Crude oil takes out its panic high of early March, when it spiked in response to the initial...


Crude oil takes out its panic high of early March, when it spiked in response to the initial Libyan hostilities, and now sits at its highest price since August 2008. No particular news - the cutoff of Libyan supplies against strong world economic growth continues. May crude is $107.24. Premarket: USO +0.6%

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Comments (3)
  • BlueOkie
    , contributor
    Comments (10648) | Send Message
     
    I figure if BHO continues to flip flop on Libya, he can run the price of oil up to $150. Isn't that what he wants for a environmental plan. He may cut oil by 1/3 well before his 2025 target date. Maybe he'll shoot a few missile at Saudi and really shake things up.
    1 Apr 2011, 07:50 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2001) | Send Message
     
    Keep that liquidity coming Bennie. Pump those presses because no one can afford to pump gas anymore. Clowns. We need more clowns.
    1 Apr 2011, 08:03 AM Reply Like
  • BlueOkie
    , contributor
    Comments (10648) | Send Message
     
    The dollar and the price of oil are a inverse relationship. Strong dollar means lower oil prices. Bennie is killing us. Inflation is just around the corner. Check interest rates around the world.
    1 Apr 2011, 08:25 AM Reply Like
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