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Iraq, Arnie, Israel, Arafat, Sharon, WH Leak, Wilson, Bush, Quagmire

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loudnclear Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 09:04 PM
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Iraq, Arnie, Israel, Arafat, Sharon, WH Leak, Wilson, Bush, Quagmire
All this stuff is happening and while we are looking at the chaos, one more bit of disaster is heading our way and neocons have us looking at everything else. Wait until the outrageous oil prices hit us this winter. Have you noticed that gasoline prices have crept up and STAYED up even after the events passed that they blamed the increases on? It has little to do with Iraq or OPEC. OPEC has not changed anything to cause the prices to be where they are. Remember, the surge in gasoline and other fuel costs were said to be caused by the 'Blackout?' Someone please explain to me how a blackout that stops people from turning on lights, driving their autos, and otherwise using fuel...how does that create a shortage that justifies raising gas prices to where they are now? Now we are being warned that fuel prices will be increasing for the winter...and all this BEFORE OPEC meets and makes any decisons.

Folks, we just survive on this planet. Only a few people get to make the decisions that matter...and we aren't them! If Arnie wins CA just know that an election in 2004 is meaningless. We live in a sham democracy and we are only as free as caged animals...free to roam in our little spaces. We are a living "Animal Farm"
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Wwagsthedog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-07-03 09:21 PM
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1. OPEC cut production
This may explain why gasoline and oil prices haven't fallen much lately.

<snip>

Now the world knows what OPEC hopes to do: Keep oil selling for no less than $25 a barrel by cutting 600,000 barrels per day from the current production target. The surprise announcement Wednesday (Sept. 24) shocked world oil markets, boosted oil futures prices by $1 a barrel and sent U.S. stock prices slumping.

The move even prompted a polite plea Thursday from President Bush. "I would hope our friends in OPEC don't do things that would hurt our economy," Bush said.

There may be less reason for worry than first meets the eye, oil experts and economists say. What OPEC plans to do and what OPEC will be able to do are not necessarily the same thing.

<snip>

http://www.chicagotribune.com/business/showcase/chi-030...
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