Monday, January 11, 2010

Four more years of Bush

Remember the good old days when car hops served food to your car and Bush was a slave to BIG OIL and the reason for $3.00 gasoline......

Oil prices jumped above $83 a barrel Monday in Asia amid signs of strong Chinese demand for crude and a weakening U.S. dollar.

Benchmark crude for February delivery was up 80 cents to $83.55 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. On Friday, the contract rose 9 cents to settle at $82.75.

China said Sunday that oil imports rose 14 percent last year to a record high in December, part of a 56 percent surge in overall imports last month. The better than expected Chinese figures helped investors brush off Friday's disappointing U.S. jobless report, which showed the economy lost 85,000 jobs in December and the unemployment rate was steady at 10 percent.


$3.00 a gallon gasoline works well for the unemployed right now. When do we get our Obama in a cardigan sweater speech?


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