DISQUS

AMERICAblog: Oil does it again, closes at new record high

  • davespicer · 1 year ago
    Been saving on gas by slowing down a little - no pandering required! Both our vehicles like 60 as a max speed.

    Maybe "6Obama" would never catch on as a bumper sticker, but it's a way to save some money and enhance national security too..
  • mf_roe · 1 year ago
    Saw an article the other day with an Exxon-Mobil exec explaing the current cost of oil this way
    1 $50-$55 a barrell is true supply demand component
    2 The shrinking dollar having lost 45% against the Euro in the past year
    3 The "Risk" factor of the oil region and all of the unrest created there
    4 The actions of the market speculators, who have plenty of incentive to
    drive the price as high as possible.

    Ask yourself which of these factors are likely to start breaking our way anytime soon.
  • chowderSF · 1 year ago
    I saw today that when Bush took office, oil was 33 dollars a barrel. I would say he did what he was put in office to do, and that is make a lot of money for his pals in the oil business. Sick.
  • FunMe · 1 year ago
    I work 2 miles from work - this week I start BICYCLING to work
  • Bush_Bites · 1 year ago
    I mostly use buses and the subway.

    But the cabs have started adding a $1 surcharge because of gas prices.
  • donotmakemecomedownthere · 1 year ago
    There's no reason to believe that it won't be $145 per barrel by the end of next week.

    THAT's the problem.
  • LeslieB · 1 year ago
    If Scott Ritter is right and the Bushies are planning to launch air strikes against Iran soon, then expect oil to go much higher. Not to mention all the dead bodies, WWIII, etc.
  • bumpkis · 1 year ago
    Ignore the site source, the article is very informative...

    http://www.rense.com/general81/pure.htm

    What the Senate committee staff documented in the report was a gaping loophole in US Government regulation of oil derivatives trading so huge a herd of elephants could walk through it. That seems precisely what they have been doing in ramping oil prices through the roof in recent months.
  • unrepentant_expat · 1 year ago
    I'm beginning to feel like a frog with a firecracker up his butt.
  • unrepentant_expat · 1 year ago
    But it was impossible to save the Great Republic. She was rotten to the heart. Lust of conquest had long ago done its work; trampling upon the helpless abroad had taught her, by a natural process, to endure with apathy the like at home; multitudes who had applauded the crushing of other people's liberties, lived to suffer for their mistake in their own persons. The government was irrevocably in the hands of the prodigiously rich and their hangers-on; the suffrage was become a mere machine, which they used as they chose. There was no principle but commercialism, no patriotism but of the pocket.

    — Mark Twain
  • bumpkis · 1 year ago
    IMO...they know what the problem is with rising oil prices, and they KNOW how to fix it. They just can't get past all that money the oil lobby throws at them...and that is exactly why they all need to be replaced.....lip service, and that is ALL we are going to get under this present form of government.
  • mf_roe · 1 year ago
    Having forged the shackles for the slaves why should the Over Lords cast them away? The only hope at this point is that China decides to lean on oil prices, she has the weight and the monetary reserves to command market attention.
  • interlude · 1 year ago
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  • KerrynowCampau · 1 year ago
    "tree hugging goofballs who want to drive silly little cars."


    Yep, I have been hearing that since the early 90's