Oil prices hit new record high $90.07 a barrel; gas on the rise; home heating bills on the rise

H

Harry Hope

Guest
Gasoline prices, which are up more than 5 cents this week, climbed
nearly 2 cents to a national average of $2.81 a gallon for
regular-grade gasoline, according to motorist group AAA.

Higher pump prices, which are still far below the record high reached
in late May of $3.22 a gallon, are poised to move higher, said Hicks.

"Gas prices have not responded in the same fashion here with oil
prices going up, but we think that will eventually happen," he said.

Home heating bills on the rise
http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postversion=2007100912



http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909

October 19 2007

Oil prices top $90; gas on the rise

Dollar weakness and supply fears lift crude prices to new heights; gas
prices keep climbing, up nearly 2 cents a barrel.

By David Ellis, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) --

Oil prices extended their record-setting run Friday, briefly breaking
above $90 a barrel for the first time ever, while gas prices continued
their week-long climb.

Light, sweet crude for the November contract climbed as high as $90.07
a barrel in electronic trading before turning lower, as prices lost 53
cents to $88.94 a barrel on the New York Mercantile exchange.

Crude prices settled at a record $89.47 a barrel Thursday.

__________________________________________

Harry
 
Harry Hope <rivrvu@ix.netcom.com> allegedly said in
news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:

>
> Gasoline prices, which are up more than 5 cents this week, climbed
> nearly 2 cents to a national average of $2.81 a gallon for
> regular-grade gasoline, according to motorist group AAA.
>
> Higher pump prices, which are still far below the record high reached
> in late May of $3.22 a gallon, are poised to move higher, said Hicks.
>
> "Gas prices have not responded in the same fashion here with oil
> prices going up, but we think that will eventually happen," he said.
>
> Home heating bills on the rise
> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postvers
> ion=2007100912
>
>
>
> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>
> October 19 2007
>
> Oil prices top $90; gas on the rise
>
> Dollar weakness and supply fears lift crude prices to new heights; gas
> prices keep climbing, up nearly 2 cents a barrel.
>
> By David Ellis, CNNMoney.com staff writer
>
> NEW YORK (CNNMoney.com) --
>
> Oil prices extended their record-setting run Friday, briefly breaking
> above $90 a barrel for the first time ever, while gas prices continued
> their week-long climb.
>
> Light, sweet crude for the November contract climbed as high as $90.07
> a barrel in electronic trading before turning lower, as prices lost 53
> cents to $88.94 a barrel on the New York Mercantile exchange.
>
> Crude prices settled at a record $89.47 a barrel Thursday.
>
> __________________________________________
>
> Harry
>

"Now is the winter of our discontent, made glorious summer by this son of
bush" (with apologies to Billy S.)

It will be amusing to watch as the reichtards try and spin this, along
with their "greatest economy in US history" nonsense.

--
AW - Head "Democrats for Larry" Campaign

<small but dangerous>
 
Amanda Williams wrote:
> Harry Hope <rivrvu@ix.netcom.com> allegedly said in
> news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:
>
>> Gasoline prices, which are up more than 5 cents this week, climbed
>> nearly 2 cents to a national average of $2.81 a gallon for
>> regular-grade gasoline, according to motorist group AAA.
>>
>> Higher pump prices, which are still far below the record high reached
>> in late May of $3.22 a gallon, are poised to move higher, said Hicks.
>>
>> "Gas prices have not responded in the same fashion here with oil
>> prices going up, but we think that will eventually happen," he said.
>>
>> Home heating bills on the rise
>> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postvers
>> ion=2007100912
>>
>>
>>
>> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>>
>> October 19 2007
>>
>> Oil prices top $90; gas on the rise
>>
>> Dollar weakness and supply fears lift crude prices to new heights; gas
>> prices keep climbing, up nearly 2 cents a barrel.
>>
>> By David Ellis, CNNMoney.com staff writer
>>
>> NEW YORK (CNNMoney.com) --
>>
>> Oil prices extended their record-setting run Friday, briefly breaking
>> above $90 a barrel for the first time ever, while gas prices continued
>> their week-long climb.
>>
>> Light, sweet crude for the November contract climbed as high as $90.07
>> a barrel in electronic trading before turning lower, as prices lost 53
>> cents to $88.94 a barrel on the New York Mercantile exchange.
>>
>> Crude prices settled at a record $89.47 a barrel Thursday.
>>
>> __________________________________________
>>
>> Harry
>>
>
> "Now is the winter of our discontent, made glorious summer by this son of
> bush" (with apologies to Billy S.)
>
> It will be amusing to watch as the reichtards try and spin this, along
> with their "greatest economy in US history" nonsense.
>

They will just blame Pelosi,Reid and Clinton. Bush-the no fault
administration.
 
