Posted on 04/21/2008 2:29:36 AM PDT by dawn53
Oil prices have spiked to a record of $117.40 a barrel after a Japanese oil tanker was attacked in the Middle East, off the east coast of Yemen.
(Excerpt) Read more at breitbart.com ...
The tanker's operator says it was attacked by unidentified ship Monday off the east coast of Yemen as it was heading for Saudi Arabia. There were no injuries. But a report from Kyodo News agency said the vessel was leaking fuel after it was fired on by a rocket launcher from a small boat.
Anybody want to bet on what country's behind this?
The Congress and the Administration are sitting on their hands with deaf ears to the economy.
They are all trying to figure out how not to get caught like Spitzer and whose going to be in their pockets prior come Nov. w/ respect political contributions they get to keep when they leave office.
Iran sees the economic gains from controlling Iraq's wealth if the US pulls out. Then they'd have more oil than the Saudis.
The Dem controlled Congress is foaming at the mouth wanting to raise our taxes but are hesitant at this time because of the upcoming election.
In the meantime, Congress does absolutely nothing to ease the red tape to drill in ANWR or off our coasts. The Libs do not understand (nor will they even mentally entertain the thought) the best way to help the economy at this time is to cut spending, cut wasteful federal programs, balance the budget and put more money back into the hands of the people and small business.
The fact that the GOP is not beating the RATS/Libs blood raw over the price of gasoline and their historical and continuing blocking all efforts to drill, build refineries, etc., shows why they are the gutless/stupid party!
No Kidding.
If there ever was a time to get public approval and demand for drilling , this is the time.
The dims are loving every minute of this economic downturn and oil 'shortage'.
They've helped orchestrate it and the timing couldn't be better for them.
If you don't believe me, research the history of the southern fence on our borders and exactly its progress to this point.
Not only is the gov squelching info on this, they are purposely not building it at this time. My question is why?
I cannot believe there are not regulations in the financial sectors and real estate sector to disallow anything like the sub-prime fiasco to occur and all the CDO, etc. crap to have occurred.
That in of itself speaks as to what the government within our government has on its agenda. Still the states (especially NC) do nothing but suck up to the illegal aliens and support them with yours and mine tax dollars.
I think the politicoho's were banking on the economy growing on the allowed flood of illegals.
Yes, we can spend billions to beef up the Dept. of Homeland Security, however, we cant build 1100 miles of double fence with anti-vehicle crossing structures.
In WWII, it only took the US 9 months to dig and build a double 2ft diameter pipeline to supply crude from Texas to New Jersey with the technology back then.....the federal government is pi$$ing in our face when it comes to the southern border fence and the flood of illegal aliens and enforcing their own laws.
In NC, crime is skyrocketing with respect to the housing bust and the illegal alien labor force now out of work, but not willing to leave. 35% of Wake County's jail population is Hispanic.
Who is Iran?
I'll take "Troublemakers" for $600, Alex.
Yep, that’d be my guess too, especially since they seem to have been practicing for this sort of stunt using our naval ships as targets.
WW3 ... the hot shooting one... comin’ right up.
Bookmark.
That's happening on both sides of the aisle. Look at what happened when the 'Pubbies controlled both houses of Congress and the Whitehouse. Federal spending damn near doubled and we were "treated" to a host of new gubmint agencies and give-a-ways such as the Department of Homeland Security, the TSA and the ever costly Medicare prescription drug give-a-way. Meanwhile, other gubmint agencies (read boondoggles), such as Social (in)Security and Medicare continue their slide into bankruptcy just as millions of baby boomers reach retirement age and are expecting their bennies. Add to that the fact that either a Marxist Socialist (Hillary or Obama) or a Country Club Republicrat (McCain) will be the next occupant of the Whitehouse and the result is we're all screwed.....better batten down the hatches, mate. We're in for a very bumpy ride......
However, Iran won’t be able to enjoy the high prices too long, since their oil infrastructure is crumbling.
Good point, but I believe that Iran will be able to call on the expertise of Sr. Hugo Chavez and company for oil industry infrastructure support. That should solve the problem. :)
LLS
Thought you might like to read the following:
About one and a half years ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%
Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.25 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value
evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
America voted for change in 2006, and we got it!
Remember it’s Congress that makes law not the President.
LLS
IMO, the spiraling price of oil and the Bush Administration’s lack of an effective energy policy (other than environmentally-devastating biofuels support) amounts to an intangible tax increase on our reliance on government to solve all our issues.
Biofuels are having a devastating impact on world food markets and even the UN is admonishing all nations to eat food, not drive vehicles with it!! Much as I hate to agree with the UN, current studies of biofuels suggests that they are a bigger environmental disaster than burning fossil fuels.
As the cost of oil spirals out of control, the price of everything is going through the roof. So, while Rome burns, Nero (AKA Jorge Bush) fiddles. We are taking his administration’s (and Congress’) lack of action on this issue in the shorts and in the pocktbook. Bush got a lot of positive press from conservatives when he pushed to drill in ANWR but, when Congress pushed back and proved intransigent, he backed down. This is NOT leadership and it isn’t much different than Clinton’s leadership-by-focus-group.
At the current pace in his last term, Bush will rival Jimmuh Cahter as being one of the worst presidents in recent memory.
Personally, I'd rather see Duncan Hunter running or Fred Thompson, but that's not the case.
Oil tankers are a political and military target. Everyone of them should be outfitted with heavy weapons and a crew to operate them.
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