A Salute to Condoleezza Rice, Dick Cheney, & Bush as I Pay $2.35 a Gallon

[underthedome]

It's high time to Paint the White House Black with Oil after all we've got Condoleezza Rice, a Chevron Director up until 2001 who had a tanker named after her (see photo below) Dick Cheney, Chairman and Chief Executive of Halliburton Corporation, the world's largest oil field services company. And George Bush himself who has over 20 years of experience in the Oil Business.

I Salute You and Your Profits!


*BP on course to set new profits record as oil soars.

http://www.belfasttelegraph.co.uk/news/business/story.jsp?story=626661

*Gas Price Hikes and Huge Profits for ExxonMobil Corp.

http://www.npr.org/templates/story/story.php?storyId=4581056

*Royal Dutch/Shell raked in $19 billion in profits after taxes in 2004, up 48 percent. While Chevron Texaco had $13 billion dollars in profits after taxes, up 85 percent.

http://www.billingsgazette.com/index.php?id=1&display=rednews/2005/03/20/build/business/35-falstad.inc


The Condoleezza Rice Oil Tanker

[underthedome]

1. Feel free to print out and post at you nearest gas station pump(s)

so others may celebrate as well.

[boneygrey]

2. Please explain to me

how the Admin is the cause of high gas prices.

[bpilgrim]

4. Illegal War

mostly :hi:

peace

[boneygrey]

6. Huh?

:wtf:

[bpilgrim]

46. fighting an Illegal war where the worlds 2nd largest reserves are

can put a big crimp in an already tight market when your supply is getting BLOWN UP instead of shipped AND we're sucking the rest up in gass guzzeling armored vehicals to keep our army on the move.

hope that helps :hi:

peace

[underthedome]

8. Explain to me why the SPR is still being filled

I'm told oil prices will fall by Greenspa n so explain to me why we continue to pump 250,000 barrels of oil into the Strategic Petroleum Reserve when prices are at an all time high?

[boneygrey]

11. Let me preface this by

saying I have a degree in economics. The SPF needs to be filled to help in the case of a catastrophic disruption in the oil supply. If we drain it, we're fucked.

[underthedome]

14. good for you.

Keep working and you'll get that PH'D.

The SPR was tapped by Clinton and oil prices fell by $7.00 per/b. Currently the SPR is close to full yet it is still being filled when prices are at an all time high. Now as economics graduate, do you think that is a wise move?

[boneygrey]

18. Yes I do. n/t

[underthedome]

21. Well that is an economic no-no

Why would you fill up reserves at record high prices when you think they are going to fall in a few months?

[boneygrey]

25. Let me say this again

for the slow people.

Major supply disruption=a need for the reserves. Do I really need to explain further?

[underthedome]

30. Are you slow? It is almost full, why keep adding to it

when prices are at record highs??

Only reason I can think of is that they are planning to attack Iran.

[boneygrey]

33. Oh Good God. n/t

[underthedome]

9. in 3 words, Their Energy Policy. Any more Questions? nt

nt

[boneygrey]

15. I'm playing devi's advocate

Your "brilliant response" is in 3 words, Their Energy Policy. Any more Questions?

How could it be better. Think about the huge demand for oil from China and India. Clue, as I said, think supply and demand.

[underthedome]

19. supply and demand

Bush's foreign policy has brought fear that oil supplies may be disrupted.

The weak dollar policy has forced prices higher.

The SPR being filled has taken oil off the market.

Government funded R&D for alternative energy almost nonexistent.

Gov. Tax breaks for SUV's.


And who helped Dick with that Energy policy again?

[global1]

16. I Guess If You Don't Have A Problem With This Administration and High ....

gas prices - then we can all send our fuel bills to you to pay.

How do you explain the excessive profits that the oil companies are making? Why aren't they putting that money back into more refineries so that they can process the crude faster and not create an artificial supply/demand curve?

What do you expect when you have oilmen/women in the WH? Why doesn't * lean on the oil companies to ease up on the profits and lessen the cost per gallon to the American people?

How could one see one Speedway gas station have $2.40/gal gas price and six miles up the road another Speedway sells the same regular gas for $2.04? Why does gas pricing go up on Thurs or Fri before the weekend? Why are all gas stations clustered around an intersection selling the gas for exactly the same price? What happened to competition? What happened to price wars?

Guess what they are all in collusion.

Why is the American Public putting up with this? Why aren't we using this (high gas prices) to bring down *Co?

