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Crude now at $33.98 -- Drill, baby, drill!!

Discussion in 'Political Discussion' started by Fogbuster, Feb 12, 2009.

  1. Fogbuster

    Fogbuster Rookie

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    [size=+4]Oil slides toward multiyear lows[/size]
    Feb 12 02:54 PM US/Eastern
    By MARK WILLIAMS
    AP Energy Writer

    COLUMBUS, Ohio (AP) - Oil prices slid closer to a new multiyear low Thursday because of growing doubts that the $789 billion stimulus package will reinvigorate the economy and demand for energy.

    Retail gas prices, meanwhile, reached a new high for 2009 on Thursday and appeared headed back to $2 a gallon as refiners cut back on production.

    Light, sweet crude for March delivery tumbled $1.96, more than 5 percent, to [highlight]settle at $33.98 a barrel[/highlight] on the New York Mercantile Exchange. [highlight]The contract has closed lower every day this week. [/highlight]


    Oil slides toward multiyear lows


    God bless Geo W. Bush. He spoke, the market responded. Imagine if we had just left it all to Pelosi.


    :scared:


    :disagreement:


    :nono:


    :explative:


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  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    You are aware of this of course...


    Environmental Capital - WSJ.com : Don't Drill, Baby: Interior Department Halts Offshore Drilling Push

    Don’t Drill, Baby: Interior Department Halts Offshore Drilling Push

  3. Fogbuster

    Fogbuster Rookie

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  4. Holy Diver

    Holy Diver Rookie

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    #80 Jersey


    Have you looked at the 'market' lately?

    The only company doing fine is Exxon/Mobil.....


    gee I wonder why that is?
  5. Fogbuster

    Fogbuster Rookie

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    Obama's wonks can try to kill all progress in America, but the natives are getting restless and the Ouija board economics of the new administration may find some hard questions being asked.

    Thank God Geo Bush acted when he did last summer or the entire energy thing might have gone completely off the rails. We be buying oil from the Somali pirates as they poached every tanker leaving the Gulf.

    :nono:


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    Last edited: Feb 12, 2009
  6. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    are you on Earth?
  7. Fogbuster

    Fogbuster Rookie

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    Because they brought down the Twin Towers???? :rolleyes:


    Seriously, I'm just glad it's Exxon-Mobil -- though their triple-chinned chairman makes me feel ill to see him -- than some foreign company.


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  8. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    And the fogman got an athletic scholarship to Dartmouth...
    Rush Limbaugh belongs to a union.. Nixon was a great president if it were not for Woodward and Bernstein... see a trend here...

    :yawn2::yawn2:
    Last edited: Feb 12, 2009
  9. Fogbuster

    Fogbuster Rookie

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    Actually, I'm up on the space station doing a little maintenance on the com system.


    But I plan to be back down soon.

    Thanks for asking!!!

    :singing: ..................................:singing:


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  10. Real World

    Real World Moderator Staff Member

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    I paid $1.89 yesterday, so WTF?
  11. Fogbuster

    Fogbuster Rookie

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    That's right. Hockey, football, and track (440 and javelin). But .... shh-h-h..... it was "under the table". They actually scholarshipped me for my academic excellence and good looks!!


    :D

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  12. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    Word!

    it all makes sense now....

    If I were you, I'd stay up there for a bit. Things are pretty poopy down here. Give the rest of the crew a "whuddup!?" from me.
  13. Fogbuster

    Fogbuster Rookie

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    There you go!!! A lot better than Pelosi/Gore/Barney Frank/Chris Dodd's $4 a gallon, eh!


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  14. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Same here, 50 miles west.
  15. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    really?

    Energy Task Force much?

    Dick Cheney at all?

    ever?
  16. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Some people lie so much, they can no longer tell the difference... I suspect you may fall into this group.. did you email Rush??? You were so convinced he was part of a union..
  17. Holy Diver

    Holy Diver Rookie

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    #80 Jersey

    YouTube - We Like Sportz
  18. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    .........all it took was a Great Depression, a collapse of our banking system and the erasure of trillions of dollars of nest eggs for it to happen.

    But at least we've had two major tax cuts in the past 7 years and really low oil prices.

    Well worth it, eh?
    Last edited: Feb 12, 2009
  19. Real World

    Real World Moderator Staff Member

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    Apparently gasoline usage is up, causing the price to rise, despite the fall of oil. Hmmm....so why is gasoline scarce? It wouldn't be by design, would it? Nah...:mad:

    I hope this is investigated ASAP. I hope oil companies aren't purposely keeping gasoline scarce. I'll admit I didn't read enough, and that global usage could be higher, and refined gasoline production could have slowed, due to $140 oil/$4 gas. Still, it seems shady.
  20. Fogbuster

    Fogbuster Rookie

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    To put things into a little perspective: gas at the pump in England is $5.50 a gallon. That's not a misprint: $5.50 a gallon. And that's not a big change; it's been around that mark for years. Here in Lithuania, where we get our oil mostly from Russia, but also from U.S. companies, too, it's going for about $4 a gallon. Most of Europe is between the British price and the price here in the Baltics. Last summer when the U.S. price hit $4 a gallon, it was $10 a gallon in France, $11 in Turkey.

    So, $1.89?? Don't yelp too much.

    Think gas prices are high? Try $11 in Turkey - World business- msnbc.com

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