Light Crude Oil (CL, NYMEX)
Daily Commodity Futures Price Chart: July, 2007
chart courtesy of TFC Commodity Charts
Crude closed at $68.86 (August 2007) today — down 68 cents — and the new futures contract starts tomorrow.
Since I have been ranting today — I remain firmly convinced that:
– Energy is not only a matter of economics, but a matter of National Security;
– Subsidies for Oil and Ethanol need to be replaced with subsidies for Solar;
– CAFE standards need to be raised;
– Expedited processing for Nuclear Power plant permits should be issued
I own a V8 (automatic), a straight 6 (6 speed), and a 4 cylinder (5 speed) — so I am the last person to preach we all need to shift to Vespas and biofuels. But its pretty apparent to even a gas hog like me that we need to do something other than send billions of dollars to terrorist nations each and every single month.
Source: Pat Oliphant via Yahoo!