What is Digg?232 Comments
- bjornski, on 02/29/2008, -4/+46Mission Accomplished!
- inactive, on 02/29/2008, -1/+35and to think, two years ago oil was $55 a barrel...
- PhilLesh69, on 02/29/2008, -2/+25$27.39 per barrel was the 2000 cost.
Don't forget that Dick Cheney held his super secret "energy policy meeting", and several people who disagreed with the rest broke ranks and leaked to the media how he promised "$100 a barrel oil" during the Bush administration.
Even the die-hard Fox News watchers cannot explain that even if it was a "liberal media" that reported this back in 2001, before 9/11, that there is something fishy about a story that said they were promising $100 oil, and now we are here, with $102 a barrel oil.
Were those liberal journalists lucky? Did they read the future, and it wasn't really a plan by a president who could barely run Harken oil? I guess it was just people who want to surrender to terrorists, or something?
Why do the fox news watchers succumb so easily to propoganda? Don't they realize they are watching the National Enquirer on TV? Don't they know they are watching ranting lunatics? - adjective, on 02/29/2008, -1/+16Come over here to England where we pay about $8/gallon.
:D - jkramlich, on 02/29/2008, -3/+18Fact check me but I believe oil was at $26 per barrel before Bush took office.
- esaks, on 02/29/2008, -3/+16The price of oil isn't going up, it's our dollar thats dropping thats making it expensive.
- Speaking, on 02/29/2008, -0/+12Oil is so high because the dollar has gone to *****. Oil is still about the same price in Euros. ***** inflation, I'm mad as hell.
- PhilLesh69, on 02/29/2008, -3/+15Ironically, they're going to suffer the most. They all drive SUVs and love Nascar.
- Pentarix, on 02/29/2008, -0/+11No big surprise, the Bilderberg Goup did say that it would go up to $140 a barrel this year.
http://video.google.com/videoplay?docid=1070329053 ... - itsbob, on 02/29/2008, -3/+14We are screwed.
- eijnok, on 02/29/2008, -0/+113 Dollars a gallon, thats really low comparing with the prices in Sweden where i live, here the gallon price is over 7$ a gallon.
- PhilLesh69, on 02/29/2008, -0/+10$27.39. And actually, in 2001, it went down to $23, probably on the speculation that an oil man would be good for oil.
http://www.inflationdata.com/inflation/Inflation_R ... - iri1978, on 02/29/2008, -0/+9oil is not only getting more explensive it is $ going down
1€ = 1.3174$ year ego now 1.5194$ - TheGuruStud, on 02/29/2008, -15/+24THANK YOU - you bible belt ***** from retard land, USA.
None of this would've been possible without you. I hope you all die agonizing deaths along with your hero, bush. - PhilLesh69, on 02/29/2008, -1/+10You have a good point, inflating our dollar certainly affects how much it costs to buy oil, in adjusted prices.
BUT, $102 barrel oil is still 5 times more costly than it was in 2000. Adjust for inflation, and it still is much more than our economy was geared to pay.
Then consider that our dollar's value is dropping. We are now 52% below the Euro. They have printed 16% more money, meaning our inflation is at 16% beyond normal inflation.
It's way too complex for the average person to comprehend, but it's safe to say, it's not good. - PhilLesh69, on 02/29/2008, -0/+9One of Google's first-round venture capital investors was a CIA front.
I'm just saying. - DannoSpeaks, on 02/29/2008, -2/+10Oh Noez!
- inactive, on 02/29/2008, -1/+9is someone drinking all the oil over there or something?
- thatsmyaibo, on 02/29/2008, -1/+9Living in LA sucks hard right now. Prices here are anywhere from 3.25 to almost 4.00. That refinery problem in Texas probably didn't help either. I just wish we had better public transport.
- inactive, on 02/29/2008, -3/+11Just listening to paul speak on behalf of the people makes me proud. At least someone has his head on straight.
- waspbr, on 02/29/2008, -0/+8Not quite, although the supply is great, there is an even greater demand. The rate at which oil is extracted is still not enough to compensate for the demand despite the oil reserves.
