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26 million people. 20 people get killed. ooooooooo, civil war!!! Still waiting.

By the way, we go in and take the 2-3rd largest oil reserve, only to give it up? It's just plain stupid. Somebody please tell Obama.

Sorry, but it's far more economically viable in the short term for America to control the supply side of oil, rather than running our economy into the ground by naively "switching over" to wind power, solar, or garbage-burning micro turbines as if we can do this overnight. Long term...

Southamerica, you are absolutely right and I am also intrigued by your deep knowledge. ;)

What bothers you are all the cockroaches hiding in your kitchen cupboards, and all the goblins hiding in your bedroom closet, because you think they are all jewish.

Guess what? I'm still waiting for this "civil war" that never happened. Sheesh.

What's your point?

If we dump oil for the bicycle, our economy will be in ruins, so Mr. Sheik can own us with his petrodollars made by selling oil at top dollar to the gleeful Chinese.

All the Saudis had to do is say they will boost output dramatically, which would kill the bullish speculation and this would all be over. This time they did not. OPEC is challenging America's global position. They see an impotent Fed, and the impotence of too many Americans STILL...

lame

I wonder if it's a good thing to have global exchanges for commodities, especially oil.

The rise in oil prices doesn't change demand. It changes policy in governments whose economies are dependent on cheap oil. Chances are that Western governments will fight OPEC before truckers dump their trucks for Priuses.

Attacking Iran makes no sense when we already have Iraq. Iraq was politically and economically isolated. It has the 2-3 largest oil reserves. We took it, knowing no other country would fight us in Iraq's defense. Iran, on the other hand is a different story. Too many countries have...

The problem is that the high price of oil transfers more wealth from the free West to hostile Islamist and Neo-communist countries. OPEC is made up of essentially Islamist and Communist countries. The Saudis snubbed Bush, and Bush accepted it. This is a sign that America has lost control...

Not so fast. The sky-high price of oil is ONLY due to a neglected dollar. And the dollar's value is determined by a global cartel of banks, not what speculators wish to believe about America's economy. However, there is a currency war going on, so when the Cartel begins to support the...

But you do have an organized Islamist Muslim problem, combined with an extreme case of government-sponsored white anglo-saxon guilt, which enables this problem of institutional blindedness. We don't have that much guilt here in the states. We do have thousands of fanatical cults, but none...

These days, it has a lot less to do with the underlining commodity, and a lot more to do with a world awashed in cash, reacting to an increasingly uncertain geopolitical climate, while having access to more global trading instruments than ever before.

Someone farts in Palestine, and the AP wire goes nuts. Every AP journalist with Middle Eastern last names are free to monopolize the wire so everybody in the West knows someone in Palestine is wailing... again. Who cares? Nobody cares. But still they try to make Westerners feel guilty. God...

the price of gasoline is based on how people choose their grades. With $100 oil, we should have $5-6+ gas by now, but we don't because they saw the statistics of people going for the cheaper grade as the price approached $4. It's all about supply and demand with the consumer, not just the...

why do zionists like Albanians?