BREAKING NEWS! Oil jumps $25 per barrel! Biggest one day increase!

[Liberal_in_LA]

Oil skyrockets, hits $130
Futures spike as much as $25 on the bailout plan, the falling dollar and as the October front-month contract expires.

http://money.cnn.com/2008/09/22/markets/oil/index.htm?cnn=yes

NEW YORK (CNNMoney.com) -- Oil prices jumped more than $25 a barrel Monday in biggest dollar jump ever as the dollar was punished by the government's $700 billion Wall Street bailout plan and big investors scrambled to fill obligations as the October contract expired

[WeDidIt]

1. Dow now down 300

I look for it to be another huge dump day for the Dow.

[LSK]

2. is there any more proof how much role speculators play in oil prices???

Drill my ass!!!!!!!!!!!!

[ddeclue]

3. Holy Crap!! n/t

This HAS to be a 1 day event or oil needs to be nationalized (it needs to be anyways).

If this happens again tomorrow we are so totally screwed.

[Sebastian Doyle]

4. Oh for fucks sake, can they be more transparent??

It's very simple.... take a prison transport bus down to Wall Street. Throw every last motherfucking one of them in that bus, take it to the Supermax prison in Colorado, and never let any of them see daylight again.

What they are doing is TREASON. According to US law, the penalty for treason is death. But I'd settle for life without parole.

[SammyWinstonJack]

6. I'm okay with doing that!

:bounce:

[Eurobabe]

5. Not much more to speculate with

LET'S DO OIL!!!

[radfringe]

7. bad for us, but a tiny silver lining

the higher oil goes, more the market sinks - the better it looks for an OBAMA WIN

terms I'm using - the GOP GOUGE, Bush-McCain Mess, Dubya's depression, republican recession, "today we are all Palin's Poor"

[ladjf]

8. There is your proof that the "bailout" is a scam that cannot succeed.

Why? Because the price of the "bailout" will reduce the value of the dollar to near zero, hence the market will collapse anyway. By avoiding the "bailout", the U.S. would still have the intended bailout money and the dollar would retain at least some value giving the Country at least some chance to rebuild.

[vanderBeth]

9. Crap!

:scared: