...Oil prices hit new record high $112.21 a barrel

[Harry Hope]

From Bloomberg, 4/9/08:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aELqUli6hIkU&refer=home

Crude Oil, Gasoline Climb to Records on U.S. Inventory Decline

By Mark Shenk

April 9 (Bloomberg) --

Oil rose to a record $112.21 a barrel and gasoline jumped to the
highest ever after the Energy Department reported a surprise decline
in U.S. crude supplies as imports fell.

The 3.1 million-barrel decline in crude-oil stockpiles last week to
316 million barrels sent the price up as much as 3.4 percent in New
York, and gasoline futures jumped as much as 2.6 percent.

At the pump, consumers are paying a record $3.343 a gallon, said AAA,
the nation's largest motorist organization.

_________________________________________________

Harry

 

[Kickin' Ass and Takin' Names]

On Apr 9, 4:33

 

[DemocratsBetrayedUSA]

Is this your 3rd or 4th post today of the same thing harry?

 

[Jeff Strickland]

Has anybody ever considered that oil prices are set by the buyers instead of
the sellers?

OPEC delivers whatever they want to deliver, but those that are buying are
bidding up the price today because they will hold the supply tomorrow and
turn around and sell it to the highest bidder who will in turn sell it to
the highest bidder, until it gets to the refiners who will suppress supplies
to run the price at the pump higher. Buyers set the price of oil from the
well head to the pump, where sellers set the price. It seems to me that this
kind of pricing structure is lopsided in favor of just about everybody
except the consumer.

The guy that that owns the well also owns the infrastructure -- collection,
refining, and distribution -- all of the way to the gas tank under the back
seat of your car. He can control the supplies to the extent that he
effectively manipulates the demand and can affect a price change in his
favor. He says supply and demand drives the price, but the demand today and
the demand yesterday are the same but the price went up over night. Demand
today is higher than demand several years ago, but demand today and demand
yesterday are the same. You and I do not change from one day to the next,
but we do change over time. We (personally) do not change, but the numbers
of us change and the stuff we collectively want oil to do will change.

There is no rational reason for us to pay record prices at the pump and have
oil companies making record profits at the same time.

The ugly reality of energy is that consumers need protection from the antics
of suppliers.

Supply & Demand is a valid economic theory, but it requires voluntary
participants on the demand side, or the participants on the supply side
will become abusive. Why should a supplier sell a gallon for a dollar if
they can get away with selling a half gallon for two dollars?

 

[Another Oil Well Blocked by Democr]

Gas Hits $ 4.00 a gallon : Al Gore Cheers !

Remember when Liberals like Al Gore were telling us the US was wasting too
much gas and destroying the environment ? Remember when they were telling us
the US needed to be paying way higher gas prices like they do in Europe in
order to force US consumers to conserve gas ?


GORE ON GAS
PAUL EHRLICH'S BOOK, ON GAS PRICES: "The United States could start by
gradually imposing a higher gasoline tax-hiking it by one or two cents per
month until gasoline costs $2.50 to $3.00 per gallon, comparable to prices
in Europe and Japan." (Paul R. Ehrlich and Anne H. Ehrlich, The Population
Explosion, 1990, pp. 219-220) On the dustcover of the book, Gore said, "The
time for action is due, and past due. Ehrlich has written the prescription."
"Higher taxes on fossil fuels. . . is one of the logical first steps in
changing our policies in a manner consistent with a more responsible
approach to the environment." (Al Gore, Earth in the Balance, 1993, p. 173)

