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bend over n take it

posted 6/20/2008 3:20:10 PM |
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oil in short supply......demand out strips supply.........the law of supply and demand turn upside goes down....price goes up........


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bend over n take it
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Jun 20 @ 3:50PM  
A week ago Goldman Sachs issued a new investor note, suggesting that somewhere between six months to two years, the price of oil could go into a “super spike” and prices jump as high as $200 per barrel. It became the major story of the night. Ignored in the reporting frenzy was that many legitimate and well-respected oil analysts dismissed Goldman Sachs’ prediction as groundless

And what is the price today???? Good job Mr.

Jun 20 @ 3:57PM  
And what is the price today????

Last I saw it was over $130 something....not sure of the exact number.

Most know the what do the people do about it? Bitch, moan, and then pay the whopping price at the gas pump like we have been?

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Jun 20 @ 9:46PM  
Right. I believe everything I read. Like those guys in the Senate would not be screaming bloody murder so they could get re elected. I also heard JFK is still alive and living in the White House.

Jun 20 @ 9:55PM  
its not JFK....its........ELVIS

Jun 21 @ 12:14AM  
I personally think it is a ploy for Bush and his cronies to make even more billions to go into their own pockets... Think about the buzz right now about all the drilling they want to do from Alaska to the coastal waters Bush wants to ram it through and many stupid people are right there going yea do it now.... anything that is done on this will not be realized for at least 12 years and the oil in Alaska will go to Japan and some place else.. Ummmm this will not help the regular joe in any case..

Another thing is that when oil prices go up the money is supposed to help pay for schools here in Texas I can pull up the official site for those who choose to keep their heads up their asses.. But schools are having to cut back to the bone as well as hiring freezes and the university systems are charging students out the ass for tuition where most cannot go to school anymore..

It is all bait and switch and the people of this country are stupid enough still to fall head over heels for it...

Jun 21 @ 1:53AM  
Light Crude oil futures closed today at $134.62 in late trading on the NYM Commodities Exchange.

There are hundreds of already drilled & caped wells in the US with an estimated total potential yield of [U]nine hundred, thirty five million barrels [/U at the time of closure ]that were taken out of production simply because foreign oil was cheaper at the time. More than 50% of these wells could be producing oil in 20 to 35 days.

It takes between 2 and 4 years to construct an offshore drilling platform depending on the survivability requirements of the rig and another 6 months to 1.5 years to position the rig and begin production (assuming you hit oil the first hole) and this is assuming there are no environmental group federal lawsuits or other delays in the process.

There is no "quick fix" without destabilizing the economies of several nations & drilling offshore is just a nice little media tidbit to give people a little hope & take pressure off of the elected officials for a while.

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bend over n take it