DISQUS

AMERICAblog: Oil tests new high at $112.21

  • ZennButtKicker (tlhwraith) · 1 year ago
    That's OK, I didn't like my car much anyway.

    (as I walk off to the bike story to make a purchase...)

    I say we get a pool going, let's see who can guess where it tops out, I'm thinking about $150.00, but I reserve the right to go for $200.00 if the GOP gets a bug-in-their-bonnet and bombs Iran.
  • tlsintx · 1 year ago
    'no one could've anticipated this'

    except maybe all the big oil boys in closed-door sessions with vice dick setting up this whole fubar-ed deal right from the get-go
  • PeteWa · 1 year ago
    From twenty dollars a gallon to one hundred and twelve dollars a gallon, in less than eight years!

    Heck of an inflation, Bushie.
  • KerrynowCampau · 1 year ago
    "Conservation was for liberals and not macho Republicans"

    I still can not understand that mentality. Someone disdainfully said to me the other day "I bet you bring your own bags to the grocery store."

    Why would anyone think that is a bad thing?
  • CDS2 · 1 year ago
    The GOP does have an energy policy: Open up Anwar. Drill off Cape Cod and in the Gulf. Build new refineries. Build new Nuclear Power Plants. The Dem's are in control of Congress now. What is their energy policy?
  • OlderAndWiser · 1 year ago
    Of course, they knew it was going to get high. Already predicted: $4/gal by Memorial Day. MSM is already reporting lots more people staying home this summer. Hell, who can afford to travel anymore at these prices. And the domino effect will be huge--empty hotels and motels, restaurants, roadside attractions (the only ones being those who ran out of gas...).
  • unrepentant_expat · 1 year ago
    On the bright side, llamas are dirt cheap these days.
  • OlderAndWiser · 1 year ago
    The GOP is the party of empty ideals--and empty wallets and dissatisfaction for the rest of us.

    Get real, CDS. Should people drill holes all over the world just to satisfy SUV owners? Hell no! Learn to lobby for public transportation, electric cars, solar, wind and geothermal energy. If we're going to save the planet, the American lifestyle we've gotten accustomed to has got to be eliminated. It's nothing but overuse and waste anyway, at the expense of sharing with others what few precious resources there are anyway.

    Don't be a selfish. It's a dead end for everyone.
  • CDS2 · 1 year ago
    Older & wiser..

    I totally agree with you. Your suggestions are great. However all of them will take a great deal of time. What do we do in the time it takes to develope them? Also, do you know what the Dem's energy plan is? Are they working toward your suggestions? Have they introduced any bills regarding energy needs and problems? Have they done anything? At least the GOP has a plan.
  • tlsintx · 1 year ago
    the GOP's energy policy is perpetuating the problem at the expense of the planet and all it's inhabitants.

    i want something different.
  • OlderAndWiser · 1 year ago
    CDS, you don't understand--the GOP has NO plans whatsoever except to drive the entire US into bankruptcy. The last 3-1/2 years they have rebutted every attempt by Dems to get things done. You know damn well Bush will not sign any bill crafted by Dems that he doesn't like. (For reference, check earlier posts this am.)

    And yes, if you go on the Dem sites, you will find plans for energy conservation, new technology, etc. But I'm not doing your research for you.

    It's not that the technology will take time, it's already out there in some forms. It's getting people to trash bad habits of wasting energy, demanding what's needed for newer technology and not settling for less.
  • CDS2 · 1 year ago
    Older...

    The reason we don't have an Energy Policy is because the Dem's refused to work with the Republicans during Bush's first 4 years. My feelings are that you don't understand that the Dem's have not brought forth any meaningful programs to solve the problems. What we need is a policy to get us thru the next fifty or so years, the time it will take to make your dreams come true. The only immediate solution is to use our OWN oil until we can generate energy from alternate sources. We've got it, the Dem's won't let us use it.
  • Wisconsin Liberal · 1 year ago
    REAGANOMICS at work, let it go higher, nothing dumber than a poor person backing republican policies.. The dumb shits can't hardly afford to go to wal-mart for their cheep plastic junk the "need" to buy.
  • CDS2 · 1 year ago
    Wisconsin Lib....

