Oil; $139 a barrel, when will it stop

@gangus2 (373)
United States
June 6, 2008 2:30pm CST
Today oil spiked to records high $10 jump and sitting at $139 a barrel. Morgan Stanley analyst predicts oil to be at $200 a barrel by July 4th. When and where will it end. With job losses (I am one) and increases in oil, food and home energy, I am not sure how long we will be able to make ends meet if things continue in the same direction. We ahve been cutting back for sometime and are begining to feel the pain of it, anyone else feeling it too.
2 people like this
5 responses
ycpgoldberg
@ycpgoldberg (807)
• Malaysia
6 Jun 08
The petrol, oil fuel and many other price raise like crazy. Maybe we have to drive bicycle, cook food with water only to continues living...
1 person likes this
gangus2
@gangus2 (373)
• United States
7 Jun 08
Thank you for responding, fuel has been on a crazy upbeat lately, its soo bad that many small businesses are folding and everyone is feeling the hardship. Thanks, again Karen
cool_kkin
@cool_kkin (56)
• India
8 Jun 08
I think one day will coming soon when people start fighting for oil not for money. This will effetc me alot, every time it hikes and it makes me worry , how to manage my life according to that.
gangus2
@gangus2 (373)
• United States
8 Jun 08
Thank you for responding, I feel the sameway, people are already stilling it from others. Everytime it goes up I worry too, but only about where will it end; If it keeps up the way it is going, I won't be able to afford any of it. Thanks, again Karen
anniepa
@anniepa (27955)
• United States
7 Jun 08
I think everyone I know is feeling the pain by now; obviously, I don't hang out with a rich crowd...lol! It's not in the least bit funny and I sure don't mean to make light of it at all. I don't know how much more some people can cut back. It's almost to where you "feed" your car's gas tank or feed you kids! Annie
gangus2
@gangus2 (373)
• United States
7 Jun 08
Thank you for responding, and yes, for sometime I have cut-back(not buying high-priced items) because I have to put fuel in my car. I am umemployed, but feel lucky because I no longer have to worry about costs to commute. I know if I was still working, I would probable be calling in and saying "I can't come to work because I don't have enough gas". lol; that would be a new excuse, but I can see it happening. Thanks, again Karen
greenline
@greenline (14838)
• Canada
6 Jun 08
Yes, that was shocking ! I just heard about it too on the TV two hours ago. Yup, that's going to impact our daily lives and each and every economic sector of the country. There is a desparate need to find the way to put a stop to the oil price rising further on.
gangus2
@gangus2 (373)
• United States
7 Jun 08
Thanks for responding, we maybe too late for alternative energy and Pres. Bush is calling for more open drilling, which will take too long and still does not answer the need for alternative fuel. I sure hope they find a solution to the problem, I think if they don't we will become a "Third World" country. Thanks, again Karen
tdemex
@tdemex (3540)
• United States
6 Jun 08
I think we're all feeling the pain, in one way or another, check out the current issue of newsweek.com There's an article about $200 oil and what to expect it's a real eye opener! I have a feeling it's going to get bad, real bad. Sure hope not! tdemex
gangus2
@gangus2 (373)
• United States
7 Jun 08
Thanks for responding, I am with you and have seen the predictions for $200 a barrel during this year. I realize that it may get worse before it gets better, but will we survive. Thanks, again Karen