[Vision2020] Oil Record One Day Increase: Record Price Per Barrel: $138.9

[Donovan Arnold]

If oil prices keep climbing, I think I am going to move into a cardboard box and gnaw on it for nourishment. 
   
   
  Best Regards,
   
  Donovan

Ted Moffett <starbliss at gmail.com> wrote:
    http://www.msnbc.msn.com/id/12400801/
   
  NEW YORK - Oil prices shot up more than $11 to a new record above $139 Friday after Morgan Stanley predicted prices would hit $150 by the Fourth of July. The unprecedented jump is all but certain to drive gas prices well past the $4 mark in the coming weeks.
    Oil's meteoric surge, which pushed prices more than 8 percent higher in a single day, added to a huge increase Thursday to cap oil's biggest two-day gain in the history of the New York Mercantile Exchange. The burst higher — which also came on rising Middle East tensions — also raised the prospect of accelerating inflation by adding to already strained transportation costs.
  That gloomy outlook sent stocks tumbling, taking the Dow Jones industrials down more than 300 points.
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  Vision2020 Post: Ted Moffett

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