    Hey, who are you talking about? I live in Wisconsin, and it's hard to find a place to park in my local Wal Mart. . They are so busy giving our citizens the lowest price on everything from soup to nuts, that parking is a problem. Seems to me that in my part of Wisconsin things a pretty good.
  • Soundboy_jeff_meanie · 1 year ago
    "Dick Cheney talked about the "resilient" US economy only a few months ago but like all of his bold predictions, it missed by a mile."
    ---

    "we will be greeted as liberators"
  • CDS2 · 1 year ago
    Hi Soundboy....

    Haven't talked to you for a while. You know, a 'few months ago', and 'we will be greeted as liberatgors' is yesterday. What do you think we should do tomorrow to solve the energy problem?
  • Bush_Bites · 1 year ago
    I thought oil was supposed to be free after we invaded Iraq?

    WTF?
  • CDS2 · 1 year ago
    Bush....

    Yesterday's news ! What do you think we should do tomorrow?
  • Bush_Bites · 1 year ago
    Hey dog lady.

    You should get together with BusBoy.
  • Soundboy_jeff_meanie · 1 year ago
    CDS2
    Older...

    The reason we don't have an Energy Policy is because the Dem's refused to work with the Republicans during Bush's first 4 years.

    ---

    Funny... I seem to remember a 'closed door' meeting to devise chimpy's energy policy.

    ... they still haven't released details of the meeting, with good reason. some of the people are in jail now.

    nothing like inviting all the heads of big oil and Enron to help make policy... odd, I'd have thought that letting big oil set the standards would pretty much be a conflict of interest.
  • Bush_Bites · 1 year ago
    Iraq was Bush's energy policy.

    Didn't work out too well.
  • OlderAndWiser · 1 year ago
    CDS, funny, we had an energy policy in the 70s with Jimmy Carter, but of course, an incompetent Rethug who was all about style, not substance, took the solar panels off the WH and trashed any progressive attempts at actual conservation. Reagan couldn't remember his own name sometimes, much less what pulled the US through the Arab oil embargo.

    I remember wearing wool sweaters and suits to work since thermostats were turned down in buildings (and this is the south) and using public transportation back then (and buying a house in 78 that was on a bus line). Now, bldgs blaze all night, wasting energy to show off the palaces of commerce and build parking decks (another waste of energy) to accommodate all the single cars carrying one person downtown. This must be changed as well. Additionally, I have not owned a car with more than 4 cylinders since my first, in 1968, which was a "compact" Falcon, one of the few small cars at the time.

    And for housing, well, if builders and the real estate industry had not been so greedy during the latest building boom, every single house could have had solar panels installed and incorporated into the real value of the housing, saving tremendous amounts of electricity--of course, power plants would have lost some profit, but that will happen to old technology anyway. Additionally, porches and trees help cool a house in summer, but with wholesale razing of all greenery during construction, few new developments have mature trees.

    When people start educating themselves and making real demands for conservation, instead of accepting any old thing, we'll be making some progress.
  • unrepentant_expat · 1 year ago
    CDS2...At least the GOP has a plan...

    ...devised by Cheney and un-named industry big wigs to to extricate you from any money you hoped to save for those twilight years.
  • CDS2 · 1 year ago
    Come on.....that is just not true.
  • ZennButtKicker (tlhwraith) · 1 year ago
    We got it CDS2, everything is grand. Just keep doing what we are doing, it's "a plan", I guess. And there are no economic problems, because the walmart parking lot is always full and the Oil Companys record breaking profits aren't "that high".

    Thanks for clearing all that up?
  • CDS2 · 1 year ago
    Zenn...

