Golo
oldschool: blog

oldschool's blog


where has this kind of talk been for the past 7 years?

Published May. 17, 2008

"Our problem in America gets solved when we aggressively go for domestic exploration. Our problem in America gets solved if we expand our refining capacity, promote nuclear energy and continue our strategy for the advancing of alternative energies as well as conservation."

"One interesting thing about American politics these days is those who are screaming the loudest for increased production from Saudi Arabia are the very same people who are fighting the fiercest against domestic exploration, against the development of nuclear power and against expanding refining capacity." - George W. Bush 5/16/08

If he had been saying this stuff 7 years ago, gas would still be a buck fifty a gallon.

Good God, this guy is a disappointment . . . 

 

 



44 Comments


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I saw the comment about commidity traders would not buy futures of oil at 127 if they did not think they could sell them in 6 months for more, and that is an understatement!!! Oil is headed towards at least 200 a barrel. $10 bucks a gallon at the pump is realistic! We are getting ready to start paying around 8 a gallon in a couple of weeks in Galena, Alaska. I just saw yesterday where some villages are paying 8.65 a gallon.

If one were interested in news and opinions of drilling and how Alaskans (and big oil) feel about ANWR and other petroleum issues, check out the Fairbanks Daily News-Miner...our daily paper. The editorial staff there are out to lunch, but one can see opinions of many Alaskans and how we feel about the oil in our ground.

Hope all my GoLo friends are doing well....I am off tomorrow for my summer in the bush and fighting fires. Best Wishes to all of you!!

...it's been fun, but I just have to get out in the sunshine and check the zero and MOA on my Remmington 700 with a liberal amount of ammo.... later

...I watch Fox News as well as all the others. I also read esoteric and specific news from source. When I walk in the woods, I look left, I look right, I look up, and I look down. I haven't stepped on a snake in decades....

Besides, it would do nothing to curb GLOBAL demand, which is having a far greater impact on prices than our own relatively modest increases (as a percentage of GDP).

Please read the link I provided and also google current Iraq oil production as well as oil futures trading...

Trillions of barrels of oil. The vast majority of the gold on the market today was mined prior to the industrial revolution. (I can't recall the exact figures. THere was a Time Magazine artcile on it years ago.)

The thrust of the article was that the gold in your wedding ring most likely includes gold that was plundered from an egyptian tomb.

Oh, and I checked you web site. I don't give a lot of credibility to the opinions (which is what they were) of a site that has an entire section dedicated to American "Imperialism".

"...if mass production of hybred and hydrogen fuels transportation occured here in the U.S., the prices on the futures markets would drop like a rock."

Not really. I remember reading somewhere that if every vehicle on the highways were converted to electric, oil demand would be right back where it is today within 5 years.

...I'll take the price of gas as it was 5 years ago. Plus, how much interest occurs in 5 years ?

COmparing gold to oil is comparing apples and oranges. You don't burn gold and, unlike oil, the supply is very limited. It is virtually a completely demand driven commodity. They are two completely different markets.

How much oil lies in the ground ? How much gold lies in the ground ? Both are very limited and both are priced by market driven speculation.

whatelse - he's put it in an energy bill and the dems shot it down. That was about the end of it.

That is the key difference between (i.e.) the Reagan admin and this one. Reagan would not have let that happen. He would have had his Sec of State, Sec of the Interior, Sec of Energy and his VP sitting in the studios of every major news netwrok every sunday for the next 6 months until the dems relented and did the right thing.

As with his Iraq policy, Bush seems terrified to engage the democrats in a debate - even when it is one which is a no-brainer.

His "new tone" garbage has ruin the party and put us in this fix.

We need a leader who will fight for principles. And now, instead of that, we are nominating a candidate who is only willing to fight for principles when it's against his own party.

*sigh*

I sure wish bones would have ponied up a couple of those percocets.

http://www.globalpolicy.org/security/oil/irqindx.htm

COmparing gold to oil is comparing apples and oranges. You don't burn gold and, unlike oil, the supply is very limited. It is virtually a completely demand driven commodity. They are two completely different markets.

"...if mass production of hybred and hydrogen fuels transportation occured here in the U.S., the prices on the futures markets would drop like a rock."

Not really. I remember reading somewhere that if every vehicle on the highways were converted to electric, oil demand would be right back where it is today within 5 years.

Besides, it would do nothing to curb GLOBAL demand, which is having a far greater impact on prices than our own relatively modest increases (as a percentage of GDP).

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