"George Grapman" <sfgeorge@paccbell.net> wrote in message
news:iG4Si.58889$Um6.46857@newssvr12.news.prodigy.net...
> Amanda Williams wrote:
>> Harry Hope <rivrvu@ix.netcom.com> allegedly said in
>> news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:
>>> Gasoline prices, which are up more than 5 cents this week, climbed
>>> nearly 2 cents to a national average of $2.81 a gallon for
>>> regular-grade gasoline, according to motorist group AAA.
>>>
>>> Higher pump prices, which are still far below the record high reached
>>> in late May of $3.22 a gallon, are poised to move higher, said Hicks.
>>>
>>> "Gas prices have not responded in the same fashion here with oil
>>> prices going up, but we think that will eventually happen," he said.
>>> Home heating bills on the rise
>>> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postvers
>>> ion=2007100912
>>>
>>>
>>> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>>>
>>> October 19 2007
>>>
>>> Oil prices top $90; gas on the rise
>>>
>>> Dollar weakness and supply fears lift crude prices to new heights; gas
>>> prices keep climbing, up nearly 2 cents a barrel.
>>>
>>> By David Ellis, CNNMoney.com staff writer
>>>
>>> NEW YORK (CNNMoney.com) --
>>>
>>> Oil prices extended their record-setting run Friday, briefly breaking
>>> above $90 a barrel for the first time ever, while gas prices continued
>>> their week-long climb.
>>>
>>> Light, sweet crude for the November contract climbed as high as $90.07
>>> a barrel in electronic trading before turning lower, as prices lost 53
>>> cents to $88.94 a barrel on the New York Mercantile exchange.
>>>
>>> Crude prices settled at a record $89.47 a barrel Thursday.
>>>
>>> __________________________________________
>>>
>>> Harry
>>>
>>
>> "Now is the winter of our discontent, made glorious summer by this son of
>> bush" (with apologies to Billy S.)
>>
>> It will be amusing to watch as the reichtards try and spin this, along
>> with their "greatest economy in US history" nonsense.
>>
>
> They will just blame Pelosi,Reid and Clinton. Bush-the no fault
> administration.
==============

Wy? Are they responsible for the 2 Billion Chinese and Indian's massive
consumption of oil and the resulting demand rises?
Oh thats right, It's Bush's fault again.

China's oil demand unlikely to decline
(China Business Weekly)
Updated: 2004-10-07 08:57

A surge in Chinese and Indian oil demand, which has helped push world prices
to record highs, is not a passing phenomenon, analysts suggest.

Government price adjustments have protected emerging Chinese consumers from
the jump in international energy prices. China is also trying to rein in the
economic overheating, and trying to avoid a hard landing that would hurt
consumers and damage oil demand.

Structural shifts that have driven demand -- higher personal wealth, booming
car sales and crippling electricity shortages -- will not soon be reversed.
That underpins the need for transport and power-generation fuels.

"High prices have not yet resulted in any decline in demand. We would need
to have prices at today's levels for at least one more year before prices
start to have any impact," said Fatih Birol, chief economist at the
International Energy Agency (IEA).

"But demand growth could slow compared to what growth would be if prices
were in the US$20s."

IEA estimates Chinese and Indian demand will grow 970,000 barrels per day
(bpd) this year -- nearly 40 per cent of total world growth.

China accounts for the lion's share, with 840,000 bpd of incremental demand.

The surge in consumption has stretched world production capacity and helped
drive oil prices to record highs. The US crude has averaged US$38.60 a
barrel so far this year, up more than US$10 from the previous five years.

Short-term measures to curb consumption and increase efficiency would most
likely come in the transport sector, Birol said.

Growth in Chinese car sales, which almost doubled last year, has decelerated
this year. Even so, sales are forecast to increase 10 to 20 per cent this
year.

Sales of passenger vehicles in India rose more than 18 per cent,
year-on-year, in July.

