Another Bush/Cheney conspiracy.

Guys ... it looks as though the Bush, Cheney, Haliburton cabal have met behind closed doors conspiring to lower the price of oil. The Far Left madmen are scurrying around trying to come up with a plausable reason such as: fixing the November elections or diluting the "shock" over the now discredited "650,000" Iraqi death numbers. Here's the report:


NEW YORK (Reuters) - Oil on Friday fell more than 2 percent to a 2006 low below $57 a barrel on speculation that OPEC members would not follow through on plans to make deep production cuts to stem a three-month price slide.

U.S. crude <CLc1> for November delivery settled $1.68 lower at $56.82 a barrel, the lowest this year after trading as low as $56.55 in intraday activity. U.S. oil prices have dropped from July records of $78.40 a barrel on healthy inventories.

London Brent crude <LCOc1> fell $1.19 to $59.68 a barrel.


Vi

Lets see, crude at 60.00 a barrel, thats almost double what it was when Bush-Cheney took the helm, yeah I'm sure the elections have nothing to do with the lowering of the price of crude-Not! Now when we see the price of gas approaching $2.40 a gallon we rejoice, don't we remember that when GW took office it was around $1.40-1.60 a gallon, man are we stupid. They're giving us a huge break, and just before the elections, come on, how could that be rigged. Does it matter that the Bushes are almost family with the saudis, that the whole Bush regime is mostly Oilmen, do you think they cannot control the price of oil, well then partner, have another swig offen that thar bottle and go back to sleep! I'll bet that after the elections the price of oil will climb back to where they want it. I'd say around 3.00-3.50 a gallon, any takers, come on Red, put your money where you mouth is. If gas isn't over 2.90 a gallon a year after the 2008 elections, it will be because someone with balls (who's not an oilman) got elected. They might keep it low untill the 2008 elections, but after that the skys the limit. I'm more inclined to see it shoot up after the 2006 elections and fall again in mid 2008. Red I'll Bet you a 1/4 ounce of smoke that I'm right!

I bet you are right Med. I saw $1.93 the other day. Im sure a soon as the elections over it will be back up to $3.50.

I remember the days in 1998, when I tanked it for $0.89 per gallon.
Ahh, those were the days...

I remember in 1960 in El Paso Texas paying 19 cents a gallon, My dad remembers 10 cents. Through most of my youth, it was around 30-35 cents, when it went to 89 cents (the great fuel shortage in the 70s created by the oil barrons) we were appaled. Guess what, it never went to below 60 cents again, a doubling of price overnight. This is the same ploy being foisted on us again. Here's my theory: we being the most powerful nation on the planet, could blockaid all the ports that ship oil and tell the producers that we will accept all oil at 25.00 a barrel and not a penny more. This might limit the Arab sheiks to ony 2-3 -100 million dollar yachts, instead of a fleet. It might make life tough for the top 1/2 of one percent of the oil barrons, but I say tough shit. We (the US) discovered most of the oil and drilled the wells and set up the refinerys only to have them nationalized and taken over by camel herders, now referred to as sheiks. The American govt., being controlled by Corporations will not do this as the oil barrons won't allow it, so who pays, you guessed it, you and I!

What do you expect when a family of oil men are in power.

Well now, it seems that we agree on something here! I'd like to see you two convince ViRedd of this. I'm sure he has some extreme opposing views, like a free market economy or some other corporate bull! He is entitled to his "opinion" no matter how unpopular it is! We are held hostage by the oil companies, there is no free market economy when it comes to the price of oil! We either pay the price or stay home!

You got it. its like a monopoly. I remember even The likes of Bill O'reilly speaking out against these oil companies.

I had a friend (she died a couple of years ago) who had some oil stock from the '60's, (standard Oil) she got them in a divorce and thought them worthless, you know a couple a grand. she paid no attention to them and when she died, her son inherited them. turns out there was 189,000 worth of stock which he promptly sold and went on a spending spree. He was also a speed freak and it took him about two years to be completely broke and homeless, he bought a new corvette, wrecked it, sold his mothers house, another 80,000, and proceeded to wreck his life. I guess money is not for everyone, by the way he was a gambler and we live in Vegas if that helps. I heard through the grapevine he was playing with $1,000 chips, don't take long to lose that way!

You guys need to check one thing ... what is the price of oil/gasoline today compared to 1980 ADJUSTED FOR INFLATION?

Here's a link, but keep in mind that oil prices have dropped considerably since this study was made. The Big Picture: Gasoline Prices (Adjusted for Inflation)


Vi

PS: Med ... this is not in response to YOUR post. I'm done with you, remember?

Vi I agree. But you know how it is, When people are used to paying $1.50 and then within a relatively short period of time it jumps to $3.50, it has a significant impact on peoples lives.

ViRedd said:

You guys need to check one thing ... what is the price of oil/gasoline today compared to 1980 ADJUSTED FOR INFLATION?

Here's a link, but keep in mind that oil prices have dropped considerably since this study was made. The Big Picture: Gasoline Prices (Adjusted for Inflation)


Vi

PS: Med ... this is not in response to YOUR post. I'm done with you, remember?

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how could i forget. The king has spoken. long live the king. Unless you own this site, get used to me picking apart your mindless drivel, I realize you think you own it but you don't, so kite flying might be in your future!

Did you go to the site? Hardly "mindless drivel."

