Why Are Gasoline & Home Heating Fuels So Expensive?

(I hope you do win our bet!)

I hope I lose because it will mean the economy has turned around.

coalmeister wrote:

coalmeister wrote:I hope I lose because it will mean the economy has turned around.

Well, If McCain had won & a few Repubs had kept their jobs in Congress, the prices would already be up over $3.00 & climbing!


Stock Tip:
(time to sell you Exxon-Mobil, Blackwater & Haliburton stock everyone!)

"Well, If McCain had won & a few Repubs had kept their jobs in Congress, the prices would already be up over $3.00 & climbing!

Wow dev, I'm impressed! you are finally seeing the light! Do you really think Mc and the Repubs could improve the economy that quickly that commodities would rise like that?? I suppose it's possible...

coalmeister wrote:Wow dev, I'm impressed! you are finally seeing the light! Do you really think Mc and the Repubs could improve the economy that quickly that commodities would rise like that?? I suppose it's possible...

No....but there would have been a marked quickening of the return of corporate greed at the gas pumps. Of that I'm sure!

Oil falls to $60 as China spending optimism wanes
Oil falls to near 20-month low at $60 as optimism over China spending plan wears off

* Pablo Gorondi, Associated Press Writer
* Tuesday November 11, 2008, 9:58 am EST


That Bush & Cheney work in mysterious ways...

coalmeister wrote:Oil falls to $60 as China spending optimism wanes
Oil falls to near 20-month low at $60 as optimism over China spending plan wears off

* Pablo Gorondi, Associated Press Writer
* Tuesday November 11, 2008, 9:58 am EST


That Bush & Cheney work in mysterious ways...

Can't wait to re-post your quotes next summer when gasoline is above $4.50/gallon.

( I may still win our bet you know)

It's killing me it's only a bag of coal, that's like what, 5 or 6 yanks on the dollar one arm bandit in Atlantic City?
This will be like taking candy from a baby... (I just like that rockin' guy)

The election is over, crude prices just fell below $60 yesterday. Take off the tinfoil hats, OB is seriously considering recinding the Excutive order on Domestic oil exploration and drilling. The prices will start to rise when the Oil countries know we are not going to carve into their slice. Thanks Uncle Barry.....Change.

Even if they drill , it wouldn't help with prices for years. The bottom line is this country needs to put a couple more new on refineries online. They are maxed out now. Thats one way the big oil co. have control over oil prices here.

Drilling NOW is precisely when we need to drill so by the time the economy and prices rebound we will be well on our way to more oil for the market. More refineries are a must as well.

coalmeister wrote:Drilling NOW is precisely when we need to drill so by the time the economy and prices rebound we will be well on our way to more oil for the market. More refineries are a must as well.

Quote from T. Boone Pickens (oil magnate)


" We can't drill our way to energy independence."

Let's use up everything we've got, then go take somebody elses. Why, you ask? Because we can.

Devil505 wrote:

coalmeister wrote:Drilling NOW is precisely when we need to drill so by the time the economy and prices rebound we will be well on our way to more oil for the market. More refineries are a must as well.

Quote from T. Boone Pickens (oil magnate)


" We can't drill our way to energy independence."

Never mentioned independence. We use way to much oil for that.

Then again ole' T Boone just suspended "The Pickins Plan" after investing tens of millions of his own money in a nat gas & wind turbines project, so what does he know!

Oil drops 5 percent as forecasters slash demand outlook

NEW YORK (Reuters) – Oil fell 5 percent to $56 a barrel on Wednesday as the U.S. government hacked its global demand growth forecast again due to the slumping global economy. Let me guess; Barry is doing this now.

Drill Baby Drill

U.S. reports huge Alaska energy reserve — and it's not oil

"The study finds that in the North Slope, frozen methane-and-water crystals known as hydrates contain as much as 85.4 trillion cubic feet of recoverable natural gas. That's enough to heat 100 million homes for as long as 10 years, Interior Secretary Dirk Kempthorne said."

http://www.mcclatchydc.com/homepage/story/55787.html

Boy those republicans are really running a good ruse this election year. Here it is a week and a half after the election and oil and gas prices are still dropping. Futures for December delivery were about $56.00/barrel. Those sneaky bastards! I'll bet Dick Cheney and Haliburton are behind this.
Get you coal ready for shipment Dev.