BoatBanter.com - View Single Post

I_am_Tosk

In article ,
says...

On Sun, 08 May 2011 23:23:21 -0700, jps sent the
following message
On Sat, 07 May 2011 20:51:03 -0400, Gene
wrote:

On Sat, 07 May 2011 20:12:01 -0400, John H
wrote:

On Sat, 07 May 2011 19:52:35 -0400, Gene
wrote:

On Thu, 05 May 2011 22:05:27 -0700, jps
wrote:

Oil took a 10% dive today as speculators started selling off
positions
out of fear the top price has been seen.

These speculators should have to pay a huge tax on their
profits since
they're causing so many Americans to pay inflated prices at the
pump
and causing inflation in every sector of retail.

NEW YORK -- Oil prices took a nosedive Thursday in a historic
selloff,
erasing weeks of gains and indicating that the months-long
climb in
energy prices may have hit a ceiling.

Crude oil plunged 10 percent as startled investors unloaded
their
positions and a weeklong decline accelerated into an outright
freefall. The price of U.S. crude went from triple digits to
double
digits, falling below $100 after opening at close to $110. Brent
crude, a European benchmark, lost $12 at one point in a
sell-off that
exceeded the one following Lehman Brothers' collapse, Reuters
reported.

An oil correction is underway, experts said, as the price is
moving
toward what fundamental economic factors dictate it should be.
For the
American consumer, plagued by weeks of rising energy prices
that have
begun to weigh heavily on the economy, a bit of respite may be
at
hand.

Surely, the fact that crude oil prices have nothing to do with
pump
prices.... any more, at least....

Nope, not a bit. Bush put a stop to that when he was pocketing
all the oil money. It appears 'Bama
is carrying on the tradition.

Well..... politicians are politicians.....

A very interesting theory that Bush was pocketing all the oil money
and Obama is doing the same.

Idiocy on parade, courtesy of Herring.

The Bush family was in the oil business and many of his allies came
from oil, I don't recall Obama or Obama's family in any similar
situation.

Hunter gatherers and witch doctors.

Obama's friends are all into ethanol... 150 ethanol refineries just in
the Chicago area alone...

--
Team Rowdy Mouse, Banned from the Mall for life!