Oil rises above $102 on French strike - Rhode Island Gas Prices

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Oil rises above $102 on French strike Wednesday, March 26, 2008
Reuters Canada -- LONDON (Reuters) - Oil rose above $102 a barrel on Wednesday as a strike disrupted operations at French ports and a weakening U.S. dollar prompted some investors to shift money back into commodities. The 24-hour strike is blocking six ships from entering Fos-Lavera near Marseille, including two oil tankers, the port authority said. It also prevented three tankers from entering the Nantes Saint-Nazaire port. U.S. crude rose $1.24 to $102.46 a barrel by 1210 GMT (8:10 a.m. EDT), extending the 36-cent gain on Tuesday. London Brent added $1.01 to $101.61.
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	Wednesday, March 26, 2008 Reuters Canada -- LONDON (Reuters) - Oil rose above $102 a barrel on Wednesday as a strike disrupted operations at French ports and a weakening U.S. dollar prompted some investors to shift money back into commodities. The 24-hour strike is blocking six ships from entering Fos-Lavera near Marseille, including two oil tankers, the port authority said. It also prevented three tankers from entering the Nantes Saint-Nazaire port. U.S. crude rose $1.24 to $102.46 a barrel by 1210 GMT (8:10 a.m. EDT), extending the 36-cent gain on Tuesday. London Brent added $1.01 to $101.61. Visit Reuters Canada for full article

REPLIES (newest first)		Page: First Prev [ 1 ] 2 3 4 Next Last

tbradley1973 Veteran Author Indianapolis Posts:303 Points:177,910 Joined:Jun 2007	Message Posted: 3/27/2008 4:39:43 PM	Ignore tbradley1973 Report Abuse
	Any reason is good enough to raise the price...
POLELANE All-Star Author Ohio Posts:533 Points:47,325 Joined:Mar 2008	Message Posted: 3/27/2008 12:52:02 PM	Ignore POLELANE Report Abuse
	guess that strike is over by now;; prices going back down where you live??
CallJeffCa All-Star Author Oakland Posts:659 Points:167,835 Joined:Oct 2007	Message Posted: 3/27/2008 11:15:31 AM	Ignore CallJeffCa Report Abuse
	yesterday's news
SJS Veteran Author Los Angeles Posts:280 Points:1,080,945 Joined:Apr 2003	Message Posted: 3/27/2008 10:56:32 AM	Ignore SJS Report Abuse
	an excuse
Rageagainsttm All-Star Author Tampa Posts:955 Points:246,865 Joined:Jul 2007	Message Posted: 3/27/2008 10:54:47 AM	Ignore Rageagainsttm Report Abuse
	why
91_Metro_Man Veteran Author Ventura Posts:313 Points:131,325 Joined:Dec 2007	Message Posted: 3/27/2008 10:49:32 AM	Ignore 91_Metro_Man Report Abuse
	How is it that a strike in France can effect the World economy?
copperhead8 Champion Author Boston Posts:3,915 Points:1,015,495 Joined:Dec 2004	Message Posted: 3/27/2008 10:48:02 AM	Ignore copperhead8 Report Abuse
	Who cares.
tomok Champion Author Portland Posts:6,125 Points:528,135 Joined:Aug 2006	Message Posted: 3/27/2008 10:45:56 AM	Ignore tomok Report Abuse
	What's a French 24 hour strike got to do with the price of oil in the US? NOTHING! Duh!!!!!
Mooseman1 Champion Author Manitoba Posts:1,036 Points:135,635 Joined:Jul 2007	Message Posted: 3/27/2008 10:42:50 AM	Ignore Mooseman1 Report Abuse
	It's going to be the future, roller coaster economy.
10k Champion Author North Carolina Posts:4,185 Points:440,425 Joined:May 2006	Message Posted: 3/27/2008 10:37:31 AM	Ignore 10k Report Abuse
	that's the thanx we git for saving france in WWII...