Use the high price of gas to bring them down. Don't buy into the MSM's contention that its going to get higher in the summer. They are telling us this now to condition us to accept it when it happens. And do you know what - the quarter that ends after summer - you'll again see record profits for oil companies.

We should be as mad as hell and not put up with this anymore.

Everything is going to go up. Food prices because of transportation cost to get food to market will go up. Public transportation is going to go up. Bus, Train and Airplane fares will go up. Entertainment costs will go up because less people will have the ability to go on vacation , see a movie, etc - because they will be putting that money that would have gone for these perks into paying their gas and fuel bills - just so they can get to work and do the day to day chores.

Yea - * gave us our money back - a $300 tax rebate during his first term - our money - then he's had his hand in our pockets ever since.

I think that the high and rising prices for gas can bring down this administration. It could win us back the senate and/or house. We need to kick this issue up and blame it all on * and the Repugs.

This is not only effecting us Dems - it has hit everyone - Repugs as well.

Some of my Repug friends now are having second thoughts about voting for * in '04. Some of his biggest defenders during the run up to the election are now questioning why they voted for him.

Let's use this 'gas price gouging' against * and the Repugs. We finally have an issue that effects all of us equally. (Except the 'rich' that is).

You can talk all you want about Peak Oil, Anwar, OPEC - but we all know - this is about profits.

After gas prices come down from $2.35 or $2.50 highpoint this summer - we'll all be happy with $2.00 gas price and we will have fallen victim again to the old oil company sham about artificially bringing the cost up to where it really hurts and then dropping it to $0.25 more than it was before it all started. We will have some relief - but the oil companies will have achieved their objective of raising the price again.

I have a 1995 car that gets 22 mpg in the city. I'm out looking for a new car 10 years later and gas mileage is the same or worse than my 1995 car - unless I go out and purchase a hybrid.

Why haven't we learned from the first oil crisis? Why have we let up on Detroit? Why don't all 2005 model cars get 35 mpg? Our government has let us down. Corporate America (Detroit, Oil Companies, etc) has let us down.

Come on people - even you 'boneygrey' - let's get together on this - unless of course your one of those 'rich' people I mentioned above.

[Spider Jerusalem]

20. Supply and demand.

Price ISN'T going to come down, sorry...demand exceeds supply, and as neither OPEC nor anyone else has any spare production capacity, this isn't going to change...not unless you find a way to eliminate growing demand from China and India, that is. If you think it's all about profit, you're sadly deluded. During the first oil crisis you refer to, there was a conscious decision by OPEC to curtail exports...now, they're pumping flat out, and it still isn't enough. Vastly different situation.

[underthedome]

22. Prices will fall as more refiners go online.

But even before that happens they will fall due to an economic slowdown that was created by the high oil prices in the first place.

[Spider Jerusalem]

24. "more refineries go online"???

Where? There hasn't been a new refinery built in the US since 1976, and as far as I know, there are no plans to build any new ones. Besides which, it takes YEARS (as many as ten) to construct a refinery.

[underthedome]

32. S.A. wants to build in India/China

that would drive prices down overall. But your right, that isn't going to happen anytime soon.

[Spider Jerusalem]

39. And wouldn't affect at-the-pump prices in the US much in any case...

since crude arrives in the US via pipeline or tanker and is refined here, not refined elsewhere and then shipped here.

[fortyfeetunder]

43. and -- jobs are outsourced to these countries

I am astonished of the surprise at the increased oil supply!

[boneygrey]

28. Yep

[boneygrey]

23. Why aren't they putting that money back into more refineries so that they

Very good point. The last refinery built in the US was about 35 yrs. ago. Our refineries have to retool in the fall to accommodate 17 grades of gas to satisfy specific state regs. Our refineries can not efficiently process Saudi sour oil(high in sulfur).So, your point is well taken. Do something about the irrational enviros and we can get more capacity. Don't you agree?

[underthedome]

27. You want air quality to go down?

No. Instead how about giving tax breaks to those who use devices that conserve energy? How about giving $50 billion a year to R&D new energy sources in the name of national security?

[onehandle]

3. Thank you, Thank you, Thank you for that photo.

I've been looking a pic for years of the kindasleazy tanker.

[boneygrey]

5. Why?

What do you gain?

[onehandle]

7. Nothing.

However my non-gain is Condi's reputation's loss.

