Posted on 06/06/2008 12:09:55 PM PDT by Blood of Tyrants
Hard as it is to believe, there is an upside to all of this. This will kill the Warner-Liberman disaster. Also, unlike in times past, I’m not hearing any talk from our usual-suspect politicians about a gas tax. The oil market will eventually correct itself (driven by a political correction that has to occur first, unfortunately) but Warner-Liberman and further energy taxes are forever.
the Dow dives 300 points every few weeks....it’s still over 12,000, give me a break, a few years ago it was 5,000
I’ve said before that the dollar definitely plays a part in oil prices, but it’s in no way the whole picture.
At this point, it is demand and speculation more than anything...although there have been days where the dollar fell and oil fell too and vice versa...
It's a lot of fun to thumb my nose at $4.90 Diesel.
Profit taking. Profit for a few at the expense of the many.
Bush said it: We must wean ourselves from our addiction!
There was a pretty good surge yesterday, so you should even out.
The “dollar fell against the Euro” B.S. is from Bloomburg.com, the “experts.”
http://www.bloomberg.com/apps/news?pid=20602099&sid=atCs2KqsMYn4&refer=energy
I am getting a bit tired of hearing from the “experts” and it is about time the jerkoffs in DC drop the enviro insanity and open everything up for exploration and drilling, coal mining, nukes, whatever.
Or is our almighty “government” not as smart as the Brazilians?
Somebody was complaining the other day that Cheney hadn't done anything during Pres. Bush's term. I just shook my head.
No. If it's a panic it won't last. If it's not a panic we are in for 25 years of pain.
Time will tell... time not necessarily measured in days.
Speculators may, indeed be driving up the market at a faster rate than the fundamentals...but the fundamentals (supply/demand) are trending in the same direction. The problem with the situation is that in a classic bubble, overspeculation eventually does lead to a huge drop in price...without anything to prop it up. However, in this case, oil producers (mostly OPEC) have the ability to adjust production to re-float the price of oil. So the rising oil prices might not be a classic "bubble".
WERD...I hope all those speculators throw themselves out of windows when the oil bubble bursts.
Why am I flashing to Pickett's Charge?
Now that the Congress of the United States is on record for opposing increasing supply, there’s not to drive the price down is there?
>> So the rising oil prices might not be a classic “bubble”.
So, “It’s different this time”? :-)
They need to wean themselves as well.
sw
The economic war on the U.S. continues by a lot of states that do not like us. The dems could not see this with a searchlight and binoculars. We need a get out of foreign oil initiative that will dwarf the space program. Who? When?
Guess it was a good idea go with my hunch to fill all the way up this morning instead of my usual half tank.
Where are the RNC or McCain ads hanging this albatross around the Demos necks!!! Oopps.. I forget we have McCain and other RINOs like Sen Martinez from FL who won’t allow drilling to.
It’s even worse now.
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