[nhwingut]

Pump prices kept marching toward $4 a gallon Thursday and signs of a stronger U.S. economy helped push the price of benchmark oil past $108 per barrel.

The media is corrupt.

[RinaseaofDs]

Price of gold: $108/ounce
Price of oil/bbl: $1717

(prices as of today from the WSJ)

1 ounce of gold buys 15.87 bbls of oil in 2012.

In 1940, 1 ounce of gold bought 16.2 bbls of oil.

Given the increase in cost attributable to regulation, ethanol, etc., I’d say the oil companies have done an amazing job keeping the cost of oil stable over time.

The ONLY REASON why oil, gold, and gas are going up is because of INFLATION due to all the easy money floating around the planet right now.

It’s going up again, because Europe just launched QE3 over there. The REAL inflation rate, or EPI (Everyday Price Index) is over 8 percent.

You are right, the media are f’ing liars. However, the American people are likely as stupid as everyone thinks they are.

[NormsRevenge]

just saw a banner on Yahooey Business page
waiting for a link

Saudi pipeline explosion ..
Oil prices went over $110