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Jimskins
Joined: 07 Nov 2007
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 Posted: Mon Jun 30, 2008 12:04 pm Post subject: |
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$2 a gallon? *sigh* we Brits still dream of the days when fuel was $2 a litre.
Currently $2.50 a litre at my local pump. You lot don't know you're born.  |
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Bigfeet
Joined: 29 May 2008
Location: Grrrrr.....
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| Posted: Mon Jun 30, 2008 3:08 pm Post subject: |
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| American policy need to go away from cheap oil for one simple reason: We are not in control of oil anymore. Being addicted to cheap oil was ok when we produced most of what we consumed but this hasn't been the case since the 60s. Being addicted to oil now will only make foreign nations richer, more of a threat to us, and more in control of our lives. |
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Zenas
Joined: 17 May 2008
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| Posted: Mon Jun 30, 2008 3:35 pm Post subject: |
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| Bigfeet wrote: |
| American policy need to go away from cheap oil for one simple reason: We are not in control of oil anymore. Being addicted to cheap oil was ok when we produced most of what we consumed but this hasn't been the case since the 60s. Being addicted to oil now will only make foreign nations richer, more of a threat to us, and more in control of our lives. |
More regurgitated propaganda.
The US has more energy in its control than it could use at current rates of consumption and stifled technology in 250 years.
Your own government is 'in control of your life.'
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bucheon bum
Joined: 16 Jan 2003
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| Posted: Sun Jan 11, 2009 11:34 am Post subject: |
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| well gas ended up falling below 2 bucks w/out congress getting involved. |
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mises
Joined: 05 Nov 2007
Location: retired
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| Posted: Mon Jan 12, 2009 7:58 am Post subject: |
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| bucheon bum wrote: |
| well gas ended up falling below 2 bucks w/out congress getting involved. |
Because it was all speculation:
http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml
Related to this, I'm starting to see references here and there (will get links later) that the major investment banks (esp Morgan Stanley) deliberately fed the "peak oil" panic to drive investors into the commodity.
Also, there is a good relationship with Enron in all this. The link above elaborates. |
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