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Oil surges as Saudi king dies, refiners struggle (Crude now $62 and rising)
Reuters Canada ^ | August 1, 2005 | Simon Webb

Posted on 08/01/2005 10:34:42 AM PDT by Jomini

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To: lilylangtree
Read over the weekend via newspaper that CAFTA will result in US exporting billions in petroleum.

What crackpot newspaper do you subscribe to? That's absurd.

61 posted on 08/01/2005 3:56:28 PM PDT by Dog Gone
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To: Finalapproach29er

nonsense


62 posted on 08/01/2005 3:57:02 PM PDT by atlanta67
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To: lilylangtree

the price of oil is determined by world markets, exporting to central america or anywhere else doesnt effet oil prices.


63 posted on 08/01/2005 3:57:53 PM PDT by atlanta67
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To: Eric in the Ozarks

in the longer term, beyond 18 months to 2 years, high oil prices are good for the US economy.

even the worse oil shock which was 1973 didnt hurt the economy for more than 2 years. By early 1976 the economy was growing at 4% and unemployment was on the way down from 9% to 7%. Too late for Ford.

In 1973 the US consumed nearly 20 million barrels of oil per day, the same roughly as today.


64 posted on 08/01/2005 4:01:39 PM PDT by atlanta67
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To: kittymyrib; Eric in the Ozarks; SierraWasp; Dog Gone
"I'd be delighted to have played a part in the war on terror by putting the Saudis and the oil speculators out of business."

FACT: 90% of lower 48 production is found by independents like myself. You wanna put about 500,000 people out of work.

You REALLY want to make a difference? Start attcking the Sierra Club, Natural Resources Defense council, et al. They are far more responsible for lack of supply (the MAIN reason prices jump) than any other factor.

You don't like speculators, then write your Senator and PLEAD with them to nationalize the business. Nothing like a gov't run program to show success.

65 posted on 08/01/2005 4:05:36 PM PDT by BOBTHENAILER (One by one, in small groups or in whole armies, we don't care how we do, but we're gonna getcha)
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To: Jomini
Saudi King dies. Price of oil increases.

George Soros is to blame!

66 posted on 08/01/2005 4:13:00 PM PDT by Doe Eyes
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To: Finalapproach29er

What's next? This?
http://www.iaus.com/


67 posted on 08/01/2005 5:07:39 PM PDT by RazzPutin ("You have told us more than you can possibly know." -- Niels Bohr)
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To: BOBTHENAILER

Well said. Its tough to explain that gasoline (based on the dollar's value) is still cheaper today than 1976/77.


68 posted on 08/01/2005 5:40:48 PM PDT by Eric in the Ozarks (Scratch a Liberal. Uncover a Fascist)
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To: Eric in the Ozarks
You're absolutely right, but remember... Carter had everything so screwed up that we had a misery index in those days!!! So even though you're correct, it ain't sayin too much based on THAT comparison.

I like BOBTHENAILER's take on this the best, followed immediately by Dog Gone's!!! Them boys knows whut they's tawlkin 'bout!!!

69 posted on 08/01/2005 5:50:41 PM PDT by SierraWasp (Iraq! Our exit strategy is... VICTORY!!!)
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To: Finalapproach29er; Dog Gone; Grampa Dave; BOBTHENAILER
Check out the list following the "HAPPY DAYS ARE HERE AGAIN" headline

You have to be completely out of your gourd to compare this 2nd phase of the 2nd Bush Presidency with the horrendusly failed Carter maladministration!!! Get a grip, will ya???

70 posted on 08/01/2005 5:58:49 PM PDT by SierraWasp (Iraq! Our exit strategy is... VICTORY!!!)
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To: kaktuskid
If I were the President, I'd announce this week that we are in war time and will start rationing gas to x-number of gallons per driver starting Sept. 1.

Why yes, let's let the mighty government decide how much gasoline I need. What a splendid idea straight out of the far left handbook.

Heck, you don't need to go see Grandma this weekend. Or if you do, please submit Form 19838-QP stating why and wait six months for your rejection letter.

71 posted on 08/01/2005 6:05:55 PM PDT by Dog Gone
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To: Eric in the Ozarks

"Just kiddin !"



Boy, I feel like a ditzy blonde. ;)


72 posted on 08/01/2005 8:11:33 PM PDT by imskylark
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To: Eric in the Ozarks

you nailed it.


73 posted on 08/01/2005 8:33:40 PM PDT by BOBTHENAILER (One by one, in small groups or in whole armies, we don't care how we do, but we're gonna getcha)
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To: SierraWasp

$62 for a barrel of oil? This is madness.

A few years ago it was $18/bbl.

When I say it is tough for me, and a free-marketfanatic tells me to take a bus, I get upset.

Gas should be available at a reasonable cost. I also don't like giving these mutts my American dollars. America needs to start kicking ass with new technology, and leave these maniacs in our rearview mirror.


74 posted on 08/02/2005 12:15:00 AM PDT by Finalapproach29er (America is gradually becoming the Godless,out-of-control golden-calf scene,in "The Ten Commandments")
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To: Finalapproach29er
"Gas should be available at a reasonable cost."

Wull... Even dumb ol Jimmah Carter was smart enough to have once said: "Life is not fair!" As I said "Get a Grip!"

75 posted on 08/02/2005 8:23:11 AM PDT by SierraWasp (Iraq! Our exit strategy is... VICTORY!!!)
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To: Finalapproach29er
$62 for a barrel of oil? This is madness....

I'll give you the benefit of the doubt and assume that you're not just interested in whining and complaining (please correct me if I err).  Let say you believe something's wrong and you're interested in doing something.  

It sounds like you believe that oil is over priced.   OK, market prices vary and in a market economy people who think something's over priced can join in meeting demand.  If they're right they get rewarded.

You interested, are you just whining, or what?

76 posted on 08/02/2005 11:30:33 AM PDT by expat_panama
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To: expat_panama

I think $2.39 for gas is truly hurting this nation.

Is this problem really unsolvable?


77 posted on 08/02/2005 12:55:35 PM PDT by Finalapproach29er (America is gradually becoming the Godless,out-of-control golden-calf scene,in "The Ten Commandments")
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