Oil prices up on word US ship fired on boats in Persian Gulf

[68ZooM]

It's Comforting to know that news like this just drives the price up even more, this is out control.       


NEW YORK - Oil prices rose sharply Friday on news that a ship under contract to the U.S. Defense Department fired warning shots at two boats in the Persian Gulf. Retail gas prices as expected rose further into record territory, nearing $3.60 a gallon.
 
Crude prices rose on initial reports that a U.S. ship had fired on two Iranian boats; the news raised concerns that a conflict between U.S. and Iranian forces could cut oil supplies from the region. A Navy spokeswoman said the origin of the boats was unclear



Here's the complete story

http://news.yahoo.com/s/ap/20080425/ap_on_bi_ge/oil_prices

[AquaShrimp]

Vote for the only candidate that is pushing a 150 billion dollar BIOFUEL program. 

Hillary Clinton.

[Trell]

Its one way to starve us

[Ripsnort]

Vote for the only candidate that is pushing a 150 billion dollar BIOFUEL program. 

Hillary Clinton.

Starve the world!

[FrodeMk3]

I'd like to know what the "ship under contract" was, or who it was.

[Pooh21]

Was probably carrying a load of Hostess Cupcakes.

Oil futures traders need to grow some stones.

[Kaw1000]

ITS A JOKE!!!!!! Iraqies pee in water.....price of oil goes up!!

[Delirium]

"In other news, a small mouse was found a tanker enroute to the Middle East causing oil prices to climb another $50 a barrel. At the time the tanker was empty but the small rodent made the crew so nervous they jumped ship abandoning their ship blockading the Strait of Hormuz. This in turn caused OPEC to cut production and now it costs your left AND right testicle to fill your tank... after labor day and the summer driving ceases, the price is expected to fall until winter cold sets in and heating oil is needed."

 

[Charon]

I heard oil analyst Peter Beutel say on the radio the other day that if he put oil in his car and threw out a quart that was still half full the markets would react. It's surreal.

Charon

[rpm]

Starve the world!

Switchgrass.

[LePaul]

Its these oil speculators who are hurting us harder than anything else.

[Nilsen]

I wonder how many oil speculators have played with the idea of buying a rubber duck and paint it in iranian colors before they send it floating down the Tigris river.

Headline news and they make a truckload