Crude Remains Strong Despite Inventory Build

by: Barry Ritholtz

Crude closed at $68.86 (August 2007) Wednesday -- down 68 cents -- and the new futures contract starts Thursday.

Since I have been ranting today -- I remain firmly convinced that:

- Energy is not only a matter of economics, but a matter of National Security;
- Subsidies for Oil and Ethanol need to be replaced with subsidies for Solar;
- CAFE standards need to be raised;
- Expedited processing for Nuclear Power plant permits should be issued

crud_oil

I own a V8 (automatic), a straight 6 (6 speed), and a 4 cylinder (5 speed) -- so I am the last person to preach we all need to shift to Vespas and biofuels. But it's pretty apparent to even a gas hog like  me that we need to do something other than send billions of dollars to terrorist nations each and every single month.

V8

Source: Pat Oliphant via Yahoo!   

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