oil going back up....

[n757st]

President Bush has already stated that he will likely veto the stop oil speculation act, which passed the house this morning. Nice.

 

[bleagle]

I can't find anything about McCain on Kaine and his qualifications. But since you brought it up, why then is it acceptable to have Biden question Obama's experience during the primaries?

Democrats often times miss the logic.

Your logic about qualifications is fascinating! If experience is your major gauge of political success, what is going on with the current economy? It was experienced republican leadership that swayed to special interest and now the gubment has to bail out the financial industry. Remember it is and always will be someone elses fault....VOTE REPUBLICAN.

Loose regulatory practices ....make money and when the industries start to falter ...use the gment (taxpayer cash) to bail the industries out AND BLAME THE DEMOCRATS... BRILLIANT!

Get investor cash/CONSUMER CASH on loose regulations...MO MONEY!
Bail out and gain control of financial giants with taxpayer money.....MO MONEY!
No limits on OIL speculation...MO Money!!!!
Get McCain / SARAH "Thanks but NO Thanks" Palin into office.... MO MONEY!

That is $$$CHANGE$$$$ I CAN BELIEVE IN!

.....THIS IS ABOUT CASH ....F%$K EXPERIENCE!

 

[Hobiehawker]

Your logic about qualifications is fascinating! If experience is your major gauge of political success, what is going on with the current economy? It was experienced republican leadership that swayed to special interest and now the gubment has to bail out the financial industry. Remember it is and always will be someone elses fault....VOTE REPUBLICAN.

Loose regulatory practices ....make money and when the industries start to falter ...use the gment (taxpayer cash) to bail the industries out AND BLAME THE DEMOCRATS... BRILLIANT!

Get investor cash/CONSUMER CASH on loose regulations...MO MONEY!
Bail out and gain control of financial giants with taxpayer money.....MO MONEY!
No limits on OIL speculation...MO Money!!!!
Get McCain / SARAH "Thanks but NO Thanks" Palin into office.... MO MONEY!

That is $$$CHANGE$$$$ I CAN BELIEVE IN!

.....THIS IS ABOUT CASH ....F%$K EXPERIENCE!

You make my point. This post is all about emotion. Absolutely nothing but yelling and screaming. Why have you not pointed out that its been Democratic leadership overseeing this mess?

Go ahead and yell another emotional response.

 

[bleagle]

You make my point. This post is all about emotion. Absolutely nothing but yelling and screaming. Why have you not pointed out that its been Democratic leadership overseeing this mess?

Go ahead and yell another emotional response.

It's just business nothing personal or emotional. The democratic leadership is accountable for almost two years of an eight year republican administration....are the republicans accountable for anything? You can't be that one sided...especially if you are an "independent". I have seen democrats take accountability but I haven't seen republicans take ANY accountability. If you are "independent"... answer this..."Why are we in this economic mess?"

I agree with you...it's all the democrats fault.

 

[Hobiehawker]

I am an independent and this happened under the watch of two years Democratic leadership. If it was under a year I would blame the Republicans. But too much time passed for the Dems not to see the situation.

All this started 15 years ago with it coming to a head now. Many people to blame on both sides of the aisle. But the only control a President really has on the economy is tax rates. Congress oversees the mechanics of the system. Barney Franke should resign immediately!

 

[Smarta$$]

President Bush has already stated that he will likely veto the stop oil speculation act, which passed the house this morning. Nice.

This is the freaking funniest part of those tools that say "what has the democtratic congress done?"

 

[BoilerUP]

Oil was up $24 to near $130/bbl at one point today...last I checked CNBC it was up over $12.

This is happening because the nearly $1T corporate bailout package is weakening the value of the US dollar, and (again) institutional money is flowing into commodities like gold and oil.

The good news for Average Joeconsumer is gasoline futures were only up $0.05 at around $2.65/gal...that should equate to average retail prices going forward at or under $3.55...

 

[mwmav8r01]

Anyone realize these are Oct futures? Today was the last day of trading on Oct futures. Nov futures were up a little, 108 a barrel. It sucks but, a lot of people shorted Oct oil and needed to buy back. We will see where it goes tomorrow.

 

[DrunkIrishman]

Why are you having a political debate on the Flightinfo Majors forum? Yes I know, you are going to say that it has direct impact on the majors...however, it is still not the forum for this.

Apparently Flightinfo ought to have a politics forum for all these poly sci pilots we seem to have. While I'm thinking, we ought to have an economics forum too for all the millionaire investor pilots that keep making predictions.

 

[gt1900]

HMMMMM...... Told you so...... I still say it hits about $110-$115 before this runup is over.... Maybe $120 but demand has dropped off so much in the last couple month and the world economies are hurting so much that I think speculators will bail out between $110-$115...

 

[BoilerUP]

Oil closed at $120 today...

...evidently today was the expiration of the September contracts...

 

[gt1900]

ummm... your right..

Nymex Crude Future shows $108.99 at 16:53....
Dated Brent Spot shows $104.10 at 16:44 and WTI cushing spot shows $120.92 at 15:40..

I just looked at the Nymex crude really quick.