Oil Companies Export Record Gas While American Consumers Bled Dry

[Nbadan]

But of course the end game for the Democrats is to make big oil and the Republicans look bad (as if they needed help) so they can take over the WH and Congress next year and really America hard with their socialist agenda.

Yeah, it's all about imposing an evil 'socialist agenda'....get real dude...put down the crack pipe....the Democrats have been weak, I've posted about it so many times in this forum I have calluses on my fingers, but they don't hold a filibuster proof majority in the Senate and Dubya is always there to watch the back of big business...Hopefully that will change in November...but the problem isn't just big oil, its Wall Street, it's Pennsylvania Ave and it's main street USA....Unlike you and your kind who let the Republican Do-nothing Congress do nothing while Dubya has imposed his Pinochet government in America and cronies drown our nation in a bathtub of debt, Progressives will hold this Congress accountable for FISA, for not acting in the best interest of consumers by regulating oil market speculation and if they don't fulfill their pledge to end the imperialistic war in the Middle East....book it!

[johnsmith]

I've posted about it so many times in this forum I have calluses on my fingers,

You should try and make real life friends then and you won't have to spend every ing minute of your life on this site.

[George Gervin's Afro]

That's true in most cases. However, when policy makers are clearly not for the consumer, producers immediately take action to raise prices. As soon as a congress had power that is not consumer friendly, prices raise dramatically because they know the congress will do nothing to stop them.

So if we approve the offshore drilling will prices come back down? using your logic they would. According to your logic allowing oil companies the right to drill ,in areas where they previously couldn't, will prove that congress is on the consumers side? Did I get this straight?

[DarrinS]

It takes a year or two for Congressional action to start hitting consumers in the pocket book, so any effects on the economy we are feeling now, higher gas prices, higher food prices, higher prices in general are residue of the Republican do-nothing congress and its unwillingness to do its job and regulate the markets

newsflash -- democraps have had control of both houses for some time now.


EDIT> And congress has a lower appproval rating than Bush.

[Aggie Hoopsfan]

newsflash -- democraps have had control of both houses for some time now.


EDIT> And congress has a lower appproval rating than Bush.

Dan's not strong on math, you'll have to forgive him. He meant to say two years, but his timeline for when the Democraps took over is off

[George Gervin's Afro]

Dan's not strong on math, you'll have to forgive him. He meant to say two years, but his timeline for when the Democraps took over is off

didn't the do nothing gop congress have 6 yrs?

[Wild Cobra]

So if we approve the offshore drilling will prices come back down? using your logic they would. According to your logic allowing oil companies the right to drill ,in areas where they previously couldn't, will prove that congress is on the consumers side? Did I get this straight?

I cannot say they will come down. There is a minimum of two years to get it to the pumps. It will at least reduce the future increases somewhat. The more we put into the global oil market, the lower the prices will be by simple supply and demand.

I do believe there will be in immediate reduction. We have now had two consecutive days of oil trading lower. It could be a result of the executive order. Oil should be higher than it has in the past, but now it may be above the level supply and demand can maintain. I don't know for sure, of the above. I just know that everyone speculates in the industry when it comes to price.

[Nbadan]

I do believe there will be in immediate reduction. We have now had two consecutive days of oil trading lower.

It couldn't possibly have anything to do with the lower consumer confidence numbers and people spending less on frivalous stuff....right?

[boutons_]

the oil speculators/manipulators listened to sad-sack Bernanke and other negative US economic news (retail/wholesale inflation, airlines and autos tanking), and decided their bubble might not be so strong vs a US recession causing reduced oil demand.

Result is that they traded the price of oil WAY down in the last day or two.