"Vehicle fuel efficiency will give the fastest results in Asian countries.
The Chinese Government is very alert to this point, and is looking at fuel
efficiency standards," said Birol.

Although China's domestic oil prices are linked to the three global trading
hubs -- Rotterdam, Singapore and New York -- the government controls retail
pricing, and has maintained a cap on domestic levels since May.

That has squeezed margins at the refiners.

The Chinese Government ordered an average 6-per-cent increase to retail
petrol and diesel prices in August. Despite the rise, domestic levels are
still far below international markets.

The Chinese Government, worried that excess growth could set the economy up
for a painful downturn, has curbed credit, tightened lending to some
industries, such as cement and steel, and made it tougher to gain approval
for industrial projects.

"It's not prices that will slow Chinese demand. Not at all. It's the credit
crackdown," said Deborah White, senior economist at Societe General in
Paris.

Chinese demand grew at a much slower rate in July, at just 778,000 bpd
versus a year ago, compared with the proceeding three months, which booked
annual growth of 1.1-1.45 million bpd each, White said.

"Some of the sectors the government has pinpointed, like cement, are very
energy intensive. So, in effect, the measures could be seen as a form of
energy efficiency," White said.

In India, where a week-long truckers' strike last month was expected to
shave demand for the third quarter, the government slashed taxes on oil
products in August to dampen inflation, which was running -- at a 3-1/2 year
high -- at more than 8 per cent.

"Inflation is causing some worries. But I do not see any major decline in
oil demand growth in the next two or three years," said R. K. Pachauri,
director general of The Energy and Resources Institute in New Delhi.

There is debate over whether China's massive crude imports for this year --
up about 40 per cent from 2003 -- represent real demand.

Some analysts reckon the Chinese Government has ordered State oil companies
to hold inventory.

JP Morgan has estimated China may have stocked as much as 285 million
barrels of oil since early last year.

Chinese officials have said work is going on to build the initial phase of a
strategic oil stockpile, which could start to be filled within the next
year.

"Even if there's no formal strategic stocking, some refiners have been
building stocks. Substantial volumes have been stocked already, of that
there is no doubt," said Al Troner, president of Seattle-based Asia-Pacific
Energy Consulting Inc.
 
On Fri, 19 Oct 2007 12:23:55 -0400, Al Goreon's Great Global Warming Scam
wrote:

> "George Grapman" <sfgeorge@paccbell.net> wrote in message
> news:iG4Si.58889$Um6.46857@newssvr12.news.prodigy.net...
>> Amanda Williams wrote:
>>> Harry Hope <rivrvu@ix.netcom.com> allegedly said in
>>> news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:
>>>> Gasoline prices, which are up more than 5 cents this week, climbed
>>>> nearly 2 cents to a national average of $2.81 a gallon for
>>>> regular-grade gasoline, according to motorist group AAA.
>>>>
>>>> Higher pump prices, which are still far below the record high reached
>>>> in late May of $3.22 a gallon, are poised to move higher, said Hicks.
>>>>
>>>> "Gas prices have not responded in the same fashion here with oil
>>>> prices going up, but we think that will eventually happen," he said.
>>>> Home heating bills on the rise
>>>> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postvers
>>>> ion=2007100912
>>>>
>>>>
>>>> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>>>>
>>>> October 19 2007
>>>>
>>>> Oil prices top $90; gas on the rise
>>>>
>>>> Dollar weakness and supply fears lift crude prices to new heights; gas
>>>> prices keep climbing, up nearly 2 cents a barrel.
>>>>
>>>> By David Ellis, CNNMoney.com staff writer
>>>>
>>>> NEW YORK (CNNMoney.com) --
>>>>
>>>> Oil prices extended their record-setting run Friday, briefly breaking
>>>> above $90 a barrel for the first time ever, while gas prices continued
>>>> their week-long climb.
>>>>
>>>> Light, sweet crude for the November contract climbed as high as $90.07
>>>> a barrel in electronic trading before turning lower, as prices lost 53
>>>> cents to $88.94 a barrel on the New York Mercantile exchange.
>>>>
>>>> Crude prices settled at a record $89.47 a barrel Thursday.
>>>>
>>>> __________________________________________
>>>>
>>>> Harry
>>>>
>>>
>>> "Now is the winter of our discontent, made glorious summer by this son of
>>> bush" (with apologies to Billy S.)
>>>
>>> It will be amusing to watch as the reichtards try and spin this, along
>>> with their "greatest economy in US history" nonsense.
>>>
>>
>> They will just blame Pelosi,Reid and Clinton. Bush-the no fault
>> administration.
> ==============
>
> Wy? Are they responsible for the 2 Billion Chinese and Indian's massive
> consumption of oil and the resulting demand rises?
>

How is that you manage to miss the point on every issue? The main reason
for the record prices is the devaluing of the dollar.
 
