Bush is a friggen idiot! US President George W Bush said it would be an error if Opec members didn't recognize the impact high prices were having on the US. "I think it is a mistake to have your biggest customer's economy to slow down....as a result of high energy prices," he said. I am again stunned at this idiots blatant, arrogant, misguided, audacity! The supposed experts say Oil prices have risen to record highs due to high demand for the commodity and the weakening dollar, which has prompted investors to switch to oil and other reputed safe havens such as gold. that is partially true but I am finding most average American's are really getting squeezed and are close to the breaking point Opec can not fix Bush's damage
Oil prices rose again Thursday, extending their record-setting gains as new economic reports and a decision by central banks in Europe to hold interest rates steady sent the dollar to a new low against the euro. While retailer reports on same-store sales were mixed, home foreclosures jumped in the fourth quarter to an all-time high, according to The Mortgage Bankers Association. The European Central Bank and Bank of England, meanwhile, decided to leave interest rates unchanged.
Analysts believe the steadily weakening dollar is the reason oil prices have jumped to a number of new inflation-adjusted record highs this week. Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is falling. "This market continues to be based on the dollar," said James Cordier, founder of Option Sellers.com, a Tampa, Fla., trading firm. Light, sweet crude for April delivery rose 93 cents to $105.45 a barrel on the New York Mercantile Exchange, after earlier spiking to a new record of $105.97.
At the pump, meanwhile, gas prices extended their advance toward record levels. The national average price of a gallon of gas rose 0.7 cent overnight to $3.185, according to AAA and the Oil Price Information Service. Gas prices are following oil higher, and are expected to peak this spring well above last May's record of $3.227 a gallon. oil continues to rise as the Dollar falls
I felt compelled to discuss this after a late night conversation and this morning set to research so you could look at it. Opec is right it is not their fault. They are supplying plenty. The bottle neck is ours and on purpose to keep the price inflated and that is the refineries. The deflating dollar doesn't help either. Remember when the idiot was in Saudi Arabia trying to blame our worsening condition on them? Bush is an asshole. Absolutely 100% everything is his fault. Oil alone was $28 per Barrel when he started. Now because of that idiots war mongering and mismanagement of his oil friends and everything else it is $105 and like everything else will get a lot worse. look at the list of Opec countries and think about his interference.
Country Location Algeria Africa Angola Africa Ecuador(**) South America Indonesia Asia IR Iran* Middle East Iraq* Middle East Kuwait* Middle East SP Libyan AJ Africa Nigeria Africa Qatar Middle East Saudi Arabia* Middle East United Arab Emirates Middle East Venezuela* South America *founder Members
My God the deflating dollar which is also his fault aside he has interfered with every damn one of those Nations so I decided to see if he has left any continent unscathed. bush has left no Continent unscathed
You can only come to the obvious conclusion that Bush or whoever is behind him is responsible for everything that is wrong in the country with our oil woes and our societal and financial fiasco as well as those around. Yet the chief idiot will never stop trying to hold the entire world responsible for what he himself is doing. You can only come to the conclusion that he is seeing how much he can drain the entire world before he attempts to implement his new world order!