Crude futures touch $80 for first time on Nymex

[Roland99]

Source: MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude futures touched $80 a barrel for the first time ever on the New York Mercantile Exchange. October crude was last up $1.58, or 2%, at $79.81 a barrel. The Energy Department reported Wednesday that crude supplies dropped 7.1 million barrels, and motor gasoline inventories have been falling for six weeks in a row.

Read more: http://www.marketwatch.com/news/story/crude-futures-touch-80-first/story.aspx?guid=%7BD48AAEA7%2DA6EE%2D48A5%2D9A6D%2DF451B87D3EFF%7D

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Not going to stop there!!

[n2doc]

1. no inflation here, nope, step along, nothing to see.... n/t

[Newsjock]

2. Mission accomplished

Dow industrials are up as I speak. The idiots on CNBC were actually celebrating the rise in crude prices earlier today. Disgusting.

Does anyone still not think there are two Americas? Our challenge is to fix this without an all-out class war erupting.

[superkia]

7. I think Dennis Kucinich is our best shot at fixing it.

[hogwyld]

3. If you think it's bad now, wait a couple of years

when Cantarell in Mexico runs out, and with the continued drop at Ghawar in Saudi Arabia, you'll need a boatload of cash to fill up, or to heat your home, or to just eat.

[Javaman]

4. Mexico is going to go south sooner than that...

6 pipeline blasts last week by rebels then 4 more last july. I'm predicting a Nigerian type trend down there.

[Roland99]

5. Now a Tropical Storm forming in the Gulf of Mexico.

$82 tomorrow?

[Amonester]

6. Surprise! (Not Really...)

JUST with all the Rumors(?) about the war criminals, world-class terrari$t$ & neocon-warmongering chickenhawk$ who R hiding inside 1600 Pens. Ave., threatening to bomb Iran to steal their oil, not really surprising...

Now, just try to "imagine" how high the pie in the $ky for crude will reach when these fool$ decide to f*ck everything up (again) the day they will order it for Real... (and Iran... retaliates, i.g. defend themselves against the illegal aggressor$)...

Of course, BigOil&MIC CEOs will have a ball... :grr:

But who else will? What a way to "open the spigot" hey? :crazy:

:nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: :nuke: