Monday, September 22, 2008

And to my earlier point: Crude Oil Has Biggest Gain Ever as Dollar Drops Against Euro

Just as I suspected, energy and food prices are shooting through the roof. This is not rocket science. The problem is we have buffoons at the helm of this ship. This makes me want to revolt. I should have know, with all the idiots in this country, that they would eventually try to destroy the financial prosperity we all enjoyed over the last decade and a half. This thing isn't even close to over either. Brace yourself. McCain is insane, and Obama seems to becoming more and more deceptive (e.g. FISA). We cannot trust either man. I honestly think the most qualified presidential candidate, based on the current economic situation, is Ron Paul. If that caught your attention I dare you to argue with me.

Investors looking to hedge against the dollar's decline earlier this year have helped lead oil, gold, corn and gasoline to records.

Sept. 22 (Bloomberg) -- Crude oil climbed more than $25 a barrel, the biggest gain ever, as the dollar weakened the most against the euro since January 2001, boosting the appeal of commodities as a hedge.

Crude oil for October delivery rose $18.05, or 17 percent, to $122.60 a barrel at the 2:30 p.m. close of floor trading on the New York Mercantile Exchange. Futures climbed as much as $25.45 to $130 a barrel, the highest since July 22.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aPhXLrPjePjQ&refer=home

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