Don20 All-Star Author Oklahoma City Posts:721 Points:831,245 Joined:Mar 2005	Message Posted: 3/27/2008 10:35:38 AM	Ignore Don20 Report Abuse
	More of the same....
Netscaper113 Champion Author Colorado Springs Posts:4,636 Points:906,200 Joined:Aug 2005	Message Posted: 3/27/2008 10:34:09 AM	Ignore Netscaper113 Report Abuse
	great....
Somis1 Champion Author Ventura Posts:3,890 Points:886,420 Joined:Jul 2005	Message Posted: 3/27/2008 10:33:21 AM	Ignore Somis1 Report Abuse
	A strike at French ports and the world pays more for oil? Simply amazing.
amearly Champion Author Michigan Posts:3,035 Points:672,540 Joined:Jan 2006	Message Posted: 3/27/2008 10:33:19 AM	Ignore amearly Report Abuse
	Aen though we see little oil from Iraq they use the news of the pipeline explosion to boost the price of oil by a dollar.
FedUpCA All-Star Author Ventura Posts:824 Points:136,795 Joined:Dec 2007	Message Posted: 3/27/2008 10:32:01 AM	Ignore FedUpCA Report Abuse
	Hopefully it will hit the French in their wallets. I don't see why this would be news to us.
Rivermedic Veteran Author Fort Worth Posts:333 Points:60,455 Joined:Mar 2008	Message Posted: 3/27/2008 10:30:20 AM	Ignore Rivermedic Report Abuse
	Amen
madyank Rookie Author Baltimore Posts:21 Points:1,670 Joined:Mar 2008	Message Posted: 3/27/2008 10:29:14 AM	Ignore madyank Report Abuse
	We're having an election, raise the price of gasoline another ten cents a drop! We MIGHT elect a (insert your favorite political party here), raise the price of gas a nickel! OOOH, it's spring, raise the price of DIESEL a quarter a gallon, the snowplows won't be burning it any longer this year (except where the Gooble Worming didn't take hold yet!) and we need to make more profits! THERE'S a question for ya: Diesel fuel costs LESS to refine; WHY does it cost MORE to buy? Can YOU say "Screw the little independents out of work so the big corporate trucking lines can take over?" Sure you can! Can you say "Stick it to those little SOBs who thought they'd get us by buying a Diesel instead of a gasoline car?" Sure you can! Okay, maybe I DO sound paranoid. Just remember, just because you're paranoid, doesn't mean they're not out to get ya. It just means you're paranoid.
hopperIN All-Star Author Indiana Posts:511 Points:40,275 Joined:Mar 2008	Message Posted: 3/27/2008 10:29:09 AM	Ignore hopperIN Report Abuse
	UP, UP & AWAY..................
janmj All-Star Author Baltimore Posts:878 Points:580,080 Joined:Jun 2006	Message Posted: 3/27/2008 10:26:25 AM	Ignore janmj Report Abuse
	PRICES UP IN BALTIMORE
laddyboy62 All-Star Author Riverside Posts:616 Points:803,500 Joined:Mar 2005	Message Posted: 3/27/2008 10:24:54 AM	Ignore laddyboy62 Report Abuse
	105$ and climbing this a.m.
w4kh Champion Author Riverside Posts:3,095 Points:531,315 Joined:May 2004	Message Posted: 3/27/2008 10:24:34 AM	Ignore w4kh Report Abuse
	jdbgn says: "Just what have the french got to do with the price of oil?" Well, for one thing it is a GLOBAL MARKET and all the industrialized countries of the world are in this GLOBAL MARKET competing for the relatively LIMITED SUPPLY of oil... So, when something happens to the supply somewhere, it ripples all around the WORLD. Now, if lame duck "W" had any guts at all (we already know our C- student has no brains) and would focus on the US economy instead of the 3/4 TRILLION DOLLAR war in Iraq, the US Dollar would not be so WEAK, and the price of everything wouldn't be going up quite so fast... BUT, our "village idiot" won't stop the fight so we can hold on and swirl down the tubes a while longer...
