jps wrote:
On Sat, 07 May 2011 20:51:03 -0400, Gene
wrote:

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

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

On Thu, 05 May 2011 22:05:27 -0700, 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.


At some point, those remaining Americans capable of thinking are going
to realize how badly and how frequently they are raped by corporate
interests, and they will react appropriately.

I've given up trying to figure out the Bush family. Grandpa Prescott was
smart, Papa George H.W. is smart, Jeb is smart. Dubya is the
intellectual runt of the bloodline. Hell, he couldn't even make it in
the oil business, something at which his father succeeded.