Oily to bed and oily to rise.
Oil Jumps Back Above $100 on a Texas Refinery Outage and Possible OPEC Production Cut NEW YORK (AP) - 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. It's a continual source of amazement to me that we, as a generally progressive thinking people continue to base our economy and life on such a fragile element as the production of oil. It's the infant child of products. Every little issue affects its production. Storms, spikes in production, limits on resources, holidays, seasons, consumer sentiment ... you name it. Did you notice the word "possible" in that headline? I didn't make it up, that was the actual story headline. They can raise prices based on something that they think might happen. If it doesn't happen, do prices decrease? What do you think? HINT: The answer i...