And you have NEVER picked apart anything I've posted here. That's because fact is fact. The fact is ... gasoline is cheaper now than it was in 1980 when adjusted for inflation.

So, just keep ignoring the facts and continue to tell us how the Bush, Cheney & Halliburton cabal controls the world's oil prices. We believe you Med ... honestly we do. *lol*

Vi

Lets see, In 1980 I was making 21.00 an hour and gas was 89 cents, The same job I was doing (Carpenter) now pays 8-10 bucks an hour, and gas is above 2.50 a gallon, You do the math. The facts are that real wages are not above the '80' level and the price of everything is over the top. The only class of people that have kept up with inflation are the wealthy ( in '89' I paid 98,000 for my house, was making 21.00 an hour, same job now 8-10 bucks and my house 350,000). Sounds like the workers are going backwards. I couldn't afford to buy my house now if I was starting out! If it were up to me, I'd sell out and move to central America, where I could live very comfortably on my income. Geeze, I could even get a maid to wash my shorts. LOL.

Geeze, I could even get a maid to wash my shorts. LOL.

That's a little like slave labor, isn't it? I mean, what do they make down there ... about 10 pesos a day? And why is that? Couldn't be an oppressive government type thingie, now could it?

"The only class of people that have kept up with inflation are the wealthy ( in '89' I paid 98,000 for my house, was making 21.00 an hour, same job now 8-10 bucks and my house 350,000)."

It sounds to me as though you've kept up with inflation just fine. Real estate, historically, has been one of the best, if not the very best hedge against inflation. Have you taken your real estate agent out to lunch lately? *lol*

Vi

Now one of the reasons gas was so high,,,,and also the reason ,,Now just one of them for the lowering in prices

The history of the Reuters/Jefferies CRB Index dates back to 1957, when the Commodity Research Bureau constructed an index comprised of 28 commodities that made its inaugural appearance in the 1958 CRB Commodity Year Book.

This Global CBR index,,,back in the 50s... lard was part of the index,,,funny,,,lard was a commodity,,,

Now for the last 10 years,,,the idex was geometrically fixed,,,it consist of 17 commoditys,,,all at 5.9%

thats right,,,so as oil has risen it started to increase everything else,,,but it took alot longer for the index to reflect the change in oil,,,because the index was all evened out at 5.9%

Thats why it was so strange when they said inflation is low,,,the biggest commodity used is oil,,,and it was at 5.9% of the index,,,all 17 at 5.9%


now,,,,5 weeks ago,,,,the idex changed its formula,,,,Oil is now at 24.9 %


so when oil sells everyone kept selling everything else,,,becaus oil now is at 24.9% of the idex


so oil will start a upward projection,,,could be several months

as oil got above 60 bucks a barrel,,,every little country in the world began to pump like crazy,,,and they still are,,,its short lived though


I also do not believe oil is a fossil fuel i will talk more later on it,,,there never were that many animals,,,they are pumping oil at 35.000 feet,,,does not make sense


also KBR the subsidary of Haliburton took over the laundry facilitys at a kuwait usa military base,,,before they took over,,,a french company was doing the laundry for the sum of $62.000 a month,,,KBR is getting 1.2 million a month to do our mens laundry now,,,thats just at one camp or base ,,,,,,,go figure


resinman

i was just told its at 18%,,,there website says it

but the last change,,,

ive got the data,,,there site does not reflect correct

cant find the web page that describes the deception,,,just read it last week

any ways the dollar is goona tank a little next year and bush will announce a exit stratergy,,,gold will rise and oil will stabilize around 65 after a rally

resinman

Med sez ...

"We are held hostage by the oil companies, there is no free market economy when it comes to the price of oil! We either pay the price or stay home!"

Or, we get more efficient vehicles like the hybreds that are now on the road. We can be more efficient in the way we travel. Fewer trips to the market, doubling up or car pooling, alternate forms of transportation like the bus, trains, motorcycles, motor scooters, bicycles. No reason to stay home ... and we are NOT captives of the oil companies. On the contrary, they are captives of us, the consumer. As we conserve, the supply will go up and the prices down.

Vi

"It sounds to me as though you've kept up with inflation just fine. Real estate, historically, has been one of the best, if not the very best hedge against inflation. Have you taken your real estate agent out to lunch lately?"------------```````` *lol*

Vi[/quote]I should take him for a long walk on a short pier as my son cannot afford to buy a house in So. Cal., and he makes 75-85 grand a year, Double what I made in my working life

medicinaluseonly said:

"It sounds to me as though you've kept up with inflation just fine. Real estate, historically, has been one of the best, if not the very best hedge against inflation. Have you taken your real estate agent out to lunch lately?"------------```````` *lol*

Vi[/quote]I should take him for a long walk on a short pier as my son cannot afford to buy a house in So. Cal., and he makes 75-85 grand a year, Double what I made in my working life

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Well again ... Realtors do not cause the price of houses to go up. Real estate is market driven. By the way, not all of California real estate is expensive. Your son makes more than enough money to buy a small home or condo as a starter. It won't be a block from the ocean in Palos Verdes or on the beach in Malibu though. Gosh, he just might have to make a sacrifice or two and buy in Palmdale, Lancaster or Riverside to get started. The commute to work would probably be the shits, but that's exactly how most people started in order to gain their first foothold into the real estate market. Again ... their ain't no free lunch.

Vi