Crude prices climb back above $125 a barrel (Democrats, where's my lower gas cost?)

MSNBC ^ | 5/16/2008 | AP

[tobyhill]

NEW YORK - Oil prices continued to rise Friday after a whipsaw overnight session that paired the expiration of options with a bevy of news that swung the price of oil per barrel in a $6 range.

Light, sweet crude for June delivery was up $1.08 to $125.20 a barrel in electronic trade on the New York Mercantile Exchange by midday in Europe.

During Thursday’s session, the front-month crude oil contract dropped as low as $120.75 before bouncing back to finish at $124.12 a barrel.

[ichabod1]

Varius, give me back my legions!

[swatbuznik]

I bet if the Democrats had passed Bush’s energy package (drilling for more oil, building refineries), that news alone would have lowered prices before anything was done.

We know they don’t have America’s interest at heart! What a bunch of jerks!!!

[C210N]

(Democrats, where's my lower gas cost?)

The R&R's ('Rats & Rino's) won't actually do things to lower gas prices, they only do things so that they can say they are doing things, in a way that they can tout they did something. R&R's really want prices to stay where they are (or rise) so that they repeat the process.

[yankeedame]

Varius, give me back my legions!

"...Lord Augustus
Gave his head a wack.
'Varius! Varius! General Varius!
Give me my three Legions back!'

"Lord Augustus tore his hair out
and his sheet and counterpane.
'Varius! Varius! General Vaius!
give me my Legions back again!' "

[Leisler]

The GOP should of been able to beat the Dems into a bloody smear. But, being dull, boring, with little to no public communication skills, the GOP will, and is, getting the blame.

I really have to admire the Dems. Their ability to do the worst and get it dumped on the GOP.

By and large the GOP seems like a bunch of clerks. No theater, no drama, no street action. Totally colorless.

[metmom]

If one gets into office this fall, we’ll be happy to see these kinds of prices, I’m afraid.

[meandog]

$125 a barrel you say!

[Eric in the Ozarks]

$127.43 was the overnight...

[demshateGod]

“R&R’s really want prices to stay where they are (or rise) so that they repeat the process.”

That’s right. It’s not just the Rats that are jerks. Of course we know they don’t have the countries interest in mind, that’s just who they are. The real jerks are the people who said they’d do this and that. We sent them up there and they don’t even fight at all. They just want credit for saying they fought.

[Paladin2]

Uh, why not drill in the US, Canada and Mexico?

[demshateGod]

Okay, I don’t want to sound like the Michigan Militia or McVey or something but wouldn’t it be good if some terrorist crashed a jet into the capital and wiped them all out? Then we could start all over without all the hassle. I guess that wouldn’t be good. Never mind, forget I said that.

[tatsinfla]

3.95 a gallon in daytona beach this morning....and nary a kiss to go with it.....

[tatsinfla]

hear that knock at your front door...??...secret service is onto you now.....run!!!

[tobyhill]

You nailed it. “Dull and boring”. They sat there and allowed Biden to call President Bush “bullsh*t” without any response back. They have never held the Rats accountable for the promises they made when they got the majority other than a letter. They've never taken the MSM to task when they circle the wagon every time for Obama.

[The Great RJ]

Hillary said she was going to pursue anti-trust suits against OPEC and yesterday speaking on a farm in South Dakota said she would put pressure on (i.e. beg) oil producing countries to increase production. I suggest she borrow Monica's knee pads and get on the first plane to the Gulf. It is absolutely ridiculous that we are begging the Arab sheiks for oil when we have vast amounts literally under our feet that we won't touch.

[tobyhill]

Which court of law does she plan on suing them in? The Rats great plan of 100% alternative energy is nothing more than the unfinished 60’s pipe-dream. We live in a world where oil will always be needed but we maybe able to cut some consumption and actually get at least double benefits if we got the oil from here. The Rats are just stupid and they are relying on dumbing down Americans enough to their levels so they can get elected.

[nascarnation]

get the poor people off the roads!
now!

[<1/1,000,000th%]

This is all part of algore’s plan to reach $5 a gallon gas.

[SunkenCiv]

Stopping of the filling of the US strategic reserve, at 66000 barrels of oil per day, will really help things out. Look:

[snip] In 2005, total U.S. demand for petroleum was 20.8 million barrels per day, of which 12.5 million barrels per day, or 60 percent, was from net imports (imports minus exports). [end]
http://www.eia.doe.gov/neic/infosheets/petroleumproductsconsumption.html

That’s about 21 million barrels a day, making that 66,000:

.0031428571

or, a little more than 3 tenths of a per cent of our consumption.

Let’s take that figure and, ignoring that not all crude is used for gasoline (besides diesel, there are various oils, petrochemicals, etc), figure out how much gasoline should drop:

.0125714284

Yes, that’s right — using the $4 a gallon figure we’re paying around here (Grand Rapids Michigan), the price should drop to $3.99, which is a huge difference, somethign like 14 cents a tank for my car.

[SunkenCiv]

U.S. oil and gas rig count up 16
www.dallasnews.com | 05/16/2008 | Staff
Posted on 05/16/2008 11:14:39 AM PDT by Red Badger
http://www.freerepublic.com/focus/f-news/2016976/posts

Senators Warn Bill Could Spike Gas $1.50-$5 a Gallon
Business & Media Institute | 05/15/08 | Jeff Poor
Posted on 05/16/2008 7:00:52 AM PDT by aegiscg47
http://www.freerepublic.com/focus/f-news/2016849/posts

[Fury]

On Sunday, diesel was $4.659 a gallon. I went by the same station today - $4.899 a gallon. Up .23 cents a gallon in *6* days...

We have a diesel pickup (need to get feed and hay), but that’s the only time it gets used anymore.

[Leisler]

Well, you know what. If it takes Hillary to slap the Saudis around, I like that better than seeing one of the Bushes lip locking, hand holding the fat, thieving head of the Saudi Family Crime Syndicate.

Good for her.

[Leisler]

We are taxed to patrol the Persian Gulf, die in Iraq and the Saudis screw us and Bush, et al, say that its better than white bread.

I must be missing something.

[george76]

[SunkenCiv]

:’D

“Schmoos”, Al Kapp, 1968... can’t find an image, which is curious. Kapp lampooned the tax/borrow/spend candidates in a series of strips in which a blowhard politician said he’d use schmoos to solve each and every problem facing the country. Eventually the granny character put the hex on the schmoos and made them all jump into bottomless canyon, which (as seen in another strip, in which a skeleton is shown falling, all that was left of someone who’d fallen in years earlier) was the irresistable force (infinite fecundity) meeting the immoveable object (infinite capacity).

I think my solution for the current thing would also work — bigger gallons.

[SunkenCiv]

The Dollar Looks Ready to Rally
Barron’s | 29 April 2008 | By KOPIN TAN
Posted on 04/27/2008 3:01:19 PM PDT by shrinkermd
http://www.freerepublic.com/focus/f-news/2007772/posts

[snip] The rehabilitation, ironically, is driven by a weak dollar, which makes bargains of our exports, fills Manhattan’s 65,000 hotel rooms with European tourists, and entices for

[Berosus]

I found a picture of a schmoo right away, using Google's image search. :)

[SunkenCiv]

There are many, but I was looking for the L’il Abner strips of 40 years ago.

[Fred Nerks]

that's the best I could do...it's got to be an oldie; see where it says 'I'm gaily colored' !!! (You won't see THAT in an ad today.)

[SunkenCiv]

and 39 cents, won’t see that either. :’)