Bush/Cheney Oil Chart, Ouch!

[djv]

Not this has anything to do with Bush and Cheney being involved with oil. But since late 2000 the worlds thirst for oil is up 14%. But the chart they had today had this. A $22 barrel when Bush took office. Then A nice straight line up to $78 barrel Oct 2006.
That's a lot more then 14% world demand increased. So lets throw in 9/11. had little to do with it. Remember we attacked Afghanistan they had no oil. Iraq came later. And here we have Iraq only exporting 4%.
Remember they had tight rules on them. So then what Katrina? Na that came 5 years later in 05. Did they fix all those rigs in last 14 months. No it must be something else that took that oil from $75 down to $51. What the hell happen since November to bring this on?

 

[StevieD]

I will take a stab at it. They saw how Dubya's popularity seems to mirror the price of oil? Don't forget, these guys have only just begun.

 

[3 Seconds]

I will take a stab at it. Don't forget, these guys have only just begun.

What exactly does that mean? :shrug:

 

[The Sponge]

Can you imagine the profits they will make this quarter? The barrell is not nearly 70 bucks yet the prices wont budge. How can this happen? These are thieves and if you are two naive to see this then maybe you shouldnt be allowed to vote.

 

[DOGS THAT BARK]

Really Sponge? Gas is less than $2 a gal here?
Where you live?
--bethat whatit may-if you think gas is high now do you think thiswill lower it in future--

"With more than 57 hours to spare, early Thursday evening, Democrats passed the last of their "Six for '06" plan ? a renewable energy measure that adds $15 billion in new fees, royalties and taxes for the oil industry ? 264-123, and prepared to turn off the clock."

Just where do you think their profits will come from--out of your pocket--and I'll laugh my ass off when you and yours are paying $3 + a gal because of it

Will be interesting to see their approach on Walmart next--prices too low for competitors--why- no union--who is unions best friend--dems of course--Now if they can just manage to somehow get their voters to believe higher prices and more money to unions who in turn donate more to dems- is in voters best interest they'll have another inflation proponent created.

Don't be sipping that coolaid SpongeBob--think for yourself.

They tell you it terrible place to shop yet more people shop there than anywhere--why

they tell you terrible place to work--yet they have thousands apply for 300 jobs at new store--why

 

[djv]

I agree DTB this last move by congress is a risk. It's not really a new tax is it? I thought it was more of a deduction from some of the give aways to oil by last congress. They say oil is now in need of 46 a barrel. Or it's not worth going for more oil. Been said better for them to turn a few wells off and wait for price jump. that of course comes from Oil. Very American. I think many folks are not against the take away from oil after those profits of late. And the great payouts to top management. IF MONEY taken back does go for and speeds up alternative ideas and resources. In the end we all will win. The risk here Is IF.