"P.Henry" <P.Henery@revolution.org> wrote in message
news:wj2jh9iko0xk.1p5mwthv7hjvs.dlg@40tude.net...
China's oil demand unlikely to decline
(China Business Weekly)
Updated: 2004-10-07 08:57

A surge in Chinese and Indian oil demand, which has helped push world prices
to record highs, is not a passing phenomenon, analysts suggest.

Government price adjustments have protected emerging Chinese consumers from
the jump in international energy prices. China is also trying to rein in the
economic overheating, and trying to avoid a hard landing that would hurt
consumers and damage oil demand.

Structural shifts that have driven demand -- higher personal wealth, booming
car sales and crippling electricity shortages -- will not soon be reversed.
That underpins the need for transport and power-generation fuels.

"High prices have not yet resulted in any decline in demand. We would need
to have prices at today's levels for at least one more year before prices
start to have any impact," said Fatih Birol, chief economist at the
International Energy Agency (IEA).

"But demand growth could slow compared to what growth would be if prices
were in the US$20s."

IEA estimates Chinese and Indian demand will grow 970,000 barrels per day
(bpd) this year -- nearly 40 per cent of total world growth.

China accounts for the lion's share, with 840,000 bpd of incremental demand.

The surge in consumption has stretched world production capacity and helped
drive oil prices to record highs. The US crude has averaged US$38.60 a
barrel so far this year, up more than US$10 from the previous five years.

Short-term measures to curb consumption and increase efficiency would most
likely come in the transport sector, Birol said.

Growth in Chinese car sales, which almost doubled last year, has decelerated
this year. Even so, sales are forecast to increase 10 to 20 per cent this
year.

Sales of passenger vehicles in India rose more than 18 per cent,
year-on-year, in July.

"Vehicle fuel efficiency will give the fastest results in Asian countries.
The Chinese Government is very alert to this point, and is looking at fuel
efficiency standards," said Birol.

Although China's domestic oil prices are linked to the three global trading
hubs -- Rotterdam, Singapore and New York -- the government controls retail
pricing, and has maintained a cap on domestic levels since May.

That has squeezed margins at the refiners.

The Chinese Government ordered an average 6-per-cent increase to retail
petrol and diesel prices in August. Despite the rise, domestic levels are
still far below international markets.

The Chinese Government, worried that excess growth could set the economy up
for a painful downturn, has curbed credit, tightened lending to some
industries, such as cement and steel, and made it tougher to gain approval
for industrial projects.

"It's not prices that will slow Chinese demand. Not at all. It's the credit
crackdown," said Deborah White, senior economist at Societe General in
Paris.

Chinese demand grew at a much slower rate in July, at just 778,000 bpd
versus a year ago, compared with the proceeding three months, which booked
annual growth of 1.1-1.45 million bpd each, White said.

"Some of the sectors the government has pinpointed, like cement, are very
energy intensive. So, in effect, the measures could be seen as a form of
energy efficiency," White said.

In India, where a week-long truckers' strike last month was expected to
shave demand for the third quarter, the government slashed taxes on oil
products in August to dampen inflation, which was running -- at a 3-1/2 year
high -- at more than 8 per cent.

"Inflation is causing some worries. But I do not see any major decline in
oil demand growth in the next two or three years," said R. K. Pachauri,
director general of The Energy and Resources Institute in New Delhi.

There is debate over whether China's massive crude imports for this year --
up about 40 per cent from 2003 -- represent real demand.

Some analysts reckon the Chinese Government has ordered State oil companies
to hold inventory.

JP Morgan has estimated China may have stocked as much as 285 million
barrels of oil since early last year.

Chinese officials have said work is going on to build the initial phase of a
strategic oil stockpile, which could start to be filled within the next
year.

"Even if there's no formal strategic stocking, some refiners have been
building stocks. Substantial volumes have been stocked already, of that
there is no doubt," said Al Troner, president of Seattle-based Asia-Pacific
Energy Consulting Inc.
 
