Energy futures up. Oh Boy!

Nothing illustrates the divide between everday Americans and the corporate world so beloved by BushCorp™ Republicans as the business page articles hailing the health of energy prices:

Energy futures up after data
By Lisa Sanders, MarketWatch
Last Update: 4:09 PM ET April 20, 2005

DALLAS (MarketWatch) - Crude and its products added to gains Wednesday on the New York Mercantile Exchange after the Energy Department and the American Petroleum Institute reported an unexpected drop in U.S. crude and gasoline supplies.

May crude was last up 11 cents, or 0.4%, at $52.40 per barrel after trading as high as $53.10; June crude, which becomes the front contract on Thursday, gained 0.4%, or 18 cents, to $53.85 per barrel; May gasoline were flat at cents to $1.57 per gallon, having earlier touched a high of $1.5950; and May heating oil was up 0.1 cent at $1.50 per gallon.

Woohoo energy futures are up! I made a bundle on the futures exchange. Tough luck for the poor suckers who'll have to cut back on food to pay for their heating oil and enough gas to drive to their minimum wage jobs. What can I say? Stuff happens.

So. If you ever wonder why the Prez and his Wallstreet buds are so bullish on the economy while you're scraping the sofa cushions for enough change for Taco Tuesday, this is why. The megacorps are happy when oil prices go up, just more money in their pockets.