    Man o Man, you sure can twist things. We have major problems in this country. The Dem's are doing NOTHING to solve them. Answer my question. Should all co's including indiividuals who earn more that 8.9% on their investment pay a penalty to the government?
  • OlderAndWiser · 1 year ago
    MSNBC is reporting that many of Manwhore McCrazy's "town hall meetings" are done in corporate settings...today's is a "financial services" company. The public is never invited...
  • Soundboy_jeff_meanie · 1 year ago
    CDS2 1 minute ago 0 points
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    Hi Soundboy....

    Haven't talked to you for a while. You know, a 'few months ago', and 'we will be greeted as liberatgors' is yesterday. What do you think we should do tomorrow to solve the energy problem?
    ----

    Invest in Tata?...

    http://www.theaircar.com/acf/

    http://www.thecarconnection.com/Auto_News/Daily...


    Question CDS... how much money do you think cheney and chimpy (or chimpy's dad, Carlyle Group ring a bell?) have made in their years in office?

    isn't it interesting that big oil is making record profits... and the president and the VP are both oilmen? (present tense).

    .
  • CDS2 · 1 year ago
    Soundboy...

    First of all the oil co's are making a 9% return on their investment. Not a lot of return by any standards considering that the S&P 500 average return was 13%. Question on this....Do you think any company or person that makes over 8.9% profit should be penalized with more taxes?

    How much money did Bush and Cheny make? That's their business, and none of ours. What makes you feel that you should have that information?
  • unrepentant_expat · 1 year ago
    CDS2..."
    How much money did Bush and Cheny make? That's their business, and none of ours. What makes you feel that you should have that information?"


    My god I hope you're just being snarky. These bastard are stealing the food from the mouths of our children and grandchildren. Much of the oil shortages have been implemented to drive up the price of petroleum. The deaths and displacement of millions of people is not a sane energy policy.
  • CDS2 · 1 year ago
    unrepentant...

    Hey....you ignored the first part of my comment. What do you have to say about that?

    Stealing the food....come on?
  • unrepentant_expat · 1 year ago
    "Stealing the food....come on?"

    U.S Debt $9.2 Trillion
    www.DeficitsDoMatter.org

    And you think that is not going to come off someone's table.
  • Soundboy_jeff_meanie · 1 year ago
  • Soundboy_jeff_meanie · 1 year ago
    CDS2
    Soundboy...

    First of all the oil co's are making a 9% return on their investment. Not a lot of return by any standards considering that the S&P 500 average return was 13%. Question on this....Do you think any company or person that makes over 8.9% profit should be penalized with more taxes?

    How much money did Bush and Cheny make? That's their business, and none of ours. What makes you feel that you should have that information?
    ---

    if their policy leads DIRECTLY to increased wealth for them, how is it in the best interests of the American people?

    that doesn't seem borderline criminal to you?... or are they just lucky.
  • CDS2 · 1 year ago
    Soundboy...

    How much have they made because of their 'policy'?
  • Confusion · 1 year ago
    Confusion think...too many phucking trolls on this website for supposed troll free area. Anyhoo..riding bicycle good for peoples of China, can work off extra poison in food and drugs like in Merika.
  • CDS2 · 1 year ago
    I knoe it's hard to deal with facts and other opinions. Stay in your shell.
  • Soundboy_jeff_meanie · 1 year ago
    CDS2 8 minutes ago -1 points
    Please login to rate.



    Soundboy...

    How much have they made because of their 'policy'?
    ---

    didn't you just tell us that's none of our business?
  • tlsintx · 1 year ago
    busboy-

    i'd love to argue with you but you suck.
  • KerrynowCampau · 1 year ago
    Olderandwiser 37 minutes ago


    Great post! If everyone educated themselves as you have we could take control of the situation instead of waiting for something or someone to come along and save us.
  • Soundboy_jeff_meanie · 1 year ago
    tlsintx
    busboy-

    i'd love to argue with you but you suck.
    ---

    LOL!

