Full Version: Oil briefly touches $96 a barrel today
This morning on the way up to my local Golds, I noticed the price of gas rose 10 cents a gallon overnight, at my local Conoco, and I see where a barrel briefly touched $96 this morning. Very concerned about where this is going, and going into the major holidays as well......Its now up to $3.19 a gallon reg. unleaded here.
QUOTE(hockeyTom @ Nov 1 2007, 01:49 PM) 
This morning on the way up to my local Golds, I noticed the price of gas rose 10 cents a gallon overnight, at my local Conoco, and I see where a barrel briefly touched $96 this morning. Very concerned about where this is going, and going into the major holidays as well......Its now up to $3.19 a gallon reg. unleaded here.
Tom, I saw that gas was $3.29 for "regular" here in Chicago, and it may even be higher in some places. I actually took the El this past weekend to avoid using my car and unnecessarily burning gas.
Just keep in mind who's getting richer and richer from these outrageous prices. They're also making people like Vladimir Putin and Hugo Chávez incredibly powerful.
Meanwhile, the vast majority of Americans (and poor suckers everywhere else across the globe) are really getting hit hard by these prices.
Actually, I am surprised gas isn't already over $5 a gallon. I have a feeling it's coming. Give the stock market another day to crash like it did today, and that'll really heat things up. You're doing a heck of a job, Georgie!
During one segment of 'Hardball" this afternoon he had on Jim Kramer who does a show on CNBC, and Chris wanted to know what is up with the price of oil, and the stock market....the news isn't good as you would expect. Kramer thinks we are headed for $4.00 a gallon or higher within the next 3 months. Its already $ 5.00 a gallon in Calif. today I hear. He also said looking out maybe 5-10 years, we maybe paying between $5.00-$10.00 a gallon. He said we are running out of oil worldwide. Kramer said he would like to see a President ( with some balls) go over to Saudi Arabia and tell them to "knock it off," says he believes they are responsible primarily for the price of a barrel of oil...that they are jacking up the price..
He also thought we should be going totally nuclear, or should I say, "nuclur"
but that it takes 5-7 years to bring a plant online. He didn't say what we need to do with the waste however...
His last comment about the economy, and he says obviously we are looking at a recession, soon, given the price of oil and the housing situation, is we need to get this housing crisis dealt with and soon, so we can be in a position to deal with the oil/gas problem....
He also thought we should be going totally nuclear, or should I say, "nuclur"
but that it takes 5-7 years to bring a plant online. He didn't say what we need to do with the waste however...His last comment about the economy, and he says obviously we are looking at a recession, soon, given the price of oil and the housing situation, is we need to get this housing crisis dealt with and soon, so we can be in a position to deal with the oil/gas problem....
HockeyTom, I read about Cramer's comments, and my question is, what are poor and working-class people, let alone middle class folks, who live in rural and suburban areas, or cities with poor public transportation, supposed to do about getting to work? And for people who own low-mileage cars, trucks and SUVs, they're going to be hit even worse.
Take Chicago: the city of Chicago is huge, and Chicagoland (which includes the suburbs) is gigantic, and there are many places you can reach by El or bus or Metra (the commuter train system), but there are others that are hard to get to because the city and suburbs are so vast, and the transportation system doesn't reach them (and was nearly decimated last month because of budget problems). If you've got to get to work by car, and on top of everything else if you to pay for $5-$10 gas, how are you going to be able to afford it?
Think of all the cities that don't have adequate public transportation. This is going to severely impact not only the poor and working class, but also many middle-class people, the elderly, etc. It's just getting insane.
I don't know if nuclear power is the answer because there is the ongoing waste issue, but we use 20.6 million barrels of oil A DAY in this country. Check out this chart. The next closest country in oil use, with more than 3 times our population, China, uses only 7.3 million barrels. The next closest of the fully developed, wealthy countries in the world, Japan, only uses 5.2 million. This is INSANE on our part! We have got to start turning this situation around, and quickly, but I just fear that people aren't grasping this problem and won't until it's too late and our economy is screwed.
I hate to keep saying this, but just keep in mind that to finance those tax cuts, the Iraq and Afghanistan wars, and Bush and the GOP's reckless spending, we have been borrowing money like it's out of control from the Chinese. The Democrats are too timid to say this, but we are going to have to deal with a terrible financial reckoning sooner than we thought, because of the deficit spending, the real estate collapse and subprime mortgage fiasco, the dollar's plummet, and rising commodity prices. Well, all of us but the billionaires who can buy $33 million dollar duplexes on 5th Avenue and not blink an eye....
