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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    Bill Clinton: Drilling delays 'ridiculous' - Darren Goode - POLITICO.com

    of course, what can one expect from another administration the stated purpose of which is to bankrupt coal
    I just can't figure out why, when for 6 years the GOP had total power, they didn't do anything to make us less dependent on foreign oil.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    I just can't figure out why, when for 6 years the GOP had total power, they didn't do anything to make us less dependent on foreign oil.
    You find it political ??? what have the dem's done in the last 2 years?? Or the two years prior to that while controlling both houses? What are they doing now while still controlling 2/3 of the government ?

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    You find it political ??? what have the dem's done in the last 2 years?? Or the two years prior to that while controlling both houses? What are they doing now while still controlling 2/3 of the government ?
    The democrats have done as little as the republicans. The problem now is oil prices are soaring because of the devaluing of the dollar by Bernanke. It will only get worse as long as the FED is making our money worthless.

    One of the big reasons for high oil prices is the decline of the dollar. Since oil is purchased in dollars, marketed in dollars, sold in dollars, the 40% decline in the dollar in the last six years has caused a dramatic increase in the cost of oil. This increase in the cost of oil then produces an equally dramatic increase in the cost of gas. Lets do a little calculation here if the dollar has lost 40% of its value in the last 6 years that would not effect domestically made and bought items and materials much, but it would dramatically increase the cost of foreign resources i.e. oil. So in today's dollar for example gas is around $4 a gallon. Factoring out the decline of the dollar that same gallon of gas would be about $2.40 a gallon right now. The decline in the dollar helps in some ways the marketing of our products worldwide because it makes them cheaper, but in hurts us in the long run because it makes things we buy from foreign sources that much more expensive. Since we buy over 60% of our oil from foreign sources a devalued dollar is killing us at the pump. The cause of the decline of the dollar consists of many factors. One of the factors has been the poor fiscal policy of the federal government. The bloated budget deficits are a big factor. Another more prominent factor in my opinion is the poor monetary policies of the Fed. The rampant and rapid printing of more and more dollars is causing a crisis in high energy prices and if left unchecked this will lead to further devaluing of the dollar and hyperinflationism. Other more recent developments causing increases at the pump are the crisis's in Libya and the rest of the middle east.
    Last edited by USA_1; 04-16-11 at 02:44 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    I just can't figure out why, when for 6 years the GOP had total power, they didn't do anything to make us less dependent on foreign oil.
    politics

    but times are different now

    of course, so long as barack the slasher hussein occupies the white house, with his weirdo ideas about bankrupting industries and taxing commuters into pain...

    raising taxes on ENERGY at both ends, production and consumption, in the midst of a recession, is suicide

    ask the senators

    Senate Democrats urge White House to shelve cap & trade - National Environmental Headlines | Examiner.com

    John Rockefeller takes aim at EPA - Darren Samuelsohn - POLITICO.com

    Joe Manchin puts bullet thru cap and trade (VIDEO)
    Last edited by The Prof; 04-16-11 at 02:48 PM.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    Bill Clinton: Drilling delays 'ridiculous' - Darren Goode - POLITICO.com

    of course, what can one expect from another administration the stated purpose of which is to bankrupt coal
    on occasion a sitting president will say something stupid....and even more often while running for office...
    I might be willing to bet, tho, that he can never measure up to his predecessor...after his second term we can look back and see.

    As for the oil issue, my chief complaint is mideast oil. It makes presidents suck up to the Saudi Royal family. GHWB attacked Iraq on behalf of Kuwait and the Saudis. His son followed suit with even less excuse.
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    Re: Oil rises above $90 amid US crude supply drop

    there's one thing dearer to the neocon heart than oil, friend

    but we're drifting far out to sea

    stay up

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    Re: Oil rises above $90 amid US crude supply drop

    You need to look no farther than Obama's energy secretary

    Obama’s Energy Sec. wants $7 to $9 Unleaded gas prices | RedState

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Barbarian View Post
    You find it political ??? what have the dem's done in the last 2 years?? Or the two years prior to that while controlling both houses? What are they doing now while still controlling 2/3 of the government ?
    The Dems have made the largest investment in history for alternatives to our declining fossil fuels.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    on march 1, the gao found not only a full half trillion dollars of waste, most of it in the last 2 years, but also accounted that cap and trade would cost the american consumer an obscene two hundred billion per year

    or 1800 dollars per household

    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    and there's your slasher's solutions to ENERGY, writ large

    know the man

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    on march 1, the gao found not only a full half trillion dollars of waste, most of it in the last 2 years, but also accounted that cap and trade would cost the american consumer an obscene two hundred billion per year

    or 1800 dollars per household

    GAO Finds Massive Waste, Duplication - FoxBusiness.com

    and there's your slasher's solutions to ENERGY, writ large

    know the man
    GAO finds waste? the horror? the real horror is that it is an ongoing issue, has been for many decades, and will continue.
    I am retired military reserve. I had Tricare from age 60 to 65. I was using the local air force base.
    I have a 30% disability rating for PD that pays me about $420 per month. Because of that, I was automatically enrolled in VA health care and given an appt. for a physical, routine stuff like lab work and examination. I didn't ask for the appt. Part of that was an ECG. I had just had one at Luke AFB, my last one on Tricare as I am turning 65 and going on Medicare. but it wasn't acceptable to the VA, they had to have their own. No big deal, they are quick and easy.
    But that is just the start. I had a VA Benefits hearing exam to determine a disability rating on hearing and tinnitus, both very common among military veterans who were exposed to loud noises. THAT wasn't good enough to be used to prescribe hearing aids from VA medical. THey gave me a new appt 6 months out for another hearing exam. Get this, BOTH exams are done at the same place and by the same people, the VA hospital. I told them up front that the onlly reason I expected to use VA Medical is for the hearing aids, as the VA is the only place where it won't cost me thousands of dollars. Outside of that, I hope to never use VA Medical services.. I have Medicare A and B starting this month and Tricare For Life as my supplemental and my retired service status for free drugs (part D not needed). So far all I need is a couple drugs for the PD. They cost me nothing.
    But even tho VA medical and VA benefits are both run by the VA, they won't talk to each other any more than they have to.....
    Last edited by UtahBill; 04-16-11 at 07:33 PM.
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