Oil hits new record over $90

[Lunican]

Meanwhile, JTA is working on a mass transit system that relies on cheap oil in 20 years...

Crude surges more than $3 after report suggests OPEC isn't likely to boost production and Middle East violence flares.

NEW YORK (CNNMoney.com) -- Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.

U.S. crude for December delivery jumped $3.36 to settle at $90.46 a barrel on the New York Mercantile Exchange, surpassing the previous settlement high of $89.47 a barrel set Oct. 19. Oil also hit a new trading peak of $90.60, breaking the previous record of 90.07, also set Oct. 19.

Full Article:
http://money.cnn.com/2007/10/25/markets/oil_record/index.htm

[raheem942]

damn thats rediculise............global warming

[Bostech]

damn thats rediculise............global warming

No...profit.

[raheem942]

damn thats rediculise............global warming

No...profit.

yea ....your probaly right

[big ben]

not to mention inflated prices because of it, at a time that it could really hurt.

[gatorback]

We have our developing 3rd. world neighbors as a contributing factor remember.  Name one person in China that doesn't want to  drive a Caddy!