    tell us what you really think about him tlsintx :-)
  • Andrew · 1 year ago
    Surprised at $112 oil, don't be as there is a very simple answer for it. The US dollar is worthless and the rest of the world knows it. If your a country pumpinfg a much needed resources that is finite and you've grown accustomed to building cities in the desert along with your stables of Arabian race horses, the ablity to buy real money like gold and silver along with precious gem stones, why would you continue to sell your product if the purchasing power of your paymeny in dollars is falling off a cliff? The short answer is, you wouldn't. So what is a sheik to do? That's easy, raise the price of your product in the hope that consumption may come down. It may here in the US as we continue on the path to becoming a banana republic, but that's not the case in the rest of the world like China, India and other emerging countries.
    The bitter medicine that is required is also a no braininer, but in an election year, it seems no one wants to make the first move. Back in the early eighties Paul Volcker knew what to do and began by raising interest rates to 21%. That hurt a lot of people, but for the first time in a long time, the American consumer began to save. Yet there is one other action that must be taken and that is backing the US dollar with something of value like silver which Kennedy had wanted and signed an executive to do so. He was dead 6 months later.
    In case you missed it, Mr. Volcker is still around and many in office now should heed his words.
    Yesterday, Paul Volcker said the credit crisis is the "mother of all crises" and the modern financial system has "failed the test of the marketplace."
    Paul Volcker: "The Federal Reserve has judged it necessary to take actions that extend to the very edge of its lawful and implied powers, transcending in the process, certain long embedded CentralBanking principles and practices…What appears to be in substance a direct transfer of mortgage andmortgage-backed securities of questionable pedigree from an investment bank to the Federal Reserveseems to test the time-honored central bank mantra in time of crisis: lend freely at high rates againstgood collateral; test it to the point of no return."
    When asked about the possibility of a dollar crisis, Mr. Volcker retorted, "Dollar crisis…you don't have to predict it, you're in it…Let me remind you that the Dollar after all is a fiat currency backed only by the word and policies of our government, policies exemplified by an independent Central Bank committed to maintaining price stability.
    These dollar and inflation comments have been mostly ignored by the media. Mr. Volcker: "The transient causes of extreme leveraging have been exposed by force of circumstance.
    The nation’s spending and consumption are being brought into line with our capacity to produce." Theprobable ‘greatest ever’ Fed Chairman issued views that can only be interrupted as extremely negative
  • moreleesafer · 1 year ago
    Saw on my way to work today: a BIIIIIIIIIG Hummer. Full-sized AND was raised up like a monster truck so that it was at least twice the height of my Accord. As the a$$wipe peels off on a left hand turn I notice his license plate. 7-MPG yeah, he was proudly displaying his appalling misuse of the Earth’s resources. Or his IQ.
  • KerrynowCampau · 1 year ago
    moreleesafer-

    Jeeeeze, what an asshole (the hummer driver)!!

    I hope his house is going into foreclosure
  • jr · 1 year ago
    "there's no inflation!"-Ben Bernanke
  • Bubbles · 1 year ago
    Before Bush leaves office, it is now conceivable that oil might reach a price $100 more than where it was in 2000 and the dollar, vis-a-vis the Euro, may be worth a quarter of what is was in 2000.

    I distinctly recall Cheney in the 2000 debates, decrying some mediocre achievement of the Clinton era: "We can do better than that".

    Turns out they can't.
  • tlsintx · 1 year ago
    time to demystify the 'economy' and work together against the bad actors...

    http://tpmcafe.talkingpointsmemo.com/2008/04/08...
  • PeteWa · 1 year ago
    I knoe it's hart werk lernin to spel rite, stay in yer shel.
  • Busboy · 1 year ago
    It's a free country, tlsintx; go do your own thing. Otherwise, listen to cds2 and me and everyone else who has seen this coming for 20 years. It's not a liberal/conservative thing. It's a progressive vs "head stuck in the sand" thing. The French tackled this head on and now supply 30% of their energy needs with nuclear. You can't call yourself a "progressive" if you want to return to 1935. Wake up and smell the coffee!