"George Grapman" <sfgeorge@paccbell.net> wrote in message
news:Mc5Si.15392$JD.7432@newssvr21.news.prodigy.net...
> So when will Bush jawbone OPEC to lower prices?
============
When did OPEC seize control of all the World Commodities Trading Exchanges
 
Al Goreon's Great Global Warming Scam wrote:
> "George Grapman" <sfgeorge@paccbell.net> wrote in message
> news:Mc5Si.15392$JD.7432@newssvr21.news.prodigy.net...
>> So when will Bush jawbone OPEC to lower prices?
> ============
> When did OPEC seize control of all the World Commodities Trading Exchanges
>
>
Why won't you answer the question?
 
"George Grapman" <sfgeorge@paccbell.net> wrote in message
news:pn5Si.15397$JD.7604@newssvr21.news.prodigy.net...
> Al Goreon's Great Global Warming Scam wrote:
>> "George Grapman" <sfgeorge@paccbell.net> wrote in message
>> news:Mc5Si.15392$JD.7432@newssvr21.news.prodigy.net...
>>> So when will Bush jawbone OPEC to lower prices?
>> ============
>> When did OPEC seize control of all the World Commodities Trading
>> Exchanges
> Why won't you answer the question?
=============

I see you are too stupid to get my point that OPEC does not control oil
prices. But then paper ballots are too confusing for you to figure out as
well, so why am i not surprised.
 
Al Goreon's Great Global Warming Scam wrote:
> "George Grapman" <sfgeorge@paccbell.net> wrote in message
> news:pn5Si.15397$JD.7604@newssvr21.news.prodigy.net...
>> Al Goreon's Great Global Warming Scam wrote:
>>> "George Grapman" <sfgeorge@paccbell.net> wrote in message
>>> news:Mc5Si.15392$JD.7432@newssvr21.news.prodigy.net...
>>>> So when will Bush jawbone OPEC to lower prices?
>>> ============
>>> When did OPEC seize control of all the World Commodities Trading
>>> Exchanges
>> Why won't you answer the question?
> =============
>
> I see you are too stupid to get my point that OPEC does not control oil
> prices. But then paper ballots are too confusing for you to figure out as
> well, so why am i not surprised.
>
>


http://www.foxnews.com/story/0,2933,154423,00.html




Bush criticized President Clinton for tapping into the reserve in 2000,
suggesting it was a political gesture to help Vice President Al Gore,
then Bush's Democratic rival for the White House.

Bush also criticized the Clinton administration for not lobbying the
Organization of Petroleum Exporting Countries, saying Clinton "must
jawbone OPEC (search) members to lower prices." Yet as president, Bush
mostly has emphasized that market forces should set world oil prices.

In a CNBC interview, Bush said he would press the Saudi crown prince to
boost production. "I'll be talking to our friends about making sure they
understand that if they pinch the world economy too much, it'll affect
their ability to sell crude oil in the long run," Bush said.
 
You posted something similar just a few days ago. I responded to the last
posting. Did you respond? No you did not. If you want this to be a one
way covnersation, why should anyone read what you post?

"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com...
>
> Gasoline prices, which are up more than 5 cents this week, climbed
> nearly 2 cents to a national average of $2.81 a gallon for
> regular-grade gasoline, according to motorist group AAA.
>
> Higher pump prices, which are still far below the record high reached
> in late May of $3.22 a gallon, are poised to move higher, said Hicks.
>
> "Gas prices have not responded in the same fashion here with oil
> prices going up, but we think that will eventually happen," he said.
>
> Home heating bills on the rise
> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postversion=2007100912
>
>
>
> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>
> October 19 2007
>
> Oil prices top $90; gas on the rise
>
> Dollar weakness and supply fears lift crude prices to new heights; gas
> prices keep climbing, up nearly 2 cents a barrel.
>
> By David Ellis, CNNMoney.com staff writer
>
> NEW YORK (CNNMoney.com) --
>
> Oil prices extended their record-setting run Friday, briefly breaking
> above $90 a barrel for the first time ever, while gas prices continued
> their week-long climb.
>
> Light, sweet crude for the November contract climbed as high as $90.07
> a barrel in electronic trading before turning lower, as prices lost 53
> cents to $88.94 a barrel on the New York Mercantile exchange.
>
> Crude prices settled at a record $89.47 a barrel Thursday.
>
> __________________________________________
>
> Harry
 
