Posted on 04/21/2006 10:46:54 AM PDT by Rutles4Ever
SAN FRANCISCO (MarketWatch) -- Crude-oil futures climbed to a high of $75 per barrel Friday for the first time ever for a front-month contract on concerns about tensions surrounding Iran's nuclear activities, violence in Nigeria, and tight U.S. supplies of unleaded gasoline. June crude was last up $1.26, or 1.7%, at $74.95 per barrel. "We often see this sort of short covering in a record-setting bull market ahead of a weekend, since nobody is sure where we may be Monday," said trader Kevin Kerr, who is also editor of MarketWatch's Global Resources Trader.
Never let 'em see ya sweat!
Restaurants will be the hardest hit. People will stop going out to eat, you get two for one that way.
Just imagine if Saddam was still in power and still receiving his cut of the Oil for Food revenue.
The more we've still got in the ground, the more we'll have later.
"What, they want even MORE profits?..."
Good job for falling for an age-old brainwashing technique.
Here's a question. If they lumped profits into the crude oil percentage would you be even more outraged?
Getting tired of folks like you who expect companies to give their products away for free.
Good day comrade
You may not be doing so personally, but right now the Democrats and the environmentalists, by shutting off all barriers to new entrants in the oil industry, are your best friends.
What? You mean John D. Rockefeller isn't still sitting up there on the sunny side of the street, rolling dice and looking for boxcars to make it an even $12 per gallon of gasoline?
Thanks for this link.
Add to the price we pay in Ca are the special blends to meet some stupid clean air bs. So special that the gasoline can't be distilled in other states for competitive prices.
When they were separate companies, it was a duplication of manpower - how would that save anyone money? And when oil prices were in the dumper, they had to pare back or go broke. They merged to survive, not to stifle competition. Oil is a commodity.
You and me both. About 11am on 9/11 I thought to myself, "Thank God that this is the end of political correctness."
Boy, was I a dumb ass.
I do not expect any company to give products away for free.
But you can't sit there and expect me to be stupid enough to think for one minute, that too many people and politicians are not profiting WAY more than they should over this oil situation.
Paleeze. I'm only being "realistic".
Just make some cars with coaxial axles that generate electricity in the same way as hydro turbines. Do the same with the drive shaft too. They're all turning most of the time unless you're stuck in beltway traffic. Or has that already been done? I seem to remember hearing about one hybrid car that recharges when you brake but nothing in the way of how it generates power. Maybe raise the driving age to 18 too, but I doubt parents want to drag their kids everywhere when the kids could do it themselves.
.
U.S. NATIONAL DEBT CLOCK The Outstanding Public Debt as of 21 Apr 2006 at 07:21:43 PM GMT is:
The estimated population of the United States is 298,560,815
so each citizen's share of this debt is $28,056.90.The National Debt has continued to increase an average of $2.19 billion per day since September 30, 2005!
Then I take it you have read and understand "him" ... (L.R. Raymond's) contract and think because of it, gas prices are skyrocketing?
"Let's face facts. With the government-approved mergers of big oil companies, competition is dead. The oil companies are no different than the federal government. One raises taxes. The other raises prices."
Competition to do what? Pay the market price for a barrel of crude? Competition to build refineries that are cost prohibitive in the U.S.?
Your solution would be?
The only correct thing I have read today.
I felt the same way very soon after 9/11.
We have learned nothing. We have not changed many of our weak ways, and we are just asking for trouble for years to come due to lack of blood, tears, toil and sweat on the part of our "leaders" who really are a bunch of disgusting slobs who are in a race to bring this country to the bottom as fast as possible.
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