Stocks fall following jump in oil; investors concerns about eco...

NEW YORK: Wall Street extended its losses Wednesday as a rise in oil prices and a profit warning from United Parcel Service Inc.

[Dave]

Stocks will fall more because people are buy less goods and spending more on fuel due to the high cost in oil. Look for layoff even at Wal-Mart if things don't change. This country is head for another stock market crash like in 1929.
As a owner in the trucking business our fuel cost went from under $80,000 to over $240,000 per year on four trucks.

[Bob]

Investors my as............ their the ones that are driving the price up..do your homework.

[JCC]

I thought the Trucker Strike was going to bring the price of fuel down?? Hmmm, I don't understand...

[Truckers Wife]

No orginazation in the strike and little media attention- No reason for gas prices to be what they are - just greed going on here - price is being munipulated by the stock market. Sign the below petition going to the govrnmnt regarding the skyrocketing fuel costs.

http://www.petitiononline.com/jschei12/petiti...

Copy and paste and e-mail to everyone you know!!

[Rally girl]

April 28, 2008 - convoy to Washington DC to protest the insane cost of fuel and everything that impacts. Take oil off of Wall Street! So far, 28 states are involved. I know that the PA group is getting charter busses for those unable to pay the cost of fuel to get there ($20/seat - for information contact [e-mail])

For more information please go to:
www.theamericandriver.com

If you are in the area - next rally in PA
April 19 - 2 p.m. at Gable's, exit 77 off I-81

This cause is for ALL people of the UNITED STATES!

[George N]

Lets look at where the problem is, and that is lack of supply. Lets complain about no refineries being built since the 70s. ANWAR in Alaska off limits for drilling. ANWAR could supply 5% of our needs for 30 years with just the KNOWN reserves there. No drilling off our coasts allowed. Nuclear power, which could ease strain on supplies of gas and oil has been effectively blocked. Coal fired power plants? Forget It!

[Jabarten]

George N wrote:

Lets look at where the problem is, and that is lack of supply. Lets complain about no refineries being built since the 70s. ANWAR in Alaska off limits for drilling. ANWAR could supply 5% of our needs for 30 years with just the KNOWN reserves there. No drilling off our coasts allowed. Nuclear power, which could ease strain on supplies of gas and oil has been effectively blocked. Coal fired power plants? Forget It!

You do realise the dollar has declined in value over 50% over the last 5 years? No environmental regs. did ANYTHING to cause that...Our love affair with imported goods (not just oil!), and massive deficit spending by the "Deficits don't matter" bunch currently occupying the White House caused the dollar to weaken, along with lowering interest rates because the economy has been heading down the toilet.....

You do know that other things cause pricing problems? Do you? You know, economics stuff?

[westside johnny]

George N wrote:

Lets look at where the problem is, and that is lack of supply. Lets complain about no refineries being built since the 70s. ANWAR in Alaska off limits for drilling. ANWAR could supply 5% of our needs for 30 years with just the KNOWN reserves there. No drilling off our coasts allowed. Nuclear power, which could ease strain on supplies of gas and oil has been effectively blocked. Coal fired power plants? Forget It!

wow, george there is not a current supply and demand problem with oil and gas. its a speculation and falling dollar problem. in 2000, 9 billion was spent in oil speculation. last year it was 250 billion. thats what is driving prices up along with a tanking dollar. we have near record supplies in the country right now because people are getting smart about the demand side of the equation. i agree with being more self sufficiant but would the oil companies really want to drive prices down? would you? things are fine for them right now.

[satan666]

My OIL RUNNETH ALL OVER. DESTRUCTION IS MY DOOM