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Default Oil prices climb to $101.11 a barrel...

On Feb 27, 3:59 pm, "Jim Thompson" To-Email-Use-The-Envelope-I...@My-
Web-Site.com wrote:
http://www.marke****ch.com/news/stor...7B40D68525%2DB...

Feb. 26, 2008

.................................................. ................................................

As the broader market began to regain lost ground, crude prices for
April delivery gained 2.3% to a new high of $101.11 a barrel on the
New York Mercantile Exchange, surpassing crude's last record of
$100.65 hit last week.


Still massively under-priced.

It wasn't that long ago (around 1998-99) I was working on designing
oil survey gear when the price was around $15 a barrel. Petrol prices
certainly haven't gone up 700% since then... Petrol is still cheaper
than milk and bottled water here in Oz. Funny how it all works huh?

Dave.
 
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