The classic Eastern stretch-and-break attack continues as a major terrorist strike will propel crude into the stratosphere. A year from now $62 will look like a bargain.
J
George W. Carter.
How the HELL do refinery outages raise the price of crude oil? If anything, that means refineries will be buying slightly LESS until the outages are fixed.
There's some serious manipulation going on here...
Read over the weekend via newspaper that CAFTA will result in US exporting billions in petroleum. Maybe the exporting will be temporarily stopped but I won't hold my breath. The American consumers are being gouged horribly so why in the world does the US oil companies and govt want to export petroleum to the central american nations when it could be used at home. Message to the oil companies and to the govt: charity begins at home.
So, what's the odds on this Abdullah guy? 81? Couldn't walk without Dubya holding his hand......
One thing about high oil prices; it replenishes the Saudi treasury.....helping them and their vital interests....
I don't know why King Faud's death would cause the price of oil to rise. If they plant him, he'll turn into oil eventually, thereby increasing the total supply and reducing the price, right? Well, yeah, granted it'll take a few hundred centuries...
The commodities speculators will use any excuse to bid up oil prices. 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. It would be so simple to do with computers keeping a tally on your driver's license number. Talk about a market crash! 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.
Maybe daddy Bush should get down on his prayer rug and offer prayers or something to hold down oil speculation.
Crude rising on King Fahd's death is absurd. He was worse off than Terry Schiavo. Abdullah has ruled for years.
People are going to be real annoyed when they can't afford gasoline and doughnuts at the convenience store anymore. At least if they choose doughnuts they will be annoyed at home instead of out in public.
They must be running low on half brothers and on years during which this generation can pass along the crown. Who takes over when the last of this generation dies? There must be hundreds of possible claimants and that is asking for a very messy succession.
About as real as any other reason.
Bush, Hell! It's CARTER'S fault.
ROFLMAO
the Sky falls ...
You have the breathless doom-n-gloom down to an art form!
George Soros is to blame!