When bu$h* stole the election, the average price for a barrel of crude was $27.39

[spanone]

'MISSION ACCOMPLISHED'

[blondeatlast]

1. $50-60 a barrel now I could see, but this has gotten ridiculous.

And the bastards profiting off of it are getting all kinds of tax breaks. :puke:

[C_U_L8R]

2. So much for jawboning

worst president ever

[Rockholm]

12. He's been jawboning allright. Jaw meet Jeff Gannon.

[BOSSHOG]

3. Yeah but

as any bush backer worth his salt in ignorance will tell you, before bush there were no "conservative values" in the white house. So there.

Saw a great bumpersticker in the quarter: FAILURE ACCOMPLISHED

[spanone]

4. Great bumpersticker!!

[Virginia Dare]

13. PERFECT!!!

I'd love to have one of those for 2008!

[WGS]

5. Demand

has also increased, substantially....

[spanone]

7. yea, that explains it. sure. yep .

[magellan]

8. And supply can't keep up and will fall even farther behind as time passes

The Fed's killing of the dollar to "reduce" the trade deficit, and peak oil, are creating the perfect storm.

[Virginia Dare]

14. As long as the oil companies can squeaze out more profits..

it's all good as far as Bush and his bunch is concerned.

[Virginia Dare]

9. True, China and India have increased their demand substantially,

fueled by American consumer dollars. We're feeding the beast.

[Ishoutandscream2]

6. Hey, it may be harder for me to put food on my family

but at least gays can't get married! Thank you Lord for choosing Bush as our glorious leader and bringing honor and integrity back to the White House!:sarcasm: As if you didn't know.

[Virginia Dare]

10. I thought shrubby was gonna jawbone the Saudi daddies..

into upping production? That's what he told me when he was runnin' fer his election.

[Ishoutandscream2]

11. Yeah, "open the spigots"

That really worked out, didn't it?

[L. Coyote]

15. And they gave away the oil rights in the Gulf to boot! At some point everything

the Junta has done must be reviewed or rescended.

[spanone]

16. here's a chart

[onenote]

17. this chart is a bit different

http://inflationdata.com/inflation/images/charts/Oil/Gasoline_inflation_chart.htm

Not sure why.

[dtotire]

18. According to Wolfowitz

Once we got control of Iraq, the price of a barrel of oil would be $20. Sure.

[B Calm]

19. At that time in history, Saddam was flooding the oil market with cheap oil..

hmmmm