Oil surpasses $135 on new supply concerns
May 22nd, 2008 . by TexasFredOil prices rose above $135 a barrel for the first time Thursday, with supply worries, global demand and an ever weakening U.S. dollar driving crude futures up.
Also on Thursday, The Wall Street Journal reported that the world’s top energy watchdog is preparing a sharp downward revision of its oil-supply forecast.
Light, sweet crude for July delivery rose as high as $135.09 before falling back. By the afternoon in Europe, the contract stood at $133.35 a barrel in electronic trade on the New York Mercantile Exchange, up 18 cents on Wednesday’s close of $133.17.
Don’t you just love a man-made faux crisis that’s designed with the specific intent of taking as much money from the working public as possible??
With gas and oil prices setting new records nearly every day, analysts have begun to wonder what might stop prices from rising.
I can’t speak for the prices in Europe but I can tell you exactly what will curb the prices here, drill for the oil that we know we have, the untold billions of barrels of oil that are beneath the surface of the USA and her coastal waters…
We’re not out of oil folks, we won’t be out of oil a hundred years from now, just like the so-called oil shortage of 1975, we weren’t short of oil then, production was at the highest levels imaginable, we had just pulled out of Vietnam and military usage of fuel and oil was drastically cut, every oil storage facility in this USA was full, every refinery we had was operating at full capacity, there were many oil tankers, FULL of crude oil, anchored off the coast of Texas and Louisiana, waiting to unload, waiting because there was no place to store their cargo…
The tree huggers have this nation by the shorty’s, and they are pulling hard, we have an EPA that is run by tree huggers, we have a government that is administered by wimps that won’t stand up to the tree huggers, we don’t have an oil crisis, we have an ineffectual government, and they know as well as anyone, we are not out of oil, we just need to increase OUR production and allow the oil companies to build a few more refinery facilities…
We’ll never go back to the days of gas being less than a dollar a gallon but we could very easily see gas not much more expensive than that, this crisis is of our making, and we can make it go away, but 1st we have to censor the tree huggers…
Spotted Owl isn’t very tasty, and snail darter isn’t one my menu, but gasoline and oil are on ALL of our agendas, and our pocket books can’t take too much more of this, and one other thing, if you like to eat, think about what these prices are doing to the trucking industry, because if buy your food from a store, if you eat it, a truck got it there…
The trucking industry can’t keep on doing what they do with these unrealistic fuel prices, you’re going to take a hit in that market too, grocery prices, and I haven’t even mentioned the fuel that farms use in the production of our food, this story has no end, but I am guessing that you get the point…
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Oil surpasses $135 on supply fears
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You’re right on the money, again, about the treehugger’s having this nation by the “short arm”. Michael Reagan said the same thing in an article here…he even names them.
http://www.reagan.com/column.cfm?id=66
High fuel prices are putting one truck owner/operators out of business and companies are putting tighter strictions on company drivers. My husband’s company recently banned pets because “trucks with pets idle 4% more than trucks without”. Dogs have been companions for truckers since the beginning of trucking – it’s kind of sad and our min pin is p***ed!
Other companies are charging drivers if they put too much fuel in their trucks. With each load, the computer tells the driver how much fuel to get and where. Our company just sent out a memo that if the driver goes over the allotted amount, it comes out of the driver’s pay.
Some are charging drivers for “excess idling” time.
Folks, it’s not like we are making alot as it is and it isn’t going to get any better.
Better explaination:
The computer tells a driver he can get 73 gallons at the Pilot in Little Rock, Arkansas. If he gets 80 gallons (for whatever reason), he has to pay the company for the extra seven gallons…….
The treehuggers may not have their way for much longer. People are getting fed up with high prices on gas and oil. And once we start flooding the market with good American gas, the price should go down.
I find it strange that these treehuggers normally drive big SUV’s and then complain about how everybody else is destroying the environment. Hypocrites they are.
Katie may be on to something here. My local congressman who is a RINO just “changed his mind” and he is no longer against drilling in ANWR. The politicians can only bow down to the enviro-nazi’s for so long.
The gang of thugs in Congress is simply amazing. They create problems, then blame it on others, then try to fix the problems they created by creating more problems.
Lonely Conservative, she IS right, I am firmly convinced that we are on the verge of a rebellion in this nation, American people will not stand for this BS, we don’t have to, we have the Constitution to back us, at least until the powers that be suspend it, and then we find out who the REAL patriots are…