And the truth shall set us free! Good to see someone with some real insight here. It's economic warfare on these ridiculous, radical, oil-producing nations. Let 'em burn. I would rather pay for $90 crude than see Makmoud and Hugo grease their palms with our money.
Because they are busy figuring out how much they should tax gasoline now since the oil windfall profit tax ideas won't sell at oil's current price.
What do you have against Chavez? He was elected democratically after all. Just because the country isn't controlled by an american puppet government doesn't mean it's a bad country.
Exactly. What has he or Iran done to us that deserves this hostility we show them? Remember after that brief encounter last year with the Iranian boat? At the next GOP debate everybody was practically begging to go to war with them over a very minor incident that had no ramifications on anything. Ron Paul was severely critisized for suggesting that we take a step back and not have a rush to judgement. Who is the aggressor? Countries that keep to themselves and at least talks about peace, or one that has troops in over 100 countries and lives by the motto, âyouâre either with us, or youâre with the terrorists.â We need to seriously reconsider our foreign policy. On another note, I am glad oil has dropped so greatly. It appears that it has thrown a serious wrench into Chavezâs dream of funding a Socialistic paradise. Hopefully these countries will learn to not be so dependant on oil as 90% of its economy.
So demand for oil is not lower than it was in 07? Supply is always going to be an issue, with a large majority of oil coming from politically unstable regions.
You are absolutely right, however if we can make extra profits from blowing up the next part of earth, we probably gonna do it, cause there is no way out from this mess except go thorough wars. It may take several years, but eventually there will be another war. we are such warmongering country.
======================= I wish some one would post again that 2 year+/ oil chart ; realshocker , when its priced in euros & dollars-eye opener. =========================================== Also i believe in free markets for free people; but Citigroup/commodoty co ,oil tanker crude buy should be much more regulated, than a 4 cylender oil burning Honda. Royal Dutch Shell oil tanker recent big buy, should not be more regulated; Citigroup has taken so much gov aid, & since they tried to blame THEIR mismanagement on short sellers, that bank should be much more severely regulated, oil tanker buys, everything Citigroup does deserves much more regulation................................ Spell checjker not used.
As a matter of fact it's an exceedingly beautiful country. I have nothing against the country. It would satisfy my Schadenfreuede though to have Chavez' sharade collapse on him given all his anti-american rhetoric. All this "Glorious Bolivarian Revolution" bullshit falls apart completely in the absence of bubble level crude prices. I know the US has all kinds of problems, but it's MY US, and he needs to STFU about it already.
When gas was $4.25, we kept hearing about the huge demand on oil, the supply shortages, the refining capacity, and the possibility of any number of one incidents threatening to disrupt the entire market. But yet I never once saw a âclosed, no gasâ sign at any station. When pumping gas, the pump never shut off after only a 5 gallon limit. There were never any signs saying the station would run out of gas by 2 oâclock. We only get 30% of our oil from âunstable sources.â If that entire supply were instantly cut off, I think with a little belt tightening, weâd be able to survive and change our way of life to adjust to less supply. I heard theyâre finally starting to drill off the east and west coasts. Although Iâve never understood why it took less than 10 years to put a man on the moon, but it will take years to extract oil that is just a few feet below us.