Posted on 10/10/2008 8:32:55 PM PDT by Schatze
With oil prices plummeting toward $85 a barrel, down almost 40 percent in just a few weeks, U.S. Treasury Secretary Henry Paulson today said, “I may use my new superpowers for good by rescuing OPEC member nations to ensure the free flow of gasoline at fair market prices above $3 per gallon.”
Although the Organization of Petroleum Exporting Countries (OPEC) includes anti-American antagonists like Iran and Venezuela, Mr. Paulson said, the syndicate controls about 40 percent of global oil supply and therefore “they fit the ever-growing category of things too big to fail.”
Mr. Paulson said he would sit down later this afternoon with the Treasury Department checkbook to decide how many billions of dollars each OPEC nation would need, and that he would drop the checks off at the post office on his way home from work.
Just as the stock market went into a free-fall after Congress passed the confidence-boosting financial-sector bailout plan, Mr. Paulson’s remarks about OPEC this morning triggered a global collapse in the price of oil, with a barrel (42 US gallons) of light sweet crude now selling for less than the cost of the barrel itself.
Added “satire” keyword. Fair’s fair... with the general mood tonight, you might cause somebody gullible a heart attack... ;-)
Yeah -- pretty sad, huh?
Good idea to add “satire.” It’s not all that far from believability.
Way too much satire that could be actual news in the last year or so.
Hey don’t give him any ideas.
Many a true word spoken in jest.
The sad thing is that this is not so incredible.
Obviously, OPEC is not popular, so this won’t happen. But if OPEC were an unknown entity to the average American, kind of like ACORN, then this could happen. Liberal Democrats often do things that are profoundly counterproductive, even suicidal, for America, it’s interests, or allies. Moderate Republicans often “me to” on these suicidal tendencies.
Consider ending the surge, supporting ACORN, saying “No” to all significant economically viable sources of additional domestic energy, the government forcing financial institutions to make bad loans in the name of “affordable housing” and ending “red-lining,” releasing terrorists in the United States, socializing financial institutions, we’ve done it all, and are ready to do more.
Our current financial mess is due to government, government sponsored entities (Fannie Mae, Freddie Mac), and community organizers like ACORN. The bailout merely strengthens the hand of those who got us into this mess in the first place.
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