Well well look at oil go.....$101.60

Aaron Copland · Feb 28, 2008

Thanks fed your doing a great job, Just think people will have plenty of money for gas when they get the rebate check in May.

Demand will be great $4.00 here we come.

MrDODGE · Feb 28, 2008

Just wait until Obama becomes president and fks everything up even worse than it is right now.

PAPA ROACH · Feb 28, 2008

Quote from MrDODGE:

Just wait until Obama becomes president and fks everything up even worse than it is right now.

That is a total impossibility, we are already 100% fucked to the max. Can't be >100%.

MrDODGE · Feb 28, 2008

Quote from PAPA ROACH:

That is a total impossibility, we are already 100% fucked to the max. Can't be >100%.

Raising taxes and regulating hedge funds wouldn't be considered >100%?

VictorS · Feb 28, 2008

Quote from MrDODGE:

Just wait until Obama becomes president and fks everything up even worse than it is right now.

Obama?? Do you see the direction this screwed up economy is headed toward without him as prez?

PAPA ROACH · Feb 28, 2008

Quote from MrDODGE:

Raising taxes and regulating hedge funds wouldn't be considered >100%?

Hedge funds need to be regulated, they in part are part of the problems we are in. There is a speculative premium in the commodity markets due to excess speculation by these unrestricted funds.

S2007S · Feb 28, 2008

3 years ago if you said oil was going to $100 you would have looked like a fool....amazing isnt it, oil at 100+ gas going to $4.00...look at wheat going through the roof as well.

TGregg · Feb 28, 2008

Just think how high it'd be if there wasn't all this deflation going on.

nutmeg · Feb 28, 2008

Quote from PAPA ROACH:

Hedge funds need to be regulated, they in part are part of the problems we are in. There is a speculative premium in the commodity markets due to excess speculation by these unrestricted funds.

Hedge funds are global. We regulate them they'll leave or be uncompetitive.

DHOHHI · Feb 28, 2008

Quote from Aaron Copland:

Thanks fed your doing a great job, Just think people will have plenty of money for gas when they get the rebate check in May.

Demand will be great $4.00 here we come.

You're blaming the economy and the problems that exist on the Fed? Who buys gas gazzling SUV's? The consumer. And often times it's people who can't afford their car payments to begin with. Add in higher oil and they sink deeper into debt. They refinance their houses to get more accessible cash. They then spend that on more "consumption" -- buying crap from Wal-Mart. Seems to me it's choices made by consumers that have the economy where it's at. We've had near zero savings rates for years now. People have a choice -- they can live within their means or choose not to. The latter choice adversely impacts them individually and the overall economy. Just glad I'm not the "average" consumer.