Posted on 03/17/2005 1:49:02 AM PST by HAL9000
ALARM - the crude in New York crosses 57 USD for 1st time of its history
LONDON - the course of oil crossed Thursday during the electronic exchanges in New York the bar of the 57 dollars the barrel for the first time of its history, climbing to 57,01 dollars the barrel.
You're BSing me...
3.15 for premium?
Thank you DNC and the environmentalists!!
I hope these prices can't hold. Aren't there a host of technologies that become economical in the 35 to 40 dollar per barrel range? Tar sands and shale oil spring to mind.
...and Dubya.
There may be some "conservative" Republicans who support keeping high taxes on gasoline.
Thank you GWB and your weak dollar policy.
I believe also hybrid cars could have a huge impact. If prices rise people will change their habits, like buying 2 ton pickups for commuting to an office job.. And demand the car manufacturers increase mileage.
The dollar is going down because of the twin deficits and will continue to do so.
There is nothing to stop it.
BUMP
We are paying under 2.00 dollars a gallon here.
I heard some of the dims limp responses to the senate vote. People actually voted for these idiots.
Oil has gone up to 57 dollars a barrel on the world market not the US market. How can this be blamed on Bush?
America does not set the price for the whole world. Of course gas has gone up in America, but it has gone up the same amount all over the world. Dont Thank Bush for that Thank the assholes of Opec that raised the price.
If you think we are hurting at $2.00 a gallon How hard is Europe hurting at 3 and 4 dollars. This is an Opec war on the world , not the USA.
Low expectations, that's what Bush's domestic policy is.
Reagan and even moron Carter started drilling and exploring in 1980-81. Bush sits on his hands.
The Russians, and America's other oil enemies are getting rich. Not a wise policy.IMO
WTH are you talking about. Carter put price controls on domestic oil thus putting a damper on exploration and the envirowhackos and their democrat friends are always stonewalling any new exploration.
Clinton vetoed exploration in ANWR 10 years ago, while the demos in the Senate have stonewalled Bush's energy policy.
Carter figured it out somewhat at the end of his term. Sen. Stevens has been griping this week ,during the ANWR debate, about how even Carter had agreed to some drilling up there in that nature sactuary. Reagan sent American to explore in South America in 1981.
Bush needs to break the logjam. That's what leaders do. Violate the dang Constitution like Clintion did with the Executive Orders, if necessary. Fire up a storm, threaten dems, embarrass them.
High oil is bad foreign policy and bad for the US economy.
During the week ended March 11, production of gasoline and distillate fuels declined as a slew of facilities went offline for maintenance ahead of the summer driving season.
In a report Monday from the Oil Price Information Service, chief oil analyst Tom Kloza said late March would represent the "highest concentration of idle time for units that specifically make gasoline. The peak of downtime for fluid catalytic cracking units [or FCCs] will occur as early as next weekend, but the final work on some U.S. plants won't be concluded until May, OPIS sources say." Market watch
By no means is this the only reason,the need for these stupid summer blends that states have demanded lead to higher costs due to transportation and change over times at the refineries but a certain amount of the pricing is based on intangibles with no concrete basis of facts.
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