$220 Barrel Oil? Perhaps More?

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franco b
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Post Wed. Apr. 27, 2011 3:43 pm

Bush did try to increase supply by drilling in Alaska but was thwarted by a Dem congress.

But now we have hindsight and the proper course for our leader would be to do everything in his power to increase supply, especially domestic supply. Instead he does just the opposite.

I don't understand the constant harping on Bush's mistakes which most would agree with. How does that make Obama's blunders acceptable?

coalnewbie
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Post Wed. Apr. 27, 2011 4:10 pm

Name calling at this point is useless but we now need a leader to start to do something about it. If you think it will just go away or that peak oil is a myth then consider this:

http://oilprice.com/Energy/Energy-General/No-Easy ... risis.html

The Fed today has of course done nothing as they can't - for the life of me I don't understand why we are supposed to be on the edge of our seats when the Fed speaks - they are irrevelant at this point . The days of Volcker are long since gone. So now gold and oil must continue up as the dollar must continue down. This as sure as night follows day. The only issue at what point does oil demand destruction counteract the increasing price then that marks the top. Don't worry about greedy investors as they in fact reduce volatility. So where is that point for gas $5, $7, $10? Grab the popcorn and turn on the TV - going to get REAL nasty. Might as well as we can't afford to go anywhere.
Posted by an unreasonable adult.

samhill
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Post Wed. Apr. 27, 2011 5:07 pm

Just like in 08, there is no shortage, there is plenty of oil nothing but fear & greed driving the price up, mostly greed.
"Any fool can criticize, condemn & complain & most fools do." Benjamin Franklin


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jeromemsn
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Post Wed. Apr. 27, 2011 6:34 pm

You fellas need to start following the money trail instead of listening to Fox....

Who would profit the most from oil prices spiking in a 3 to 4 year interval....go ahead take all the time you want it's only costing you 4 bucks a gallon.

Another hint....What industry drives this country......go ahead take your time.......

Besides the oil companies what other company is making record profits even though the economy is basically in stagnation..........I'll just whistle while you think about it........

Don't have a clue yet of what it is.....damn man, no wonder this country is in trouble.....
The warmest people I know burn Coal! ©

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SMITTY
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Post Wed. Apr. 27, 2011 6:41 pm

Yeah jerome - we're all brainwashed by Fox & can't think for ourselves. :roll: :lol: I'll give you that your a true democrat. I guess that counts for something .... :?:

Why is it so hard to understand that when you keep printing money, the dollar becomes more & more worthless! I'm just a dumb drunk mechanic & I figured that one out all by myself! :o

Every dollar the O man prints causes oil to rise in lock step. He & the fed are making the dollar essentially worthless. If we continue on this path, & the rest of the world tells us to take our dollar & shove it, what do you think you'll be paying per gallon then? Imagine having to convert to Yen before we purchase oil!! :shock: $10 a gallon perhaps? $15? $20?
The laws that forbid the carrying of arms...disarm only those who are
neither inclined nor determined to commit crimes. ...Such laws make things worse
for the assaulted and better for the assailants, they serve rather to
encourage than to prevent homicides, for an unarmed man may be attacked with
greater confidence than an armed man."

- Thomas Jefferson, quoting 18th century criminologist Cesare Beccaria in "On
Crimes and Punishment."

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jeromemsn
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Post Wed. Apr. 27, 2011 6:50 pm

How about all that money that Bush printed.......
The warmest people I know burn Coal! ©


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SMITTY
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Post Wed. Apr. 27, 2011 6:54 pm

What about it? Just because it was Bush doesn't make it any different.

But in fairness, under Obama, more money has been printed & spent by the government than ever existed in history prior. :shock: :shock: :shock:

The country is in dire straits. The people need to fix this NOW. The next few years are going to be interesting .....
The laws that forbid the carrying of arms...disarm only those who are
neither inclined nor determined to commit crimes. ...Such laws make things worse
for the assaulted and better for the assailants, they serve rather to
encourage than to prevent homicides, for an unarmed man may be attacked with
greater confidence than an armed man."

- Thomas Jefferson, quoting 18th century criminologist Cesare Beccaria in "On
Crimes and Punishment."

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jeromemsn
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Post Wed. Apr. 27, 2011 8:01 pm

No Smitty your wrong Bush 1 and 2 printed more money than Obama that is a fact and one that I presented on previous posts.
The warmest people I know burn Coal! ©

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lsayre
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Post Wed. Apr. 27, 2011 8:04 pm

Presidents are not responsible for money creation.
-Larry

Democracy rests upon the principle that collective wisdom arises from a pool of individual ignorance. A Republic rests squarely upon objective law, and fundamentally upon those laws which restrict the scope and actions of government.

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