you’re mistaken if you believe that high oil prices would distress President Obama. He has previously stated he does not mind high prices. What matters to him is how rapid the prices rise.
$4/gal gas by Memorial Day.
Happy days are here again,
the skies above are clear again.
crazy
wish someone would actually try to fix the problem
asol figures that the natural gas needed for a gallon of diesel, plus operating costs, comes to about $1.50 a gallon. In comparison, a gallon of diesel made from crude oil now costs more than $2, even before refining, and many forecasts are for the price of oil to go higher.
http://www.nytimes.com/2010/12/24/business/energy-environment/24fuel.html
Volvo’s 124-MPG Diesel-Electric To Debut In Geneva
http://motorcrave.com/volvos-124-mpg-diesel-electric-to-debut-in-geneva/10165/
meanwhile lets just go back to regular bull.
Ping.
Right. No mention of market speculators.
I wonder if the Wikileaks guys went long oil futures just before releasing this little tidbit.
Damned idiot Americans should use food as a weapon.
Let the mid east retards starve.
>> “Saudi Arabia cannot pump enough oil to keep a lid on prices” <<
.
But Bernanke can print enough monopoly money to put a solid floor under them! (and gold and silver...)
.
I’m sure this will cause panic but it is not new news. Rumor, speculation and reports have been around about this for a long time.
It may be true, it may not be. Oil will eventually be depleted.
who is this anonymous source?
is this just another price inflating manipulation story?