Posted on 06/22/2004 6:31:13 AM PDT by Constitution Day
Great tag line
I think Bush WILL wait until after the election. Then, watch the gloves come off!
Really? Extra production that was not online at $40 is suddenly going to appear? On what planet do you live my friend?
The only country to keep spare capacity is Saudi Arabia. In countries in which the free market functions appropriately, spare capacity is just wasted investment. There is none in any of the places you mentioned. Only additional investment and 5 to 10 years of construction will bring more on line. And now, even the Saudis are pumping at nearly full capacity. Don't make ridiculous and utterly nonsensical statments.
Bush can't preemptively attack Iran right now - he would lose the election if that happened, the base would stay with him, but that's not enough to win, the independents would all go to Kerry.
US troops aren't leaving Iraq any time soon.
those "massing" iranian troops don't concern me at all, if there is anything we know with certainty, is that our military can decimate any standard military formation on the battlefield. we have problems with street fighting, IEDs, etc.
That's one beautiful shotgun.
Pong
Can someone please explain to me why the US rig count went down 16 rigs last week? And I'm not talking about Canadian rigs that do not work during the late spring and summer.
...well, maybe through 3rd parties or other back door channels?
Where is this at, it certainly isn't in AZ where prices still hover around $2.00 a gallon.
We have an Energy Information Administration.
Great source.
-Thanks-
I agree with you it's a silly article, but even I doubt the Brits laying motion detectors in the Shatt al Arab. The Iraqi oil terminals are not in the Shatt al Arab, they are a fair distance offshore, where the water is deep enough for VLCCs to approach. If the Iranians really wanted to launch an attack of some sorts against the terminals, they have plenty of coastline that belongs exclusivly to them. No need to use a waterway that they only control half of.
If oil went to $60 a barrel, alternate energy sources become very appealing, like coal gassification and natural gas powered engines. I'm far more concerned about insane Islamism acquiring a nuke ... and Iran is cooperating with Osama and al Qaeda at every opportunity.
If you'd like to be on or off this middle east/political ping list, please FR mail me.
bump
"That translates into $5-$6 a gallon. President Bush may be looking for another job in November if he doesn't nip in the bud Iranian efforts to jack up the price of oil and destabilize the Middle East fast."
Um.... at $40 a barrel, gas is at ~ $2 a gallon.
Linearly, $60 a barrel would be $3 a gallon.
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