Oil expected to go over $100 a barrel

All kidding aside, it was the rapid run up of oil prices in the spring of 2008 that finished off the economy. Now we see it happening all over again. Except we have no reserves this time.

Congress has dithered and blathered for almost 30 months. Speculators must be forced out of this market immediately. Obama must take back his drilling freeze comments....

.... of course he won't because he wants the economy destroyed.....

And people who buy oil futres MUST be able to take delivery of the product.  That'll slow'em down and bring reality back into the market.




Link

Hat tip to Trish for the poc!

OnTwitter I am Lesabre1

"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper

“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants. It is the creed of slaves.” - William Pitt

"Logic. There is little logic among the cultural elite, maybe because there is little omnipresent fear of job losses or the absence of money, and so arises a rather comfortable margin to indulge in nonsense." - Victor Davis Hanson