BS: It ain't China or Obama.

Subject: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 07 Aug 08 - 12:13 PM

I heard on CNN this morning that the price of oil went up three dollars today on news that the US was pushing for tougher sanctions on Iran.

Bush says demand from China is the cause of high oil. McCain says its Congress and Obama. When it has actually been mostly inept foreign policy.

Subject: RE: BS: It ain't China or Obama.
From: Amos
Date: 07 Aug 08 - 12:26 PM

Increased demand in a huge population is certainly a factor.

When Gerald Ford started the nation heading toward energy independence , he was thinking clearly. Reagan undid that work, took the solar panels off the WHite House, and dismantled the Department of Energy.

Every one of his legatees has similarly bound us tighter to the oil addiction, like pimps using cocaine to keep their "girls" in line.


A

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 07 Aug 08 - 12:34 PM

I'm sorry Amos but it is not a large factor. The rise in price has been way out of proportion to the rise in demand.

War and uncertainty anywhere in the world has always been a cause of higher oil.

If you can name a major oil producing country on this planet that Bush hasn't offended, verbally attacked or even actually gone to war with, you will astonish me.

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Guest from Sanity
Date: 07 Aug 08 - 12:44 PM

Jeez!!..Its a scam!!

Subject: RE: BS: It ain't China or Obama.
From: Ebbie
Date: 07 Aug 08 - 12:48 PM

Hmmmm Why did I just have a flashback to the energy crisis in California a few years back?

Subject: RE: BS: It ain't China or Obama.
From: Amos
Date: 07 Aug 08 - 01:30 PM

Can't think of any--including Texas!! ;>D



A

Subject: RE: BS: It ain't China or Obama.
From: Teribus
Date: 07 Aug 08 - 02:27 PM

Now let's see the country with the largest population on the planet increases the amount of oil it imports (11% up in the first 6 months of 2008 compared to first six months of 2007). Similar size of increase experienced in India the country with the second largest population on the planet and that increase in demand is not regarded as being significant enough to affect the price of oil.

The USA talking about imposing sanctions on Iran however somehow is a significant factor. Haven't the UN, the USA and the EU been talking about imposing sanctions on Iran for years now?.

Subject: RE: BS: It ain't China or Obama.
From: Stringsinger
Date: 08 Aug 08 - 02:09 PM

The price of oil has gone up because of the oil company greed. Exxon is the highest
earned corporation in the history of the world.

The idea that somehow Exxon is "in the hole" in its delivery system or distribution
is laughable when you consider Lee Raymond's benefits and salary.

We have a US Oil-agarchy.

Frank

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 08 Aug 08 - 03:42 PM

Teribus

Now lets see, China and India have had the first and second largest populations since they became countries in the late 1940's. You are saying that it is a significant factor now but it has not been a significant factor for the past 58 years. Brilliant!!!

>>>The USA talking about imposing sanctions on Iran however somehow is a significant factor. Haven't the UN, the USA and the EU been talking about imposing sanctions on Iran for years now?.<<<

Yes, I was talking about gas jumping three dollars immediately after the news was released.
I was remember similar jumps every time such news has been announced ever since i have been following business news. Jimmy Carter was the US president then. I remember that most presidents used to think such news was a bad thing and they would try to negate it or reassure people. Bush and Cheney until recently would do the opposite. If there was bad news from Iran they would up the ante by insulting Putin or Chavez, of course the war in Iraq has been a constant stream of bad news. And the dumb things Bush has said and done to upset even the British, Mexican and Canadian peoples have not made things better.

China and India increase world oil consumption by one or two percentage points a year and the price has gone up 500 percent in ten years. You think China and India are the cause huh? Good one! Now tell me the one about the penguin going into the bar.

Subject: RE: BS: It ain't China or Obama.
From: Teribus
Date: 09 Aug 08 - 06:44 AM

And what has caused the drop in the price of oil Jack? From $145 down to $115? That got anything to do with the USA threatening Iran with further sanctions? Or in your world is blame only apportioned "one way"?

"You are saying that it is a significant factor now but it has not been a significant factor for the past 58 years."

Well Jack last time I checked the overall trend for the price per barrel of oil has been shown as a steady increase over the last 25 years - Fact!!! From around about the time the ruling "communist" elite in China discovered that there was a far superior economic system available and they ditched their worn out and useless dogma.

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 09 Aug 08 - 02:38 PM

Teribus,

You have a lot to learn about cause and effect.

The overall trend for nearly every commodity in the world has been going up forever. And China opened up 30 years ago, not 25.

>>>From $145 down to $115?

Oil is hugely overpriced, the overall trend is to drop. Think of the price as a beach ball and Bush and Cheney as bikini clad beach bunnies who run around trying to punch it into the air before it can fall to the ground.

Subject: RE: BS: It ain't China or Obama.
From: Troll
Date: 10 Aug 08 - 08:23 AM

The huge spike in oil prices was caused by speculators. It was an artificial bubble and it has now burst.
If you will all put aside your hatred of the current administration and look at what the world business analysts are saying you will see that they never expected it to last.

troll

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 10 Aug 08 - 06:18 PM

The speculators respond to the news. Saying that the rise of the dollar was due to speculators is like saying that global warming is caused by thermometers. The international analysts I am reading are saying that the price of oil is dropping because the speculators are forecasting a world wide recession caused by the high pride of oil. Another factor is congress announcing that if speculators don't calm down then their ability to speculate with borrowed money will be drastically curtailed.

One real and irreversible, (in the short term at least) cause in the rise of oil was the drop in the dollar caused by the credit crisis. I think that the credit crisis could have been dealt with much earlier and more forcefully by the government a year ago, two years ago when the system was just starting to fall apart. But that is not the current government's fault. Its the idiots who voted for them knowing that their aim was to tear government down.

Likewise the response to Katrina. In those cases and many more. It is a matter of electing incompetent, uncaring people who do not have the best interests of the majority of the country at heart. In all those cases the costs of fixing the mistakes they have made would have paid for all of the "taxing and spending" promised by the Democrats in the campaigns that they lost.

McCain is promising an even more "hands off" approach to government than Bus promised. A vote for McCain is a vote against effective regulation and to some degree a vote against prosperity.

Lastly, I do not criticize the economic policies because I dislike the administration. I dislike the administration because they have horrible economic policies.

Subject: RE: BS: It ain't China or Obama.
From: GUEST,Jack the Sailor
Date: 11 Aug 08 - 04:04 AM

Ossetia

The new crisis in the Caucasus has triggered alarm in the West, which gets much of its oil from a pipeline running through Georgia, and led to Cold War-style clashes at the United Nations. Oil prices rose again on Monday after a recent retreat from record levels, with crude topping $116 a barrel.