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Friday...you disappoint me greatly....what have we been talking about here for the past 6 months! THE TROOPS! THE WAR! Once we end the occupation in Iraq...Oil will begin to decline rapidly. Mark my words. For one thing...there is a global recession (started in the US but it's spread) happening...are you telling me that "global demand" for oil is STILL the cause for the price runeup? Nope. Sorry. U.S. consumption is declining right now and will intensely decline as the summer progresses. Food riots are happening all over the world. We are standing at the precipice of global economic meltdown.
I more believe that Bush and Cheney are artificially manipulating the price of oil (as payback to our Saudi masters) so that all their Big Oil buddies in Texas reap billions now because change is coming....moreover than the price is still rising because of "global demand"...
Does the American consumer have any money right now to buy the cheap shit that floods our store shelves which is made in China through their consumption of oil?????
Sorry.
We are being bent over the pump from Dubya's last swan song F-U to this country....when Obama (or Hillabeast:thefinger) is elected and the troop withdrawal begins....oil will fall sharply.
There is fear and uncertainty built into the price. Probably $40/barrel fear factor right now...
Get used to being disapointed because I think you will be sorely in the future.I'm sorry I don't get the logic that says if we leave Iraq(which we should) the price of oil will drop.If anything the civil war that may occur which may not be avoidable would probably drive the price up.If you can find any analyst of such things that thinks a withdraw would mean a drop in price I would love to see the link.While demand in the US may be down marginally,demand worldwide is still very high,thats why people are asking the Saudis to increase production which they are not willing to do.Why should they pump it faster thus reducing the overall return they would see on it in the long run.Any politician who says they can really do anything to lower the price is lying and pandering.Being the next president is not going to be an enviable position as the nation faces many problems that are just not that easily solved.And the more they promise things they can't possibly deliver the more disapointed and angry people will be with them.The so-called terror premium on oil existed before Iraq and will exist after the election no matter if we are there in great numbers or not.The instability in the mid east is not going anywhere.Right now things are actually pretty good supply wise.Just think if there was a regional conflict or some other kind of problem there that caused production from one of the gulf states to be reduced.That would make the current price look cheap in comparison.As many prominent analysts have said the age of cheap oil is over and will never return.The realization and adaptation to that is for sure going to be very painfull,for politicians and for everyone else.
IMO we may be very disapointed in the results in Nov election and for sure we will be disapointed no matter who gets elected IMO afterwards in the economy,the price of oil and the corresponding rise in the price of everything else.While a dem with more progessive policys that try to ease the pain on the more vunerable to these bad times that seem to be looming would be a good thing the truth is that there is little they can do to change the fundamentals of high energy costs,job loss etc.
Oh and BTW,do you think the folks in Pa. who did not vote for Obama and choose Hillary would really choose Obama in the fall? He outspent her 3 to 1 in Pa and lost by 10 points.The way this is going I unfortuantely think it is true that McCain looks more likely to win all the time against eitheir Obama or Hillary.Obama because many whites will not pull the lever for him and for Hillary if she gets the nomination will be resented for the impression she was given the nomination unfairly by minorities and depress their turn-out.The only thing that may somewhat mitigate the resentment there is if even though Obama has more pledged delegates(but not enough to gain the nomination,which neithier will get) is if she has the lead in popular vote.
Last thing is did you hear Rev Wright is going on PBS tonight and will say that Obama distancing himself from him is just because that's the kind of thing a politician would do.Him being back in the news saying such is the last thing Obama needs and will not help in future primaries especially a place like Indiana which has a lot of voters similar to those in Pa.
I wish the future of many things looked different to me and respect your opinions, but I guess we just have to agree to disagree.:wave2: