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Germany Blames US for Soaring Oil Prices
Zaman.com ^
| 9/1/2005
| Staff Writers
Posted on 09/01/2005 3:08:36 PM PDT by ex-Texan
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The U.S. government does not own the oil refineries. The oil companies do. Our government cannot dictate to companies and force them to make huge capital investments. But, I agree that oil companies should have expanded refinery capacity ten years ago. I also agree that hedge funds are making a huge profits by speculating on oil prices. Anybody with lots of money can speculate on commodities like oil, coffee and corn. Perhaps somebody ought to be looking into what is driving oil prices so high.
Read More? If oil hits $ 85 by December it may mean $ 4.50 for gasoline and diesel at the pump. Multiply that through the economy because high fuel prices will translate into more expensive goods on the shelves. People may start to get upset when the cheaper loaves of bread cost $ 3.50.
1
posted on
09/01/2005 3:08:39 PM PDT
by
ex-Texan
To: ex-Texan
Hey they already blamed Bush for the hurricane, global warming, etc.
Ignoring the little fact that over geologic time the Earth has cooled and heated up many times...but, hey, when have the Germans let the facts get in the way..
2
posted on
09/01/2005 3:10:11 PM PDT
by
in hoc signo vinces
("Houston, TX...a waiting quagmire for jihadis.")
To: ex-Texan
The Germans ceased to be relevant 65 years ago.
3
posted on
09/01/2005 3:10:36 PM PDT
by
RockinRight
(What part of ILLEGAL immigration do they not understand?)
To: ex-Texan
The US is partly responsible for the high oil prices as it has not expanded its refinery capacity for a long time, Tell us something we don't know, Sigfried.
4
posted on
09/01/2005 3:10:41 PM PDT
by
atomicpossum
(Replies should be as pedantic as possible. I love that so much.)
To: ex-Texan
The concept was we need more refineries, I agree.
5
posted on
09/01/2005 3:10:58 PM PDT
by
A CA Guy
(God Bless America, God bless and keep safe our fighting men and women.)
To: ex-Texan
How is it the administrations policy about refineries? Where does this puke get his information.
6
posted on
09/01/2005 3:11:13 PM PDT
by
satchmodog9
(Murder and weather are our only news)
To: ex-Texan
The US is partly responsible for the high oil prices as it has not expanded its refinery capacity for a long time, said German Economy Minister Wolfgang Clement in a statement to German radio. Democrats' inaction and catering to special environmental interests has started America sliding towards 3rd world status.
Maybe now Americans will wake up and just say no to Democrat stonewalling energy independence.
To: atomicpossum
We haven't been able to trust the Germans since they bombed Pearl Harbor.
8
posted on
09/01/2005 3:12:57 PM PDT
by
VegasVic
To: ex-Texan
Build refineries, don't emit C02, no war with out UN approval, help us in Bosnia, etc, etc.
Do these people realize they are making enemies with the most powerful nation on Earth?
Keep funding Russia's emerging fascism, guys.
9
posted on
09/01/2005 3:13:21 PM PDT
by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: ex-Texan
memo to germany: if you had an economy, you might use some oil too.
To: ex-Texan
To: ex-Texan
"Germany has accuses the US and "hedge" funds"
OH PUT A F'ING SOCK ON IT!! ughhhhh, I'm so sick of those bastards kicking us when we're down!
To: ex-Texan
Why did the United States government construct a bunch of huge oil storage depots with no method of refining the stored product? Why didn't they construct some refineries to go along with these depots? If the private sector didn't want to build them for one reasons or another, so what? If the federal government doesn't belong in the refinery business, then why do they belong in the fuel depot business? Looks like another case of government incompetence to me. Perhaps the Germans have a point.
13
posted on
09/01/2005 3:16:01 PM PDT
by
HuronMan
To: ex-Texan
Blaming speculators is nonsense. Commodities can be very volatile. When something happens to disrupt production prices go up. We may as well blame economics. Was the rise to 70 speculation? Maybe. If so, oil prices will come down hard and we will have relatively cheaper prices. I just don't get why government leaders are so willing to use to slander "price gouging" on oil producers but not say clothing manufacturers, or Californian produce growers.
To: Extremely Extreme Extremist
What is the countdown til Herr Schroeder and his Socialist ilk are run out of town.
15
posted on
09/01/2005 3:16:44 PM PDT
by
Rosemont
To: ex-Texan
Scroeder will take a dive in the election in a few weeks so why not desparately spew crap to the hate America crowd? A vote for Schroeder is a vote against Bush and the US.
To: ex-Texan
Sprechen Sie China?
To: ex-Texan
I think we better keep an eye on Germany. Some of the lunacy coming out of there sounds familiar. Next the Japanese will start blaming us for stuff.
18
posted on
09/01/2005 3:20:27 PM PDT
by
BallyBill
(MSNBC: the MST3K of cable news.)
To: VegasVic
We haven't been able to trust the Germans since they bombed Pearl Harbor. You're on a roll.
19
posted on
09/01/2005 3:22:02 PM PDT
by
atomicpossum
(Replies should be as pedantic as possible. I love that so much.)
To: VegasVic
20
posted on
09/01/2005 3:24:16 PM PDT
by
asp1
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