[heroineworshipper]

Behind the wall to wall headlines about Hillary, Ubama, in a small, buried AP story appeared "Oil passes $120"

The process is complete. No-one cares anymore. People don't feel like $120 is any more valuable than $30 last year.

http://biz.yahoo.com/ap/080505/oil_prices.html

[peak]

I'm hearing about Clinton's and Obama's plans on oil prices on FOX

[dukey]

wouldn't want to scare the mindless masses would we ?

But in all seriousness, the media have mostly abandoned reporting on actual news, and instead focus on trivial shit to keep the masses amused. Or the fake Obama vs Hillary garabage. When both candidates basically support the same things that matter.

Both voted for the patioct act. Obama voted to FUND the war. One of Obama's top advisors is Dr. Zbigniew Brzezinski. I mean lol how much more obvious does it have to get ?

$this->bbcode_second_pass_quote('', 'A')fter 9/11 Brzezinski was criticized for his role in the formation of the Afghan mujaheddin network, some of which would later form the Taliban and would shelter Al Qaeda camps. He asserted that blame rightfully ought to be laid at the feet of the Soviet Union, whose invasion he claimed radicalized the relatively stable Muslim society.

[Jack]

$this->bbcode_second_pass_quote('dukey', 'B')oth voted for the patioct act. Obama voted to FUND the war. One of Obama's top advisors is Dr. Zbigniew Brzezinski. I mean lol how much more obvious does it have to get ?

[emersonbiggins]

This quote makes my head hurt:

$this->bbcode_second_pass_quote('', 'I')t's impossible to tell whether gas prices will fall this summer, as they have in the past, Green said. However, he noted that demand for gasoline has fallen since early this year, a sign that high prices are cutting Americans' appetite for fuel. Analysts believe falling demand is preventing refiners from raising gas prices fast enough to keep up with oil prices, which they much buy to turn into fuel. While oil prices have risen nearly 94 percent in one year, gas prices are up only 19 percent.

[Cashmere]

Jack - really awesome. Dead on. Very very scary stuff.

[Schadenfreude]

$this->bbcode_second_pass_quote('heroineworshipper', 'B')ehind the wall to wall headlines about Hillary, Ubama, in a small, buried AP story appeared "Oil passes $120"

The process is complete. No-one cares anymore. People don't feel like $120 is any more valuable than $30 last year.

http://biz.yahoo.com/ap/080505/oil_prices.html

[Ferretlover]

$this->bbcode_second_pass_quote('dukey', 'w')ouldn't want to scare the mindless masses would we ?

[joeltrout]

$this->bbcode_second_pass_quote('heroineworshipper', ' ') People don't feel like $120 is any more valuable than $30 last year.

[kokoda]

The the last time that oil prices spiked like this were in the seventies during the Arab oil embargo.

That devastated the world's economy. However things returned to normal when oil prices dropped.

Ask yourself what will happen if oil prices don't drop back.

http://upload.wikimedia.org/wikipedia/c ... 1_2006.jpg

[fletch_961]

$this->bbcode_second_pass_quote('', 'W')hat is the approximate lag time before $120 oil rears its head in the refining department? I know that refining margins have been fairly thin, but they are bound to start losing money with their feedstock cost doubled and their retail prices only up 20%.

What gives?

[emersonbiggins]

Thanks for that reasonable response, fletch - it makes much more sense than that article.

[vision-master]

$this->bbcode_second_pass_quote('kokoda', 'T')he the last time that oil prices spiked like this were in the seventies during the Arab oil embargo.

That devastated the world's economy. However things returned to normal when oil prices dropped.

Ask yourself what will happen if oil prices don't drop back.

http://upload.wikimedia.org/wikipedia/c ... 1_2006.jpg

[americandream]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('kokoda', 'T')he the last time that oil prices spiked like this were in the seventies during the Arab oil embargo.

That devastated the world's economy. However things returned to normal when oil prices dropped.

Ask yourself what will happen if oil prices don't drop back.

http://upload.wikimedia.org/wikipedia/c ... 1_2006.jpg

[bonehead]

Rex Tillerson for President!

[bodigami]

$this->bbcode_second_pass_quote('', 'I')n most years, gas prices peak in May or early June, then mostly decline for the rest of the year. But oil at $120 -- and rising -- may force the experts to rewrite their rulebook.

[TheDude]

Oil prices are high. Oil prices have always been high.

[alokin]

The interesting thing of this price move is that crude fell to $112 and something last week and spiked to $120 in just one week. The price is much more volatile than some month ago. When I begun to look at the oil price maybe 6 month ago, it needed much more time to get back to the old level.
The nerves of our economic players are tightened.
Maybe the Iran decision is more serious than it seems, and it was not very much reported in the media either.

[Atlantean_Relic]

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('kokoda', 'T')he the last time that oil prices spiked like this were in the seventies during the Arab oil embargo.

That devastated the world's economy. However things returned to normal when oil prices dropped.

Ask yourself what will happen if oil prices don't drop back.

http://upload.wikimedia.org/wikipedia/c ... 1_2006.jpg

[hironegro]

Hope those baby boomers are happy!