Terry Glenn is a cowgirl

No.

The big oil companies "scarcity" plan is working like a charm though...

"We are about out of oil..."

Uh huh... right.

Inflation plays it's part as well as the shrinking value of the dollar (which is worth apprx .01 of 1.00).

Fogbuster

So you think Geo Bush is worse than Hugo Chavez? Please feel free to go down and live in Venezuela for a few years. Tells us all about the new "workers paradise" of comrade Chavez, how much "better" it is than "nasty ol' Bushland"; Hugo might let you use the internet from down there. Maybe.


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"All that is required for evil to triumph is for good to do nothing."

Fogbuster

The big oil companies were selling gas to America at one of the lowest prices on the planet for 75 years; and, heck, America produced most of its own oil for the first 30 or 40 of those years. All of a sudden about 2 years ago, the world-wide price of crude shot through the roof. The oil companies have very little to do with that; the countries from which that oil originates DO control the price of crude, since most of these countries have "nationalized" the oil fields. Countries like: Saudi, Venezuela, Russia, Nigeria.

So, if you are looking for whom to blame, outwardly it is those nations which hold the oil in the ground and have purposely limited the supply; inwardly the U.S. has been asleep at the wheel for 75 years, believing that relations with oil-producing nations would always be copecetic. Short-term, idealistic thinking. And now we need to scramble to face a new reality.

One thing's for sure: the sale of muscle cars is going to drop out of sight, and the 1.3 liter car is going to hit America big-time, as it has been in Europe for fifty years. Bye-bye Corvette, Mustang GT.


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"All that is required for evil to triumph is for good to do nothing."

DarrylS

Common ground, simply said America is addicted to cheap oil... and does not want an intervention.

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

Fogbuster

America had its way for getting oil more cheaply than almost anyone else in the world -- primarily from Saudi/Kuwait/other ME sources -- but that all changed when Russia nationalized the petroleum fields, refineries, and sales in and around Kazakhstan. I lay most of the spike in oil prices at Putin's feet. He was behind the arrest and imprisonment of Mikhail Khodorkovsky, original owner of Yukos Oil, the largest of the petroleum companies in Russia. Khodorkovsky would not cow-tow to Putin's regime, and he is paying the price: imprisoned for 9 years, lost ownership of Yukos.

Russia's huge oil and natural gas reserves are among the largest in the world, and somehow they got to control the market price. I guess they told the Saudis/OPEC they would undercut them in price if they (OPEC) did not go along with the Putin's plan to astronomically RAISE the price of petroleum. Russia, unlike China, exports almost nothing else besides petroleum products, so it is the one and only cash cow. Oh, but they are leveraging that windfall into many other fields. Oil as an economic weapon.


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"All that is required for evil to triumph is for good to do nothing."

patsfan13

Not really it is more a result of economic growth world wide, especially as a result of growth of the Indian and Chinese economies. Supply/demand.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."