Posted on 07/14/2008 7:18:47 AM PDT by Fox_Mulder77
The global market knows that Congress must do there part also. If Congress does nothing and we get an Obama on top of it, the futures price of oil of $140 a barrel all the way out to 2016 becomes a reality. The world has counted on our government staying selfish for a good long time it appears.
Should be an interesting power play, no?
Yeah, love paying that $4.25 a gallon for heating oil up here in the Northeast. And any of us with a shred of economic brain knows why Clinton went from $2 M in net worth to $100 M in less then eight years...
This puts the spotlight on Congress, which seems to think drilling is a waste of time. Our Congressmorons should look at the very low gasoline prices in the major oil exporting countries. Then just maybe they would understand that domestic production lowers domestic prices in the long run.
Actually, her face looks like it caught on fire and the fireman beat the flames out with an ax.
Since Congress still has a ban in place, it's not going to have that much of an impact on pricing yet. What happens in Congress will.
Exactly. Most people probably couldn’t even name 3 people in the House and 3 in the Senate, and have practically no concept of how Congress is more influential than the President when it comes to the economy. To most people, the President = the federal government, and you can be damn sure that people know who the President is and what party he belongs to. The dem Congress will do nothing because they know that most of the sheeple will place the blame on the party that holds the presidency, the republicans.
His father, who originally signed the ban, had them.
I don’t disagree with anything you just said. There are two parts that requires heavy lifting from We the People:
1) Political
2) Physical build out of added supply/alternatives particularly plug-in electric cars and nuclear/drilling etc.
When part one happens it will hundreds of thousands of sustainable jobs and begin popping the commodities bubble (or our deflating economy will do that eventually but this means a far worse economy). Until then, you are correct the American consumer will continue bleeding. I am not happy about it, just stating facts. I live in the Northeast. Think I am happy with my $800 oil bill in the middle of summer!?! This winter it will double, more then my mortgage and grocery bill combined between November and March! I can get firewood next to nothing and will heat the pipes with electric. Convenience is not worth $1,000 a month or so...
September 11
“under Pelosi’s control, gas has risen from $2.56 to $4/gallon”
Didn’t she promise that gas prices would go lower during her campaign?
Some loopholes Congress can close, others reinstate like Glaess-Steagal. Adding supply to the global market will lower futures prices but the world wagers against our government having common sense in the short and mid-term, that is the real issue at work. And money goes to where it is safest and that right now is commodities further exacerbating the economic woes.
What a GREAT point! But then what is our government going to do without the $20 B a year in gasoline taxes? They might have to cut spending!
A local democrat party office here in Maine has two bumper stickers on one of their windows.....
WHEN BUSH TOOK OFFICE, GAS WAS $1.46 PER GALLON
and
GOP - GRAND OIL PARTY (With an elephant; it’s trunk looks like an oil pump)
Moonbat headquarters.
That’s exactly what I’m saying. The dem Congress knows this all too well and is using it to their full advantage. They can do as horrible a job as is humanly possible (and they are) secure in the knowledge that most Americans are completely braindead when it comes to their own government and will blame the party of the president for their actions. It is in their best interests to prevent efforts to lower gas prices and fix the economy because it would only make republicans look good since the president is a republican.
The old saying that a nation gets the government it deserves is absolutely true. This nation deserves to fall apart at the seams because it’s people are too stupid, ignorant and/or self centered to even give a damn about the government. I don’t say this lightly either since just about every member of my family would fit into that category.
she sure did
Good article which gave me a better overall view of the components at work. Thank you!
LOL! We must have talked to the same guy. I called and will encourage all my contacts to call also.
“*****Time to unplug from the Middle East.*****
This would be ideal. But, didn’t oil companies in the U.S. stop drilling years ago because they couldn’t compete with Mid. East? So they had to stop drilling because it cost too much.
If we now drill successfully, can’t you see the Mid. East oil companies doing the same thing again, lower the price of a barrel, and again force U.S. to close down?
I’m not an economist—just thinking!!!”
I’m not an economist either, just a grandmother who is very worried about what my children and grandchildren will be forced to pay for gas in a few years if we don’t start drilling now.
Back when the oil companies couldn’t compete with the Arabs, there weren’t millions and millions of Chinese buying cars—they were riding bicycles, jamming the streets of Beijing. Now they are jamming the same streets with automobiles! And they don’t want those little 2-seaters, they want bigger cars! It’s estimated that by 2025, I believe, that the Chinese will require ALL of the oil pumped in the mideast. That doesn’t even take into consideration India!
The demand for oil has just exploded and won’t be diminishing in the near future. The increased cost of oil now makes it profitable to drill for oil in oil shale, which is very expensive, from what I understand.
That’s the little bit I know.
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