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Breaking News on CNN not good for AA

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That would actually be relevant if they had done something that could affect oil prices. They haven't. Oil started going up when people started worrying about an Iraqi quagmire. That's when the speculators started dabbling. It only got worse from there.

So the fact the your party has refused to allow drilling anywhere, or a refinery or nuclear power plant to be built in this country in the name of Global Warming or killing caribou has absolutely nothing to do with it.
 
The two biggest factors in oil are supply/demand and the falling dollar.....Congress can effect BOTH of those...

Supply and demand aren't an issue; speculators are. The speculators are involved because they saw an increase in price in the future due to conflict in the Middle East. It got out of control when speculation about Iran got going, and it's never stopped. As for the value of the dollar, that's only contributing a small amount to the price of a barrel of oil. Oil would still be well over $100/bbl even if the dollar was 1.00 to the Euro. Not to mention that the reason the dollar is worthless right now is because of failed Shrub economic policies.
 
Will you guys vote for me????

What this nation needs is a Manhattan Project Size Plan for our nations energy policy. We need to put politics aside.

My plan....
Start Drilling in ANWAR- the oil companies say they can do it cleanly, so let them...with huge penalties if they fail to drill cleanly. Start extracting oil from the sands in utah etc...This is short term...

While we are doing that...we get the best minds in the nuclear industry together (GE, Westinghouse etc) and come up with one common design for the world's most advance nuclear powerplants...safe, and efficient. With a goal of 25% nuclear power in 10 years, 50% in 15 years, and 75% in 20 years. (BTW France gets 95% of thier electric power from nuclear.)

While we're doing that, use some of the subsidies that we currently give oil companies to make solar power 50% more efficient than it currently is in 7 years. Once we do that, then offer subsidies to homeowners that will make the break even point for electric power in your house a 5 year proposition.

If we get solar and nuclear on-line as I will, than we will have a glut of safe and efficient electric power, to power our cars. I think that the car companies are getting the idea now that hybred/electric is the future, but let's just say that in 15 years our goal is to have 50% of the nations fleet be hybred/electric.

Even while that's going on, we need to make geothermal energy more widespread and efficient especially for heating up north. We'll get the experts together on that and have national guidelines and goals for that.

Whew, finally, there will still be a need for oil/gas and Exxon and Mobil, we'll still be more energy efficient than we are now.

Anyhow, I'd appreciate your vote- my official position will be significantly more detailed than this.

BTW...Very little wind energy is in my plan...the windmills are a blight on the horizon...maybe a few as we bridge the gap to efficient solar.
 
Speculators ARE driving up the price BUT, the primary issue is that the U.S. Dollar isn't worth the paper it's written on for a variety of reasons.

Trade deficit: Sending Trillions of dollars overseas to pay for oil and products made by near-slaves in Asia because the American factory owners shipped the jobs overseas.

Congress (BOTH PARTIES!!!) spending like drunken sailors since before 'George the First' showed up.

The American public not looking any farther into the future than the hood ornament on their Escalade. (Note: Plenty of BIG SUV's in the garages in Berkley, CA so it's not just Texans.)

What's wrong with the Republicans? They don't realize that more big business won't help.

What's wrong with the Democrats? They don't realize that more big Government won't help.

Throw the incumbents out of office and start over.

Now, since the remains of my tattered career hang in the balance, back to our regularly scheduled bashing of AMR... ;) TC
 
Well, now they get to join the TWA folks they stapled. I'm not sorry.

A lot of those FA's that are getting furloughed ARE actually TWA people who got called back in the last year or so.
This sucks.
 
Will you guys vote for me????

What this nation needs is a Manhattan Project Size Plan for our nations energy policy. We need to put politics aside.

My plan....
Start Drilling in ANWAR- the oil companies say they can do it cleanly, so let them...with huge penalties if they fail to drill cleanly. Start extracting oil from the sands in utah etc...This is short term...

While we are doing that...we get the best minds in the nuclear industry together (GE, Westinghouse etc) and come up with one common design for the world's most advance nuclear powerplants...safe, and efficient. With a goal of 25% nuclear power in 10 years, 50% in 15 years, and 75% in 20 years. (BTW France gets 95% of thier electric power from nuclear.)

While we're doing that, use some of the subsidies that we currently give oil companies to make solar power 50% more efficient than it currently is in 7 years. Once we do that, then offer subsidies to homeowners that will make the break even point for electric power in your house a 5 year proposition.

