Weak Dollar May Account for 40% of Oil Rise

[One Eyed Cat]

http://www.politico.com/news/stories/0608/10940.html

I almost agree with Nader at this point. Bush/Cheney should still be impeached (albeit on improper use of the executive) or simply imprisoned for treason. Calling for tax cuts is a bad joke at this point, get ready to pay for your masters' yachts.

OEC

PS: Never thought I'd say something like this, but I believe nationalization of the oil industry may be in the country's best interests.

[drewblood]

i dont see the point of tax cuts.

oY!!!!!!

[Bikerpunk]

They make the rich richer, duh.

[drewblood]

dont see....one eyed cat.... you pickin up what i'm layin down?

[One Eyed Cat]

dont see....one eyed cat.... you pickin up what i'm layin down?

Certainly. The bills came due though. I'd change the tax code considerably, but this Bush bullshit has really cost us. No offsets in spending + weakened dollar from trade deficit.

[drewblood]

no, i made a joke damnit... cant see cause the fucking cat only has 1 eye. what's wrong with you people lol.

Obama wont have tax cuts will he? I already told some cute chick I like that I'd vote for him.

[One Eyed Cat]

no, i made a joke damnit... cant see cause the fucking cat only has 1 eye. what's wrong with you people lol.

Obama wont have tax cuts will he? I already told some cute chick I like that I'd vote for him.

What was the photo? It didn't show up except as a ? thing on my comp. Obama won't have tax cuts beyond maybe a few coins for the working class. He'll eliminate Bush's.

OEC

[Bacchus88]

http://www.politico.com/news/stories/0608/10940.html

I almost agree with Nader at this point. Bush/Cheney should still be impeached (albeit on improper use of the executive) or simply imprisoned for treason. Calling for tax cuts is a bad joke at this point, get ready to pay for your masters' yachts.

OEC

PS: Never thought I'd say something like this, but I believe nationalization of the oil industry may be in the country's best interests.

that maybe right OEC, 40% the another 60% might because of Government getting in the way or more demand with less supply to meet those demands. With shortage that would drive of up the price on anything

Nationalization is never in the best interest of people. Free Market is in the interest of the people.

Oil is based pricing is based on the US, has been forever. The lowest oil prices come from Oil producing nation. US can become an Oil producing nation, only if the Government or Democrat House and Senate would allow drilling on US soil. Not only drilling, but mine of the large reserves of oil shale. Why is there 150 mile no drill off our own coast lines? when China and Cuba are both drilling just 70 miles off our coast.

Free market most stay in place. But the production of Oil has gone down globally.Simple supply and demand people... Oil production has not increased since 2005, but the demand on oil has with China and India coming into the market. With oil being based on the US dollar, and dollar being weak will raise prices. Another Fact the US has not build refinery in 30 years would be another problem. I believe in protecting the Environment, but still we need to move forward. We do both we drill and in managed way and still protect those caribou
.

If the US goes online and becomes an oil producing nation, that would relieve world demand. lowering the price of oil. We start pumping it out of million barrels a day. That Million would help to off set our own needs from the Arab oil.



Get rid of the IRS, National Sales Tax across and the would make everyone pay rich or poor, Drug dealers, illegals, business owner what have you.

McCain 08 he is democrat... but he isnt as far left

[Mr Karl]

nationalize oil...............are you insane?

[One Eyed Cat]

nationalize oil...............are you insane?

Should oil be considered a strategic resource, you'd have to consider it. The U.S. is actually sitting on more oil than Saudi Arabia. Most of it is beneath public lands. It's not a matter of economics or even if I want it to happen. I think it does become a national interest at some point though.

OEC

[One Eyed Cat]

that maybe right OEC, 40% the another 60% might because of Government getting in the way or more demand with less supply to meet those demands. With shortage that would drive of up the price on anything

Nationalization is never in the best interest of people. Free Market is in the interest of the people.

Oil is based pricing is based on the US, has been forever. The lowest oil prices come from Oil producing nation. US can become an Oil producing nation, only if the Government or Democrat House and Senate would allow drilling on US soil. Not only drilling, but mine of the large reserves of oil shale. Why is there 150 mile no drill off our own coast lines? when China and Cuba are both drilling just 70 miles off our coast.

