Oil prices hit new record high $62.31 a barrel

From The Associated Press, 8/5/05: http://www.msnbc.msn.com/id/5612507

Oil prices close at record high

U.S. crude settles at $62.31 a barrel

Crude oil prices settled at a new high above $62 a barrel on Friday, rallying late in the day on concerns about refinery snags and following the release of a positive U.S. jobs report.

Light, sweet crude for September delivery rose 93 cents to close at $62.31 a barrel, a nominal record for crude since trading began on the New York Mercantile Exchange in 1983.

The previous settlement high was $61.89 a barrel set Tuesday.

Yip, gasoline here today was $2.37, which I think may be the highest yet.

Thank you George Bush for your new energy bill....... and your ass-kissing of the Saudis

$80 by december/January.

The great gouging continues.

Always the same theme under Republicans. 'What's good for Exxon is good for the United States'.

It was the same phrase by a cabinet nominee under Eisenhower more than 50 years ago, but then it was General Motors instead of Exxon

What US crude settles doesn't matter in the energy equation of life though. Which is of course the reason that we're fighting in Iraq for Suez Crude and that the US is still the only idiots in the entire world that even uses octane levels in their eco-reports.

'>>

And you will still be too stupid to invest, some people were meant to be poor whining cry babies.

dropped a +5 bundle of words...

Shit, if I had the money it'd be energy companies and banking company city.

But I'm too busy trying to survive to invest.