Beloved Citizen
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Sun Aug-01-04 10:49 PM
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U.S. Oil Hits Record, Nears $44 A Barrel |
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(Reuters - Singapore) - U.S. oil prices struck a new 21-year peak Monday, climbing close to $44 a barrel after the United States raised its security alert to high for a possible al Qaeda attack on a top financial institution. http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=5839607
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Bluebear
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Sun Aug-01-04 10:50 PM
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1. Kaching. Bush, Cheney, Condi, all oil people.... |
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And the morans who will vote for them because they are "decisive" and don't want gay marriage. :sigh:
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Massacure
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Sun Aug-01-04 10:53 PM
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2. I wonder if it will hit $45 this week. |
WLKjr
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Sun Aug-01-04 10:54 PM
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3. an old Marine Vet from florida whose computer I fixed |
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told me that it would hit 48$ a barrel before fall. Then would jump really high. Said he knows because he has been around a while (78 years old)
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cliss
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Mon Aug-02-04 12:46 AM
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4. My favorite writer, Stan Goff, |
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Edited on Mon Aug-02-04 12:47 AM by cliss
said that when oil hits $50 a barrel, our economy comes to a screeching halt. I don't think he means a 'slowdown' or 'difficult days ahead'. I believe him when he says it comes to a stop.
Right now, it seems that the Yukos refinery has halted production. This seems to be a government/clandestine in-fighting which is causing the delay.
Meanwhile, the situation in Venezuela continues to be volatile. Of course, we don't need to mention the powderket in Saudi Arabia. How about Iraq? Norway, the most peaceful country imaginable, just settled a labor strike, but tempers are apparently short.
It seems that wherever there's oil, that's where the hotspots are. Meantime, Americans are burning through 21 MILLION BARRELS PER DAY. (right?)
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DU
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Tue May 21st 2024, 12:03 AM
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