ApocaDocs: Oil jumps above $100 on refinery outage

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Posted Wed Feb 20 2008: from Associated Press:


	Oil jumps above $100 on refinery outage http://apocadocs.com/s.pl?1203469513 "NEW YORK - Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon. There was no single driver behind oil's sharp price jump; investors seized on an explosion at a 67,000 barrel per day refinery in Texas, the falling dollar, the possibility that OPEC may cut production next month, the threat of new violence in Nigeria and continuing tensions between the U.S. and Venezuela. The fact that there was no overriding reason for such a price spike could be a bad omen for consumers already bearing the burdens of high heating costs and falling real estate values."

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The ApocaDocs say:

PostApocHaiku:
a perfect shitstorm
for the consumer idling
in traffic's gridlock