Don't look now, but oil is approaching $50
- Thread starter Tilted
- Start date
Larry Gude
Strung Out
Unbelievable.
Larry Gude
Strung Out
Unbelievable.
Tilted
..
No, seriously - I wouldn't lie about it.
Anyway, oil is around 56 1/2 bucks now, and gas is about $1.62.
Larry Gude
Strung Out
New job report; It seems everyone got fired last month. In other news, oil inventories are up 2 tillion barrels over last month and July delivery just topped out at $99...in sports the Yankees..."
Tilted
..
Get with the program Larry - supply and demand is soooo last century.
Anyway, oil is around 57 1/2 bucks, and gas is around $1.68.
Larry Gude
Strung Out
See? You're wrong about supply and demanding not mattering anymore. It matters, just a little different now.
More supply, less demand = higher prices.
And this is because it's a safe harbor for $'s. The feds have secret agreements with all sorts of people to not chase speculators out of oil with a return to the old regulations that kept them the hell out.
Larry Gude
Strung Out
That's right; if all the big money folks are playing the same game, they MAKE the market. This is what the commodities rules were created to regulate. Nothing new here, same old same old.
The_Twisted_Ear
A proud Conservative!
My oh my...apparently you forgot that his administration wants the oil to go up again - that is one of his way's of cutting back on oil consumption. I don't remember the exact speech but it was an eye opener! Unfortunately, most of the citizen's that voted for him didn't pay attention to his speech...
Larry Gude
Strung Out
No doubt and that is bad enough. However, he's not the one oil went to $147 under.
The_Twisted_Ear
A proud Conservative!
What are you trying to say - very confusing...
Larry Gude
Strung Out
You are saying Obama wants oil to go back up and he said he does which is all true and, to do what he wants, he needs it to.
And what was Bush's motivation? Point being, oil is WAY over priced now and yet, as bad as it is, at least Obama is telling us 'here's the plan' whereas, last summer, the culmination of the run up from 2004, what was the goal, what was the point?
$60 with a plan, a plan I disagree with, but a plan none the less.
$147 with...what plan?
The_Twisted_Ear
A proud Conservative!
There you go - reading the Drive-By Press! Bush tried to get drilling going - NO GO said the Democrats! We have plenty of oil - but the Democrats always shoot it down. If you remember, Obama said he would consider drilling - well, like everything else - it is now off the table. Actually, it was never on the table - only considered to the Democrat's got back in power. Oh well, blame Bush - what the heck...
Larry Gude
Strung Out
I've never thought of you as yet another mind numbed Bush defender, so, let's not start. Consider what you and the rest of the 'Bush was powerless' chorus are saying; He has the power to take us to war over oil but not do anything about the price/regulation of oil.
Does that make any sense? At all?
By the way, one of the LAST things I expect from Obama is an intelligent, reasonable policy regarding domestic oil supply. I expected much more from Bush.
The_Twisted_Ear
A proud Conservative!
Yea, you are right - let's just let this drop. Hey, it is a beautiful day outside.
Larry Gude
Strung Out
Sounds like everyone is getting the supply where they want it.