U.S. Crude Oil Price Hits Record
NYMEX crude oil futures rose to a record high of $43 a barrel despite an increase in U.S. crude inventories amid record imports, as traders worried about supply after Russian oil company YUKOS was ordered to halt sales.
The Energy Information Administration said on Wednesday that crude stocks rose in the United States by 1.2 million barrels to 300.5 million barrels amid record imports of 11.3 million barrels per day.
The $43 per barrel price is the loftiest level in the 21-year history of crude futures trading on the New York Mercantile Exchange.
I think this high is just the beginning of where the cost per barrel is headed.
They wont let them drill in the ANWR becuase their afaid of harming the polar bears(poppycock)and becuase of jerks like tom daschele we still depend on OPEC for our oil imports and we get high gas prices what a bunch of green liars and crooks lets strand these eco-freaks and liberal journalists in the middle of nowhere for a whole year
Hey, Kerry and the Democraps do want to raise the price of gasoline so that the average American can’t afford a car. They just want the price hike to be taxes, not cost of crude oil, so they get to spend the money entrenching themselves in power.
And, what was the price of a gallon 4 years ago? I reacall a campaign wherein someone said “ask yourself if you’re better off today than 4 years ago?” The current day answer to this thought provoking questionis: NO!