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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (16739)	10/15/2007 4:43:06 PM
From: American Spirit	Respond to of 224729

Pat Buchanon predicts a run on the dollar. If that happens, all bets are off. The Bushie trillions in deficits will have to be repaid with weak dollars, and China and the Saudis will own our butts. Under Bush the US dollar has fallen 60% against the Euro and is now equal or less valuable than the Canadian dollar. The cheap dollars they're flooding the market with now are the resulting of printing more money, not having more actual wealth. Bush is going to leave a huge fiscal mess to the next president.

To: Kenneth E. Phillipps who wrote (16739)	10/15/2007 6:04:01 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 224729

kennyboy cashes CDs and puts in crude future: Oil Closes Above $86 a Barrel By JAD MOUAWAD 2 minutes ago Tensions in the Middle East and uncertainties about the American economy propelled prices into record territory.

To: Kenneth E. Phillipps who wrote (16739)	10/15/2007 8:30:55 PM
From: Hope Praytochange	Respond to of 224729

kennyboy chasing ambulance on foot to save the environment and gasoline: Crude Closes in Record Territory Posted 3:11 PM Crude futures boldly went where no crude futures had gone before today, closing at $86.13 per barrel. Black gold continued to garner momentum from supply concerns due to risks to production in the Middle East and declines in U.S. crude inventories. According to news reports, Turkey moved a step closer to a possible incursion into northern Iraq as the government drew up a motion seeking parliament's approval for military action against Kurd rebel bases there. Those Kurd rebel bases are near large crude pipelines. This new concern helped to push reformulated gasoline prices higher as well. Phil Flynn at Alaron Trading told MarketWatch that the "surging price seems to have created a wait-and-see-to-buy attitude by refiners, wondering if they are paying too much." In addition, the week's inventory numbers due on Wednesday have started to weigh on traders. The concern is that colder temperatures will continue and an influx of Americans using heating oil will push supplies lower, and prices higher. Furthermore, John Person at NationalFutures.com suggested that "unseasonably warmer weather throughout most of the upper Midwest through the north east has led to increased demand for gasoline at a time when refineries are focusing production on heating oil is a concern and is helping to support prices." In fact, Flynn noted that "China is becoming startled at the higher crude prices."