Dow Down 400 - Oils hits $139 - Why?

[lati2d]

Go to your Netflix account and choose, "Who Killed The Electric Car."



Big Oil + ALL levels of govt + Industry = SCREWED CONSUMER

You mean Big Government isn't the root of all evil? You mean Big Business sometimes is the problem? I thought all we had to do was get government out of the way and Free Enterprise will solve all our problems!
I am so disillusioned .

[Tequila Revenge]

Go to your Netflix account and choose, "Who Killed The Electric Car."



Big Oil + ALL levels of govt + Industry = SCREWED CONSUMER

You mean Big Government isn't the root of all evil? You mean Big Business sometimes is the problem? I thought all we had to do was get government out of the way and Free Enterprise will solve all our problems!
I am so disillusioned .

It's ALL about $$$$$$. One must ASSume that there is a certain morality in the decisions behind a "free enterprise" system. Morality is scarse in today's world.

[krusin1]

..and lay off Jimmy Carter. He's done and does more good for more persons than YOU or ME!!!

Stagflation, incapable military, misery index, complete naivete' about foreign affairs.... lot of folks suffered for good ol'Jimmy....

Wow- Change " incapable military" to " incapable military policy" and your description of Jimmy Carter fits George W Bush to a tee!

I'm guessing you weren't around to endure Jimmy's time. Unemployment was about double what it is now, inflation was 2-3X what it is now, and the military was INCAPABLE as a result of JC failing to fund or support them. The mission to rescue the Iran hostages failed because the equipment/machinery didn't even run properly.

Say what you will about GWB, under him our military is effective and capable - even with the strains Iraq has caused.

Well - I'll be 58 next month so I WAS around in 1979 ( I was a young 28 ).
I will grant you that the military is both effective and capable - BUT GWB and his military fiasco in Iraq is neither effective or capable.

We agree on our military - capable and honorable. We can argue about GWB and Iraq, but our people in uniform are carrying out their mission in the finest American tradition. God bless and keep them.

[Bfan53]

The long and short of it is that it's bad.... going to get worse... and I'm more concerned about the value of a dollar than I am about the cost of oil...

The declining dollar is a major reason that the price of oil is skyrocketing.

Personally, I feel that gas in the $4-$5/gallon range is the real "tipping point" for American consumers. We suddenly can't afford to drive our cars (except for work), heat our homes, or fly anywhere. Hope you enjoy where you live because your world just got a lot smaller.......

[Alan11]

At this point in time we can all agree, Demorcrat, Republican, they ALL are freaking crooks regardless of the party they are with! This coming from a pretty conservative family.

This election coming up we all lose, because basically we are voting for which turd smells better. Obama's or McCain's. I personally think they both smell of tax increases and additional government handouts.

Gas went from 3.75 Wednesday night to 3.99 and 4.02 in some places in town yesterday WTH? Come on you useless pieces of crap in DC do something, which would be a hell of a lot more than what your doing now!

[flyboy55]

I don't agree that we are faced with a choice of the lesser of two evils.

McCain should have been the Republican nominee long ago. He would have made a much better president than George Bush (Although I would have taken Gore or Kerry over him in any election). I respect McCain and I think he has integrity. He spoke out against this administration's abuse of detainees (he speaks from personal experience) and in the past has taken stands on social issues that I could support. But it is precisely because of this that conservatives don't like him. He isn't considered 'Right' enough by the Republican establishment.

Unfortunately, he is 'married' to a number of failed foreign policy positions and failed military strategies that I'm afraid won't get this country anywhere in the short or long run.

Obama (if he wins) will likely make a good president. He will meet a lot of resistance because a lot of powerful groups are VERY happy with the status quo. He also has a big mess to clean up. I don't envy the next president in that respect. He will get blamed for things that folks should be blaming Bush for (but are reluctant to do so for some reason).

There are ongoing problems in this country that the current administration has ignored. Universal access to affordable health is a big one. The majority of personal bankruptcies in this country result from folks who get sick and can't pay their bills (and these people usually already HAVE insurance!!).

The current administration also spent far too much time and energy denying that climate change is even a reality, let alone actually having a public policy on what should be done.

There are numerous issues that need to be addressed and with Bush out of office, maybe we can finally move forward on them. We need to spend far more energy in this nation solving problems - not blowing things up.

