Oil breaks $113 - new trading record

[spanone]

i think by the summer four bucks a gallon is gonna be a pipedream....more like five maybe

remember when bu$h* took office -22 to $28.00 a barrel



NEW YORK (CNNMoney.com) -- Crude oil prices rose to a new record high above $113 a barrel Tuesday as the U.S. dollar weakened further against the euro.

Light, sweet crude for May delivery rose to a new trading high of $113.93 a barrel in early morning electronic trading. The previous high of $112.21 was set April 9.

Oil settled at a record closing high of $111.76 a barrel on Monday.

"The path to $115 is cleared," said Stephen Schork, publisher of the oil trading newsletter The Schork Report.

http://money.cnn.com/2008/04/15/markets/oilprices/index.htm?cnn=yes

[mac2]

1. Stop those high prices now Congress.

The oil CEO excuse for high prices is a lie. Tell BP, Exxon, etc. to subtract that royality money they owe us to lower prices.

People won't be able to ship or buy food. Our whole economy runs on oil. We have many businesses failing in my area.

[DJ13]

2. Its time to stop adding to the SPR. and threaten to release SPR to cool markets

Also, its time to begin a serious joint SEC/DOJ investigation into the trading of commodity futures contracts on the NYMEX to root out manipulation and fraud thats behind the price increases over the last 5 years.