Oil Hits Record High, Hurting Nearly All

Especially seeing that much of the hardware that they would be using came from the US.

 

And how weak our foreign policy is.

We've also given them military training.

But hey, war is an economy, right? I mean someone's gettin' paid. Our tax dollars hard at work.

 

anyone have a plausible plan for driving down oil prices in the long term?


supply side getting tighter, demand side getting larger, more customers less product to go around, a product that is already difficult to extract in the first place and that's chiefly located in the most dangerous places on earth, how do prices not go up higher, as high as the risks dictate and as high as the customers are willing to pay?

 

If your Bush, don't suggest any solution. Just act clueless.

http://s154.photobucket.com/albums/s274/34richard/politics/?action=view&current=dumbhead.flv

.

 

at this rate, we're gonna start seeing a new trend - kids selling their asses down at the quickie mart gas pump in exchange for a fillup.

 

lol

 

I'm reminded of that old school TV detective Columbo for some reason.

 

Under Bush, I don't think it's gonna happen.

Most of the 911 hijackers were Saudi, including bin Laden.
And yet, Bush bombed and invaded Iraq.

Why is that??

Because, The House of Bush and the House of Saud are in bed...

http://www.democracynow.org/2004/3/18/house_of_bush_house_of_saud

http://www.new-enlightenment.com/BushSaud.htm

 

oh yeah? where do you live? are they hookin' for gas or for cash?

gives new meaning to the phrase 'full service'.


hey, maybe we'll see people holding 'will work for gas' signs now.

 

They're now predicting $4/gallon gas nationwide by Memorial Day, $5/gallon by Labor day, and $6/gallon by Thanksgiving.

Where I live, it was still $1.09 as the troops invaded Iraq.

The only good Republican is one who has died.

 

i hear that! if the prices raise that fast alot of us won't be able to get to work. not everyone has an alternative mode of transportation they can use that will fit into their schedule or employers they can work for close enough to where they live that they won't need gas. there's not enough buses running or carpools available to transport all the workers in my area to work. in fact, those services have been cut back in recent years.

 

No worries, I was just pointing out that the blow jobs aren't free when you're getting raped at the pump, but "full service" in it's new meaning would at least make it easier to take, right?

You'll get no argument from me there. Obviously we won't be bombing Saudi Arabia any time soon, and perhaps from the perspective of the world wide community, if anyone should be bombed, it's us. However, we can only hope that the rest of the world doesn't blame us for the actions of our "leaders".

 

Lot of the blame falls on your shoulders,

everytime we get HTH mad enough to do "it" you come in a calm him down

 

...My other point was that maybe bush isn't as dumb as he seems, maybe it's just an act, part of the dumbing down of America, yet I can see how the guy would be clueless, I mean he doesn't pump his own gas, how the hell would he know it's four bucks a gallon, right?

 

its not really that oil is going up, its that the dollar is going down so oil (which is obviously measured in USD) will cost more, oil hasn't really gone up all that much in real dollars

 

From a news article exactly 3 years ago. They predicted prices accurately.


"Today futures for May Brent light crude went over $60 a barrel, an all time record.

There seems no end in sight. Last week Goldman Sachs stated that oil could top $105 a barrel within three years. $60 oil translates into about $2.40 a gallon, $70 oil will be about $2.80 a gallon. $105 oil would be over $4.00 a gallon, and closer to $4.50."

.

 

Not only has Exxon enjoyed record profits, but remember that oil spill, y'know the one that happened nineteen years ago when the Exxon Valdez ran aground in Alaska’s Prince William Sound? That area is still polluted, the livelihoods of native fishermen have been ruined, and while some 33,000 victims were awarded 5 billion dollars in damages back then, Exxon hasn't paid out a penny of it. Meanwhile their lawyers are keeping the system in gridlock, trying to reduce the settlement to zero. Mind you, 5 billion is a drop in the bucket for these guys.

Fucking scumbags!

 

5billion is like 14% of their profits, which would actually cost them alota cash in the long run because they couldn't spend that money on expanding (that 5billion coulda made an infinite amount of money for them in the long run)(that 5b leads to another 10b which leads to another 30b which leads to ect..)

but yeah well they should pay

 

Bomb Saudi Arabia. Hahaha. Do you have any idea how bad things would get if Saudi Arabia stopped pumping oil? Estimate, about $300 a barrel? The Saudis have bailed the US out so many times at the expense of its own well being. Increaed oil production, multi-billion dollar defense contracts, etc... Where would you be if the US wasn't in bed with the Saudis?

 

actually oil supply has remained fairly constant(small rate of growth) even though there is a much larger growth in demand today, they make something like 85$ off each barrel today and are just raking in the cash, why would they increase supply and lower their profits when they can limit supply, ship out less of their resources in doing so, and make more money???