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Old 06-17-2008, 05:32 PM   #141
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If we didn't have a supply problem and a prevailing attitude that we aren't going to drill for any of our own oil, the speculators would have no reason to speculate that the price of oil will keep skyrocketing.

Frank
True... and many speculators are large companies that are trying to hedge their bets and buy at a cheaper price today than what they think fuel will cost in the future. Think major airlines, etc.
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Old 06-18-2008, 04:50 AM   #142
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I agree, and I am no lover of that crew. Then again, the Bush administration turned a blind eye to the rabid oil speculators who account for 25-30% of the price of oil.

Plenty of blame to go around.
No arguement there....

Bush also was against OCS drilling......Until this week, now he is for it....
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There's no question in my mind that the United States spends too much on the military - whatever they're spending it on!!
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I have no sympathy for Americans who are complaining about gas prices.
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Old 06-18-2008, 04:54 AM   #143
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If we didn't have a supply problem and a prevailing attitude that we aren't going to drill for any of our own oil, the speculators would have no reason to speculate that the price of oil will keep skyrocketing.

Frank
True, very true. Every vote in congress to block refinery expansion like the Dems did last week, also provides a reason for speculators to drive the cost up. 4 refinery expansion blocked this year by our Democrat controlled congress....

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True... and many speculators are large companies that are trying to hedge their bets and buy at a cheaper price today than what they think fuel will cost in the future. Think major airlines, etc.
Yep.

Just wait until Hurrican season. What if another one hits the gulf coast this year? Congress just blocked refinery expansion in Ill and in NJ earlier this year....
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There's no question in my mind that the United States spends too much on the military - whatever they're spending it on!!
Quote:
Originally Posted by Etta Place http://www.xdtalk.com/forums/images/...s/viewpost.gif
I have no sympathy for Americans who are complaining about gas prices.
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Old 06-18-2008, 06:03 AM   #144
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Dave, who do you work for? Transocean (RIG)?

Excellent company for investment, imo...
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Old 06-18-2008, 06:26 AM   #145
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Dave, who do you work for? Transocean (RIG)?

Excellent company for investment, imo...
No...They do keep trying to recruit me....

I work for Pride International.

I am an Electronics Tech, and an Electricain. I have 20 years experainance in power generation, and 10 years in electronic machine automation.
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I have no sympathy for Americans who are complaining about gas prices.
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