All in all, I don't think a choice between McCain and Obama is a choice between the lesser of two evils. They BOTH stand head and shoulders above the guy who has had the job for the last eight years.

[lati2d]

I don't agree that we are faced with a choice of the lesser of two evils.

McCain should have been the Republican nominee long ago. He would have made a much better president than George Bush (Although I would have taken Gore or Kerry over him in any election). I respect McCain and I think he has integrity. He spoke out against this administration's abuse of detainees (he speaks from personal experience) and in the past has taken stands on social issues that I could support. But it is precisely because of this that conservatives don't like him. He isn't considered 'Right' enough by the Republican establishment.

Unfortunately, he is 'married' to a number of failed foreign policy positions and failed military strategies that I'm afraid won't get this country anywhere in the short or long run.

Obama (if he wins) will likely make a good president. He will meet a lot of resistance because a lot of powerful groups are VERY happy with the status quo. He also has a big mess to clean up. I don't envy the next president in that respect. He will get blamed for things that folks should be blaming Bush for (but are reluctant to do so for some reason).

There are ongoing problems in this country that the current administration has ignored. Universal access to affordable health is a big one. The majority of personal bankruptcies in this country result from folks who get sick and can't pay their bills (and these people usually already HAVE insurance!!).

The current administration also spent far too much time and energy denying that climate change is even a reality, let alone actually having a public policy on what should be done.

There are numerous issues that need to be addressed and with Bush out of office, maybe we can finally move forward on them. We need to spend far more energy in this nation solving problems - not blowing things up.

All in all, I don't think a choice between McCain and Obama is a choice between the lesser of two evils. They BOTH stand head and shoulders above the guy who has had the job for the last eight years.

Flyboy - You echoed my feelings exactly. There IS a BIG difference in this election. The nation cannot afford to continue to drift backwards on so many issues. We have wasted 8 years with George Bush .
The question in November will be " Are you better off than you were 4 years ago"? And I think the country will sound a resounding NO!

[pojo]

Our founding fathers still continue to roll in their graves......

Lobbyists, Politicians, Oil Companies..... have all found the proper way to screw with the american budget.....

The rich are getting richer and the poor are getting poor.

[johnson2113]

Neal Boortz says it best, "The rich keep getting richer because they do the things that make them rich, the poor keep getting poorer because they do the things that make them poor."

and

"If you hate the rich so much quit your damn job and go to work for a poor person."

[moog]

Humans. Greed. Short term thinking. Fear. God's will. Science is evil. Math sucks.



Blaming the left, the right, the Arabs, the commies..... So muuuuch easier.
Phew. Burden is not on me.

[SharkOnLand]

Jim Cramer ( Mad Money ) on CNBC just said on the Nightly news that gas would be $ 5.00/ gallon by Fourth of July. Sure glad I don't own one of those gas guzzlers.

I saw somewhere over the weekend, some "expert" claiming that today's gas at the pumps was from the oil that was 80-90 dollars a barrel. When we start using the oil that's 130+ a barrel, gas prices will likely hit $6 a gallon....

[RinglingRingling]

..and lay off Jimmy Carter. He's done and does more good for more persons than YOU or ME!!!

Stagflation, incapable military, misery index, complete naivete' about foreign affairs.... lot of folks suffered for good ol'Jimmy....

inflation under Shrub.. up (according to the latest from the Fed Chair)
incapable military ... stretched pretty thin between a war in Afghanistan and the ongoing occupation of Iraq
misery index.. probably about the same as under Ford and Carter with unemployement rising, gas prices rising, and the like..
complete naivete' about foreign affairs.. Shrub pi$$ed away any and all good will we had following 9/11 in the international community.

Hmmm.. The Who had it right

[oph]

here is a view that might interest some

http://sunbeltblog.blogspot.com/2008/06 ... icing.html

[RinglingRingling]

I don't agree that we are faced with a choice of the lesser of two evils.

McCain should have been the Republican nominee long ago. He would have made a much better president than George Bush (Although I would have taken Gore or Kerry over him in any election). I respect McCain and I think he has integrity. He spoke out against this administration's abuse of detainees (he speaks from personal experience) and in the past has taken stands on social issues that I could support. But it is precisely because of this that conservatives don't like him. He isn't considered 'Right' enough by the Republican establishment.

