Here we fucking go again, Oil Futures at highest level ever!

[RiverStone]

Does the oil feed the war or does the war feed the oil? Hard to tell, but it is no coincidence that Exxon-Mobil posted the largest profit last year of ANY business in the history of this country.

And while the Oil Co.'s are rolling in the profits, the war profiteers keep doing their thing - and the two "profits" are closely linked. We are well over $457,000,000,000 spent on Shrub's war with no end in sight.

Reading article below, does this mean we are going to climb back into the 3 dollar+ something range just in time for the holiday driving season? War = higher oil prices = more profit = more war.

The spiral of corruption and connectivity between oil profit and war seems so vast, that it is way beyond the will of the voters to change a damn thing.

I wish I could afford an electric hybrid!

NYT
10/16/07

Oil futures rose above $88 a barrel in New York trading today, their highest level ever, because of unrest in the Middle East.

Crude oil rose to a record $87.97 a barrel in New York on concern Turkey may attack Kurdish militants in Iraq and disrupt oil shipments.
Crude oil for November delivery rose as much as $2.07 to $88.20 a barrel on the New York Mercantile Exchange during midday trading after jumping nearly 3 percent yesterday. Oil futures, which have gained $9 in the past six trading sessions, are up more than 43 percent this year.

On an inflation-adjusted basis, today’s prices are getting close to records reached in the early 1980s when an energy crisis and the Iranian revolution pushed oil prices up to about $100 in today’s money.

This week’s surge is being fueled by the threat of a Turkish military incursion in northern Iraq. The sudden tensions in a highly volatile region gave rise to fresh concerns about further instability in the oil-rich Middle East. Iraq is the third-largest holder of known oil reserves, after Saudi Arabia and Iran. Turkey is a key passage for oil exports from Iraq and the Caspian Sea.

http://www.nytimes.com/2007/10/16/business/worldbusiness/16cnd-oil.html?ref=worldbusiness

peace~:)

[TechBear_Seattle]

1. "Why do you hate America?"

I can just hear the Bushistas now :eyes: (and I include the Democrats in Congress who are steadfastly determined to keep their powder dry rather than hold the Junta accountable for their crimes.)

[Jim__]

2. Mission accomplished! - n/t

[nightrider767]

3. A perfect Storm

Bush and his team of oil insiders running our energy policy is like the fox guarding the hen house.

How incredibly sad.

I remember a couple of months ago Bush making the statement that "Americans shouldn't have to make the choice to drive smaller less safe cars".

I'll see you in hell George.

[Dr.Phool]

4. You'd think they would have eaten all the chickens by now.