"Al Goreon's Great Global Warming Scam" <Scandal@AlGoreon's Home.com>
allegedly said in news:4718da1a$0$7209$7836cce5@newsrazor.net:

>
> "George Grapman" <sfgeorge@paccbell.net> wrote in message
> news:iG4Si.58889$Um6.46857@newssvr12.news.prodigy.net...
>> Amanda Williams wrote:
>>> Harry Hope <rivrvu@ix.netcom.com> allegedly said in
>>> news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:
>>>> Gasoline prices, which are up more than 5 cents this week, climbed
>>>> nearly 2 cents to a national average of $2.81 a gallon for
>>>> regular-grade gasoline, according to motorist group AAA.
>>>>
>>>> Higher pump prices, which are still far below the record high
>>>> reached in late May of $3.22 a gallon, are poised to move higher,
>>>> said Hicks.
>>>>
>>>> "Gas prices have not responded in the same fashion here with oil
>>>> prices going up, but we think that will eventually happen," he
>>>> said. Home heating bills on the rise
>>>> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postv
>>>> ers ion=2007100912
>>>>
>>>>
>>>> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>>>>
>>>> October 19 2007
>>>>
>>>> Oil prices top $90; gas on the rise
>>>>
>>>> Dollar weakness and supply fears lift crude prices to new heights;
>>>> gas prices keep climbing, up nearly 2 cents a barrel.
>>>>
>>>> By David Ellis, CNNMoney.com staff writer
>>>>
>>>> NEW YORK (CNNMoney.com) --
>>>>
>>>> Oil prices extended their record-setting run Friday, briefly
>>>> breaking above $90 a barrel for the first time ever, while gas
>>>> prices continued their week-long climb.
>>>>
>>>> Light, sweet crude for the November contract climbed as high as
>>>> $90.07 a barrel in electronic trading before turning lower, as
>>>> prices lost 53 cents to $88.94 a barrel on the New York Mercantile
>>>> exchange.
>>>>
>>>> Crude prices settled at a record $89.47 a barrel Thursday.
>>>>
>>>> __________________________________________
>>>>
>>>> Harry
>>>>
>>>
>>> "Now is the winter of our discontent, made glorious summer by this
>>> son of bush" (with apologies to Billy S.)
>>>
>>> It will be amusing to watch as the reichtards try and spin this,
>>> along with their "greatest economy in US history" nonsense.
>>>
>>
>> They will just blame Pelosi,Reid and Clinton. Bush-the no fault
>> administration.
> ==============
>
> Wy? Are they responsible for the 2 Billion Chinese and Indian's
> massive consumption of oil and the resulting demand rises?
> Oh thats right, It's Bush's fault again.
>

Yes it is .. since the cause of the latest bump are based on fears that
mad georgie and the neocons will attack Iran cutting off 25% of the
worlds supply of crude...

