DISQUS

AMERICAblog: Oil surges to $139.89

  • Bostonian_Queer_in_Dallas · 1 year ago
    Peak oil? Ahem....well I guess we can all plant gardens and buy bikes this summer. The American love fest with the automobile is coming to an end. I am so happy our government put some effort into electric cars, and other alternatives to getting around. Good thing Bush invested so much in fuels other than oil.
  • Rob Mule · 1 year ago
    And Iowa appears to be the other Katrina while Bush fumble foots his way across Europe...Anyone noticed the presidential seal guitar yet?
  • dad · 1 year ago
    at or past
  • heathwood · 1 year ago
    The AP review of compensation for the heads of companies in the Standard & Poor's 500 index finds the median pay package added up to nearly $8.4 million. That's a comfortable gain of about $280,000 from 2006.
  • jr · 1 year ago
    "0.0 percent inflation"-Bernanke's report for june
  • KerrynowCampau · 1 year ago
    As painful as it is going to be, this needs to happen to get us off oil.

    We sure weren't going to do it voluntarily.
  • lynchie · 1 year ago
    Has anyone thought about the price of oil if we attack Iran. I filled up my car on the weekend and it cost $89.00. If we attack Iran i would guess double that for a fill up.
    We are $10 trillion in debt and growing. We are in a war we can't win, we have record unemployment, record profits for companies, 45 million not covered for healthcare, homes are worth 25%less, record personal bankruptcies, college grads who are competing for jobs at McDonald's, cost of electricty climbing, home heating, though a distant problem, looming as impossible, New Orleans still not dealt with, floods in Iowa and no one in government is addressing, infrastructure, roads and bridges, decades behind in maintenance, thousands of returning troops with PTSD and without help, 4500 dead men and women, where do i stop.

    Yet we have a President who is fixated on attacking another country that has made no aggressive move against us. The domestic issues that he felt he was in command of when he campaigned totally ignored for 7 years and foreign relations in a total shambles.

    We have the MSM spending the weekend yakking about Russert who enabled, used his position to sell the war, sell the lack of focus, sell McCain and we have to listen to his eulogy non stop. Please people we need to encourage everyone to vote out the incompetent representatives in Washington. According to everything I read the richest 1% can be controlled by voting in representatives of all Americans. If they won't do the job then we need to throw all current elected officials from local, city, county, state and federal into the trash and start over. The system we have is broken, unfixable and we need to take back our country. No incumbents returned to Washington would be a good start.
  • ZennButtKicker (tlhwraith) · 1 year ago
    A lot of the problem of the price of oil now has little to do with supply problems, its basically that speculators and commodity brokers (who actually set the price for oil) are skittish about the continued saber rattling in Iran and the Middle East. We are ssing headlines now about the Saudis increasing production, IMO, because its the only tool they have to try to get the prices to a level where their "customers" don't seriously start looking for alternative fuels. If the Saudis can make it look like they are increasing the overall supply in the pipeline, I think the desired affect is to allay the fears of the markets. Think about it this way, if you do a little research on the current "state" of the pipeline from pump->to refinery->to gas station, there really are no stories of refineries not having enough fuel to supply demand. In fact, there have been a lot of stories lately of demand actually decreasing because of the cost. What does that tell you? To me, it says there's plenty of oil being pumped out the groun, but the markets are reacting out of fear and the Saudis are trying to calm the scared little brokers. And through all of this, the average consumer are the ones getting hosed.
  • Rob Mule · 1 year ago
    If a certain war jonesing someone could go out a hero...
    As some said "Only Nixon could go to China" and maybe "Only Bush could bomb Riyadh"...
  • Andrew · 1 year ago
    You have to believe that after the unveiling of a water powered car in Japan this weekend, that it might give oil producers something to think about.

    http://www.engadget.com/2008/06/13/genepax-show...
    Funny, but in America when there was a problem that needed fixing, we inventive Americans went all out to find a solution. We invented the transistor and gave it to the Japanese and they ran with it. Now, they have come up with a water powered car. Doesn't look like much, but the body shape and appearence can always be changed. Did you ever wonder just who, or what entity keeps stifling technology that can make our lives a lot better? Could it just be what Eisenhower warned us about in 1960? That being the military/industrial complex
  • Hangtown Danile · 1 year ago
    When it gets to 175.00$ its time to sell.