By midday in Europe, light, sweet crude for August delivery rose $2.28 to a record $145.85 a barrel in electronic trading on the New York Mercantile Exchange.
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The latest spike means a barrel of crude has gone up by more than 50 percent since the end of last year, when oil was going for $96 a barrel.
This is making everything more expensive and therefore negatively impacting all of us -- everyone. Terrorists aren't negatively effecting all of us. Neither are tainted tomatoes or Colombian hostage-takers. But I don't hear any outrage from the corporate media over the Wall Street oil speculators who are forcing you and I to pay exponentially more for everything.