Oil hits new record near $71

[italiangm]

http://news.yahoo.com/s/nm/markets_oil_dc

LONDON (Reuters) - Oil thundered to a new high near $71 on Tuesday as oil firms assessed damage wrought by Hurricane Katrina's rampage through the Gulf of Mexico, where most oil and gas output was at a standstill and refineries were shut.

U.S. crude hit a record $70.85 a barrel a day after Katrina ripped through the Gulf, which pumps a quarter of U.S. oil and gas, and slammed into Mississippi, killing at least 50 people.

U.S. natural gas was also sharply higher, and wholesale gasoline shot up to almost $3 on the Gulf coast. Gasoline trading on the New York Mercantile Exchange was halted briefly after the contract gained the maximum allowed.

[Sean]

let the gouging begin...lol

I have been driving quite a bit less and I run my errands all at once and do not leave school as often in between classes. Calling places up to check on things before making a trip is becoming standard now too. Glad I drive a civic

This is getting ridiculous.

[Boetie]

add the high cost of energy with the energy bill that does only one thing, take money from your pocket and put it into the pockets of the tyrants donors. Quite a slap in the face. If you turn the other cheek the tyrants will slap it just as well such as taking money from your pocket and again put it into the pockets of those energy companies aka tyrant donors. Which of course all of this baloney carried out by the tyrants won't do squat for the people.

[tman_ndsu08]

Quote by: Boetie add the high cost of energy with the energy bill that does only one thing, take money from your pocket and put it into the pockets of the tyrants donors. Quite a slap in the face. If you turn the other cheek the tyrants will slap it just as well such as taking money from your pocket and again put it into the pockets of those energy companies aka tyrant donors. Which of course all of this baloney carried out by the tyrants won't do squat for the people.

People have all the power in the market.

If you don't like something, don't buy it. If you do, buy it.


But please, for the love of god, stop bitching.

[lily]

I have to alugh at this.......they used that excuse last week, to raise the price before the hurricane even hit. Week before that it was a terrorist tax.

[Libertarian]

The oil market never just rises once something happens. Most oil traders speculate and that is what drives the price up.

[Boetie]

Quote by tman_ndsu08 People have all the power in the market. If you don't like something, don't buy it. If you do, buy it. But please, for the love of god, stop bitching

tman_ndsu08 you better go back and read my post. Here let me help you.

add the high cost of energy with the energy bill...

Now school time

Question: Add the high cost of energy with what?

Anwser: the energy bill

The energy bill is not the market it is government. Let's go on shall we

energy bill that does only one thing, take money from your pocket and put it into the pockets of the tyrants donors

Still not the market it's government. You really need to read other people's post. I was talking about government. You really really need to read.

Okay school is out now.

[tman_ndsu08]

Quote by: Boetie tman_ndsu08 you better go back and read my post. Here let me help you. add the high cost of energy with the energy bill... Now school time Question: Add the high cost of energy with what? Anwser: the energy bill The energy bill is not the market it is government. Let's go on shall we energy bill that does only one thing, take money from your pocket and put it into the pockets of the tyrants donors Still not the market it's government. You really need to read other people's post. I was talking about government. You really really need to read. Okay school is out now.

And in the end, it's still your choice to buy gas or not.

So shut it.

[Matt W]

Tman, try and post without being antagonistic and abusive for once.

[SteveA]

Dollar hits record low of 1/71st of a barrel of oil.