Stocks decline after retail sales report, oil spikes

[LICKING COUNTY FAN]

Once again oil is the common denominator in problem.

Wall Street pulled back Tuesday after a report on retail sales and comments from Federal Reserve Chairman Ben Bernanke gave investors little incentive to extend the previous session's big advance. Record oil and gas prices added to the selling.


http://biz.yahoo.com/ap/080513/wall_street.html

[2trap_4ever]

I know I will be called alot of bad things, but instead of fighting to make the oil companies give back some of their big profits, why now tell them they can keep the profits if they start drilling for oil right here in America, I mean how many ppl on here would let them drill in their backyards if it brought the gas prices down, I would have to imagine everyone. We need to understand the in our economy and in this world, oil is the root of all money, it's called black gold for a reason.