Thread: Oil Slick Stuff

Knockdown punch number 3:

American's net worth declined by 1.7 TRILLION the first quarter-

http://money.cnn.com/2008/06/05/news...ion=2008060513

as debt soared and home prices fell.

Folks- you thought the "subprime" was bad?

Just wait until all that credit card debt out there can't be paid back. THAT will be an even bigger hit on our economy than the subprime fiasco.

I'm working hard to try and pay down everything, but I have a feeling that we'll all be staying close to home, (gas prices), and eating from our gardens more in the future.

Have you planted your "Victory over Inflation" garden yet?

(I've got tomatoes, green peppers, potatos, and green beans planted now. I may want to till over some more land this week, and plant more potatos. We may need it. )

Originally Posted by James48843

Have you planted your "Victory over Inflation" garden yet?

(I've got tomatoes, green peppers, potatos, and green beans planted now. I may want to till over some more land this week, and plant more potatos. We may need it. )

I'm in the middle of trying to get the soil ready for planting next year, I have 100% Clay with no Topsoil, and raised beds take some prep work. To beat inflation and get better vegetables mmmm! I've been going to the local Farmer's market. Prices there are looking especially good - and so's the produce.

Light Sweet Crude
10:27........$133.11.....+5.32
This is NOT pretty!!!

Oil's 2-day surge tests record

Futures skyrocket $11 on a sliding dollar and a Morgan Stanley report predicting $150-a-barrel oil.

By Catherine Clifford, CNNMoney.com staff writer
Last Updated: June 6, 2008: 10:47 AM EDT





NEW YORK (CNNMoney.com) -- Oil prices surged for the second straight day, rising at one point to within 41 cents of the all-time intraday record, on a dollar decline that stemmed from a weak jobs report and a forecast of $150-a-barrel oil.[more]



http://money.cnn.com/2008/06/06/news...ion=2008060610

I keep telling you guys....$150 oil by the end of the year. Pause after that - new Administration and all that - but it will be $200 by 2010. That's the targets.

Oil doesn't care who gets elected, the industry rules the White House and Congress regardless of who sits in it.

11:23........$134.23.....+6.44
It's got to stop somewhere!

Play the Game, Everybody play the gammmmeeee of Oil! (supposed to be Love, you silly investors)

13:52........$137.07.....+9.28Attachment 4012

Reuters
Oil surges more than $9 to record $137
Friday June 6, 1:28 pm ET
NEW YORK (Reuters) - Oil roared more than $9 higher to a record over $137 a barrel on Friday on the weaker dollar, tensions between Israel and Iran, and a Morgan Stanley forecast that falling U.S. stockpiles could send crude to $150 by July 4.

U.S. crude surged $9.00 to $136.79 a barrel by 1:23 p.m. EDT, off a record $137.70 hit earlier in the session. London Brent crude rose $8.51 to $136.05.
Oil has surged this year in part due to an influx of cash from investors seeking a hedge against the weaker dollar and inflation. The greenback weakened against other currencies on data showing the U.S. economy lost jobs for the a fifth straight month and the unemployment rate shot up to its highest in more than three years.[more]
http://biz.yahoo.com/rb/080606/markets_oil.html

I think we have another RECORD!!

LSC
Settle.06/06/08..$138.54.+$11.21

Gas +.1382

Yhis maybe an avenue to take to start the public pressure to wake up..

http://www.americansolutions.com/