Oil prices surge to all-time high

[smartvoter]

Crude oil prices surged to a record high above $58 a barrel on Friday, sustaining a rally built on strong demand for gasoline and diesel and on concerns about refiners’ ability to keep up.

“This is a pivotal point we’re at now,” said oil analyst John Kilduff of Fimat USA in New York. “We’re one hiccup away from $60.”

http://www.msnbc.msn.com/id/5612507/

[Systematic Chaos]

1. $60 is a foregone conclusion at this point.

I think a more accurate quote would be "one hiccup away from $80". :(

[smartvoter]

4. That is a scary thought. nt

[acmejack]

6. It is just the beginning

$100 is just around the corner. The trend is toward ever higher prices, increasing demand and static or decreasing supply.

[Tux]

2. But....

We're getting sweet Iraqi oil.

Time to make hybrid standard and drop SUVs like the dead weights they are.

[JDPriestly]

3. As the U.S. economy zooms downward

and Bush-Co., doing nothing to develop alternative energy sources, sends bull-in-a-china-closet Bolton to the UN.

[smartvoter]

7. But they're doing everything the can do. Don't you see? nt

[Democrats_win]

5. Bike-to-work week in Denver next week. Just in time!

NO money for you, Exxon.