oil is up again><

thomasbrooks07 · 05-09-2008, 03:18 PM

I just saw a report on fox news that crude oil is now $125.95 a barrel. They also said that gas is now over 4 dollars a gallon across the board and that diesle is about 5 dollars. I get that countries like china and india are expanding but how can gas begoing up this fast?

killer · 05-09-2008, 03:35 PM

All I know is I'd be real nervous right now if I was a politician. Guess they should have been more concerned about stuff other than baseball players using steroids.

They got no plan.....NO PLAN.

thomasbrooks07 · 05-09-2008, 03:42 PM

lol thier plan is the same one they have always had. Pass the blame and stick their head in the sand hoping it goes away.

Rave · 05-09-2008, 06:29 PM

The Bush/Chaney team have lots of oil stock,no sweat.

Seven© · 05-09-2008, 10:09 PM

Quote:

Originally Posted by Rave

The Bush/Chaney team have lots of oil stock,no sweat.

KGunner · 05-09-2008, 10:53 PM

We can thank the falling dollar.

Windwalker · 05-10-2008, 07:13 AM

Yes, but the dollar is falling because our U.S. Treasury continues to print worthless paper without gold or silver to back it up.

Rave · 05-10-2008, 07:18 AM

One reason,but why would they do that?

TXplt · 05-10-2008, 08:11 AM

Quote:

Originally Posted by Rave

One reason,but why would they do that?

Keep the DOW up, and economy from collapsing quickly.....one of their "emergency rate cuts" actually kept the DOW from tumbling a while back. But we're just putting more cards on top of the stack with this strategery--this results in increased debt (which is the major threat), falling dollar, and, to a lesser extent, higher inflation (primary cause being energy prices).

Rave · 05-10-2008, 08:21 AM

I wonder how it will be 6 months from now when product prices catch up with fuel prices and folks have maxed their credit cards out?

05-09-2008, 03:18 PM	#1
thomasbrooks07 Senior Member Join Date: Dec 2007 Location: Washington Posts: 186 Trader Rating: (0)	oil is up again>< I just saw a report on fox news that crude oil is now $125.95 a barrel. They also said that gas is now over 4 dollars a gallon across the board and that diesle is about 5 dollars. I get that countries like china and india are expanding but how can gas begoing up this fast?

05-09-2008, 03:35 PM	#2
killer Senior Member Join Date: Jul 2006 Location: In the rat race Posts: 907 Trader Rating: (0)	All I know is I'd be real nervous right now if I was a politician. Guess they should have been more concerned about stuff other than baseball players using steroids. They got no plan.....NO PLAN. __________________ "Yeee Hawww...I'm a cowboy on an iron horse." Killer's cabin: http://buckmountainchateau.com/

05-09-2008, 06:29 PM	#4
Rave Senior Member Join Date: Mar 2002 Location: Tampa Posts: 6,735 Trader Rating: (0)	The Bush/Chaney team have lots of oil stock,no sweat. __________________ USAF '62-'66 .

05-09-2008, 10:53 PM	#6
KGunner Senior Member Join Date: Dec 2007 Location: Fort Collins, CO Posts: 422 Trader Rating: (0)	We can thank the falling dollar. __________________ Kel-Tec P11 Mossberg 500A Tactical 12 ga. 1947 Mosin Nagant M44 Yugo SKS 59/66

05-10-2008, 07:13 AM	#7
Windwalker Senior Member Join Date: Oct 2007 Location: Oklahoma Posts: 3,218 Trader Rating: (0)	Yes, but the dollar is falling because our U.S. Treasury continues to print worthless paper without gold or silver to back it up. __________________ America: Love it and protect it or leave it

05-09-2008, 03:42 PM	#3
thomasbrooks07 Senior Member Join Date: Dec 2007 Location: Washington Posts: 186 Trader Rating: (0)	lol thier plan is the same one they have always had. Pass the blame and stick their head in the sand hoping it goes away.

05-10-2008, 07:18 AM	#8
Rave Senior Member Join Date: Mar 2002 Location: Tampa Posts: 6,735 Trader Rating: (0)	One reason,but why would they do that? __________________ USAF '62-'66 .

05-10-2008, 08:21 AM	#10
Rave Senior Member Join Date: Mar 2002 Location: Tampa Posts: 6,735 Trader Rating: (0)	I wonder how it will be 6 months from now when product prices catch up with fuel prices and folks have maxed their credit cards out? __________________ USAF '62-'66 .