,635,910
Joined:Oct 2006
Message Posted: Nov 19, 2012 10:15:52 PM

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

Posts:5,337
Points:1,302,135
Joined:Dec 2011
Message Posted: Nov 19, 2012 10:15:45 PM

this is why we need the pipeline
Wanda127
Champion Author Florida

Posts:5,754
Points:1,724,615
Joined:May 2010
Message Posted: Nov 19, 2012 10:12:10 PM

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

Posts:5,725
Points:1,411,790
Joined:Aug 2011
Message Posted: Nov 19, 2012 10:11:59 PM

lol
ClancyME
Champion Author Georgia

Posts:18,438
Points:3,181,060
Joined:Sep 2006
Message Posted: Nov 19, 2012 10:08:34 PM

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

Posts:1,920
Points:1,032,205
Joined:Jun 2012
Message Posted: Nov 19, 2012 10:08:28 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.
tspaldi
Champion Author Provo

Posts:9,372
Points:1,769,510
Joined:Sep 2010
Message Posted: Nov 19, 2012 10:04:10 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.
charladan
Champion Author Virginia

Posts:1,181
Points:963,610
Joined:Jun 2011
Message Posted: Nov 19, 2012 10:03:33 PM

yep it is.
Mustache_33
All-Star Author Toronto

Posts:900
Points:181,455
Joined:May 2012
Message Posted: Nov 19, 2012 10:01:50 PM

hm
WIPACKERFAN
Champion Author Chicago

Posts:12,189
Points:2,676,205
Joined:Aug 2005
Message Posted: Nov 19, 2012 9:58:37 PM

No surprise.
dasimon
All-Star Author Florida

Posts:556
Points:590,850
Joined:Mar 2011
Message Posted: Nov 19, 2012 9:57:55 PM

Yep of course
EvPv
Champion Author Maine

Posts:4,418
Points:1,096,950
Joined:Feb 2011
Message Posted: Nov 19, 2012 9:57:39 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.
30mpg80
Champion Author Lexington

Posts:15,361
Points:2,326,395
Joined:Nov 2008
Message Posted: Nov 19, 2012 9:55:41 PM

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

Posts:4,708
Points:1,208,315
Joined:Jul 2011
Message Posted: Nov 19, 2012 9:53:20 PM

Any excuse
DrLyon
Champion Author Michigan

Posts:9,109
Points:1,973,835
Joined:May 2006
Message Posted: Nov 19, 2012 9:52:56 PM

Nuts
pgerassi
Champion Author Milwaukee

Posts:14,297
Points:2,942,770
Joined:Apr 2007
Message Posted: Nov 19, 2012 9:50:39 PM

Baloney!
Post a reply Back to Topics