- pprovo1, on 02/29/2008, -1/+9yeah and it was reiterated on later comments that before Bush took office the price per barrel was around $25!
- inactive, on 02/29/2008, -3/+11It's time people started dusting off their bicycles.
Most people who live in cities don't NEED a car.
Yes, it's more convenient.
But at what cost? Every time I go to the pump (rarely since I bike to school and work) I imagine the smug look on the faces of those corporate scum who make more money in 30 seconds than most people do in a year.
Exxon made nearly $1,300 per second in 2007. http://money.cnn.com/2008/02/01/news/companies/exx ... - itsbob, on 02/29/2008, -1/+9Mission accomplished
- KdogTN, on 02/29/2008, -1/+8There are several solutions that we can take into consideration here to help with the oil and gas issue. For one, why are we still paying for lost crops to corn and grain farmers across the nation? That can be used for E-85 fuel. Flex vehicles have been in use for years in south America as well as in Europe. I have literally been tinkering around with a solar distiller and can produce my own e-85 for close to $1 a gallon. The major problem is the major oil companies have lobbyist in DC that threaten to take away the fancy cars and vacation homes of the House of Representatives an the Senate if they talk about flex fuel and or any other renewable. It's not just republicans or Democrats, it's both parties. Until we flush Washington of the crap that we have elected into office we will never find a solution. This government over the years has moved from the motto, "This government of the people, for the people" has changed to, "For our selves ***** the people."
- pprovo1, on 02/29/2008, -11/+18Ron Paul saw this one coming a long time ago...
http://www.youtube.com/watch?v=mkUc0k2ePhk - EntangledPhysx, on 02/29/2008, -1/+8OVER 102 DOLLARS?!?!?!
- zeromancer, on 02/29/2008, -0/+7SUVs come suburbialand. they drive trucks.
- inactive, on 02/29/2008, -1/+7Black gold.
- Myal, on 02/29/2008, -2/+8You think 3 dollars a gallon is bad? Wait till the summer comes and its 4 dollars a gallon. Better yet, come up here to canada where I pay $1.20 a litre. Do the math. Canada already pays more. AND england even more.
http://masklinnscans.free.fr/4chan/Demotivators/pi ... - PhilLesh69, on 02/29/2008, -2/+8and what is all inflation really about??
We cannot allow people to advance and grow their wealth, because then they become as powerful as the elite. We need to wipe out their wealth every generation or so, in order to ensure that our families maintain control. Those middle class folks cannot be allowed to build wealth and threaten our position as the owners of the United States.
We control the United States. We believe in the United States. All the rest of you are just visiting. - PhilLesh69, on 02/29/2008, -0/+6Yes. We are not seeing the bigger picture.
a 52% loss to the Euro. The Federal reserve increasing our money supply by 16% (meaning watering down our currency by 16%, the same thing as the euro gaining 52% on our dollar.)
We don't even know how deflated our dollar is any more.
They claim 6% inflation, which is bad, in and of itself, but when you factor in everything else, what are we really losing in real dollar buying power??? 16%, 20%, 25%???
I don't think even the fed reserve even knows. I think it's all new math, and everyone is scared by it. All they can do is to continue to reduce fed lending rates, printing more money to lend to over-extended lenders, increasing the amount of money that is chasing fewer and fewer commodities. - inactive, on 02/29/2008, -0/+6Yeah exactly AU$1 use to buy only US$0.48 like 10 years ago, $0.60 4 years ago and now its $0.94
- waspbr, on 02/29/2008, -0/+6China... and the US of course but that's a given.
- doyoulikeworms, on 02/29/2008, -1/+6A better title is "Value of US Dollar Plummets, Oil Now $102 Per Barrel".
- PhilLesh69, on 02/29/2008, -0/+5Refineries blowing up has more to do with the price of gasoline than the price of oil. We have limited refining capacity. We can ship all the oil we desire to the US, the supply is fairly strong. But refining it is our bottleneck.
