Bush Can Control Oil Prices
That's what some people think anyway.
"President Bush is the only person in the world who can break this cycle of fear and anticipation and greed … by releasing oil from the Strategic Petroleum Reserve or by just telling the world that if things don't improve we will step in," said Fadel Gheit, senior energy analyst with Oppenheimer & Co. "If he releases between 1 and 2 million barrels per day for the next 30 days, I guarantee you that oil prices will go back to $30."
Well, there is speculation going on. Bush 1 cracked the speculation last time, but the fundamentals are different now. Demand overseas is much higher.
I'm waiting for LABF's prediction that Bush will crack oil prices right before the election. Ha!
Clinton did this and the price went up.
$50 a barrel is just what Cheney promised his oil industry buddies.
They're making a killing.
Let me explain somthing to you dimwit. The USA doesn't control oil prices as much as you in our idiotic BushCorp mantra would insist. It is literally pathetic.
The world oil price is benchmarked by Saudi light and North Sea heavy.
The problem is that demand is driving up prices, and that we don't have enough refinery capacity to move to the 55 grades gasoline that is mainly generated by idiot regulation that has marginal if any results.
Do I have to remind you of MTBE which doesn't even break down, had been proven to cause cancer and was an expensive additive?
Sit down and shut up. This was the environmentalist agenda, to push a chemical that didn't do squat, and wouldn't break down, and poisoned the water supply. Neat deal huh.
So sit down and shut up. I have yet to see anything you don't yap along like a hysterical woman.
Just never mind. I have beaten you down so many times it's sad. Hey dimwit, when you make a legitimate argument, I will credit you for it. I am beyond fighting, it's become pity.
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