PDA

View Full Version : Oil, Wheat Prices Surge to Record Highs


medbiller777
September 12th, 2007, 05:14 PM
Commodities markets had a day for the record books Wednesday, as oil and wheat prices surged to all-time highs amid concerns over shrinking stockpiles and strong demand.
A barrel of oil briefly hit $80 for the first time as traders contended with a surprisingly large draw on inventories of crude oil in the U.S., as well as falling stockpiles of gasoline and heating oil. Meanwhile, robust overseas demand and dwindling world supplies of wheat drove prices above $9 a bushel, a new record.


http://www.breitbart.com/article.php?id=D8RK4C9O0&show_article=1&catnum=0
Rev. 6:6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou not hurt the oil and the wine.

lilbitsyspider
September 12th, 2007, 08:13 PM
This is the beginning. For the past several years there has been drought in so many countries, flooding in others that's caused this. According to the news here in the southern states farmer's are having to thin their herds because of the costs to feed and the lack of food stores to feed them. They say that meat will go up this winter but by spring we will really feel it. I myself already feel it, $2.75 a pound for ground beef. Give me a break that must have been a great cow.