Oil prices pass $132 after government reports supply drop (Thanks to DemocRats, Moderates & Greens)

AP on Yahoo ^ | 5/21/08 | John Wilen - ap

[Gabz]

Sheesh.............

I feel your pain. Thankfully GS are over for us for the year, but we still have several weeks of softball left. Nearly 50 miles round trip 3 times a week for games and practice adds up fast.

[SoldierDad]

Thanks to DemocRats, Moderates & Greens .. and Speculators.

Bingo, we have a winner.

[AmericaUnited]

"Professional hedgers who sell their production forward have never sold as much future production forward as they currently have,"

Which means they don't think this party is going to last...

[RightWhale]

The prices can go anywhere they want and it won’t matter to the trucker so long as his clients will pay the rate. It’s hard to imagine a client refusing to pay fuel cost since he will have to anyway or go out of business himself. There was a price cap here until a couple years ago, but it lapsed and was not renewed, so fuel charges are being passed on down the chain to the ultimate customer.

[Lazamataz]

Not only that, but..........................

Radioactive Nazi Zombies!

[JamesP81]

I feel your pain. Thankfully GS are over for us for the year, but we still have several weeks of softball left. Nearly 50 miles round trip 3 times a week for games and practice adds up fast.

I drive 35 miles to work every day. Even in my little Nissan, that gets to costing some serious money. If they weren't so dangerous, I'd already have bought me a Honda Shadow cruiser bike for my work commute.

[AmericaUnited]

The oil futures are at $140 through 2012, so there’s no relief in sight.

I don't think you understand what that means. Two years ago, futures were $60 through 2010. Capiche?

[Gabz]

If I hear one more ignorant Demorat say high gas prices are because of “George Bush and his oil buddies” I'll put my shoe right in their A$$!!!

I'm with you on that. I am so sick of that crapola.

[JZelle]

I’m really getting screwed with the natural gas bit. $1.80 a therm. I think I’ll save money by hooking up my electric dryer.

How do they create electricity in your neck of the woods?

[Not just another dumb blonde]

My husband is an 0/0 and he said on his last fill up the pump stopped at $950, and he wasn’t full. There’s trucking co.’s going out of business so these stations are capping it. Maybe it’s more because the pump can’t compute the $1000.00 mark? I don’t know, but alot of smaller co.s are going out of business.

[verga]

I am so glad that Bill clinton did so much to end this by allowing us to drill in Anwar /sarc

Think anyone will ask the Hildabeast about this?

I'm just asking

[dirtboy]

If I hear one more ignorant Demorat say high gas prices are because of “George Bush and his oil buddies” I'll put my shoe right in their A$$!!!

All you'll do is kick them in the head.

[SoldierDad]

We have a planned Memorial weekend at a lake that’s up in the mountains two 1/2 hours from home. We will have to take two vehicles (Ford F250 diesel towing a 30ft 5th wheel and a 5.9liter SUV towing a 17 1/2 foot fiberglass boat). I’m going to have to take out a loan from the bank for fuel I think.

[SouthTexas]

Here comes price controls!

And it worked sooo well the last time they tried it. Guess everyone has forgotten that though.

[StormEye]

"Something has to happen; it’s reaching critical mass. Am I wrong here??

No, you're not.

[Gabz]

I drive a pretty efficient Ford Escort, and only do 16 miles round trip for work but it is still taking its toll because I only work part time.

I understand your concern about the cruiser bike for commuting, I wouldn’t dream of such a mode of transport around here either.

[netmilsmom]

>>Don’t forget to take your jugs of ice. ( inside joke )<<

I filled the freezer that day with our months worth of food. Took out the 1st jug and put it on top.

Hubby looked at it two days ago and said, “What’s this?”

After relaying the story, he said, “Pure genius!”

[glide625]

“Thanks to DemocRats, Moderates & Greens .. and Speculators.”

The Speculators? Yea, but you don’t think for one moment that the awsome tactically and militarily brilliant move on GW’s part of invading Iraq when Sadaam could have been bought for 1/100th the price after a little shock’n awe bombing has anything to do with this? Give me a break!

[stockpirate]

The reason oil is up is due to the devalueing of the dollor. Cheap credit combined with a devauled dollor and no increase in supply are the cause.

Speculators are only buying because the market indicators show the dollor getting weaker so oil will increase.

To devalue the dollor the Fed increases the M3 money supply.

When the Fed stops increasing the money supply, thus inflating prices and raises the prime we are in this hypr-inflation cycle.

[Zuben Elgenubi]

I posted this article to front page news and left for lunch. I come back and my post is gone, replaced by yours. What’s up with that?