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Lotharr
06-09-2008, 10:04 AM
THOUGHT FOR THE DAY

OPEC sells oil for $136.00 per barrel.

OPEC nations buy U.S. grain at $7.00 per bushel.

Solution: Sell grain for $7 per bushel, with a $129 per bushel fuel surcharge.

Can’t buy it? Tough…Eat your oil!

:D

*XxDADxX*
06-11-2008, 04:14 PM
Here is a fine example of our democrats at work screwing everyone. They just shot down a move by republicans to have more drilling off our shores.

http://www.foxnews.com/story/0,2933,365627,00.html

Lotharr
06-11-2008, 06:03 PM
I'm sort of on the fence about this.

I agree we need to use all our resources to our advantage, but I also think we really need to be investing in the development of alternative technologies - ones that hopefully will result in more manufacturing here. I have no idea what that might be - but I'd like to see the US be in a position to leverage some competitive advantage AND get off oil.

I also worry because additional supply (of oil) doesn't always mean prices will drop. I would think that there could be a small temporary drop, followed by a spike as demand goes back up. ("Oh boy! There's more gas! Let's do that cross-country trip in the RV now!")

Maybe I'm too cynical about drilling for our own oil... but I just think back to how we were told in grade school that there was only about 30 years of oil left... and now (around 30 years later) we're still saying the same damn thing - only gas prices are over $4 per gallon.

(BTW - in Germany gas is over $8.60 / gallon... I read about that here (http://worldblog.msnbc.msn.com/archive/2008/03/18/781155.aspx)). :eek:

andyofne
06-11-2008, 09:07 PM
There is NOTHING that has happened in the world in the last year that has caused oil to cost $140 a barrel. Nothing.

Saudi Arabia has even said that there is no problem meeting demand. There is no supply shortage.

Every time some Nigerian farted, it went up $10. Every time something happened in Russia, it went up $10.

Now it goes up $10, 20, 30 and there is no reason other than "increase demand in China and India".

These reasons suddenly appeared when problems in Russia and Nigeria lessened and our own problems with refineries and such were resolved.

Lotharr
06-11-2008, 11:46 PM
Here's one reason for this whole mess... (http://www.washingtonpost.com/wp-dyn/content/article/2008/05/29/AR2008052903627.html)

...and this (http://www.businessweek.com/magazine/content/05_29/b3943080.htm)

This oil trading is the kind of shit that gives Capitalism a bad name... and fuels arguments for people who support tighter government regulation. It's just as unethical as the greed that led to the sub-prime crash.

When I think "Capitalism," I think of the "rising tide lifting all boats..." not a few powerful elites fleecing the rest of us through their manipulation of the system.

*XxDADxX*
06-14-2008, 11:55 AM
I can’t believe what our President had to do to protect the oil companies from legal harassment from democrat assholes in congress and nut job environmentalists while exploring for oil. The polar bear endangerment act was nothing but a political stunt to block oil exploration. These are the democrats elected into office that are holding the Americans hostage. This is the kind of news that needs to be on CNN, ABC & CBS. This would surly sink the democratic party of all folks knew the real truth why the American people are getting screwed by high gas prices.

http://www.foxnews.com/story/0,2933,367015,00.html

hoser
06-15-2008, 10:20 PM
U.S. Food Reserves Tapped Out (http://cryptogon.com/?p=2716)