Friday, July 11, 2008

Crude Oil Back in Record Territory

Crude oil has surged higher again, nearly reaching $146/barrel during overnight trading. It's up nearly $10 in two days! It should be no wonder that stock index futures are lower. However, even with crude oil rising significantly yesterday, stocks closed higher! That's significant!

Here is an excellent article, well researched and factual, on Congress' role in this energy crisis, and why they are trying to shift the blame. It also discusses what will be the consequences for America. Excellent article by Walter E. Williams. Enjoy!
Congress is OPEC's Staunchest Ally