Shrub is the ONLY reason oil is at $70/bbl

[n2doc]

The Dems need to be broadcasting this over and over. Oil supplies are more than sufficient for now, and in the absence of the fear of an attack on Iran oil would be in the $40-50 barrel range. If we had a president, instead of a nutjob, who was committed to using diplomacy as a FIRST course of action, we would not be seeing this. But instead Commander Bunnypants, Mr. "Tough Guy", no matter WHAT he says, is EXPECTED to attack Iran and F**k up the whole region. That is what one gets when one is a proven liar and warmonger. You reap what you sow, and we are certainly being REAPED right now by the oil companies and oil producing nations.

Gas in LA hit $3.35 a gallon for regular yesterday.

Mission accomplished:


Article on gas prices:
http://www.latimes.com/business/la-fi-oilrecord18apr18,0,7268801.story?coll=la-headlines-business

ITMFA

[Dr.Phool]

1. You've got that right

I don't know what the price is here right now. I haven't left the house since Sat. But, I heard it jumped a dime yesterday. I guess I'll find out real quick. My tank's on empty, and I'm driving up to the Carolina's on Friday.

[madame defarge]

2. Per CNN (argh)...they blame the government...

Uncle Sam's hand in high gas prices?
Critics say ill-timed legislation is partly responsible for prices at the pump, but others say the industry should have seen what was coming.

http://money.cnn.com/2006/04/18/news/economy/gas_prices_ethanol/index.htm?cnn=yes

But George has said several times "my government" so yes, it is all his fault...

[n2doc]

3. Ahh, but who runs the Government and who passes the legislation?

and WHO has NEVER veto'ed a piece of Legislation in his entire presidency? Hint: it ain't the Clenis....

And someone with true leadership abilities would have given the refiners a "talking to" about putting all of their maintenence in the same period as the switchover from MTBE to ethanol. Or at least their Energy sec'y would have.

The "Had Enough" campaign should definitely include a chart of Oil and gas prices since * being selected on 2000...

[tuvor]

4. Iraq's pumping, what, 2 million barrels a day? Does that mean bush made...

...$140 million in just the last 24 hours?

Where is all that sweet, sweet money going, anyway?

[DELUSIONAL]

5. Watch the magician -- as the fighting goes on the oil is looted

and few people are asking.

From what I understand the oil being removed in unmetered. So we don't know how much oil is going . . . where and to whom. We suspect -- but we don't know.

[LisaLynne]

9. Paying for the war, of course!

:sarcasm:

[Scriptor Ignotus]

14. I found it!

http://www.nytimes.com/2006/04/15/business/15pay.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1145371559-GSi5zNQkI7G6BNeJD1DXlQ

For Leading Exxon to Its Riches, $144,573 a Day
By JAD MOUAWAD

For 13 years as chairman and chief executive, Lee R. Raymond propelled Exxon, the successor to John D. Rockefeller's Standard Oil Trust, to the pinnacle of the oil world.

Under Mr. Raymond, the company's market value increased fourfold to $375 billion, overtaking BP as the largest oil company and General Electric as the largest American corporation. Net income soared from $4.8 billion in 1992 to last year's record-setting $36.13 billion.

Shareholders benefited handsomely on Mr. Raymond's watch. The price of Exxon's shares rose an average of 13 percent a year. The company, now known as Exxon Mobil, paid $67 billion in total dividends.

For his efforts, Mr. Raymond, who retired in December, was compensated more than $686 million from 1993 to 2005, according to an analysis done for The New York Times by Brian Foley, an independent compensation consultant. That is $144,573 for each day he spent leading Exxon's "God pod," as the executive suite at the company's headquarters in Irving, Tex., is known.

Despite the company's performance, some Exxon shareholders, academics, corporate governance experts and consumer groups were taken aback this week when they learned the details of Mr. Raymond's total compensation package, including the more than $400 million he received in his final year at the company.

/snip

[shanti]

21. my head is spinning

thinking about WHY any one person needs $400 million dollars....:grr: :shrug: :(

[Scriptor Ignotus]

25. that's just his severance pay really

he has made around $400 million in salary already. Then you have to figure in how much he's made in other investments, real estate deals, etc.

