Why is oil rising to $100 per barrel bad for investors?

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kiki5711
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Re: Why is oil rising to $100 per barrel bad for investors?

Post by kiki5711 » Fri Feb 25, 2011 11:54 am

can you explain why "our" oil prices are going up when Lybian oil doesn't even come here? it's going to Europe. So why are we paying more? from what I understand most of our oil comes from Canada???
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Re: Why is oil rising to $100 per barrel bad for investors?

Post by Atheist-Lite » Fri Feb 25, 2011 12:15 pm

Quite a lot of Libyan oil goes to China and China owns America as a subsidiary so rather than raise prices in China proper it raises prices in America? :read:
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Re: Why is oil rising to $100 per barrel bad for investors?

Post by Hermit » Fri Feb 25, 2011 12:18 pm

kiki5711 wrote:can you explain why "our" oil prices are going up when Lybian oil doesn't even come here? it's going to Europe. So why are we paying more? from what I understand most of our oil comes from Canada???
Everything is connected with everything in this global economy. You can't have worries in Latvia, to pick a country at random, about where the next shipment of bunker oil comes from, without Canadians wondering if their oil is being exported to that country for the simple reason that the Latvians will pay more for it than Canadians.
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Re: Why is oil rising to $100 per barrel bad for investors?

Post by DRSB » Fri Feb 25, 2011 12:30 pm

Oil, like everything else, is a finite commodity. Some day there will be none.

This all is good news for Russia, invest in Russian stocks!
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