Unfortunately, he is 'married' to a number of failed foreign policy positions and failed military strategies that I'm afraid won't get this country anywhere in the short or long run.

Obama (if he wins) will likely make a good president. He will meet a lot of resistance because a lot of powerful groups are VERY happy with the status quo. He also has a big mess to clean up. I don't envy the next president in that respect. He will get blamed for things that folks should be blaming Bush for (but are reluctant to do so for some reason).

There are ongoing problems in this country that the current administration has ignored. Universal access to affordable health is a big one. The majority of personal bankruptcies in this country result from folks who get sick and can't pay their bills (and these people usually already HAVE insurance!!).

The current administration also spent far too much time and energy denying that climate change is even a reality, let alone actually having a public policy on what should be done.

There are numerous issues that need to be addressed and with Bush out of office, maybe we can finally move forward on them. We need to spend far more energy in this nation solving problems - not blowing things up.

All in all, I don't think a choice between McCain and Obama is a choice between the lesser of two evils. They BOTH stand head and shoulders above the guy who has had the job for the last eight years.

Flyboy - You echoed my feelings exactly. There IS a BIG difference in this election. The nation cannot afford to continue to drift backwards on so many issues. We have wasted 8 years with George Bush .
The question in November will be " Are you better off than you were 4 years ago"? And I think the country will sound a resounding NO!

we didn't waste 8 years with Shrub... 6 years with Shrub and a solidly-Repub Congress, we started digging for China and kicked it into overdrive in 2004...

if we aren't on the ashheap of history like such world powers as Spain and Sweden by 2020, I would be surprised.

[Tequila Revenge]

Remember Lee Iacocca, the man who rescued Chrysler Corporation from its death throes?

Had enough?

He is now 82 years old and has a new book. Here are some excerpts:

'Am I the only guy in this country who's fed up with what's happening? Where the heck is our outrage? We should be screaming bloody murder. We've got a gang of clueless bozos steering our ship of state right over a cliff, we've got corporate gangsters stealing us blind, and we can't even clean up after a hurricane much less build a hybrid car. But instead of getting mad, everyone sits around and nods their heads when the politicians say, 'Stay the course.'

Stay the course? You've got to be kidding. This is America , not the darn 'Titanic.' I'll give you a sound bite: 'Throw all the bums out!'

You might think I'm getting senile, that I've gone off my rocker, and maybe I have. But someone has to speak up. I hardly recognize this country anymore.

The most famous business leaders are not the innovators but the guys in handcuffs. While we're fiddling in Iraq , the Middle East is burning and nobody seems to know what to do. And the press is waving 'pom poms' instead of asking hard questions. That's not the promise of the ' America ' my parents and yours traveled across the ocean for. I've had enough. How about you?

I'll go a step further. You can't call yourself a patriot if you're not outraged. This is a fight I'm ready and willing to have. The Biggest 'C' is Crisis! (Iacocca elaborates on nine C's of leadership - crisis being the first.)

Leadership is forged in times of crisis. Leaders are made - not born. It's easy to sit there with your feet up on the desk and talk theory. Or send someone else's kids off to war when you've never seen a battlefield yourself. It's another thing to lead when your world comes tumbling down.

We're running the biggest deficit in the history of the country.

We're losing the manufacturing edge to Asia , while our once-great companies are getting slaughtered by health care costs.

Gas prices are skyrocketing, and nobody in power has a coherent energy policy.

Our schools are in trouble!

Our borders are like sieves.

The middle class is being squeezed every which way. These are times that cry out for leadership.

But when you look around, you've got to ask, ' Where have all the leaders gone?' Where are the curious, creative communicators? Where are the people of character, courage, conviction, omnipotence, and common sense? I may be a sucker for alliteration, but I think you get the point.

Name me a leader who has a better idea for homeland security than making us take off our shoes in airports and throw away our shampoo?

We've spent billions of dollars building a huge new bureaucracy, and all we know how to do is react to things that have already happened.

Name me one leader who emerged from the crisis of Hurricane Katrina.

Congress has yet to spend a single day evaluating the response to the hurricane, or demanding accountability for the decisions that were made in the crucial hours after the storm. Everyone's hunkering down, fingers crossed, hoping it doesn't happen again.


