DISQUS

tlsintx · 1 year ago

greedy effin pigs.

even my dinky local newspaper had a story today about Obama calling bullshit on the out of kilter speculation that is driving up oil prices...he named Phil Gramm as creator of the 'Enron loophole' that Gramm put in legislation to allow this speculation without regulation...and McCain's campaign says Obama is playing attack politics because Obama know's mcCain has been out in front on this issue... Yeah and Phil Gramm is McCain's economic guru.

OlderAndWiser · 1 year ago

Yes, I was glad to see Obama bring that up. McBush and his campaign corhorts need to be EXPOSED for their corporate shenanigans and how that will lead us to total ruin as a country.

Soundboy_jeff_meanie · 1 year ago

considering that China (the largest growing population of new oil users) has just decided to tax the hell out of gas, to slow consumption...

the thing is, consumption didn't shoot up %50 over the last year... even WITH China's growing usage.

so, speculation is the main reason its going up here. which you can kinda understand in a way... you're an investment manager, you want to make your clients money, you invest HEAVILY in oil futures... and there's no regulations to cap your investment.

you guys remember cabbage patch dolls or beanie babies? cheap garbage from Asia... but everybody had to have them, which drove the prices up.

in THIS case, everyone NEEDS gas (well, people that don't work on a bus route or at home anyway)... they're playing with our livelyhoods when they speculate on oil.

not just for gas either... almost every product or manufacturing process uses oil (plastics, rubber, even foods). so product prices go up to compensate for the price of their parts and transportation.

Wisconsin Liberal · 1 year ago

I can just hear the McCainites "Drill (but not on the coast near me). Also don't put that refinery near me (you mean oil doesn't come up as gas?)"

Soundboy_jeff_meanie · 1 year ago

not to mention... "Drill in the Alaskan wilderness, even though it won't affect prices for the next 20 years."

michaelt · 1 year ago

why are we still using oil?


if an ice cream man became president and suddenly ice cream was 10.00 a gallon wouldn't you be suspicious?

KerrynowCampau · 1 year ago

President Ben and Vice President Jerry

Baskin Robbins can be Secretary of State

What country would ice cream men bomb? I bet they would be after that ice on the mars.

Soundboy_jeff_meanie · 1 year ago

Chris, as I posted OT a couple threads back...

I'm lucky enough to live 15 miles from the Mexican border. Gas is currently around $3.10/gallon.

I'm going to have to make a trip a week... at least. Probably do some shopping while I'm down there as EVERYTHING is cheaper than in the US.

hmm... makes me wonder if chimpy's party is hoping the wall will keep us IN rather than keep people out.

OlderAndWiser · 1 year ago

Come on Chris...you know these "analysts" have an agenda for Big Business. If it's all the fault of OPEC, or China, or who the hell else but the greedheads on Wall St., then why are natural gas prices keeping pace with oil? We get our natural gas domestically, with the exception of LPG, some of which is imported, but most homes are not heated with that, but with natural gas which comes through pipelines all over the country.

And a guy on Bloomberg today said that natural gas prices are expected to go even higher, 20-25% this winter. How are they going to blame that on any other country?

lucky hussein · 1 year ago

The answer might be that gas and oil are global commodities where prices are set on a global level. afaik, It doesn't really matter where it comes from. Demand, hoarding, scheming, speculation, affects global markets, not just the US

OlderAndWiser · 1 year ago

Still, the question remains, why should a domestically produced resource used domestically and not sold in the global market be subjected to global prices?

lucky hussein · 1 year ago

I think gas IS sold in the global market as a future, no? that sets the price even when it's produced and used locally. I think.

OlderAndWiser · 1 year ago

50% of homes in the US are heated with natural gas...but here in the south, we use lots of electricity. Our house is heated with an electric heat pump, and there's a coal fired electric plant 5 miles away. The coal train comes through once a day...and 10 miles away is a nuclear plant.

I really wish we had the money to go solar, but it's gone to about $20,000 for the average house now, to be completely independent of the electric grid.

OlderAndWiser · 1 year ago

Jim Cramer is certifiably insane.

KarenMrsLloydRichards · 1 year ago

Better yet, close the Enron Loophole! And, even better than that, fuck Jeff Skilling right up his Enron Loophole!!

tlsintx · 1 year ago

yeah!
and what a great name for the loophole...everyone will hate it!
Enron...ptoooie.

Õ¿Õ · 1 year ago

It's all fucked up.

Bill W. · 1 year ago

"In fact, the oil industry has yet drilled in just 19 percent of the more than 40 million acres they already can that are not covered by the current ban — 40 million acres that represent 79 percent of America’s technically recoverable offshore oil reserves. Using generous estimates from the latest analysis from Bush’s own Department of Energy, allowing for unlimited drilling both offshore and in ANWR “would lower the price at the pump by less than 6 cents by 2025.”"
http://www.crooksandliars.com/2008/06/23/fox-ne...

jr · 1 year ago

corporate control freaks on the march

Õ¿Õ · 1 year ago

Gasoline was a buck forty when chimpy came in. It's his fucking war and Israel acting like they're going to attack Iran. Go ahead. Let Iran respond to your sorry warmonerging asses as they have every goddamn right.

OlderAndWiser · 1 year ago

I must confess...I always thought "Soylent Green" was a cautionary tale...even if Charleton Heston was in it. : )

Remember the strawberry jam? Something only the rich were entitled to...

Õ¿Õ · 1 year ago

At least there's more hot guys on motorcycles which I never get tired of. I need to get me a motorcycle.

lilybart · 1 year ago

What, their profits are not BIG enough yet?

BTW: I happened to see an article about the rigs you need to drill in the ocean. There aren't very many in the world and Brazil has leased 80%of them. This "just say drill and we have cheap gas" meme is just plain wrong.

Õ¿Õ · 1 year ago

I've read a study that the human species can be totally self-sustaining but only if it recycles people and everything below that. But that's a gross idea. A friend of mine, who lives in Arizona recycles everything even his own waste. Total hardcore. I just recycle vegetable organics and feed table scraps to the stray cats outside at work. There's one that appeared at work that I had never seen before the other night. Really sweet. Usually they're very afraid and dart off but she was really talking and came almost close enough to pet. So I went and got a can of sardines I keep for a vagrant who walks around there and brought it back to feed her but she was gone. So I threw it in the dumpster where she could find it. I've tried giving this guy fruits and other stuff but he doesn't want that. Just vienna sausages or sardines. And cigarettes. If you give him filtered cigarettes, he takes off the filtered end before he smokes it.

lucky hussein · 1 year ago

do yourself a favor - get the stray cats neutered now- there are always groups in the area that will trap/spay/neuter them for free.

Õ¿Õ · 1 year ago

That's not practicle. I was going to break down and take that one home and I was thinking, aww man, I don't need a cat, but I really like that one. She's really small and dark brown with big blue eyes. I don't know where they come from. I work right off the interestate highway and I think they come from a rest area there not far away. People are traveling, stop there to refresh some, open the car door and the cat springs out and they can't get it back or something so eventually they have to leave. That's the only possible answer.

Õ¿Õ · 1 year ago

I'll probably end up getting her because she is totally outta her element and wont last long. The other cats are rangey and street smart but not her. Total goofy to it all.

Sugapea · 1 year ago

Obama should make a BIG-DEAL out of this...
So that all of America knows how some republicans are thinking!