YLHandyman Veteran Author Orange County Posts:428 Points:65,435 Joined:Feb 2008	Message Posted: 3/27/2008 10:23:12 AM	Ignore YLHandyman Report Abuse
	Every day there is something. It still sounds the same. Prices go up a lot. Prices go down a little.
Rivermedic Veteran Author Fort Worth Posts:333 Points:60,455 Joined:Mar 2008	Message Posted: 3/27/2008 10:23:09 AM	Ignore Rivermedic Report Abuse
	This is another excuse.
Jacks45 Champion Author Michigan Posts:1,314 Points:254,350 Joined:Jul 2007	Message Posted: 3/27/2008 10:19:43 AM	Ignore Jacks45 Report Abuse
	Its a no wonder the French pay more then we do.
pavman Rookie Author Michigan Posts:31 Points:17,535 Joined:Mar 2008	Message Posted: 3/27/2008 10:19:39 AM	Ignore pavman Report Abuse
	we should go on strike and block 3 million gas stations for 24 hours.
Lonewolftx Champion Author Houston Posts:4,743 Points:934,585 Joined:Sep 2005	Message Posted: 3/27/2008 10:18:30 AM	Ignore Lonewolftx Report Abuse
	Anything upsets this apple cart I guess . . .
jdbgn Champion Author Los Angeles Posts:2,086 Points:357,575 Joined:Apr 2007	Message Posted: 3/27/2008 10:17:46 AM	Ignore jdbgn Report Abuse
	Just what have the french got to do with the price of oil? Somebody needs to line up about half of the speculators and shoot them. Get their attention and stop this madness. BS
PetroPedro Veteran Author Pennsylvania Posts:321 Points:78,820 Joined:May 2007	Message Posted: 3/27/2008 10:15:29 AM	Ignore PetroPedro Report Abuse
	Blah! Blah! Blah! ... same ole crap
spheremaker1 Sophomore Author Arizona Posts:127 Points:234,695 Joined:May 2006	Message Posted: 3/27/2008 10:14:39 AM	Ignore spheremaker1 Report Abuse
	ditto that
ArboretumCop Veteran Author Richmond Posts:291 Points:824,140 Joined:Sep 2005	Message Posted: 3/27/2008 10:14:00 AM	Ignore ArboretumCop Report Abuse
	For those who still don't get it, prices are caused by the traders in the CHICAGO Mercantile Trade Board, right here in this country as they bid up prices.
Chazzer Champion Author Nevada Posts:7,160 Points:1,549,010 Joined:May 2002	Message Posted: 3/27/2008 10:13:20 AM	Ignore Chazzer Report Abuse
	What the Haley's Comet does a French strike have to do with crude oil prices? Sacre bleau!
Redwingz Champion Author Detroit Posts:1,425 Points:339,715 Joined:Mar 2007	Message Posted: 3/27/2008 10:11:12 AM	Ignore Redwingz Report Abuse
	What do the French have to do with US oil prices????
racerdj All-Star Author Indianapolis Posts:659 Points:241,310 Joined:Jun 2003	Message Posted: 3/27/2008 10:10:59 AM	Ignore racerdj Report Abuse
	It's always something.
roydarecker Champion Author Minnesota Posts:2,034 Points:469,405 Joined:Sep 2006	Message Posted: 3/27/2008 10:10:08 AM	Ignore roydarecker Report Abuse
	over 105 right now
VetteBlue Champion Author San Jose Posts:1,962 Points:428,790 Joined:Jan 2007	Message Posted: 3/27/2008 10:07:24 AM	Ignore VetteBlue Report Abuse
	Same old same old.
