Oil finishes higher on Bernanke comments

AP on Yahoo ^ | 1/13/09 | Mark Williams - ap

[NormsRevenge]

COLUMBUS, Ohio – Crude futures halted a weeklong price slide Tuesday, nudging higher after Federal Reserve Chairman Ben Bernanke said the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking U.S. economy.

After rebounding to a high of $50.47 one week ago, crude has fallen 30 percent as worries about the weakening global economy overshadow Mideast tensions, OPEC production cuts, the Russian-Ukraine natural gas dispute and a winter season expected to deliver the coldest weather in a decade.

[NormsRevenge]

One week to go..

I hear it may be kind of cool next Tuesday.

Bundle up, Ben.

[the_devils_advocate_666]

nd a winter season expected to deliver the coldest weather in a decade

Hijack to global warming/climate change thread: 3 ... 2 ... 1 ...

[Las Vegas Ron]

Bernanke speaks:

Oil prices go up

Stock market goes down

I think I see a pattern here

[Red Badger]

Bernanke, STFU!................

[From The Deer Stand]

If you watched 60 Minutes you learned the oil price thing is a speculator’s dream come true at the expense of the consumer. And, who bought out the patent to the electric auto battery? Was it Chevron? Consumers are at the mercy of a system, and politicians, whose goal is low mileage, higher gas prices, and more costs and taxes. While Detroit ignores things like hydrogen fuel devices in cars, over 20,000 Americans are exploring their own ways to get better mileage and with success.

[Red Badger]

Global warming is freezing my citrus trees!.............

[AprilfromTexas]

4later

[TexasCajun]

Rigzone is a great site to keep up w/ exploration & production.

http://www.rigzone.com/

[Buckeye McFrog]

my economic recovery plan would involve duct-tape across the mouths of any official in Washington who is involved in making economic policy

[Vaquero]

Bernanke needs to learn the double speak of Greenspan. Greenspan was the Casey Stengel of Fed Chairmen. When Alan spoke...everyone said HUH!

and the market flowed merrily along.

[Mark was here]

For goodness sake, low energy prices will help the economy, while high prices kill it.