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July 13, 2006

Oil Price Sets Another Record Peak Oil

As I write this, oil has soared to $76.30 a barrel — a price we will someday soon look back on with nostalgia.

Update [2:23 PM CDT] - Make that $76.65.

Update [4:55 PM] - $77.40.

Update [5:06 PM] - $77.50.

Update [5:13 PM] - $77.90. Yikes.

Update [5:29 PM] - $78.12.

Posted by Jonathan at July 13, 2006 10:21 AM  del.icio.us digg NewsVine Reddit YahooMyWeb

Comments

Now at 76.45!

Of course, this is just a nominal record. Prices need to approach 1980-81 inflation adjusted prices of around $95 before the shit hits the fan.

It is only a matter of time...

Posted by: fizure at July 13, 2006 11:39 AM