It kind of adds up doesn't it?
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
:wow:

[formercia]

24. It's going to win the next election

one voting machine company at a time.....

[Ishoutandscream2]

6. Exactly right. Big oil has their men (Bush and Cheney) in office

Hey, who cares about approval ratings? The BFEE and the rest of their cronies are laughing all the way to the bank.

[gatorboy]

10. That's the real issue with this man.

It doesn't matter how low is numbers get, his mission is near complete. Make a lot of rich men richer and reap the benefits when his Presidency is over. Could it be anymore obvious?

I would think that the Right would've learn their lesson for standing by this failure of a President for so long but considering that they hope the man brings on the rapture with his Crusade, they obviously assume they'll have all the gas they'll ever need when they finally hit the Pearly Gates...

[thethinker]

7. The polls are following the price of oil

* popularity is following the price of oil. The higher it goes, the less popular he and his republican congress become.

A responsible government would have put in a Windfall Profit Tax. We all have to buy gas for our cars and heat and cool our homes.

All Democrats should have the above graph in all their political advertisements.

[n2doc]

8. Crude hits $70.55, new record

Crude touches Nymex high at $70.55 a barrel

By Ciara Linnane
Last Update: 10:03 AM ET Apr 18, 2006

NEW YORK (MarketWatch) -- Crude-oil futures rose to their highest-ever level on the New York Mercantile Exchange early Tuesday amid continued concerns about the nuclear standoff between Iran and the west. Crude for May delivery was up 15 cents at $70.55 a barrel. The contract touched a high of $70.88 in electronic trade overnight. Gasoline futures rose 0.4 cents to $2.1735 a gallon, heating oil dipped 0.3 cents to $2.02 a gallon and natural gas was up 12.3 cents at $7.7 per million British thermal units.

www.marketwatch.com

[dogday]

11. You would think we would get oil from Iraq

but that is not going to happen, it is purposely being held, Iran can't sell their oil due to sanctions.. But Bush and Buddies have all the oil you need for a price.....

[ShortnFiery]

12. Shhh! Cheney and his boys (and girl) are raking in *record profits*

War Profiteering on The March!

[LuckyLib]

13. We are only steps from complete disaster as the airlines start

collapsing -- they can't sustain these prices. When they begin to raise ticket prices to even remotely reflect the prices they are paying, we're all in trouble. Those few carriers remaining will be carrying the privileged few cross country, and the rest of us will be SOL.

[babylonsister]

17. Yes, every day the outlook gets grimmer. nt

[shanti]

22. exactly

travel, especially air travel, will be for the rich only....as it used to be:(

[The2ndWheel]

15. Maybe Bush really is God, nt

[n2doc]

19. He doesn't need to be

All he needs to do is to create a climate of uncertainty and fear. The open market will take care of the rest. And has done so.
Of course, taking Iraq out of the production loop hasn't hurt prices either, nor has his support of keeping CAFE standards low, nor has his lack of a real alternative energy policy....

[The2ndWheel]

23. So...basically...

"All he needs to do is to create a climate of uncertainty and fear."

like God would?

"The open market will take care of the rest."

Ah, the new God.

[ananda]

16. It'll be $4 a gallon..

.. before the summer's over.

Count on it.

[realFedUp]

18. and futures marketeers...

[shanti]

20. they're really being blatant

about sticking it to us now that we appear to be catching on. :(

[EVDebs]

26. Let's let the Israelis block the Strait of Hormuz and 'ColdTurkey' oil

addiction ! No nukes necessary.

[Festivito]

27. Up now, down by ELECTION time. Hmmm?

It's just timing. The Iran rhetoric.
The skiddish are raising the projected price,
The war does not happen, the price goes back down, OR,
The war does happen, the price fluxuates, then goes back down,
profits are taken,
Price comes down just so,
a little higher, but,
with everyone saying it's lower.

[Stockholm]

28. Greatpost

K&R

[KamaAina]

29. B.S.

Cheney's another reason. So's Rumsfeld. :sarcasm: