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HK HK is offline
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First recorded activity by BoatBanter: May 2007
Posts: 13,347
Default Oil Bubble Burst?

Eisboch wrote:
"HK" wrote in message
...

What's even funnier is the attempt to credit President Idiot with the
bitty decline in oil prices. The decline is due to diminished demand.



Nope.

A 2 percent decline in demand over several months doesn't equate to a 15-16
percent price drop in three days.

Eisboch




Surely you are not claiming the volatility in oil prices at the levels
they are these days is due to anything other than the day to day
vagaries of the marketplace and those who manipulate the market.

Gasoline was about a buck and a quarter when Bush took office. It's
about four bucks now. There's a price to be paid for Bush neglect of
matters of important, and four bucks a gallon is one of the prices we
are paying.

Remember poor, maligned Jimmy Carter? About 30 years ago, he urged us to
cap the amount of oil we were importing, and to force automakers to take
the steps necessary to manufacturer 48 mpg cars, and to develop
alternative sources of energy.

Had we followed that advice then, we'd be in far better shape today. But
in the last eight years, especially, we've had President Neglectful and
his sidekick, Vice President Halliburton, screwing the country and its
citizens.

No more.