[boneygrey]

12. Wow that's smart. n/t

[DawnneOBTS]

10. The Bottom Line

This is simple: In 1995, I remember paying 99 cents, no lie, for a gallon of gasoline in Edison, New Jersey. Today, the same gallon costs $2.01. Why? Well doubting Thomas, Bill Clinton was in the White House then. Who's there now? Bandar Bush and Co. End of story. Bill Clinton had nothing to gain by ripping people off on gas prices. He had no stock in them. Duh. Every person on DU knows how much stock the chimp and family have in oil companies (which means bigger $$$ for them). The Shrub family's "friendship" with the Saudi Royal Family doesn't hurt either.

[boneygrey]

13. That has to be the dumbest

fucking thing I've read in a long time. Ever heard of supply and demand? Get an Econ textbook will you.

[global1]

17. I See You Edited Your Last Post - Did You Originally Put Enron Textbook..

instead of Econ Textbook?

[boneygrey]

31. No I corrected my

spelling of "demand". I missed the "n".

[alcibiades_mystery]

26. Everyone claims China and India's demand is WAAAY up

But I've never seen this demonstrated in any way.

Could some of our very esteemed economists who keep making this argument provide some kind of trend line that would show China and India's demand up proportionally to the rise in oil company profits.

Forgive me for asking for actual evidence, but - then again - I'm not the one trotting out my "academic" credentials.

[Spider Jerusalem]

29. Five million automobiles manufactured in China just LAST YEAR...

isn't demonstration enough for you? It isn't as though they can run those cars on soy sauce, you know.

India has experienced a similar growth in the number of automobiles, and that's one of the primary forces driving increased demand.

[Name removed]

34. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Spider Jerusalem]

35. The fact that China's domestic auto industry...

is now the world's SECOND largest should be "evidence", as you put it. You do the math: Five million autos/year * (x litres of gasoline needed to operate said automobiles) = serious spike in crude petroleum demand.

Auto sales in India are up significantly, as well...Toyota recently opened a new manufacturing plant there.

Links: http://www.chinadaily.com.cn/english/doc/2004-04/24/content_325971.htm

http://news.bbc.co.uk/1/hi/business/1525001.stm

Oh, and you're incredibly ill-mannered; do you always respond to someone telling you something you apparently didn't know so rudely?

[Name removed]

37. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Name removed]

40. Deleted message

Message removed by moderator. Click here to review the message board rules.

[boneygrey]

36. Do something as simple as

a Google search.:rant:

[alcibiades_mystery]

38. I'll wait for you to support your claim

And stick with Aristotle on the responsibility for that.

[boneygrey]

41. I'm going with memory here

so bear with me. In 2003 China's oil consumption was up 30% while India's was up either 14 or 18%. The numbers may not be exact, but they are in the ballpark. I have better data at work. The bottom line is that it is not us (US) driving the rise in gas prices.

Now let's put things in perspective. I hate the phrase that the price of gas is at an all time high. No, that's bullshit. Adjusted for inflation, we hit our high in 1981. Allowing for the rise in prices, we'd have to be between $2.85 and $3.00 per gallon and the price of oil per barrell would need to 80-90 dollars. Think people! Think! I'm fucking tired of hyperbole.

[boneygrey]

42. Denial

is comforting?

[boneygrey]

44. It was so simple

I thought you could do it on your own. BTW, I can't abide ignorance of basic economics. It only requires common sense.

[bpilgrim]

47. lol

yeah, the high prices is all in our heads.
nothing to worry about and this admin has NOTHING to do with it, eh?

sure

peace

[alcibiades_mystery]

48. Nothing to do with basic economics

We can apply the principles of basic economics here, and still not have an answer, because you haven't supplied any data. That's the point. If you tell me that the price of butter is up because demand is up, I can 1) understand basic economics (supply and demand), 2) accept basic economics as explanatory, AND 3) reject your explanation, if you proide no evidence that the demand for butter is up.

If it is soooo obvious, it shouldn't be hard for you to trot off and bring back some solid evidence. You're the one making the claim, after all.

I can't abide refusal to follow basic concepts of argumentation.

I'm perfectly willing to accept the explanation once I see some evidence for it. I hear this explanation all the time, woith nary any evidence trailing along, and that makes me very nervous.

[Warren DeMontague]

45. BEST KEPT SECRET in the US; people who don't spend as much $$$ on gas

It's a regular gul-dang conspiracy, but these special folks "in the know" end up with fat wallets at the end of the month, stuffed with the hard-earned cash that OTHER suckers have to shell out for gas!

SHHHHHH......

Don't tell anyone, but.... Here's how they do it!