"D.Duck" wrote in message
news

"HK" wrote in message
...
JoeSpareBedroom wrote:
"HK" wrote in message
...
Inflation Rate Is Worst in 17 Years

WASHINGTON (AP) -- Higher costs for energy and food last year pushed
inflation up by the largest amount in 17 years, even though prices
generally remained tame outside of those two areas. Meanwhile,
industrial output was flat in December, more evidence of a significant
slowdown in the economy. Consumer prices rose by 4.1 percent for all of
2007, up sharply from a 2.5 percent increase in 2006, the Labor
Department said Wednesday. Consumers felt the pain when they filled up
their gas tanks or shopped for groceries. Prices for both energy and
food shot up by the largest amount since 1990.


I'm tellin' ya....we should've invaded Saudi Arabia instead of eye-rock,
and just taken their damned oil. At least we could've been honest about
that mission. Put the whole damned country under new management.


Speaking of SA, did you see our fearless leader begging in the Middle
East for the Saudis to drill more? If memory serves, oil was around $25
a barrel when President Idiot presumed office in 2001.

I remember the discussion earlier of high oil prices being blamed on the
speculators in the trading pits.



I remember that, too. It's back. The word "investors" is in the sentence
below. Who are these "investors"?


Oil Falls Sharply on Economic Worries
January 15 2008
"Oil futures dropped sharply Tuesday as a dismal retail sales report
confirmed a growing view among investors that the economy is slowing and
that demand for energy is likely to fall.

http://money.excite.com/jsp/nw/nwdt_...=ap-d8u6hq2g3&