Tuesday, January 09, 2007
Big Oil picking your pockets again America......
Oil Prices Fall About $2 a Barrel to Lowest Levels in 18 Months on Rising Inventories in U.S.
LONDON (AP) -- Oil prices fell about $2 a barrel Tuesday to their lowest levels in 18 months in a market expecting more mild weather and rising inventories in the United States.
Temperatures in the U.S. Northeast have been above normal this winter, curbing demand for heating fuels in the world's largest heating oil market.
The above is just the first catch lines from an AP news post courtesy of Google where most of you search and get your news today. WHAT IS WRONG WITH THE NEWS? I posted a blog in early October regarding Oil prices and supply and demand. I warned then that Big Oil was lowering gasoline prices($2.15 per gallon) in the face of rising Oil prices($68 per barrel) at the time to ease the Republican midterm election. Did anyone listen? Maybe. I said that after the election there would be higher prices because win or lose, Big Oil would not need to help anyone, just themselves to gross, unheard of profits. These profits come from you and me. Are you ready to still buy gas guzzeling cars America? Are you ready to continue with the same popaganda campaign from American auto makers for the global damaging cars that they have to give you incentives to buy? The price of a barrel of Oil is less than $59. The price of a gallon of gasoline now is $2.55 now. Lets see.......that means supply and demand work opposite than what I learned in school. I was taught with more supply price goes down. I am so glad to live in America, the land of the FREE MARKET, where Oil prices go down and the cost of gasoline miraculously goes UP. That is not the only thing, the profits of Big Oil go up also. You know what does go down? The cost of GAS GUZZELING autos goes down. Since the Republicans are no longer for sale in Congress because they were marginalized by the American People, the only way Big Oil can shove their profits down the throats of the American public now is to control their driving habit. See the website below for the details of Big Oils ownership of the American Auto Industry and therefore The Gas Guzzelers that We 'Choose' to drive.
http://www.ev1.org/gmoil.htm
ownership of shares by company of GM stock:
Chevron $469,000,000 worth
Exxon $844,000,000 worth
Connoco Phillips $312,000,000 worth
BP $82,000,000 worth
other $404,000,000 worth
Boy you would think that these companies have a vested interest in America buying gas guzzeling cars. I guess if I was making 10 billion dollars a quarter like Exxon, I would have a vested interest.
There are a couple of Dirty Harry questions that you have to ask yourself.
Was it worth having the Rebulicans giving tax breaks to Big Oil?
Was it worth getting rid of alternative energy vehicles at the cost of the Environment?
Was it worth turning economics on its head to put money in the pockets of a few rich Corporations?
We have to demand a fair society, where market forces are governed by market forces and not the manipulations of a few wealthy corporations with the purchase of government co-conspiritors(Read Republicans). You elected people to Represent a new direction for our society, hold their feet to the fire.
Phillip Wister
LONDON (AP) -- Oil prices fell about $2 a barrel Tuesday to their lowest levels in 18 months in a market expecting more mild weather and rising inventories in the United States.
Temperatures in the U.S. Northeast have been above normal this winter, curbing demand for heating fuels in the world's largest heating oil market.
The above is just the first catch lines from an AP news post courtesy of Google where most of you search and get your news today. WHAT IS WRONG WITH THE NEWS? I posted a blog in early October regarding Oil prices and supply and demand. I warned then that Big Oil was lowering gasoline prices($2.15 per gallon) in the face of rising Oil prices($68 per barrel) at the time to ease the Republican midterm election. Did anyone listen? Maybe. I said that after the election there would be higher prices because win or lose, Big Oil would not need to help anyone, just themselves to gross, unheard of profits. These profits come from you and me. Are you ready to still buy gas guzzeling cars America? Are you ready to continue with the same popaganda campaign from American auto makers for the global damaging cars that they have to give you incentives to buy? The price of a barrel of Oil is less than $59. The price of a gallon of gasoline now is $2.55 now. Lets see.......that means supply and demand work opposite than what I learned in school. I was taught with more supply price goes down. I am so glad to live in America, the land of the FREE MARKET, where Oil prices go down and the cost of gasoline miraculously goes UP. That is not the only thing, the profits of Big Oil go up also. You know what does go down? The cost of GAS GUZZELING autos goes down. Since the Republicans are no longer for sale in Congress because they were marginalized by the American People, the only way Big Oil can shove their profits down the throats of the American public now is to control their driving habit. See the website below for the details of Big Oils ownership of the American Auto Industry and therefore The Gas Guzzelers that We 'Choose' to drive.
http://www.ev1.org/gmoil.htm
ownership of shares by company of GM stock:
Chevron $469,000,000 worth
Exxon $844,000,000 worth
Connoco Phillips $312,000,000 worth
BP $82,000,000 worth
other $404,000,000 worth
Boy you would think that these companies have a vested interest in America buying gas guzzeling cars. I guess if I was making 10 billion dollars a quarter like Exxon, I would have a vested interest.
There are a couple of Dirty Harry questions that you have to ask yourself.
Was it worth having the Rebulicans giving tax breaks to Big Oil?
Was it worth getting rid of alternative energy vehicles at the cost of the Environment?
Was it worth turning economics on its head to put money in the pockets of a few rich Corporations?
We have to demand a fair society, where market forces are governed by market forces and not the manipulations of a few wealthy corporations with the purchase of government co-conspiritors(Read Republicans). You elected people to Represent a new direction for our society, hold their feet to the fire.
Phillip Wister
