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NYMEX Crude Oil (Light) ........................121.20 5.64 NYMEX NYH RBOB Gasoline (Globex) ...... 3.0421 .1318

Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!

SELL SELL SELL

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Ford to retool U.S. plants for European cars: report
Business News; Market Research

CHICAGO (Reuters) - Car maker Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday.

The paper said Ford has looked at bringing over European models, including the mid-size Mondeo, in response to high fuel costs that have hit sales of larger, fuel-hungry trucks and sport utility vehicles.

Reuters

Posted on Sunday, July 20 @ 12:42:16 PDT by coyote
 
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OPEC IS NO LONGER ABLE TO CONTAIN OIL PRICES

 
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