Oil prices yet again hit another record high

[D_Raay]

http://story.news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/nm/20041005/bs_nm/markets_oil_dc
Hmmmm, let's see it costs me 22.00 to fill up my car. So I am using almost half a barrel when I fill up?!!!! :rolleyes:

[ASsman]

DAMMIT! WHEN WILL TERRORIST STOP GUAGING OIL PRICES ! ! !! !

[Echewta]

Terrorist, hurricanes, political unrest, whatever excuse they can use. Always look at their profits and see if the raised prices changes that profit margin.

[infidel]

How come the price of gas goes up overnight but takes weeks to come back down?
Does Halliburton own the oil companies too?

[stillill]

Good, maybe if prices keep going up people will stop driving and polluting so much.

[endofmystump]

Supply and demand my friends. I have one word for you: China. The price of all commodities (aluminum, steel, oil, etc.) is through the roof b/c China is experiencing almost 10% annual growth. Also, a huge portion of gas bills is to pay state and local taxes. Lower taxes!

[SobaViolence]

YAY SOCIALIST TOTALITARIANISM!!!



show those capitalist fatcats who can consume and waste more crap.

[yeahwho]

Fuckin' "A", my suburban is idling all night, I never take the key out. I never turn the TV off, my hot waters running and the thermostat is at 90. Fridge door is open, all the lights are on and the tea kettle whistles 24/7. The dryer is tumblin' and the mixer is jumblin'.

I have "4" multi-colored 500 watt spotlights shining on my USA Flag with a 1000 watt stereo playing The Star Spangled Banner all while a natural gas torch lights my 10 commandments carved in granite.

I am a US citizen, I love this country.

[D_Raay]

Fuckin' "A", my suburban is idling all night, I never take the key out. I never turn the TV off, my hot waters running and the thermostat is at 90. Fridge door is open, all the lights are on and the tea kettle whistles 24/7. The dryer is tumblin' and the mixer is jumblin'.

I have "4" multi-colored 500 watt spotlights shining on my USA Flag with a 1000 watt stereo playing The Star Spangled Banner all while a natural gas torch lights my 10 commandments carved in granite.

I am a US citizen, I love this country.
Hehehe, LOL, funny shit

[D_Raay]

You know I hate to be inclined to update this post but;

U.S. light crude futures set an all-time high at $52.24 a barrel, marking a 60 percent surge in prices so far this year on the strongest demand growth in a generation and a thinning cushion of spare capacity to cope with supply outages.
http://story.news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/nm/20041007/bs_nm/markets_oil_dc
What the hell is going on here?! They are blaming a "projected" winter? They can't even chart the course of a hurricane accurately, but they know how the winter is going to be? And the environment isn't a concern right? The Kyoto Treaty is just so much farts in a suit I suppose?

[Schmeltz]

The price of all commodities (aluminum, steel, oil, etc.) is through the roof b/c China is experiencing almost 10% annual growth.


If this is true, and I don't find it hard to believe, then it's what I've said before - we're all connected like a Lego set. Pretending that the rest of the world isn't really there is just not realistic.

[stillill]

If this is true, and I don't find it hard to believe, then it's what I've said before - we're all connected like a Lego set.

You or Mike D?

[Ali]

Fuckin' "A", my suburban is idling all night, I never take the key out. I never turn the TV off, my hot waters running and the thermostat is at 90. Fridge door is open, all the lights are on and the tea kettle whistles 24/7. The dryer is tumblin' and the mixer is jumblin'.

I have "4" multi-colored 500 watt spotlights shining on my USA Flag with a 1000 watt stereo playing The Star Spangled Banner all while a natural gas torch lights my 10 commandments carved in granite.

I am a US citizen, I love this country. Epic post, dude. (y)

[ASsman]

I saw we start drilling everywhere. We are bound to find something.

[infidel]

bush's next proposal will be that people burn all the "liberal" books to heat their homes this winter

[paulk]

Check this shit:

Something like 45% to 50% of the price we pay for gas in the U.S. is federal tax, as I remember reading.

And our healthcare system is only halfway socialized!

[infidel]

Not quite paulk.
The federal tax on gasoline has been 18.4 cents per gallon since 1993. State ranges from a low of 8 cents per gallon in Alaska to a high of 16 cents per gallon in Hawaii.
The tax is less than 25% in the highest state, still too high but it supposedly is used to maintain the roads.
I feel this is good way to pay for highway maintenance, make the people who use the most fuel pay the cost while the folks who don't drive don't pay.

[drobertson420]

I don't understand why oil prices are so high...Isn't Bush pals with the Saudis? Can't he "call in a favor?" They Owe Us!! ;)

[Pres Zount]

There is a General Strike planned for October 10 or 11 in Nigeria (y) , the strike is about oil subsidies and other things. The oil workers there may actually join the other striking workers, unlike in the last few general strikes - this would cause another oil price rise

[infidel]

I don't understand why oil prices are so high...Isn't Bush pals with the Saudis? Can't he "call in a favor?" They Owe Us!! ;)
Think he's used up all his favors. Saudi oil production along with the rest of the world has about reached capacity. I wouldn't be surprised to see $100/ barrel oil in the not so distant future.

[endofmystump]

$100 per barrel...buy oil futures then. I think they are only slightly north of $55. After the cold winter it will come back down. Also, if China has a hard landing, the price will plummet...