My tires are properly inflated, problem solved.
All I can say to that is drill, drill, drill!
Ok Nancy, save the world, drill.
Will CNN report that this is good news?
Only way to avoid a supply crisis is to increase supply.
Drill Here! Drill Now!
SanFranNan? You listening? Libtard DhimmiRat...
“Supply Gap Could Mean Oil Hits $200 a Barrel “
This is actually news that Obama and company love to hear.
We have stunning amounts of oil. Just drill for it.
We have so much oil that we could control the price. Think about oil at reasonable prices and a corresponding boom in the world economy.
Hedge funds are bailing right now because the bubble has burst, as I (ahem) predicted three months ago. It was never a speculative frenzy in the purest sense, although speculation was certainly part of it. The oil bubble of the spring and summer resulted from (1) rapidly escalating demand at a time when (2) the US dollar was being allowed to dramatically weaken, and (3) when there was absolutely no possibility (perceived) of the US allowing more exploration or refinery development. All three of those conditions have now changed, and the smart money has switched sides.
What is it with these guys? As long as there are potential alternatives there is an upward limit. If history repeats itself, and there’s no reason it won’t, we’re looking at two years of falling demand for gasoline in this country.
As far as India and China, if American consumers are cutting back on buying, they’re not making as much and they’re not going to be spiking demand like the experts claim.
Along with that throw in a bunch of coal to oil conversion plants, albeit small output currently; continued massive development of Canadian oil sands and the very real possibility of adding upwards of twenty new nuclear power plants within the next ten years and I don’t think oil prices are going to the moon. We’ll see another spike after Israel hammers Iran But the end of the summer driving season is coming up fast and that will knock prices down.
Note the 7-8-08 Date on the story. A month later the Bubble has burst.
These guys are always, always, wrong.
“Qualcomm is going to hit $1000 a share.”