The Oil Drum: Europe

In our last poll on 16 APR (and here's the old accompanying comment thread), 42% of you predicted that CL would hit $127 in the front month before it hit $103. Yep, we've passed it today, though we closed below it. Oil has risen from $115 to $127 (~10%) in a month.

This is the comment thread for the poll, offer your conjecture and reasoning here...the actual poll itself is at this link.

In our last poll on 5 MAR (and here's the accompanying comment thread), 43% of you predicted that CL would hit $115 in the front month. We've passed it, but we haven't closed at it yet.

Either way, I thought a new poll was in order to celebrate Three Yergin Day. This is the comment thread, the poll is in the link below.

This site primarily discusses crude oil, its ubiquitous role in transportation and underlying reasons for its 9 year price climb. Less frequent but almost as important are discussions about its invisible cousin, natural gas, which fires a meaningful % of our electricity, and serves as the feedstock for plastics, fertilizer, and various other important social goods, like diapers and milk jugs. Following a dramatic price spike after Hurricane Rita, we've encountered 2 mild winters and no hurricane problems - natural gas markets have been quite docile of late. Here is a POLL and open thread to discuss natural gas prospects for 2008.

Jean Laherrere - US Natural Gas production and producing gaswells. Click to enlarge.

After reading the comments on Jason Bradford's post today "Does Less Energy Mean More Farmers", I noted, as in the past, the number of knowledgeable agricultural comments in the thread. I'm curious as to the breakdown of TOD readers and time spent growing food.

Here is a Poll and open thread on the topic...Also 2008 grains made multi year highs today Dec 08 corn closed above $4.60 a bushel. Beans at $11.

I'm having Galeux D'eysines squash tonight(yes thats really what they look like) with brown sugar, half and half and cinammon (I grew only the squash...)