If we get solar and nuclear on-line as I will, than we will have a glut of safe and efficient electric power, to power our cars. I think that the car companies are getting the idea now that hybred/electric is the future, but let's just say that in 15 years our goal is to have 50% of the nations fleet be hybred/electric.

Even while that's going on, we need to make geothermal energy more widespread and efficient especially for heating up north. We'll get the experts together on that and have national guidelines and goals for that.

Whew, finally, there will still be a need for oil/gas and Exxon and Mobil, we'll still be more energy efficient than we are now.

Anyhow, I'd appreciate your vote- my official position will be significantly more detailed than this.

BTW...Very little wind energy is in my plan...the windmills are a blight on the horizon...maybe a few as we bridge the gap to efficient solar.

Now that is a plan! Bravo!
 
supply and demand doesnt make oil jump $11 dollars in 1 day. Demand hasnt gone up over 100% in less than a year either. End speculation and oil will go down 25-30 dollars. Supply and demand plays a part in the price of oil but not near to the current extent.
 
The two biggest factors in oil are supply/demand and the falling dollar.....Congress can effect BOTH of those...


Actually, I think the falling dollar is mostly a function of the Federal Reserve, which is purportedly independent.

Congress continually raising federal debt levels to record heights year after year doesn't help, of course, but the quickest way to make the dollar worth more is to . .. . . reduce supply.

I.E. print less and make it more expensive to borrow. This has other problems, of course (ever tried to sell a house when a mortgage was 15%?), but it would certainly help make the dollar strong again.
 
Will you guys vote for me????

What this nation needs is a Manhattan Project Size Plan for our nations energy policy. We need to put politics aside.

My plan....
Start Drilling in ANWAR- the oil companies say they can do it cleanly, so let them...with huge penalties if they fail to drill cleanly. Start extracting oil from the sands in utah etc...This is short term...

While we are doing that...we get the best minds in the nuclear industry together (GE, Westinghouse etc) and come up with one common design for the world's most advance nuclear powerplants...safe, and efficient. With a goal of 25% nuclear power in 10 years, 50% in 15 years, and 75% in 20 years. (BTW France gets 95% of thier electric power from nuclear.)

While we're doing that, use some of the subsidies that we currently give oil companies to make solar power 50% more efficient than it currently is in 7 years. Once we do that, then offer subsidies to homeowners that will make the break even point for electric power in your house a 5 year proposition.

If we get solar and nuclear on-line as I will, than we will have a glut of safe and efficient electric power, to power our cars. I think that the car companies are getting the idea now that hybred/electric is the future, but let's just say that in 15 years our goal is to have 50% of the nations fleet be hybred/electric.

Even while that's going on, we need to make geothermal energy more widespread and efficient especially for heating up north. We'll get the experts together on that and have national guidelines and goals for that.

Whew, finally, there will still be a need for oil/gas and Exxon and Mobil, we'll still be more energy efficient than we are now.

Anyhow, I'd appreciate your vote- my official position will be significantly more detailed than this.

BTW...Very little wind energy is in my plan...the windmills are a blight on the horizon...maybe a few as we bridge the gap to efficient solar.

thats pretty much exactly what needs to happen.
 
supply and demand doesnt make oil jump $11 dollars in 1 day. Demand hasnt gone up over 100% in less than a year either. End speculation and oil will go down 25-30 dollars. Supply and demand plays a part in the price of oil but not near to the current extent.

Just curious...How do you "end speculation"? Where was the outcry for "ending speculation" with the housing market...or the dot.com fad....Oh that's right...many of the people here actually participated in those speculative markets....so it was OK.....
 
PCL, your still here?

Your the dork at the party that just wont leave.

PCL_128= Sherminator (American Pie)
 
That would actually be relevant if they had done something that could affect oil prices. They haven't. Oil started going up when people started worrying about an Iraqi quagmire. That's when the speculators started dabbling. It only got worse from there.

Have you read this?

by Ed Wallace - 6/15/2008

http://www.northplattebulletin.com/index.asp?show=news&action=readStory&storyID=14659&pageID=3
One piece of legislation is why the price of everything is going through the roof.
[This article describes the connection between soaring California electric rates in 2001, the subsequent collapse of Enron and the soaring gas and oil prices of today. First published May 21 in the Dallas-Ft. Worth Star-Telegram -- Editor.]
 

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