Light Crude Oil (CL, NYMEX)
Daily Commodity Futures Price Chart: July, 2007
chart courtesy of TFC Commodity Charts
Crude closed at $68.86 (August 2007) today — down 68 cents — and the new futures contract starts tomorrow.
Since I have been ranting today — I remain firmly convinced that:
- Energy is not only a matter of economics, but a matter of National Security;
- Subsidies for Oil and Ethanol need to be replaced with subsidies for Solar;
- CAFE standards need to be raised;
- Expedited processing for Nuclear Power plant permits should be issued
I own a V8 (automatic), a straight 6 (6 speed), and a 4 cylinder (5 speed) — so I am the last person to preach we all need to shift to Vespas and biofuels. But its pretty apparent to even a gas hog like me that we need to do something other than send billions of dollars to terrorist nations each and every single month.
Source: Pat Oliphant via Yahoo!
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.