Al Gore Supported Plans For Even Higher Gas Prices By Endorsing The Kyoto
Protocol. At the 1997 Kyoto Conference, Al Gore committed to reducing United
States carbon emissions to less than 1990 levels by 2012. Key to discharging
Al Gore's promises at Kyoto is a carbon tax which experts have concluded
will raise gas prices by 65 cents a gallon and reduce average household
income by nearly $2700 even as the cost of goods and services rise in
response to higher taxes. ("Global Warming: The High Cost of the Kyoto
Protocol," WEFA, Inc., 1998, p. 1) Al Gore Cast The Tie-Breaking Vote To
Increase The Gas Tax By 4.3 Cents A Gallon. The Omnibus Budget
Reconciliation Act of 1993, a $241 billion tax increase proposed by the
Clinton/Gore Administration, passed on August 6, 1993 on the tie-breaking
vote cast by Gore. Included in the bill was a 4.3 cent per gallon gas tax
increase. Gore was also its leading advocate in the Administration according
to author Bob Woodward: "The meeting quickly turned to the gasoline tax.
Vice President Gore, a strong environmentalist who advocated energy taxes as
a way to reduce pollution, argued that the tax should be retained. President
Clinton could be attacked on character if he dropped the gasoline tax now,
Gore said emphatically and emotionally." (Bob Woodward, "The Agenda: Inside
the Clinton White House, Part 3 of 4," The Washington Post, June 7, 1994) Al
Gore Was The Chief Advocate Of The Proposed 1993 BTU Tax, Which Would Have
Raised Gas Prices By Six Percent. According to George Stephanopoulos, "Gore
was the chief advocate of the energy tax, arguing that it was good for both
the economy and the environment." (George Stephanopoulos, All Too Human: A
Political Education, 1999, p. 206) Al Gore Has Been A "Driving Force" Behind
The Increased Regulation Of Gasoline, Which Has Resulted In An Increase In
Gas Prices. Al Gore has been a "driving force" behind the stricter
regulation of gasoline, which has "pushed up production prices and created a
patchwork of contradictory gasoline formulas in various parts of the
country." (Bill Sammon, "Gore's Strategy Is To Vilify Oil Firms," The
Washington Times, June 22, 2000) A recent study by the bipartisan
Congressional Research Service cited these factors as contributing to the
massive increase in gas prices in the Midwest. (Lawrence Kumins, "Midwest
Gasoline Price Increases," Congressional Research Service, June 16, 2000)

 

[Another Oil Well Blocked by Democr]

"Kickin' Ass and Takin' Names" <PopUlist349@hotmail.com> wrote in message
news:5a583523-bdeb-4628-963c-28f29ca60259@x41g2000hsb.googlegroups.com...
Remember when Liberals like Al Gore were telling us the US was wasting too
much gas and destroying the environment ? Remember when they were telling us
the US needed to be paying way higher gas prices like they do in Europe in
order to force US consumers to conserve gas ?


GORE ON GAS
PAUL EHRLICH'S BOOK, ON GAS PRICES: "The United States could start by
gradually imposing a higher gasoline tax-hiking it by one or two cents per
month until gasoline costs $2.50 to $3.00 per gallon, comparable to prices
in Europe and Japan." (Paul R. Ehrlich and Anne H. Ehrlich, The Population
Explosion, 1990, pp. 219-220) On the dustcover of the book, Gore said, "The
time for action is due, and past due. Ehrlich has written the prescription."
"Higher taxes on fossil fuels. . . is one of the logical first steps in
changing our policies in a manner consistent with a more responsible
approach to the environment." (Al Gore, Earth in the Balance, 1993, p. 173)

Al Gore Supported Plans For Even Higher Gas Prices By Endorsing The Kyoto
Protocol. At the 1997 Kyoto Conference, Al Gore committed to reducing United
States carbon emissions to less than 1990 levels by 2012. Key to discharging
Al Gore's promises at Kyoto is a carbon tax which experts have concluded
will raise gas prices by 65 cents a gallon and reduce average household
income by nearly $2700 even as the cost of goods and services rise in
response to higher taxes. ("Global Warming: The High Cost of the Kyoto
Protocol," WEFA, Inc., 1998, p. 1) Al Gore Cast The Tie-Breaking Vote To
Increase The Gas Tax By 4.3 Cents A Gallon. The Omnibus Budget
Reconciliation Act of 1993, a $241 billion tax increase proposed by the
Clinton/Gore Administration, passed on August 6, 1993 on the tie-breaking
vote cast by Gore. Included in the bill was a 4.3 cent per gallon gas tax
increase. Gore was also its leading advocate in the Administration according
to author Bob Woodward: "The meeting quickly turned to the gasoline tax.
Vice President Gore, a strong environmentalist who advocated energy taxes as
a way to reduce pollution, argued that the tax should be retained. President
Clinton could be attacked on character if he dropped the gasoline tax now,
Gore said emphatically and emotionally." (Bob Woodward, "The Agenda: Inside
the Clinton White House, Part 3 of 4," The Washington Post, June 7, 1994) Al
Gore Was The Chief Advocate Of The Proposed 1993 BTU Tax, Which Would Have
Raised Gas Prices By Six Percent. According to George Stephanopoulos, "Gore
was the chief advocate of the energy tax, arguing that it was good for both
the economy and the environment." (George Stephanopoulos, All Too Human: A
Political Education, 1999, p. 206) Al Gore Has Been A "Driving Force" Behind
The Increased Regulation Of Gasoline, Which Has Resulted In An Increase In
Gas Prices. Al Gore has been a "driving force" behind the stricter
regulation of gasoline, which has "pushed up production prices and created a
patchwork of contradictory gasoline formulas in various parts of the
country." (Bill Sammon, "Gore's Strategy Is To Vilify Oil Firms," The
Washington Times, June 22, 2000) A recent study by the bipartisan
Congressional Research Service cited these factors as contributing to the
massive increase in gas prices in the Midwest. (Lawrence Kumins, "Midwest
Gasoline Price Increases," Congressional Research Service, June 16, 2000)

