Oil reaches $117 for first time

[cboy4]

Source: BBC



Oil prices crossed $117 a barrel for the first time after a militant group in Nigeria said it had attacked a Royal Dutch Shell-operated pipeline.

Confirmation that production had been hit revived US sweet, light crude, which had fallen more than $2 to $112.7 a barrel earlier.

The initial fall was sparked by the dollar's recovery against the euro - a turn-off for oil's foreign buyers.

But supply fears and uncertainty in oil-rich Nigeria erased those declines.

New York sweet light crude closed up $1.83 at $116.96, while London Brent finished up $1.49 to $113.92 - a new all-time high.




Read more: http://news.bbc.co.uk/2/hi/business/7355121.stm

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So how much does it cost you to fill up your car each week?

I'm at $50 bucks. :puke:

[Skittles]

1. I don't fill my car each week

I fill it monthly - I do a lot of walking

[cboy4]

3. I'm so jealous.........if I didn't have a 20 mile drive to work

from the suburbs.....

[Skittles]

6. I do have to drive to work - 4 miles

but I walk to do most my shopping :)

[tama]

7. 4 miles is bicycle range, easily n/t

[Skittles]

8. LOL not in the Metroplex

I will not endanger my life - period

[fasttense]

2. Isn't it quite convenient that the government excludes energy prices

in their estimate of inflation? They also exclude food and housing. Funny that they excludes everything you need to live. I'm surprised they don't exclude water and air. Well we don't have to pay for the air we breath, yet.

[Fovea]

9. Apperently, human needs are not an element

of the RepubliKan designed AmeriKan eKonomy.

And debt is the new asset.

[Baby Snooks]

4. And a Japanese tanker was attacked off Yemen

Prepare yourself for the shock of $4 a gallon gasoline. But not to worry. It won't stay at $4 for long. It will go up to $5 before you know it. Buy a bicycle. You may need one.

[freedomnorth]

5. duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3274134

And older than 12 hours.