Oil is tanking. The public is lost without gas vehicles and planes. Probably easier to shoot a horse. Hey- that's what the CEO's should travel upon to their next insulting visit - instead of their jets, a horse and buggy!
On Nov 23, 6:21 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > First, let's look at the source of the problem: > > Detroit News - Representatives and senators should have been > answering questions from the automakers about why they approved > government policies that have played the biggest role in driving > American carmakers toward extinction. . . . Why did members of > Congress — such as House Banking Chairman Barney Frank, Senate Banking > Chairman Christoper Dodd and others — raise fuel economy standards, > adding more than $85 billion in costs as the industry was > restructuring itself? > > If the reason was forcing automakers to deal with higher gasoline > prices, perhaps the politicians could explain why they have made fuel > more scarce by blocking domestic drilling for oil and preventing new > refineries from being built during the past three decades. > -http://www.detnews.com/apps/pbcs.dll/article?AID=/20081121/OPINION03/... > > On Nov 22, 4:04 pm, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > But considering human nature, d.b., and the millions of unsold cars > > with slashed prices, I think Americans and those that like American > > cars (the Chinese prefer Buicks) will simply disregard low gas mileage > > now that oil/gas is low and the mery-go-round will twirl again. > > > On Nov 22, 12:10 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > > > > [Q] - Russia is now lurching towards a major economic crisis, experts > > > predicted today, following news that the price of oil had slumped to > > > under $50 a barrel. > > > > The collapse in the value of oil was likely to have several > > > catastrophic consequences for Russia including a possible devaluation > > > of the rouble and a severe drop in living standards next year, they > > > warned. . . . > > > -http://www.guardian.co.uk/world/2008/nov/20/oil-russia-economy-putin-... > > > > [Q] - Iran is the second largest Opec oil producer and already feeling > > > the pain of declining prices more than any other in the Middle East. > > > > Its “rainy day” oil stabilisation fund, used to release profits when > > > revenues decline, is reportedly badly depleted as a result of > > > mismanagement by Mahmoud Ahmadinejad’s government... > > > > Iran is especially vulnerable because 80% of its revenue comes from > > > oil. > > > -http://www.guardian.co.uk/world/2008/nov/20/iran-oil-prices-mahmoud-a... > > > > [Q] - Hugo Chavez has reduced Venezuela’s support to foreign allies > > > and is poised to make deeper cuts at home and abroad as plunging oil > > > revenues hit his self-styled socialist revolution. > > > > The government has warned of austerity measures after years of > > > breakneck spending on social programmes, nationalisations, arms and > > > diplomacy, an exhilarating splurge when there seemed no end to petro- > > > dollars. > > > > South America’s energy giant relies on oil for half of its exports and > > > 95% of government revenue, leaving Chavez’s ideological and political > > > ambitions vulnerable to a crunch. . . > > > -http://www.guardian.co.uk/world/2008/nov/20/hugo-chavez-venezuela-oil...- > > > Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
