Oil tops $129 a barrel, heads for $130

[run2Jesus]

http://www.msnbc.msn.com/id/12400801/

[run2Jesus]

updated 45 minutes ago
VIENNA, Austria - Oil prices spiked to a new trading high Tuesday, sweeping toward $130 a barrel as supply concerns intensified the momentum buying that has lifted crude deeper into record territory. Gasoline, meanwhile, reached an average of $3.80 at the pump for the first time.

The June contract for light, sweet crude traded as high as $129.60 on the New York Mercantile Exchange before settling back to $129.43, up $2.38. The imminent expiration of that contract created additional volatility in the market, and raised the very real possibility that crude could hit $130 before the end of the day, when the contract was ending.

Oil’s trek toward $130 coincided with the Labor Department’s report of an unexpectedly sharp rise in wholesale inflation last month. The combination raised fears that inflation will slice into Americans’ discretionary spending, and that sent stocks falling sharply on Wall Street.

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[HisAlways]

It's PAST time we hound and hassle our reps like we did during the immigration debacle last year (or the year before) and DEMAND we prepare to drill for our on oil.

A new refinery, and drilling off the Gulf and Atlantic coasts and perhaps Alaska, HAS GOT to be started.

At the same time, continue to work on alternatives.

It's better than watching this horror continue, and do nothing !!

[stonewallfan]

It's PAST time we hound and hassle our reps like we did during the immigration debacle last year (or the year before) and DEMAND we prepare to drill for our on oil.

A new refinery, and drilling off the Gulf and Atlantic coasts and perhaps Alaska, HAS GOT to be started.

At the same time, continue to work on alternatives.

It's better than watching this horror continue, and do nothing !!

:preach!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Spot on enough with the hot wind need results and action not words I do not relish raising my kids in a third world country

[penbrat]

Well of course it's going up, right in time for Memorial Day Weekend. How dumb do they think we are?

[HisAlways]

:preach!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Spot on enough with the hot wind need results and action not words I do not relish raising my kids in a third world country

Let's start today. Flood them with mail. Copy a few different form letters to make it easier to paste into an email or print out every and every day.

We did it once.....we can do it again !!:thumb While they twiddle their thumbs, wondering what can be done....we'll continue to tell them.

I just did !! (again)

[ftwspursfan]

Please read the thread I just started. It is a story by Ed Wallace for the FTW Star Telegram about oil price manipulation

http://www.rr-bb.com/showthread.php?t=46511