Duke1959 All-Star Author Dallas Posts:612 Points:59,390 Joined:Mar 2008	Message Posted: 3/27/2008 10:03:34 AM	Ignore Duke1959 Report Abuse
	another good reason why we should use bio fuel.....running my diesel on French fry oil lol
Dale Jr. Champion Author Iowa Posts:7,050 Points:1,421,075 Joined:May 2004	Message Posted: 3/27/2008 10:00:26 AM	Ignore Dale Jr. Report Abuse
	One more reason to hate the French.
roosan Champion Author New Jersey Posts:7,211 Points:1,450,315 Joined:Aug 2003	Message Posted: 3/27/2008 10:00:14 AM	Ignore roosan Report Abuse
	Yet another reason for oil prices to go up!
kanmandoo Veteran Author Detroit Posts:410 Points:729,045 Joined:Jun 2005	Message Posted: 3/27/2008 9:57:03 AM	Ignore kanmandoo Report Abuse
	I second that, leave it to the french
RCinNM Champion Author New Mexico Posts:3,388 Points:348,235 Joined:Sep 2005	Message Posted: 3/27/2008 9:56:01 AM	Ignore RCinNM Report Abuse
	Wow, another reason to raise prices!
papou Champion Author Tampa Posts:1,782 Points:302,370 Joined:Jul 2005	Message Posted: 3/27/2008 9:54:51 AM	Ignore papou Report Abuse
	Leave it to the French to screw thing up!
runningmp Champion Author Corpus Christi Posts:6,370 Points:932,915 Joined:Sep 2005	Message Posted: 3/27/2008 9:54:47 AM	Ignore runningmp Report Abuse
	That's the French for you.
mistymiss Champion Author Fresno Posts:3,369 Points:569,865 Joined:Apr 2006	Message Posted: 3/27/2008 9:52:54 AM	Ignore mistymiss Report Abuse
	well duh! any excuse to raise prices!
AC-302 Champion Author Los Angeles Posts:6,354 Points:1,130,375 Joined:Aug 2004	Message Posted: 3/27/2008 9:45:56 AM	Ignore AC-302 Report Abuse
	Huh? Because some fickel Frenchmen aren't getting a long enough baguette break, the oil speculators jacked up the price?? This one I don't get. OK. So what if French dockworkers are on strike. Have the company move the ship to another port, or sell the oil someplace else. I'm sure they can find a willing buyer someplace close..like Rotterdam, for instance.
RochBear All-Star Author Minnesota Posts:844 Points:341,985 Joined:May 2006	Message Posted: 3/27/2008 9:44:00 AM	Ignore RochBear Report Abuse
	talk about Grasping at straws. This reporter is really out on a limb as to why the price of oil went up. Like the French can control the world price of oil with one port being shut down for 1 day.
scrounger Champion Author Vancouver Posts:5,375 Points:1,505,835 Joined:Mar 2003	Message Posted: 3/27/2008 9:43:15 AM	Ignore scrounger Report Abuse
	dagnabbed french!!!
tobasco Champion Author Los Angeles Posts:2,363 Points:690,070 Joined:Mar 2004	Message Posted: 3/27/2008 9:42:48 AM	Ignore tobasco Report Abuse
	I am breathing...bid the price up.
tarbaby1 Champion Author Twin Cities Posts:1,177 Points:569,020 Joined:Oct 2005	Message Posted: 3/27/2008 9:41:51 AM	Ignore tarbaby1 Report Abuse
	Oh...
1alden Veteran Author Twin Cities Posts:367 Points:95,375 Joined:Jan 2008	Message Posted: 3/27/2008 9:41:40 AM	Ignore 1alden Report Abuse
	Oh boy what will we do if four or ten oil tankers are blocked, I'll stay in bed with the blanket over my head.
pandarisuresh Sophomore Author New Jersey Posts:183 Points:102,065 Joined:Oct 2007	Message Posted: 3/27/2008 9:40:44 AM	Ignore pandarisuresh Report Abuse
	Good

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