I put Middle Earth Journal in hiatus in May of 2008 and moved to Newshoggers.
I temporarily reopened Middle Earth Journal when Newshoggers shut it's doors but I was invited to Participate at The Moderate Voice so Middle Earth Journal is once again in hiatus.

Wednesday, August 10, 2005

Get ready to hitch up your Hummer

That's right, you may have a use for those draft horses you got at that garage barn sale.

Oil surges to record $65 a barrel
NEW YORK (Reuters) - Oil prices surged nearly two dollars on Wednesday after a U.S. government report rekindled fears that resilient demand from summer drivers and a spate of refinery outages could trigger a gasoline supply crunch.

The gains came against the backdrop of rising tensions in the Middle East after the United States temporarily closed its diplomatic missions in Saudi Arabia this week due to the threat of attacks by militants.

U.S. light sweet crude futures soared $1.93 to hit $65.00 a barrel, the highest on record, before settling at $64.90. London Brent jumped $2.08 to new peak of $64.06 a barrel, before settling at $63.99.
And don't forget, we are one terrorist attack on the Saudi oil fields away from rationed $6.00 a gallon gasoline.

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