Oil futures cross $67

[Nite Owl]

This rise was fast. How can they continue to say there is no inflation with a straight face?


Last trade 67.05 Change +0.30 (+0.45%)

Settle 66.75 Settle Time 14:46

Open 66.85 Previous Close 66.75

High 67.20 Low 66.85

Volume 1,352 Open Int. 200875
Add CLV5 to my INO Portfolio


Last tick: 2005-08-12 10:13:21 ET
30-min delayed quote.

http://quotes.ino.com/chart/?s=NYMEX_CLV5

(not sure that link will work without registering at www.ino.com but it should be at the chart on the home page.)

[harlinchi]

1. Easy to say with a straight face when one is used to lying.

Aren't energy prices and the cost of health care (the two sectors whose prices are rising the fastest) removed from the equation when determining the rate of inflation?

Isn't this administration still using Social Security funds to 'reduce' the size of the deficit? Isn't the 'war' still off of the books, funded by 'supplementals'?

Got Healthy Forests yet? Got Clear skies? Rooted out corporate corruption or achieved Corporate Responsibility yet? Preserved Social Security yet?

And what about that power outage, the one that caused such outrage a few years back. Wasn't the energy legislation begun as a consequence of that outage? Weren't they supposed to address the TRANSMISSION concerns? Does the recently signed legislation address those concerns or does it just give additional tax breaks to needy businesses like EXXON/Mobil, who, I understand recently announced first quarter profits exceeding $7 billion?

Lying is easy for these folks.

[Nite Owl]

2. I think they are both

removed from the calculation. Neat trick isn't it. Well how long will they continue to fool their base when their pocketbooks are getting slammed. Not all of them are wealthy.

Exxon/Mobile CEO is retiring with half billion dollar package for screwing us so well.

[Massacure]

3. Bloomberg says 66.35.

I'm confused. :shrug:

Edit: Your quoting October, not September.

[Nite Owl]

4. Bloomberg is probably

cash market and this is futures contracts.