[Newsbot]

Title: Oil climbs above $58
Category: Business
Posted By: mtbr
Date: 2009-05-09 12:02:51
Canadian

[Proculation]

Le prix de l'essence bondit à 1,04 $ à Montréal

Price of gas in Montreal jumps to 1.04$.......

[dino_bobba_renno]

WHOOOOHOOO!!!!! Now if we can just get the price of natural gas up we'll be rockin.

[mtbr]

dino_bobba_renno dino_bobba_renno:

WHOOOOHOOO!!!!! Now if we can just get the price of natural gas up we'll be rockin.

well it has gone up too!

If oil stayed above 60 and gas was above 6 do you think it would make a big difference?

[dino_bobba_renno]

mtbr mtbr:

dino_bobba_renno dino_bobba_renno:

WHOOOOHOOO!!!!! Now if we can just get the price of natural gas up we'll be rockin.

well it has gone up too!

If oil stayed above 60 and gas was above 6 do you think it would make a big difference?

If it was stable then yes. It really needs to get to $80 and stay at around there before the number crunchers are happy but a barrel stable at around $60 will still do a world of good. The biggest deterrent so far has been the fluctuations in the markets, not just with the price of commodities but the fact most producers shares are in the shitter too. If the markets can come up a bit and we can get some stable pricing we'll see some movement.