You so desperately want to blame this all on Bush, huh? 1. Speculation in the market is all about supply and demand. Demand is growing and no one think supply will keep up. That equals higher prices. Fears about demand disruption center around Iran, not Iraq. Bush has deferred to Europe on the Iran question. So do we blame Europe for failing to solve the crisis?
2. The Saudis are running out of easily exploitable oil. They don't want to admit it for fear of creating a panic that pushes oil even higher. 3. Loads of financial people just disagree with you here. 4. The NIMBY's are at it again. Time to switch technogolies. On Sun, Jul 6, 2008 at 3:03 PM, Gruss wrote: > > RoMunn wrote: > > The irony is that bin Laden didn't have to do anything to get oil to > > $140/barrel. Demand from Asia has done that. > > There are 4 things here: futures market (cost of oil), supply, demand, > refining capacity > > (1.) futures market - Bin Laden has had a disastrous effect here if > you attribute any of the shaky middle east situation to him (I would > say most of it right now is directly because of him). > > (2.) Supply. Unfortunately the Saudis have the largest impact here > and their thumbing of the nose at Bush - almost blatantly telling him > to publicly fuck off - shows the utter failure of 12 years of Bush > family policies and one of the top marks of Bush failure. > > (3.) Asia & India. Which is almost totally irrelevant because there > is plenty of oil for them and us. i.e., there is plenty of supply for > the demand if the suppliers supplied. But they don't because they > enjoy - as we all should - kicking Bush the moron in the nuts. > > (4.) Refining capacity. > > Let's add it all up: > > Bush fuck up + Bush fuck up + Asian demand + Bush fuck up = $150/barrel. > > So there ye be. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:263429 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
