Will We Hit $100?

[rustydog]

By Karen Lowry Miller
Newsweek International
Updated: 3:29 a.m. ET May 7, 2006
May 15-22, 2006 issue - The first oil shock of the 21st century is now upon us, even if it has not (yet) hit the global economy. This time, the early fallout is measured in largely political terms—in the growing cockiness of oil states like Venezuela, the defiance of Iran, the expansion of state oil companies from producing nations like Russia, the backlash against hugely profitable oil giants and the near desperation of incumbent politicians in consuming nations like the United States and Germany. In recent weeks, as the price of oil passed $70 a barrel...


read article here: http://www.msnbc.msn.com/id/12667616/site/newsweek/

Now you know why the reich wing is so anti immigrant these days. Oil is about to bite them on their collective ass just before the November elections.

[CGrantt57]

1. We might hit a $100.

However, if we do, not ONE of those Republican congressional bastards will be left standing come November.

Don't these idiots know that Americans vote with their wallets?

[mike923]

2. If it's that easy...then lets all buy oil futures....

oil is priced based on what people will pay for it. If enough of us buy futures, we could move the price per oil up. The higher the oil price, the lower Bush's approval numbers are.

If we put enough money in, we could all become millionaires. Sort of a bonus, if you will.

[puerco-bellies]

3. I like your style kiddo.. but

It is the funds that truly move a market. Even if every single person who could buy one, did purchase a futures long contract, the funds would see that the bullish fundamentals were weak/shallow, and step in to spring a soul crushing bull-trap. So long and thanks for all the fish.. Please play again. :-)

[genieroze]

4. I thought they voted on morals.

:sarcasm: