Oil falls to near $106 after US crude supply jump

Yes oDUMBa wants alternative energy. T Boone Pickens states he only spends 1.00 per gallon to fill with natural gas. Within a year of that becoming the norm, what do you think natural gas will cost? Do you honestly think XXXon/Mobil, GolDAMN Nut Sachs, and Wall Street are going to allow you cheap energy? Get real people. XXXon/Mobil is already investing millions in natural gas, and it aint so you and I can catch a breath.

The US, France and Great Britain are planning to release from each's oil reserves. This is likely to drive prices lower. WHY NOW??? Maybe because they know Israel is going to hit Iran soon and they want the shock to be lessened on all of us when prices skyrocket from where they will be at the time of the attack.

Just sayin', all of this is forecast, watch Israel/Iran coming to a newscast near you.

The speculators are getting ready to take a big hit. Driving is down due to the cost of gas and stockpiles of gas and crude will continue to climb. Chu on that

This is a case of price fixing, pure and simple. All of the stations go up the same amount at the same time. Oil price on the market has not really moved for several weeks, yet gas prices keep going up. The DoJ needs to start filing charges against big oil.

We picked a leftwing zealot that just showed his hand to us , telling Russia we can help you out on the treaty when we win the WH again , more flexibility........to go HARD left.

Sorry Barry you aren't winning the White House again or healthcare....guaranteed. If you had focused on jobs and the economy instead of healthcare for two long years you could have done some good. NOPE.......
We got high gas, high oil , no coal, no energy policy, extended war in Afghanistan, Isreal getting duped....ETC.......hard left baby the cliff is coming.

Just what Obama wanted. I recall and interview he did where he explicitly stated he wanted gas prices to go as high as they can so that this "green alternatives" can be justified. What a horrible president. Wanting the cost of one energy source to inflate so that the less efficient energy sources can have a chance. Sounds almost like another entitlement program.Yep, he's a Chicago politician alright.

$106 a barrel is a joke and a insult to hard working Americans. In this horrible economy and the weakest demand in years,oil should be no more then $40 a barrel. The Memorial 3 Day Weekend gasoline and diesel Boycott is coming May 26, 27 and 28th. Don,t buy or use any all 3 days. Be part of saving the American jobs and economy.

"showed a larger-than-expected jump in U.S. crude supplies"

Where do I get a job forecasting these things? Every figure that comes out is unexpected. I think I could do that job!

The only excuse they should use on the high price of gas is............Cause they want it that high....All the other excuses dont work.....One minute its demand is too high then production down......

Anyone tired of the same comments to every single article about oil prices? "This is price fixing", "Hang the oil companies", "shoot the speculators". This is a free global economy, the oil prices needed to spur investment are in the $60-80 range, get the government to support drilling and key projects like KeystoneXL and offshore drilling as well as ANWAR and you will have the supply necessary to bring prices down while being less effected by countries like Syria and Iran. This is no longer about American oil demand, this is driven by global oil demand and North America needs to do its part to increase production, especially since we hold the largest reserves on the planet, regardless of what you may have heard by Obama.

Dont worry the powers to be will have crude right back up by the end of the day. Remember we were told we were going to have 4 to 5 dollar gas by summer. When the idiots accomplish that there wont be any money left to buy gas.This country is run by self serving fools.

I slowed my butt down and so did the people around me on the road.

All i hear is how horrible Obumma is. If he is elected again i believe it will not be, because he had the most votes or electorial votes or rubbish of that source. It will be, because of fussy math going on, get my drift?????????????????? He is backed by one of the richest people on earth. Do not second guess me on this!!!!!!!

WOW last week inventories were weaker than expected

As is normal no one bothers to ask why gas has essentially climbed o $4/per gallon when oil is at $105-110/barrel. The first time gas hit $4 oil was at $145/barrel. And no it is not the devalued dollar that caused that. That contributed to the rise of oil to its present level. Obviously oil companies and refiners are gouging the American consumer. But that is the American way. Politicians gouge, so why shouldn't mega corporations? They are the ones that put the politicians in office and buy the opinions of the pundits!

"However, crude demand hasn't picked up yet and economists expect consumption could remain tepid with U.S. gasoline prices nearing $4.00 a gallon."

Why would crude demand rise when gas prices keep rising?

Oh wow what great news, oil down to 106, this must mean that hussein is a shoe in for re-election

i can make oil crash. Pass a tax of $25 per horsepower over 145. $5000 a year for 345hp. THAT should kill demand.

anyone notice how the senator who was talking about the head of the cftc not doing his job regarding spectulators in the oil market , have you heard anymore on this, no you have not do you think this is just election garbage, if he is not doing his job as head of the cftc then get rid of him, he is appointed to this position is he not

If speculators say that oil is plentiful the price goes down and they buy oil and then they say that there is a shortage in oil and they sell it for a higher price. Isn't this inside trading