Crude Oil Briefly Hits High Above $72 a Barrel, Then Eases As Traders Take Profits  ... http://biz.yahoo.com/ap/060420/oil_prices.html?.v=16

Oil Prices Settle Above $75 a Barrel on Concerns About U.S. Supplies, Iran's Nuclear Ambitions ... http://biz.yahoo.com/ap/060421/oil_prices.html?.v=19

holy crap... sppolocipse is apon us?

Finance Leaders OK Proposals to Improve Handling of Global Financial Woes, Including Oil Prices ... http://biz.yahoo.com/ap/060423/finance_meetings.html?.v=5

Oil Prices Fall Below $75 in Profit Taking, but Worries About Iran, Nigeria Remain ... http://biz.yahoo.com/ap/060424/oil_prices.html?.v=3

Oil, Gasoline Prices Fall After President Bush Gives EPA the OK to Relax Clean-Fuel Standards ... http://biz.yahoo.com/ap/060425/oil_prices.html?.v=15

Oil Prices Fall Below $72 a Barrel on Weakening U.S. Demand; Domestic Gas Inventories Down ... http://biz.yahoo.com/ap/060427/oil_prices.html?.v=6

thank god

Oil Prices Fall for Fourth Consecutive Day, Dropping Below $71 a Barrel ... http://biz.yahoo.com/ap/060427/oil_prices.html?.v=20

Oil Industry Unapologetic As Profits Soar; Motorists Fume, Congress Squirms  ... http://biz.yahoo.com/ap/060429/earns_oil.html?.v=5 ... what a pack of friggin dicks... i mean go ahead, make money... but gouging and price colaberation is just rediclous

Oil Prices Rise Above $73 on Iran Concerns ... http://biz.yahoo.com/ap/060501/oil_prices.html?.v=18

Crude Futures Steady Under $74 a Barrel Amid Lingering Tension Over Iran ... http://biz.yahoo.com/ap/060502/oil_prices.html?.v=5

Oil Prices Settle Below $70 a Barrel As Traders Focus on U.S. Data Showing Rise in Gas Supplies ... http://biz.yahoo.com/ap/060504/oil_prices.html?.v=18

Thank god... not that its going to probally be reflected in the price of gas

Oil Prices Steady Near $70 After Steep Decline in Previous Session ... http://biz.yahoo.com/ap/060505/oil_prices.html?.v=12

By Mike Whitney

05/07/06 "ICH" -- -- If one day the world's largest oil producers demanded euros for their barrels, "it would be the financial equivalent of a nuclear strike.” Bill O'Grady, A.G. Edwards commodities analyst

“Everybody knows the real reason for American belligerence is not the Iranian nuclear program, but the decision to launch an oil bourse where oil will be traded in euros instead of US dollars….The oil market will break the dominance of the dollar and lead to a decline of global American hegemony.” Igor Panarin, Russian political scientist

Overnight the story of Iran’s proposed oil bourse has slipped into the mainstream press exposing the real reasons behind Washington’s ongoing hostility towards Tehran. Up to this point, analysts have brushed aside the importance of the upcoming oil-exchange as a Leftist-Internet conspiracy theory unworthy of further consideration. Now, the Associated Press has clarified the issue showing that an Iran oil bourse “could lead central bankers around the world to convert some of their dollar reserves into euros, possibly causing a decline in the dollar’s value”.

Currently, the world is drowning in dollars, even a small movement could trigger a massive recession in the United States. There’s nothing remotely “conspiratorial” about this. It is simply a matter of supply and demand. If the oil bourse creates less demand for the dollar, the value of the dollar will sink accordingly; pushing energy, housing, food and other prices higher.

Oil has been linked to the dollar since the 1970s when OPEC agreed to denominate it exclusively in dollars. This provided the US a virtual monopoly which has allowed it to run huge account deficits without fear of crippling interest rate hikes. As Bill O’ Grady of A.G.Edwards said, “If OPEC decided they didn’t want dollars anymore, it would be the end of American hegemony by signaling the end to the dollar as the sole reserve currency.”

“If the dollar lost its status as the world’s reserve currency, that would force the United States to fund it massive account deficit by running a trade surplus, which would increase inflationary pressures.” (Associated Press)

President Hugo Chavez Says Venezuela Will Impose New Oil Extraction Tax on Foreign Companies ... http://biz.yahoo.com/ap/060507/venezuela_oil_tax.html?.v=6