Comments on: Oil Prices Reach New High

Cost Approaches $114 Per Barrel Aided By A Weakened U.S. Dollar

[downtowner97]

The Saudis send us the oil, and put the dollars in big warehouses on pallets. The only thing they buy from us is software (That''s why I live in Seattle, the place in the US where the software money goes).

When the US complains to the Saudis about things like airplane hijackers, teaching hate of Americans in public schools and death sentences for women who get in a car with a man she''s not married to, the Saudis can just threaten to trade those tons of hundred dollar bills for euros. They would transport the money to an EU country, say France or England, in a transport plane we gave them when we left their country completely at the request of Bin Laden. We''d be ruined in about 24 hours, as our money would be worthless, and the only way we''d be able to get our cars to move would be to tie donkeys to them Borat style. A large portion of every dollar you spend goes to Saudi warehouses, and most of the rest goes to an oil company board that has a private island waiting for them in Dubai.

Ever wonder why they are building all that fun stuff in Dubai? It''s a lifeboat for the people who are robbing us now so they don''t have to live among us when our economy comes tumbling down. Cheney has an island waiting for him there. I''d love to see a list of who else does.

[lochlan-2009]

jamesm12341

You are a moron!!! Keep up with the GOP misinformation.

[bgwinnett]

Cost Approaches $114 Per Barrel Aided By A Weakened U.S. Dollar

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Man, we really do need to get some bigger barrels and not tell the Saudis.

[lochlan-2009]

exactly half in all those? wow

No, more in some less in others, but approaching half for the majority of major currencies.

But what do you care?

[missingamerica]

The American Public has the right to cheap fuel.

Posted by Grim56Z at 10:46 AM : Apr 15, 2008

Gee, what are you trying to do - make the American people realize that much of this is just the Shrub''s and Cheney''s way of advancing the fortunes of those of their friends with unrecovered petroleum holdings in the United States?

lollll...you don''t have to try very hard - the API (American Petroleum Institute) has already begun rolling out commercials advancing your argument...

[oscarez]

Oh, baby I loveeeee it. My oil company stocks keep going up and the dividends keep rolling in. I love the Old USA. Happy days are here again.

[grim56z]

Middle East Nations set the price for oil. America imports petroleum from there. There is only one choice. This country must produce oil for its own consumption. Reducing the import from OPEC lowers their price. Why should Americans pay $4 or $5 dollars a gallon for gasoline? Petrol is abundant in the Western Hemisphere. U.S. companies are willing to drill right here to meet demand. The American Public has the right to cheap fuel.

[lochlan-2009]

Just $.10 away from the Euro doubling it''s value against the dollar since 2001, when Bush took office.
What does that mean the market worth for our 12,000 point dow is in Euros? British pounds? Canadian Dollars? etc.

That''s right half.

[missingamerica]

childish

Posted by jamesm12341 at 10:40 AM : Apr 15, 2008

Is that supposed to hurt my feelings, james?

Speaking of growing up, when are you going to grow up and understand that your words and opinions - even your very existance - do not matter even to those neocons and cannibalistic capitalists that you so staunchly defend?

Let alone people with morals?

[watcher269-2009]

President Bush often argues that history will vindicate him. So he can''t be pleased with an informal survey of 109 professional historians conducted by the History News Network. It found that 98 percent of them believe that Bush''s presidency has been a failure, while only about 2 percent see it as a success. Not only that, more than 61 percent of the historians say the current presidency is the worst in American history. In 2004, only 11.6 percent of the historians rated Bush''s presidency in last place. Among the reasons given for his low ratings: invading Iraq, "tax breaks for the rich," and alienating many nations around the world. Bush supporters counter that professional historians today tend to be liberal and that it''s too early to assess how his policies will turn out - And future historians may be conservative - and that means they will try and re-write history - kindof like they are doing NOW!

[missingamerica]

Thanks, georgie.

Our future''s so bright, I gotta wear shades...not.

[lochlan-2009]

"The G-7 remarks were seen as a warning by some analysts that the group may be contemplating an intervention that could lessen crude''s attraction as an inflation hedge and send it lower."

These people at will quite obviously have the ability to make markets move up or down, just as they did with the U.S dollar when the Bank of England, Bank of Japan, the Federal Reserve, etc. collaborated to make the dollar fall.

Remember the Fed interest rate at 1%? That was a dirrect assault on the value of our currency.

Remember the Fed pumping (printing) billions of dollars into the economny? That was a dirrect assault on the value of our currency.

Remember the Fed doing nothing to prevent the economy from slipping deeper into a recession except offer bail outs to the bankers that made the "unregulated" loans that put our economies housing market in its current situation?

If and when they want to turn things around in the U.S., they will.

[usmcvn2]

The born agains never read the book cover to cover. They learn a few verus'' and go around pizzing people off. And vote for fools'' to run the country.

"Round and round we go, where it stops, nobody knows".

"Keep your powder dry"

[fstop100]

Houston we have a problem!

[bogusbones]

aren''t we lucky to have such an economically astute administration leading us to ruin? as the traders and the oil companies continue to rape us, bush/cheney cartel continues to stand on the sideline and watch the pillaging. gotta love those two as naked, blatant capitalism ruins our country, starves our people and puts dirty, bloody money in the hands of a few. what did jesus say about the money changers at the temple? better go read your bible a litte closer georgie boy.

[spinster2]

I voted for Obama two times. He will not get my
vote again.
Posted by usmcvn2 at 09:47 AM : Apr 15, 2008
-----------------------------------------
Whether you vote for McCain or Clinton, that''s a smart choice. Obama backed these people 100 percent while McCain and Clinton refused to. Now the energy companies are behind Obama and the major news channels they own are behind him 100 percent. David Axelrod, Obama''s chief indian is a consultant for Exelon who''s donateing heavily to his campaign and is a major benifactor of the Cheney energy bill that even McCain wouldn''t vote for. Bush can''t pass ANYTHING by himself. Just google Cheney democrats and read the first article to see how they operate.

[usmcvn2]

parrot123 .....

True, price of oil is not Obama doing, but there are
other things.

Anyways, vote for Hillary, because Snow White and Cinderella want to get married.

[parrot123-2009]

I voted for Obama two times. He will not get my
vote again.
Posted by usmcvn2 at 09:47 AM : Apr 15, 2008

This is not Obama''s fault or his doing - it''s still your Repugs at work here. Whatever happenned to our reserves ?? Anyone ??? Cheers!

[spinster2]

We tried the big oil people and we see what it got us. Ready to try the big energy people?

Posted by Spinster2 at 09:39 AM : Apr 15, 2008
...........

Well, considering the other major choices...

...last I checked, there is no major electricity producing country that would be the target of invasion by an Obama administration.


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Posted by NAUcoming4U
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LOL, the war is only costing us a fraction of what we''re paying for oil. When Clinton wont vote for the Cheney lobbiest energy bill, no big deal, but when McCain bucks and refuses to vote for it red flags are everywhere. Next we find out freshman senator Barack Obama voted FOR it and now has an energy consultant running his campaign,,,well, I guess we really do DESERVE THE GOVERNMENT WE GET, or at least YOU DO.

[racam_us]

If Bush would just stop roaming around the world trying to find things that need his attention and start right here in this country with the greedy oil people, of which he is one, this would add to his legacy. He would still be the very, worst president in history but this would revise his legacy. He would be the worst president in history, however, he did something to control the price of oil. He did something for the people of the United States or does he even remember us.