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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on May 20, 2008, 08:18:25 AM
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Oil prices have surged past $129 a barrel as Opec comments that it would not be boosting output in the coming months increased concerns about supply.
Speculation that China would need to import more fuel in the aftermath of its earthquake also continued to drive prices, analysts said.
US light crude hit $129.31 a barrel before falling back to $128.70. London Brent crude added $1.77 to $126.83.
Oil investor T Boone Pickens forecast that prices would reach $150 this year.
Last week, prices were supported by Goldman Sachs forecasting that oil would reach $141 a barrel later this year.
Observers said that other factors spurring on the market included limited supplies of refined products such as diesel ahead of the US driving season.
The weak US dollar has also been strongly linked with surging oil prices, as investors look to buy into commodities instead of the greenback.
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Brix blames this on the democrats, vetoed and clipped for the last 15 months.
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Brix blames this on the democrats, vetoed and clipped for the last 15 months.
brix is a stupid little dweeb. Theres fresh piles of horseshit with more logic than him.
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This goes back to Clinton's mom having sex.
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Oil prices have surged past $129 a barrel as Opec comments that it would not be boosting output in the coming months increased concerns about supply.
Speculation that China would need to import more fuel in the aftermath of its earthquake also continued to drive prices, analysts said.
US light crude hit $129.31 a barrel before falling back to $128.70. London Brent crude added $1.77 to $126.83.
Oil investor T Boone Pickens forecast that prices would reach $150 this year.
Last week, prices were supported by Goldman Sachs forecasting that oil would reach $141 a barrel later this year.
Observers said that other factors spurring on the market included limited supplies of refined products such as diesel ahead of the US driving season.
The weak US dollar has also been strongly linked with surging oil prices, as investors look to buy into commodities instead of the greenback.
This is good news as it will throw a wrench into bushs pattern of dropping prices around election times.......hahaha I love it.
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Democrats energy policy 2008.
They royally screwed up.
The limited drilling in Florida and Alaska. They limited Canadian oil supply.
Then they blame the Saudi's who have actually increased production.
http://www.pennenergy.com/index/articledisplay/domenici-seeks-repeal-of-section-in-defense-bill/327255/s-articles/s-oil-gas-journal/s-general-interest/s-1.html
http://frontpagemagazine.com/Articles/Read.aspx?GUID=410C4463-6A4B-4D9A-BEA9-1C62E70238F4
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:H.R.6: