BTW, Cnooc Ltd. (CEO) is trading up over 7% in the US market.
Pelosi and Reid could use a lesson in Capitalism from their commie friends.........
More nails in Marx’s coffin.
Don’t blame the Democrats. Stop blaming the Democrats.
It’s ALL of us.
Each and every STUPID, STUPID, STUPID (did I mention: stupid?) American who voted for every ENVIRONMENTALLY CORRECT dem and rino.
We are ALL to blame.
Too bad STUPIDITY isn’t a priced commodity. The USA would be the Saudia Arabia of STUPIDITY exports. We could build huge STUPIDITY pipelines. We could fill fleets of tankers with our STUPIDITY. Our STUPIDITY exports would satisfy the demand for the entire world.
We really are (and I hate to say this because it means my own demise too) TOO STUPID TO LIVE.
Finally China has eased the price controls on gas. That should trigger a spike in inflation (above the nearly 9% inflation they’ve been experiencing), and weaken demand for oil. It will also make Chinese exports more expensive, helping shrink our trade deficit.
The Bush administration’s weak dollar policy is finally paying dividends.
As the dollar rebounds, watch the price of oil pull-back to the low $100 range.
btt