Crude futures reach fresh record above $140

RedEarth

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Thu Jun-26-08 01:48 PM
Original message

Crude futures reach fresh record above $140

Source: MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude futures reached a new record in electronic trading on Globex Thursday. Weakness in the dollar as well as production concerns combined to take August crude to a high of $140.05 a barrel, according to Factset. It was last up $5.20, or 3.9%, at $139.75 on Globex and up $5.45 at $140 on the New York Mercantile Exchange.

Read more: http://www.marketwatch.com/news/story/crude-futures-reach-fresh-record/story.aspx?guid=%7B73B58469%2D0BF8%2D4212%2DA5DA%2DC832D5696932%7D

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truthisfreedom

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Thu Jun-26-08 01:57 PM
Response to Original message

1. Sigh.

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Cronopio

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Thu Jun-26-08 02:45 PM
Response to Original message

2. "Weakness in the dollar" blah blah blah ...

Bullshit - it's 100% speculation. The dollar has been level or slightly rising over the last month, and any production concerns are vapor at this point in time.

I can't stand it when the MSM tries to make out-of-control greed sound rational. It's a system of hyper-capitalist profit junkies committing suicide for a short-term fix.

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daggahead

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Thu Jun-26-08 02:46 PM
Response to Original message

3. To quote Depeche Mode ...

With grabbing hands
They grab all they can
Everything counts
In large amounts

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RedCloud

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Thu Jun-26-08 05:52 PM
Response to Original message

4. Strike and boycott one!

Let's go people. Stop being pushed around. Let's pick a company and boycott their products until they die!

They make us die. They want us to fight their wars for them. It's past due for pay back. Lower the prices or face economic extinction!

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tama

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Thu Jun-26-08 07:51 PM
Response to Reply #4

5. Good idea

just remember to grow your own food, cause striking and boycotting means no trips to mall to buy food.

Learn to garden, seriously.

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daggahead

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Fri Jun-27-08 12:46 PM
Response to Reply #5

6. Gardening

I just planted some peas and some herbs today.

My green peppers are coming along nicely, too.

Yes, growing your own food is one good way to stop funding the plunder.

Going solar/wind/geothermal is another way.

Now if only we could grow our own cable TV and radio ... legally, that is.

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Tue Apr 30th 2024, 06:45 AM
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