Oil surges to $143 as global stocks fall further.

[Puddle]

OH SHiT!

"In this kind of a market people are looking for any reason to sell," said Chris Orndorff, managing principal and head of equity strategy at Payden & Rygel. "It's the opposite of a bull market when people take small positives and run with it. Now people are taking small negatives and running for the hills."

"I remain very bearish on stocks, even at current prices," said Christian Jimenez, president of IMENE Investment Partners in Paris. "We're seeing retailers getting punished as consumers' wallets are getting hit by high oil prices. They pay more at the pump and they have less money to spend."

Investors piled into energy, metals and grains markets for a second straight day, fleeing battered stock markets and the plunging U.S. dollar.

Crude for delivery in August rose 57 cents to settle at $140.21 a barrel, a record settlement price in New York, after hitting an intraday record high of $142.99.

Great timing for this. My gas goes up 2.4 cents on July 1st. Oh by the way thats a "Travel Holliday." Not for me I gata work.

Glad I don't drive a .

http://www.canada.com/theprovince/news/ ... 442302c47d

[Burris]

There was some moron CBS talking head saying 7 dollar gas prices are good because it'll get cars off the road. :rolleyes:

Some institute in Canada is predicting 7 dollars a gallon... 7.

[Puddle]

There was some moron CBS talking head saying 7 dollar gas prices are good because it'll get cars off the road. :rolleyes:

Yep that's the reasoning behind our current carbon tax. Ok here's a question. If they want more cars off the roead why the hell do they lease a new car every 2 years?
In other words. "Hey I can afford to drive with my job, I get a gas card. So why should I give a shit. Let the poor people go Amish."

[Rob]

Can we peg the value of the dollar to the price of crude oil or something?

[Burris]

That would be very bad.

[Rob]

Behold my utter ignorance of economics.

[Puddle]

The low dollar is driving investors towards oil funds. They are pulling out of Metals even gold. And driving up the selling price of oil futures. I bet Mahmoud Ahmadinejad came in his pants today. "Allright another step closer to Nuking Isreal! WOHOO!"
"KILL ALL ZIONISTS!"
"Someone call me a hooker."

[PrivateParts]

Am i the only one who wishes they could meet puddle while he's out in the middle of the street naked and raving like he does on the boards?

[Puddle]

Parts.. your luky I'm online man.

Do I have to explain investor relations to you?
Or shall I set you up with vandal?

[HS the Wasp]

I'm glad I'm going into the porno business. Its about to take off like my erections I'll be having. Up, up, up baby.