Free market most stay in place. But the production of Oil has gone down globally.Simple supply and demand people... Oil production has not increased since 2005, but the demand on oil has with China and India coming into the market. With oil being based on the US dollar, and dollar being weak will raise prices. Another Fact the US has not build refinery in 30 years would be another problem. I believe in protecting the Environment, but still we need to move forward. We do both we drill and in managed way and still protect those caribou
.

If the US goes online and becomes an oil producing nation, that would relieve world demand. lowering the price of oil. We start pumping it out of million barrels a day. That Million would help to off set our own needs from the Arab oil.



Get rid of the IRS, National Sales Tax across and the would make everyone pay rich or poor, Drug dealers, illegals, business owner what have you.

McCain 08 he is democrat... but he isnt as far left

The vast majority of oil is on lands and territorial waters owned by the US govt. ANWR is a trickle compared to what is in US offshore waters and in the Dakotas and surrounding states. Do you really see the government just letting big oil drill given the circumstances? Agree on the IRS

[Bikerpunk]

And in other news, the BBC reports that billions have gone unaccounted for in Iraq, including PALLETS of US cash weighing MULTIPLE TONS that simply "went missing".

[Bacchus88]

The vast majority of oil is on lands and territorial waters owned by the US govt. ANWR is a trickle compared to what is in US offshore waters and in the Dakotas and surrounding states. Do you really see the government just letting big oil drill given the circumstances? Agree on the IRS

One Eyed Cat,
I would rather see Big Oil drill for than the US government. You know bad the IRS, now image those people trying to drill for oil. That would cost you and me more either in taxes or something else. The Big Dig, in Boston there would be major exp. of government screwing things up! The government is not the answer most of the time. Let private business held this! I have no problem with someone make profit, for what they sale. I am business owner as well, I do not want government coming in taking my profits that I worked for. Lets give those profit to some slob, that lives of the government has work a day.... Hell No, those profits are mine and I decide what in hell i want to do with them.

I see your point, but big oil isnt the problem. The problem happen 30 years ago when we stopped producing and refining our own oil. Me and You both agree there is a way go about the drilling that would do little to effect the environment and help to get us out of this mess all at the same time. The fact about offshore isnt really the Environment its those people who would think they would see an oil rig from shore. When it is 20 miles out, yet again FL screwing something up. I believe it should be up to the state, not the feds to decide if they want to drill or not.

There can be a way to solve this problem where both lines of think are happy. Happy medium, where business can go on and environment is protected. With Oil rigs off shore it does help the wild life as it act as reef. As Olix works for Rig industry he can tell you they are safe, safer than it was 30 years ago. I am all for going green, but can not be done overnight. So there where, both side right or left have agree on something to help move it forward without doing either side harm.

What pissing me off the most is that people that are going to be voting have no clue about what the issue are. The dumb mass, could not tell what this nation is Republic or democracy. I have people working for that are a few years younger than me. I ask them what June 6th, and December 7th.. they had no clue?

I am just above average or do I care to much... Doesn't really matter which side wins, we screwed either way. I am starting to think I need to get myself into politics or just shut up and eat the shit they feed the rest of America.... Voting isnt a right it is an ability to do so! Have IQ test at the polls.. Have question about our Nation history, if they can get at least 60% right let them vote.

Biker,
you are right, they give someone 18 million cash and the government doesn't even know his last name. What Bush has done, phffttt to me as Conservative.

You have communist on side or the Democrat in Drag posing as republic on the other side. maybe i need to move to iceland, greenland, norway... or just switzerland...

[Cafe_Post_Mortem]

We haven't exactly tied the hands of oil companies.

For every place we don't let them drill, they get about a billion in tax breaks.
While they complain about the inability to build more refineries, they shut down refineries and limit production.
An while the oil companies blame the rise in demand, they fight efforts to reduce demand.

Companies only care about profits. No matter how much we give them, prices will rise because their job is profit. Why give them corporate welfare when they give us nothing in return?

[One Eyed Cat]

Yeah, I don't remember much coverage of D-Day (was also technically the 40th anniversary of RFK's death this year). I have cable now for the first time in years. Was it even on? 12/7 is also my b/day

OEC

[One Eyed Cat]

We haven't exactly tied the hands of oil companies.

