Crude Oil = $143+
At a certain point, the falling dollar and runaway Oil prices are going to have to take precedence over the economy and credit crunch.
Are we getting closer to that point?
This morning, Crude touched $143.67
>
August Crude Oil Futures, Intraday, June 30th, 2008
click for up-to-date chart
via Barchart.com
>
Related:
Fed's Priority Is Likely to Be Oil-Price Shock
MARK GONGLOFF and JON HILSENRATH
WSJ, June 30, 2008; Page C1
http://online.wsj.com/article/SB121478525202814621.html
Monday, June 30, 2008 | 07:15 AM | Permalink
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An article on the Business Week site today mentioned that the CFTC does not have to report about the effects of oil ETFs on oil prices until mid September. Oil $200 coming in August. I'm not kidding. These fuckers are going to steal until they sound 'last call'. And there will probably still be a few certifiable idiots who claim it is all supply and demand, the dollar, and slap fights in Nigeria.
Posted by: cinefoz | Jun 30, 2008 7:29:25 AM
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