Friday, August 22, 2008

Brent Crude wins the Olympic Gold for the high jump - hitting $120 and klapping the smart alecks at

|Please read this incredibly stupid article stating exactly the opposite: that Oil has been immune to the tensions in Russia ya de ya de blah blah, ballderdash bullshit, and from nogal:
The falling oil price is a lull in the storm By Nick Butler
clipped from

NEW YORK - Oil prices shot up $6 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of a disruption of energy shipments to Western countries.

Tensions with Russia about a deal between Washington and Poland to install a missile defense system in Eastern Europe — seen as a threat by Moscow — and the continued presence of Russian troops in Georgia contributed greatly to the bullish mood.

Light, sweet crude for October delivery jumped $6.32 to $121.88 a barrel on the New York Mercantile Exchange. It was crude's highest trading level since Aug. 4.

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