For every place we don't let them drill, they get about a billion in tax breaks.
While they complain about the inability to build more refineries, they shut down refineries and limit production.
An while the oil companies blame the rise in demand, they fight efforts to reduce demand.

Companies only care about profits. No matter how much we give them, prices will rise because their job is profit. Why give them corporate welfare when they give us nothing in return?

Check out the farm bill also. We're subsidizing agribusiness at the expense of the small farmer. $300 Billion.

OEC

[Bacchus88]

Check out the farm bill also. We're subsidizing agribusiness at the expense of the small farmer. $300 Billion.

OEC

Farm bill is joke, about as bad as the deal with the US giving 18 million to someone we do not know.

Right now with a weak dollar, Farmers are making more money than they have in the last 40 years. Exports are big business for farmers, we are or were the largest producer of wheat and corn. This bill is nothing more than government spending.

That why it is more import to vote for the house and senate. Because these people make these spending bills or they can block bills. This people will effect your life more than the Pres. will.

[Bacchus88]

We haven't exactly tied the hands of oil companies.

For every place we don't let them drill, they get about a billion in tax breaks.
While they complain about the inability to build more refineries, they shut down refineries and limit production.
An while the oil companies blame the rise in demand, they fight efforts to reduce demand.

Companies only care about profits. No matter how much we give them, prices will rise because their job is profit. Why give them corporate welfare when they give us nothing in return?

Give us nothing in return, not really its all on how you invest. I am getting return from these same companies you are damning. I have no with them making profit, I even hope they make even bigger profit. More than just 8% net profit

well that is what companies do they make profits for investors, shareholders or board members. Where do you think 401ks and other retirement funds invest the money in. Hmm let think companies that are doing very well which happens to be big oil or other energy companies.

As a small shareholder, I am getting back something in return because of there company doing so well. My retirement fund is link to these companies through investments and many other people world wide are doing the same thing.

[Bacchus88]

Yeah, I don't remember much coverage of D-Day (was also technically the 40th anniversary of RFK's death this year). I have cable now for the first time in years. Was it even on? 12/7 is also my b/day

OEC

I have HDTV that I never turn on because I see pointless to have it. Because I have computer, news, porn, games, research, music.... its one stop shop

[Bikerpunk]

well that is what companies do they make profits for investors, shareholders or board members. Where do you think 401ks and other retirement funds invest the money in. Hmm let think companies that are doing very well which happens to be big oil or other energy companies.

Your companies ain't doin shit.
That's why your 401k types are investing in the commodities market, let me guess, leveraged, too.

[Mr Karl]

well. our dollars pretty good up here but gas keeps going up

bilderbergers....................and rothschilds

[Bacchus88]

Your companies ain't doin shit.
That's why your 401k types are investing in the commodities market, let me guess, leveraged, too.

is there something wrong with that Biker? I have always invested with energy companies, regardless what it maybe. Energy is what drive the world, it is always needed. I have always thought energy was the safest and steady thing to invest into. Leverage do not have enough stock for that! if you think I jump on this ship right now because of matters. Your wrong I took a risk back in 2000 with investing into oil. When the price of oil were low, and no had clue that oil was going to turn out the way it did. what was the big hip then .com and IT stock. So when with something steady... and easy...

We all forget, what other things are made from oil? take look around your home I am sure you can find some plastics, when you stop and think about that. Gas and oil seem less important. Plastic and other chemical compounds that are made from oil that makes our lives easier.

[One Eyed Cat]

I have HDTV that I never turn on because I see pointless to have it. Because I have computer, news, porn, games, research, music.... its one stop shop

Yah. I have a 37" Dell LCD/HDTV. It is cool for streaming some video. I need to find a proper conversion now that I just have an apple lappy. I just have tv as it came with the place I moved to after the fire at my old house. 2 weeks and I'll be chilling in another underground flat in an old MPLS mansion. TV has been good to have for a bit though. I have it so rarely, I often miss pop cultural references. I see what's being imprinted on the mass skull now. I managed not to shoot it.

OEC

[Bikerpunk]

is there something wrong with that Biker?

Yes, there is.

$5 a gallon at the pump, cause some baby boomer wants to buy oil for $120 and sell it for $130, jacking it up $10 a barrel for no reasonable reason than "I'd rather my money work for me, than me work?"