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Dow Drops 101 As Oil Tops $61 Per Barrel
Yahoo ^

Posted on 07/06/2005 2:41:59 PM PDT by traumer

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1 posted on 07/06/2005 2:42:00 PM PDT by traumer
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To: traumer

Congress should quickly pass the Presidents energy bill, and quickly reduce our dependence on oil imports. The clean natural gas and coal resources of our western basins are unbelievable. At least $100 trillion dollars in natural gas, coal resources and oil reserves out there. With new refineries, it's a win-win scenario for the usa.


2 posted on 07/06/2005 2:46:52 PM PDT by FreeRep
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To: traumer

It's sure gonna be expensive for ole Chuckie Shuuumah to wage a war on the administration if the price of oil keeps a risin.


3 posted on 07/06/2005 2:48:29 PM PDT by shadeaud (Liberals suffer from acute interior cornial craniorectoitis)
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To: traumer
Calpine (CPN) dropped hard too, as did many stocks:

Calpine stock chart -- July 6, 2005

4 posted on 07/06/2005 2:53:49 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: traumer

This is getting stupid.

Almost $2.30 here in RI for a gallon of regular - this situation is slowly starting to get out of hand.


5 posted on 07/06/2005 2:53:59 PM PDT by ItsOurTimeNow ("Para espanol, marque el dos.")
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To: FreeRep
I couldn't agree more!!!

When you import 60% of ANYTHING that you use--what do you think that dependence will lead to price-wise?? And to think that most people are surprised and upset that oil is that expensive? Amazing!

6 posted on 07/06/2005 2:55:08 PM PDT by stockstrader
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To: traumer

A thunderstorm affects the price of oil. They used to wait and see if there were any actual damage. It's getting kind of antsy in the market of our civilization's lifeblood.


7 posted on 07/06/2005 2:57:33 PM PDT by RightWhale (withdraw from the 1967 UN Outer Space Treaty)
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To: stockstrader
When you import 60% of ANYTHING that you use

Don't we import over 60% of just about everything that we use.......When do we start lynching free traders?
8 posted on 07/06/2005 2:59:05 PM PDT by ARCADIA (Abuse of power comes as no surprise)
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To: traumer

Looks like the oil market is predicting a hurricane in the GOM.


9 posted on 07/06/2005 3:03:13 PM PDT by Nachoman
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To: traumer

I'd recommend building several oil refineries, and a few nuclear power plants as well, and open up the ANWR; but those are smart ideas, so no one in charge will pay attention/sarcasm off;)


10 posted on 07/06/2005 3:03:47 PM PDT by Frank_2001
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To: ARCADIA
When do we start lynching free traders?

Shoot the seven sisters first. They're the antithesis of a free trader.

11 posted on 07/06/2005 3:05:33 PM PDT by Freebird Forever (abolish islam)
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To: traumer

We will see our next recession in 2006. The economy can't buffer this winter with skyrocketing gas and heating bills. Discretionary spending is going to tank, but you won't see retailers really panic until they realize that Christmas sales are super low.


12 posted on 07/06/2005 3:10:16 PM PDT by mysterio
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To: ARCADIA
When do we start lynching free traders?

As soon as you can walk through a firestorm of .308, darling.

13 posted on 07/06/2005 3:15:00 PM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: ARCADIA
Let me clarify that..."when you import 60% of a product that is absolutely ESSENTIAL to your entire economy,,,,,"

Total dependence on a foreign supply of a product that your entire economy is completely dependent on,,,is much, much, MUCH different than importing discretionary items like clothes, autos, electronics, toys, etc.

14 posted on 07/06/2005 3:16:33 PM PDT by stockstrader
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To: ARCADIA
Let me clarify that..."when you import 60% of a product that is absolutely ESSENTIAL to your entire economy,,,,,"

Total dependence on a foreign supply of a product that your entire economy is completely dependent on,,,is much, much, MUCH different than importing discretionary items like clothes, autos, electronics, toys, etc.

15 posted on 07/06/2005 3:16:33 PM PDT by stockstrader
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To: stockstrader

oops...sorry about the double post.


16 posted on 07/06/2005 3:17:19 PM PDT by stockstrader
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To: traumer

When is ANWAR going to start up?????????/


17 posted on 07/06/2005 3:19:15 PM PDT by television is just wrong (http://hehttp://print.google.com/print/doc?articleidisblogs.blogspot.com/ (visit blogs, visit ads).)
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To: stockstrader

That is a very valid distinction. It will not kill us, it will just make us poorer.


18 posted on 07/06/2005 3:20:54 PM PDT by ARCADIA (Abuse of power comes as no surprise)
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To: television is just wrong
When is ANWAR going to start up?????????

About 6 months after oil tops out in the low hundreds.

19 posted on 07/06/2005 3:22:54 PM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: AdamSelene235
As soon as you can walk through a firestorm of .308, darling.

Beware of return mail... :-)
20 posted on 07/06/2005 3:23:05 PM PDT by ARCADIA (Abuse of power comes as no surprise)
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