I wonder how much money is made every time a refinery "explodes, but not by terrorist act" and who really benefits? - inactive, on 02/29/2008, -0/+5oil is getting more expensive BECAUSE dollar is going down. also, dollar is going down because oil is getting more expensive. it's a vicious cycle.
- neoquietus, on 02/29/2008, -3/+8And thus dies forever "Cheap Oil". Rising demand from all countries, especially fast growing ones like China coupled with peak oil means that oil will likely never again be bellow $80 a barrel.
- Hangly, on 02/29/2008, -0/+5Son, let me tell you about the differences between the European and American economies.
- jus1haz2, on 02/29/2008, -1/+6Bender?
- PhilLesh69, on 02/29/2008, -1/+6Or let a conservative who has been paying attention answer your comment.
Liberals are not preventing the building of more refineries. The oil companies don't want any more. They prefer to keep a lower supply, because, ummm, duhh, supply and demand influences prices. Gee.
Especially at today's prices, it would be so easy to open a refinery per year, to increase production, but with profits being made by almost doubling the cost of retail gasoline with the current supply system, regardless of how that affects the American consumer, why would they? - inactive, on 02/29/2008, -0/+5it rose again today to over $103
- PhilLesh69, on 02/29/2008, -1/+6Germany pays even more.
They were paying 5 or 6 dollars a gallon in 1993 when I was over there with my German ex-girlfriend. It cost me $75 to fill up my rental opel. - PhilLesh69, on 02/29/2008, -0/+5I drive a diesel mercedes. I get used vegetable oil from the chinese restaurand and a McDonald's in my town. It costs me about 84 cents a gallon, including the lye, and I get about 37 miles a gallon.
But don't tell anyone. Or better yet, call them left-wing liberal conspiracy theorists if they do what I do. Us intelligent conservatives want to have cheap transportation. We don't need them ruining my good opportunity of getting that used oil for free. - almondfilter3, on 02/29/2008, -2/+7Someone who tries to lecture everyone on how to handle this giant problem (with an impossibility mind you) and uses "lol" in the same thought, shouldn't be calling anyone, particularly addressing almost everyone besides yourself, as...sheep...eesh.
- davidwasman, on 02/29/2008, -1/+6Anyone know what the price per barrel was in 2000? My bet is around $42
- fedak, on 02/29/2008, -0/+5103.5 in asia overnight
- PhilLesh69, on 02/29/2008, -0/+4We actually have mothballed refineries?
Well that just makes the last 5 years of increasing prices seem totally unnecessary.
After Katrina, the damaged refineries in Louisiana was the explanation for that price spike.
Then there was an explosion in Texas. That explained another spike.
Then there was an explosion again this week, in texas. Another answer for spikes in gas prices.
If we have refineries in some sort of reserve, then we've been lied to, we've been sold a bill of goods. - BESTenemy, on 02/29/2008, -0/+4Doesn't really matter whether the oil is renewable or not. The Peak Oil theory (the Hubert's Peak theory) is based simply on the rate of discovery of new oil against the rate of consumption. We can have planets and planets full of black liquid stuff. Doesn't matter one bit if we can't find it quickly and cheaply, as well as extract it.
There's plenty of deep oil, you know. There's ocean floor oil. There's tar sand oil. There will always be that of the kind that is hard to extract. If you put more energy into oil than you get out by using it, then it's not a viable fuel. It's that simple. Doesn't matter what the theories are. We're running out of cheap oil - and that is a real problem. Without oil there is no industrial economy. There is no food to sustain the population numbers. There is no heat. There is no affordable transportation. There are no cheap plastics. - jawnboy, on 02/29/2008, -0/+4It is because of NAFTA - part of the agreement is that Canada has to supply oil to the USA at the same rate it does Canada. Which is funny Obama and Clinton have both talked about needing to use pressure to force Canada and Mexico to renegotiate NAFTA - which would be really bad as there is absolutely no chance of something like that ending back into a renegotiated agreement.
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