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Oil Jumps Over $3 After Report On U.S. Shot Toward Iran Boat

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posted on Apr, 25 2008 @ 11:51 AM
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Oil Jumps Over $3 After Report On U.S. Shot Toward Iran Boat


www.foxbusiness.com

SAN FRANCISCO -- Crude-oil futures jumped more than $3 in mid-morning trading Friday after news reports that U.S. military force fired at an Iranian boat.
(visit the link for the full news article)




posted on Apr, 25 2008 @ 11:51 AM
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When any excuse will do.......

www.foxbusiness.com
(visit the link for the full news article)



posted on Apr, 25 2008 @ 12:01 PM
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Nutty speculators are going to drive the economy into the toilet. They dont operate using very much reason. They seem to be driven by two things: Greed and Panic. I sometimes think Delusion may be another factor.



posted on Apr, 25 2008 @ 12:05 PM
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I just want to cry. No really, I mean I just want to sit here and cry.

What the heck is wrong with people? I'm the first to admit that I don't completely understand the gas prices and how / why they go up and down, but my God, when is enough, enough?

Is the world that much different now? All of my life I never remember gas prices jumping around the way they do now.

Why... Why.... Why.....



posted on Apr, 25 2008 @ 12:07 PM
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Gee, big suprise there. Somebody at OPEC rips off a fart, and these guys spike the prices through the roof in anticipation of a methane explosion.

This unbelievable greed is completely destroying our country.



posted on Apr, 25 2008 @ 12:25 PM
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Another reason for the oil price spike is the closure of the grangemouth oil production facility due to a strike (this will reduce the oil output from the UK by 1/3 )

BBC



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