Name me a government leader who can articulate a plan for paying down the debit, or solving the energy crisis, or managing the health care problem. The silence is deafening. But these are the crises that are eating away at our country and milking the middle class dry.

I have news for the gang in Congress:

'We didn't elect you to sit on your butts and do nothing and remain silent while our democracy is being hijacked and our greatness is being replaced with mediocrity.' Spending all our time describing everything using politically correct euphemisms as not to step on anyone toes. Call a spade a spade! Lets get real again.

What is everybody so afraid of? That some bonehead on Fox News will call them a name? Give me a break. Why don't you guys show some spine for a change?

Had Enough?

http://www.snopes.com/politics/soapbox/iacocca.asp

There's more good reading on the Snopes page.

[Tequila Revenge]

Old News

http://news.yahoo.com/s/nm/20080609/bs_ ... LilUADW7oF

Oil seen hitting $150 this summer: Goldman analyst

KUALA LUMPUR (Reuters) - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs (GS.N) said on Monday, as tighter supplies outweigh weakening demand.

"I would suggest that the likelihood of that happening sooner has increased tremendously ... sometime in summer," Jeffrey Currie told an oil and gas conference in the Malaysian capital, referring to oil at $150 a barrel.

Goldman Sachs, the most active investment bank in energy markets and one of the first to point to triple-digit oil more than two years ago -- a once unthinkable level -- said last month oil could shoot up to $200 within the next two years as part of a "super spike."

[RinglingRingling]

Old News

http://news.yahoo.com/s/nm/20080609/bs_ ... LilUADW7oF

Oil seen hitting $150 this summer: Goldman analyst

KUALA LUMPUR (Reuters) - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs (GS.N) said on Monday, as tighter supplies outweigh weakening demand.

"I would suggest that the likelihood of that happening sooner has increased tremendously ... sometime in summer," Jeffrey Currie told an oil and gas conference in the Malaysian capital, referring to oil at $150 a barrel.

Goldman Sachs, the most active investment bank in energy markets and one of the first to point to triple-digit oil more than two years ago -- a once unthinkable level -- said last month oil could shoot up to $200 within the next two years as part of a "super spike."

and $5 gas, takes the country down. Because the big issue no one really mentions: Diesel has been over $4 for months. Not a lot of big rigs running on gasoline, so those higher diesel prices get passed on too. Gas at $5 means diesel at $6 or so.

Thank you Shrub. You've managed to secure a legacy for yourself...

[Tequila Revenge]

Old News

http://news.yahoo.com/s/nm/20080609/bs_ ... LilUADW7oF

Oil seen hitting $150 this summer: Goldman analyst

KUALA LUMPUR (Reuters) - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs (GS.N) said on Monday, as tighter supplies outweigh weakening demand.

"I would suggest that the likelihood of that happening sooner has increased tremendously ... sometime in summer," Jeffrey Currie told an oil and gas conference in the Malaysian capital, referring to oil at $150 a barrel.

Goldman Sachs, the most active investment bank in energy markets and one of the first to point to triple-digit oil more than two years ago -- a once unthinkable level -- said last month oil could shoot up to $200 within the next two years as part of a "super spike."

and $5 gas, takes the country down. Because the big issue no one really mentions: Diesel has been over $4 for months. Not a lot of big rigs running on gasoline, so those higher diesel prices get passed on too. Gas at $5 means diesel at $6 or so.

Thank you Shrub. You've managed to secure a legacy for yourself...

Remember when truckers would get side by side on the freeways and drive at 55 mph all the way to Washington DC to protest high fuel prices, backing up traffic for miles and miles? I miss those days.

[Bubbaphan]

Jim Cramer ( Mad Money ) on CNBC just said on the Nightly news that gas would be $ 5.00/ gallon by Fourth of July. Sure glad I don't own one of those gas guzzlers.

Now I'm not so ashamed to drive a Neon...

[Skibo]

The cost of gasoline is one thing right now. But poo will hit the fan this fall as the home heating season kicks in. Fuel oil is not regulated as the public utilities. The home heating oil providers can refuse delivery to people that do not have the funds to pay. There is going to be a lot of very cold homes this winter and of course the tragedies that occur when alternative means of heat are used unsafely.