The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: BWAC who wrote (93969)	11/6/2007 12:43:58 PM
From: Smiling Bob	Read Replies (1) of 306849

All one needs to do is scrape the black gooey stuff off your boots and you're ready to march on down 3 miles to your burger flipping job. There you're entitled to your daily meal allowance. Besides, walking is good for you and it keeps you warm. You'll need to stay healthy- it's an insurance issue. No wonder the DOW won't go down --- Gas prices jump back above $3 a gallon By JOHN WILEN, AP Business Writer Mon Nov 5, 4:08 PM ET NEW YORK - Gasoline prices jumped back above $3 a gallon at the pump Monday even as concerns about the economy and increases in crude supplies sent oil prices lower. --- Oil Hits $97 on Bombs, Demand Prediction Tuesday November 6, 12:01 pm ET By John Wilen, AP Business Writer Crude Prices Soar Past $97 a Barrel on Middle East Bombings, Government Demand Expectations NEW YORK (AP) -- Oil futures jumped to a new record above $97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that have driven crude prices higher in recent weeks. ADVERTISEMENT Those concerns were further fed by a government prediction on Tuesday that domestic oil inventories will fall further this year while consumption rises. Oil was already up before news of the blasts in northern Afghanistan that killed 64 people and the attack in Yemen. Severe weather forecasts for the North Sea, expectations that domestic crude supplies fell last week and the weak dollar all contributed to the latest move upward. While Afghanistan doesn't produce much oil, traders watch for the possibility that any escalation in the conflict there between U.S. armed forces and Islamic militants could spill over into other countries, disrupting oil supplies out of the Middle East. John Kilduff, vice president of risk management at MF Global UK Ltd., noted that the attack in Yemen "has disrupted a pipeline that carries 155,000 barrels a day of crude."

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