$220 Barrel Oil? Perhaps More?

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?

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.

Just like in 08, there is no shortage, there is plenty of oil nothing but fear & greed driving the price up, mostly greed.

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.....

Yeah jerome - we're all brainwashed by Fox & can't think for ourselves. 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!

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!! $10 a gallon perhaps? $15? $20?

How about all that money that Bush printed.......

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.

The country is in dire straits. The people need to fix this NOW. The next few years are going to be interesting .....

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.

Presidents are not responsible for money creation.