Oil eases after Monday's record, but stays choppy »
Posted By STONERS 5 months, 2 weeks ago in Business & FinanceOil prices eased slightly Tuesday following a wild, record-setting session the previous day as investors weighed expectations of higher Saudi Arabian output against the market's ability to quench soaring global demand.
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STONERS5 months, 2 weeks ago
"Light, sweet crude for July delivery fell 42 cents to $134.19 a barrel on the New York Mercantile Exchange, but posted occasional gains."
"Prices traded within a relatively narrow range Tuesday compared with recent sessions ahead of the expiration of crude options contracts later in the day."
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JohnQPublicComment removed: User banned.
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panzerv5 months, 2 weeks ago
http://www.youtube.com/watch?v=rJb3Lcvtn4M A piece of music for the times we face.
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HateKoolAid5 months, 2 weeks ago
Exactly JohnQPublic! Or at the very least bring oil futures under some sort of regulation. Ban "wash sales" or require at least a 50 percent margin on oil transactions like they require on stocks. The way the 'commodities game' is set up now the concept of supply and demand does not even play a role in oil prices.
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kedirian5 months, 2 weeks ago
First, we have ever increasing crude oil prices supposedly by "market forces"....
Today, we have Dubya calling for an end to the ban on offshore oildrilling and to begin drilling in the Alaska national Wildlife Reserve.
I smell a RAT (in plain English, NATIONAL BLACKMAIL!), and have been doing so for quite a while!
Any chance the suffering American people get to see who attended those secret meeetings between Cheney and the energy-CEOs - AND WHAT THEY DISCUSSED?
With tight Republican sphincters in the Senate, we have been unable to impeach both Dubya and Cheney, so a thorough investigation of Cheney's "secret" discussions (conspiracy) with those energy-CEOs seems far away.
However slow, the truth eventually will OUT...
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getreal15 months, 1 week ago
Dubya can't do any thing to help the American citizen or he would not be in control. Keeping the average American from making a living gives him and his cronies more power.
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