Out with the usual nimrods who will try to convince us that speculators driving up the price of oil, wheat, corn, etc is actually GOOD for the average person living from paycheck to paycheck.
I should’ve waited until today to buy...I put a small bit of $$ in the market two days ago.
Oh well.
If it were a SEA OF OIL wouldn’t oil prices go DOWN?
;-)
In 2002, Vice President Cheney puit together a good energy bill. Obviously, it wasn’t perfect but it was a start at making ourselves more energy independant. But, Congress rejoiced in defeating that bill. Now, the American people are going to pay the price for Congress’ incestual relationship with the Environmental Lobby.
One more thing, if $150.00 per barrel oil isn’t enough for the Congress to authorize more drilling then I wonder what price it will take to get their attention...and then, at that point, how bad will our economy be?
do you think this is intentional on the part of congress?
The market has been drowning in oil for months; the difference today is the Obama factor. For sure!
It’s the end of the world and only socialism can save us.
Capitulate, peasants! Your government demands it!
$150/b oil is a self-fulfilling prophesy now.
The minus three hundred point drop today is fairly easy to understand. The two hundred point run up yesterday has to be the head scratcher.
>> Out with the usual nimrods who will try to convince us that speculators driving up the price of oil, wheat, corn, etc is actually GOOD for the average person living from paycheck to paycheck.
Well, for better or worse I guess I’m one of those nimrods who believes that speculation IS a significant factor in commodity prices these days.
Time will tell... time not necessarily measured in days.
http://www.foxbusiness.com/story/markets/oil-data-swallows-market-open/
Are the Hunt brothers back? It looks like somebody is in there. The past two weeks showed a slow decline, absolutely normal. When it looked like crude was going to go under $120… WHAM Biggest increase in recent history.
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
It's a lot of fun to thumb my nose at $4.90 Diesel.
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?
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.
So here's my modest proposal: Bomb Saudi Arabia. This will immediately solve the problem of our reliance on Saudi oil, and the resulting energy shortage will guarantee that we develop our own vast supply of oil shale, tar sands, coal-to-liquids, etc. And more immediately, start producing the 85% of our continental shelf oil now off limits due to environmental concerns.
...”sea of oil?” Ha, ha, ha! It’s wishful thinking economics.
Drill and build factories in the liberal, commie-hiring, rich folks’ back yards. Then you’ll have enough oil and jobs close to home. Until then, enjoy your suffering.
No-vote!