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

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    Oil rises above $90 amid US crude supply drop

    SINGAPORE (AP) -- Oil prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.

    Benchmark oil for February delivery was up 19 cents to $90.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 45 cents to settle at $89.82 on Tuesday.

    Oil rises above $90 amid US crude supply drop - Yahoo! Finance

    Here we go on our way to another manufactured crisis from Obama, and the radical leftist in this country.

    I hope we last two more years.


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

    3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

    Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
    Last edited by Captain America; 12-22-10 at 10:58 AM.

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

    We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

    Stupid.

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

    Quote Originally Posted by Captain America View Post
    3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

    Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.


    How would you think it would lessen when Obama's stated goal in the campaign of '08 was exactly this?


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

    I didn't know that Obama had the power to set oil prices....or manufacture a crisis...

    We need to tax gasoline more. Due to better mileage, we use less of it, tax revenues are down.
    Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution. We all know that is an evil leftist plot to make us breathe cleaner air. Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges. An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
    Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
    We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
    All evil plots..surely we are doomed.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Captain America View Post
    3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

    Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
    Have you looked at commodity prices recently. The market for our grains have gone up something like 50% this year causing hardships for the poor around the world. Thank the Fed with it's QE2. They have said they wanted inflation and are getting it where it hurts the poor disproportionately.

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

    Quote Originally Posted by Erod View Post
    We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

    Stupid.
    I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.

    Since oil is a finite resource, and we know it is, are we really hoarders?
    Last edited by MaggieD; 12-22-10 at 11:38 AM.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by washunut View Post
    Have you looked at commodity prices recently. The market for our grains have gone up something like 50% this year causing hardships for the poor around the world. Thank the Fed with it's QE2. They have said they wanted inflation and are getting it where it hurts the poor disproportionately.
    Cereal grains are higher due to poor crop harvests worldwide, due to droughts in key countries. I read that Russia won't be exporting any wheat this year.
    Poor countries are in trouble, most certainly.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    I didn't know that Obama had the power to set oil prices....or manufacture a crisis...

    Hmmm....You didn't? Where you been? When Bush was in and oil hit record highs, liberals like you argued that exact thing.....Now it seems fuzzy?

    We need to tax gasoline more.
    Standard liberal response....."Tax, tax, tax...."


    Due to better mileage, we use less of it, tax revenues are down.
    But wait, I thought that the 'Peak Oil' nuts argued the exact opposite?

    Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution.
    Yep, and we said goodbye to Muscle cars....Shame.

    We all know that is an evil leftist plot to make us breathe cleaner air.
    No one said that, so straw arguments although fun, are not so productive....

    Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.
    Seems to me that liberals never think of the unintended consequences to their knee jerk actions.

    And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.
    Is that the reason, or could it be that highway funds are usually one of the first things raided by liberals to spend on their pet spending projects?

    An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
    Again, probably due to increased spending with abandon. Not because we don't tax enough.

    Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
    We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
    What can you see taking the place of coal?

    All evil plots..surely we are doomed.
    the only thing I see as truly 'evil' Bill, is your attempt to minimize concerns. Or that liberals believe that the money I earn is theirs, and they "allow" me to keep some of it.


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

    Quote Originally Posted by MaggieD View Post
    I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.

    Since oil is a finite resource, and we know it is, are we really hoarders?
    nah, just dumb for not exploiting it to make ourselves less dependant on other sources hostile to us, while at the same time not seriously putting in place other options to oil.


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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