Take Chicago: the city of Chicago is huge, and Chicagoland (which includes the suburbs) is gigantic, and there are many places you can reach by El or bus or Metra (the commuter train system), but there are others that are hard to get to because the city and suburbs are so vast, and the transportation system doesn't reach them (and was nearly decimated last month because of budget problems). If you've got to get to work by car, and on top of everything else if you to pay for $5-$10 gas, how are you going to be able to afford it?
Think of all the cities that don't have adequate public transportation. This is going to severely impact not only the poor and working class, but also many middle-class people, the elderly, etc. It's just getting insane.
I don't know if nuclear power is the answer because there is the ongoing waste issue, but we use 20.6 million barrels of oil A DAY in this country. Check out this chart. The next closest country in oil use, with more than 3 times our population, China, uses only 7.3 million barrels. The next closest of the fully developed, wealthy countries in the world, Japan, only uses 5.2 million. This is INSANE on our part! We have got to start turning this situation around, and quickly, but I just fear that people aren't grasping this problem and won't until it's too late and our economy is screwed.
I hate to keep saying this, but just keep in mind that to finance those tax cuts, the Iraq and Afghanistan wars, and Bush and the GOP's reckless spending, we have been borrowing money like it's out of control from the Chinese. The Democrats are too timid to say this, but we are going to have to deal with a terrible financial reckoning sooner than we thought, because of the deficit spending, the real estate collapse and subprime mortgage fiasco, the dollar's plummet, and rising commodity prices. Well, all of us but the billionaires who can buy $33 million dollar duplexes on 5th Avenue and not blink an eye....
This is the stuff of which revolutions are made. Just wait until the bill is due for this useless war in Iraq. Bush's great, great-grandchildren will still be paying for this war. And you thought the sub-prime housing loans were a drag on the economy. The worst is yet to come.
QUOTE(millerbeach @ Nov 12 2007, 08:56 AM)
This is the stuff of which revolutions are made. Just wait until the bill is due for this useless war in Iraq. Bush's great, great-grandchildren will still be paying for this war. And you thought the sub-prime housing loans were a drag on the economy. The worst is yet to come.
Well, right-winger Laura Ingraham said today on The View that the war in Iraq is going "well." Remember, Coultergeist has been saying that it's all going "swimmingly." Conservatives refuse to talk about the deaths of US soldiers and Iraqi citizens, the mercenaries run amok, Iraq's failed government, the ongoing political crises in the Middle East which this war was supposed to clear up, the absent WMDs (which they're now trying to project onto Iran), the billions of dollars gone missing, the gross corruption in the Iraqi government and among the US contractors, and on and on, or even Turkey's continuing border skirmishes in Kurdistan, but if you skip all of that, well, the war is going "well" according to them.
And W claims that he has to have more money to prolong it till he gets out of office, or else....
Meanwhile, think about this, from the Boston Globe via Editor and Publisher:
QUOTE
"If the Bush administration succeeds in its latest request for funding for the war in Iraq, the total cost would rise to $611.5 billion, according to the National Priorities Project, a nonprofit research group," the staff stated in an online introduction. "The amount got us wondering: What would $611 billion buy?"
Among the findings, from college tuition to free gasoline -- each posted with an accompanying photo -- staffers revealed the following:
• "U.S. drivers consume approximately 384.7 million gallons of gasoline a day. Retail prices averaged $3.00 a gallon in early November. Breaking it down, $611 billion could buy gasoline for everybody in the United States, for about 530 days."
• "In fiscal 2008, Medicare benefits will total $454 billion, according to a Heritage Foundation summary. The $611 billion in war costs is 17 times the amount vetoed by the president for a $35 billion health."
• "According to World Bank estimates, $54 billion a year would eliminate starvation and malnutrition globally by 2015, while $30 billion would provide a year of primary education for every child on earth. At the upper range of those estimates, the $611 billion cost of the war could have fed and educated the world's poor for seven years."
Among the findings, from college tuition to free gasoline -- each posted with an accompanying photo -- staffers revealed the following:
• "U.S. drivers consume approximately 384.7 million gallons of gasoline a day. Retail prices averaged $3.00 a gallon in early November. Breaking it down, $611 billion could buy gasoline for everybody in the United States, for about 530 days."
• "In fiscal 2008, Medicare benefits will total $454 billion, according to a Heritage Foundation summary. The $611 billion in war costs is 17 times the amount vetoed by the president for a $35 billion health."
• "According to World Bank estimates, $54 billion a year would eliminate starvation and malnutrition globally by 2015, while $30 billion would provide a year of primary education for every child on earth. At the upper range of those estimates, the $611 billion cost of the war could have fed and educated the world's poor for seven years."
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