--
AW - Head "Democrats for Larry" Campaign

<small but dangerous>
 
"Amanda Williams" <pms@fu.com> wrote in message
news:Xns99CE8BF817F77fubar@63.218.45.254...
> "Al Goreon's Great Global Warming Scam" <Scandal@AlGoreon's Home.com>
> allegedly said in news:4718da1a$0$7209$7836cce5@newsrazor.net:
>
>>
>> "George Grapman" <sfgeorge@paccbell.net> wrote in message
>> news:iG4Si.58889$Um6.46857@newssvr12.news.prodigy.net...
>>> Amanda Williams wrote:
>>>> Harry Hope <rivrvu@ix.netcom.com> allegedly said in
>>>> news:injhh39vknklq07rcqukcej3igffmsqmub@4ax.com:
>>>>> Gasoline prices, which are up more than 5 cents this week, climbed
>>>>> nearly 2 cents to a national average of $2.81 a gallon for
>>>>> regular-grade gasoline, according to motorist group AAA.
>>>>>
>>>>> Higher pump prices, which are still far below the record high
>>>>> reached in late May of $3.22 a gallon, are poised to move higher,
>>>>> said Hicks.
>>>>>
>>>>> "Gas prices have not responded in the same fashion here with oil
>>>>> prices going up, but we think that will eventually happen," he
>>>>> said. Home heating bills on the rise
>>>>> http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postv
>>>>> ers ion=2007100912
>>>>>
>>>>>
>>>>> http://money.cnn.com/2007/10/19/markets/oil/?postversion=2007101909
>>>>>
>>>>> October 19 2007
>>>>>
>>>>> Oil prices top $90; gas on the rise
>>>>>
>>>>> Dollar weakness and supply fears lift crude prices to new heights;
>>>>> gas prices keep climbing, up nearly 2 cents a barrel.
>>>>>
>>>>> By David Ellis, CNNMoney.com staff writer
>>>>>
>>>>> NEW YORK (CNNMoney.com) --
>>>>>
>>>>> Oil prices extended their record-setting run Friday, briefly
>>>>> breaking above $90 a barrel for the first time ever, while gas
>>>>> prices continued their week-long climb.
>>>>>
>>>>> Light, sweet crude for the November contract climbed as high as
>>>>> $90.07 a barrel in electronic trading before turning lower, as
>>>>> prices lost 53 cents to $88.94 a barrel on the New York Mercantile
>>>>> exchange.
>>>>>
>>>>> Crude prices settled at a record $89.47 a barrel Thursday.
>>>>>
>>>>> __________________________________________
>>>>>
>>>>> Harry
>>>>>
>>>>
>>>> "Now is the winter of our discontent, made glorious summer by this
>>>> son of bush" (with apologies to Billy S.)
>>>>
>>>> It will be amusing to watch as the reichtards try and spin this,
>>>> along with their "greatest economy in US history" nonsense.
>>>>
>>>
>>> They will just blame Pelosi,Reid and Clinton. Bush-the no fault
>>> administration.
>> ==============
>>
>> Wy? Are they responsible for the 2 Billion Chinese and Indian's
>> massive consumption of oil and the resulting demand rises?
>> Oh thats right, It's Bush's fault again.
>>
>
> Yes it is .. since the cause of the latest bump are based on fears that
> mad Peosi will inflame Turkey and cause Oil in the region to become
> blocked.

http://www.npr.org/templates/story/story.php?storyId=15298778
Oil-Price Increase a Symptom of Turkish Tensions
by Ivan Watson

All Things Considered, October 15, 2007
 
>
> Wy? Are they responsible for the 2 Billion Chinese and Indian's massive
> consumption of oil and the resulting demand rises?
> Oh thats right, It's Bush's fault again.
>

In exchange for cheap DVD players, the US has incurred massive debts to
fund China and India's industrial buildup. Their new found wealth
combined with the debt-devalued dollar is what enables them to take a
larger share of oil.

In other words, limited natural resources are becoming more affordable
for them and less affordable for us. This is the clearest possible sign
that our lead in the world has diminished.
 
On Oct 19, 8:36 am, Harry Hope <riv...@ix.netcom.com> wrote:
> October 19 2007
>
> Oil prices top $90; gas on the rise

Yeee Haaaa!

'Happy days are here again, let's shuck the stupid marks again..'
Champaign corks pop as oilers, bankers and neocon legislators form a
marimba line in celebration..
 
"Al Goreon's Great Global Warming Scam" <Scandal@AlGoreon's Home.com> wrote
in message news:4718e3c4$0$7207$7836cce5@newsrazor.net...
>
> "George Grapman" <sfgeorge@paccbell.net> wrote in message
> news:pn5Si.15397$JD.7604@newssvr21.news.prodigy.net...
>> Al Goreon's Great Global Warming Scam wrote:
>>> "George Grapman" <sfgeorge@paccbell.net> wrote in message
>>> news:Mc5Si.15392$JD.7432@newssvr21.news.prodigy.net...
>>>> So when will Bush jawbone OPEC to lower prices?
>>> ============
>>> When did OPEC seize control of all the World Commodities Trading
>>> Exchanges
>> Why won't you answer the question?
> =============
>
> I see you are too stupid to get my point that OPEC does not control oil
> prices. But then paper ballots are too confusing for you to figure out as
> well, so why am i not surprised.
>

They don't? You mean that little episode in the 70's was just our
imagination?
 
"Amanda Williams" <pms@fu.com> wrote in message
news:Xns99CE8BF817F77fubar@63.218.45.254...

>>
>
> Yes it is .. since the cause of the latest bump are based on fears that
> mad georgie and the neocons will attack Iran cutting off 25% of the
> worlds supply of crude...
>
http://www.infoplease.com/ipa/A0872964.html

Do the math
 

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