[Hodar]

But, but, but.... I was told that GW Bush and his cronies went into Iraq to steal their oil, so he and his buddies could all get rich off of cheap fuel....

Do you mean to tell me the Liberals were telling another lie?? < /sarcasm>

[eddie willers]

But, but, but.... I was told that GW Bush and his cronies went into Iraq to steal their oil, so he and his buddies could all get rich off of cheap fuel....

Do you mean to tell me the Liberals were telling another lie?? < /sarcasm>

<continuing sarcasm>

They are getting it dirt cheap and hoarding the blood gotten windfall profits.

</continuing sarcasm>

[richardtavor]

It is puzzling--I am in the business, and Iraq has restored 3.2 MMBO per day--the most that they ever produced is 3.5 MMBO per day. So who is curtailing production? Rumors are that the Saudi Fields are starting to decline (this I doubt). The other rumor is that OPEC is trying to keep the price up so that the US economy will tank and Bush will lose the election--if that were so, OPEC must really hate Bush to spend $billions to defeat him. My own opinion is that the cold winter dipped into the fuel oil supply more than anticipated--and the refineries have not switched yet to gasoline. If that is the case, we should see gas prices dip in late April or early May.

[WhiteGuy]

"I was told that GW Bush and his cronies went into Iraq to steal their oil, so he and his buddies could all get rich off of cheap fuel...."

No, the oil giants in the world oil production industry get rich(er)from expensive fuel...............

[Joe Hadenuf]

But, but, but.... I was told that GW Bush and his cronies went into Iraq to steal their oil

Maybe we should have. Our guys are dying over there. If we need it, I'd take every drop of their stinking oil. Are we not spending multiple BILLIONS on rebuilding THEIR country?

[Dane]

But, but, but.... I was told that GW Bush and his cronies went into Iraq to steal their oil, so he and his buddies could all get rich off of cheap fuel..

Actually Iraq is up to it's pre-war levels at about 2 million barrels per day. The oil infrastructure under saddam was miserable. Although Iraq has tons of oil it will take at least 5 years for them to get to Saudi levels. Iraq's oil poroduction will go up, though.

As for the dollar Steve, oil is still sold in dollars so the devaluation has nothing to do with it. Saudi's and OPEC can cut back production to get the dollar price up.

Also as has been noted refinery capaicty in the US is lacking and add in different grades of gasoline and you have a supply problem of refined gasoline. You can blame the demos and the envirowhackos for that.

But you three may go on with on with your uninformed and knee jerk statements.