http://feeds.bignewsnetwork.com/?sid=a060ea3c05495e62
Cheney thinks they walk away scottfree ?
Health problems....yeah....
Cheney thinks they walk away scottfree ?
Health problems....yeah....
Significant Reduction in Petroleum / Gasoline Prices, HOW?
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Quote from The Kin2:
The Oil Administration is making Long Oil Traders rich motherfuckers!
The Oil Administration has done more to protect the environment and curb urban sprawl than any other administration in history. Pretty soon, no one will be able to afford to drive their gas-guzzling SUV.
If you think Bush is mostly responsible for these high oil prices, then Bush has done more for the alternative fuel movement than any other President. I believe these high prices have started alternative things in motion that will lead to the end of oil as a major energy choice. I also believe this is not reversable, I have seen people that have a hatred for big oil and lower prices will not change their opinion anymore. So we need to thank Bush for doing such a rotten job, it just might finally get people to start using alternative fuels.
BTW I bet my alternative stocks have gone up much more than your oil stocks.
whatever the take on this,
this is front page news and discussions both on the general news media and on the business media.
CNBC, Monday, April 24, 2006, almost all day has been covering this story.
Under the Clinton Administration, he negotiated $15 bbl oil, which produced our outsized economy gains and fueled the world boom in demand for manufactured products of all kinds, thus allowing the world, as well as the US to build, sell and benefit from both commoditized goods and travel based tourism goods. These two engines of wealth sharing helped fuel the further development of other gains in other industries.
This unabated oil rise, which is the fuel that the world runs on, not just the US, has already killed off the new growth, and signficantly curtailed future and existing growth and served to curtail the ability for most to continue even with their minimal needs (with respect to oil usage, namely basic transportation and such).
Congradulations on self interest winning at the shareholder excuse game
this is front page news and discussions both on the general news media and on the business media.
CNBC, Monday, April 24, 2006, almost all day has been covering this story.
Under the Clinton Administration, he negotiated $15 bbl oil, which produced our outsized economy gains and fueled the world boom in demand for manufactured products of all kinds, thus allowing the world, as well as the US to build, sell and benefit from both commoditized goods and travel based tourism goods. These two engines of wealth sharing helped fuel the further development of other gains in other industries.
This unabated oil rise, which is the fuel that the world runs on, not just the US, has already killed off the new growth, and signficantly curtailed future and existing growth and served to curtail the ability for most to continue even with their minimal needs (with respect to oil usage, namely basic transportation and such).
Congradulations on self interest winning at the shareholder excuse game
GOP leaders urge price-gouging probe on gas
By Mark Preston
CNN Washington Bureau
Monday, April 24, 2006; Posted: 3:18 p.m. EDT (19:18 GMT)
http://www.cnn.com/2006/POLITICS/04/24/gas.investigation/index.html
WASHINGTON (CNN) -- Congressional GOP leaders on Monday formally called on President Bush to launch an investigation into possible price gouging by oil companies, as gas costs shot up nearly 25 cents a gallon in two weeks.
Too funny this selloff. The specs and traders are the ones responsible for the gouging. This has nothing to do with supply and demand or some feel good GOP press release from a party facing catastrophe. Or Iran or Nigeria. My bet -- MOFO angry calls and threats this weekend from DC but I don't really know what the power structure is in oil trading.
All this is is a slow motion and dispersed corner of the market - - bunch of funds, banks and yahoos creating and riding the momo. And like any corner, it can be broken by changing the rules or limiting the market. You don't think the Bushies and white house/legislative counsel are looking at the trading/spec angle -- yer nutz. These people are pissed about this.
Maybe CNBC will have some 20 yo douchebag w/o a tie on from Nymex or one of the other exchanges explaining the "economics" tonight.
LOL, I guess some gasoline or oil suddenly got found. Or the market was due for a "pullback". Here -- take a look at the last few press releases starting 4/20. They're whacking em with margin changes in the commodities in NYC.
http://www.nymex.com/press_releas.aspx?archive=2006
Too bad they gave any warning at all. Prices drop when people get sold out the hard way.
http://www.nymex.com/press_releas.aspx?archive=2006
Too bad they gave any warning at all. Prices drop when people get sold out the hard way.
not to insult or be degrading, but
if we were to change the subject from Oil to Emergency Room Triage,
then essentially a doctor would do more to help the wounded victim by letting them come within a hair's breath suffocation before attempting to administer triage and cure them....
hmmmm, I'd rather be the reporter in the room instead of the doctor or the victim in that picture,
how about you?
Quote from Trader5287:
Too funny this selloff. The specs and traders are the ones responsible for the gouging. This has nothing to do with supply and demand or some feel good GOP press release from a party facing catastrophe. Or Iran or Nigeria. My bet -- MOFO angry calls and threats this weekend from DC but I don't really know what the power structure is in oil trading.
All this is is a slow motion and dispersed corner of the market - - bunch of funds, banks and yahoos creating and riding the momo. And like any corner, it can be broken by changing the rules or limiting the market. You don't think the Bushies and white house/legislative counsel are looking at the trading/spec angle -- yer nutz. These people are pissed about this.
Maybe CNBC will have some 20 yo douchebag w/o a tie on from Nymex or one of the other exchanges explaining the "economics" tonight.
good comments,,,,
glad you're a believer....
most citizens have watched over the past 5.5 years of this Oil Administration, see the "at the pump" prices rise over $1.65 per gallon over the previous Clinton Administration.
That premium has gone pooh poohed....
that premium has gone with all kinds of useless excuses, already outlined in previous comments from so many participants on this thread...
some of them, summarize like this:
a) excuses over conflicts in oil producing nations
b) excuses over world demand changing significantly in comparison to previous years...
simply put, then why aren't European prices over $10.00 US per litre or $13.85 Euro per litre?
why aren't other "usage / consuming" nations' prices going up over 155% like they have in the US?
simple,
they don't have an Oil Administration