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Originally posted by vox2442
Quick question - what`s a catcracker?
I`ve seen that in here a few times, but I`m at a loss. What is it, what does it do (in a nutshell)?
Originally posted by runetang
no, its not a setup people..
Source | MSNBC | Cost of oil passes $100, sets a new record
NEW YORK - Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon.
There was no single driver behind oil’s sharp price jump; investors seized on an explosion at a 67,000 barrel per day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, the threat of new violence in Nigeria and continuing tensions between the U.S. and Venezuela.