 

[B1ackwater]

On Wed, 9 Apr 2008 15:33:30 -0500, "Another Oil Well Blocked by
Democrap Filibusters" <High Oil Prices @Democrap Filibuster.org>
wrote:

>Gas Hits $ 4.00 a gallon : Al Gore Cheers !

Al has a LOT of money ... he can AFFORD what the fuel prices
are doing to the cost of everything. All he sees is an
opportunity to push $40,000 Goremobiles and $250,000 solar-cell
roofs onto people who can't afford a used Pinto and probably
still have a blue hurricane tarp over their roof.

And no, they CAN'T just stay home, walk or ride sissy bicycles
wearing those sissy helmets and speedos ... America isn't
laid out properly for that. Everywhere you need to go is five
miles and ten unsynchronized stoplights from the LAST place
you needed to go. This wasn't crowded Europe ... we had lots
of "spreadin' out room" and USED it - and can't UN-use it
in any timely fashion.

Maybe NEW communities ... assuming anything new is ever
built again ... can go with the European plan - live next
to where you work next to where you shop next to where
the kids go to school next to where your food grows next
to whatever. THAT will save a LOT of fuel and CO2. But
LA and Miami and Houston and such cannot be magically
transformed to that sort of "cellular" urban geography.
We've got what we've got.

Hey ... I saw in the paper that the hot new consumer item
in 'liberated' post-Fidel Cuba is Chinese-made electric
bicycles !
http://www.chinesemol.com/products/p117376.html

Let's see you commute 89 miles to work and back
every day using one of these

 

[orionca@earthlink.net]

On Wed, 9 Apr 2008 12:41:48 -0700 (PDT), "Kickin' Ass and Takin'
Names" <PopUlist349@hotmail.com> wrote:

>On Apr 9, 4:33

 

[Harold Burton]

In article
<5a583523-bdeb-4628-963c-28f29ca60259@x41g2000hsb.googlegroups.com>,
"Kickin' Ass and Takin' Names" <PopUlist349@hotmail.com> wrote:

> On Apr 9, 4:33

 

[Harold Burton]

In article <ilrqv3dtfvm55nt62b13vftjr1se9jfsg8@4ax.com>,
orionca@earthlink.net wrote:

> On Wed, 9 Apr 2008 12:41:48 -0700 (PDT), "Kickin' Ass and Takin'
> Names" <PopUlist349@hotmail.com> wrote:
>
> >On Apr 9, 4:33

 

[Harold Burton]

In article <pd5qv3d06khe7i1v2qiunhjbvvk2esub2g@4ax.com>,
Harry Hope <rivrvu@ix.netcom.com> wrote:

> From Bloomberg, 4/9/08:
> http://www.bloomberg.com/apps/news?pid=20601087&sid=aELqUli6hIkU&refer=home
>
> Crude Oil, Gasoline Climb to Records on U.S. Inventory Decline


so what is Nancy Pelosi doing about it. She promised in

<http://www.house.gov/pelosi/press/releases/April06/Rubberstamp.html>

that

"Democrats have a commonsense plan to help bring down skyrocketing gas
prices by cracking down on price gouging, rolling back the billions of
dollars in taxpayer subsidies, tax breaks and royalty relief given to
big oil and gas companies, and increasing production of alternative
fuels."

So where is that plan? DemocRATs are such liars.

If oil prices are high blame the DemocRATs, they're in charge and they
made a promise they haven't delivered on.

Snicker.

 

[Steve]

On 9-Apr-2008, Harold Burton <hal.i.burton@hotmail.com> wrote:

> Democrats have a commonsense plan to help bring down skyrocketing gas
> prices by cracking down on price gouging, rolling back the billions of
> dollars in taxpayer subsidies, tax breaks and royalty relief given to
> big oil and gas companies, and increasing production of alternative
> fuels.