Oil Prices - What to do?

[CaribbeanJim]

Bush thinks his ethanol project is one of the biggest environmental achievements of his presidency. Sometimes, I don't know what planet he is living on.

OK, earth to president. Ethanol gives drivers 20% less fuel efficiency. It is one of the leading factors corn prices are going through the roof and encouraging inflation. Most farm animals are fed with corn. Most products in the store have some kind of corn-based ingredient. Agriculture competing with fuel. More trees are cleared to make way for more corn crops, thus causing more erosion, more extreme weather, poorer environmental conditions, more runoff into our rivers, natural wildlife and habitat suffers from an ever expanding growing field, etc.

This colossal mistake is what the public gets when an administration listens to special interests.


Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.