| You gotta be kidding me! Unless America wakes | | | | set crude prices, but the White House |
| up and makes some massive changes ASAP, we'll | | | | threatened to veto the measure. The bill |
| see quadruple a gallon gasoline- that's $10+ | | | | would subject OPEC oil producers, including |
| per gallon. We refuse to turn our AC units up | | | | Saudi Arabia, Iran and Venezuela, to the same |
| in the summer, we refuse to buy smaller cars, | | | | antitrust laws that U.S. companies must |
| we refuse to build more refineries, and we | | | | follow. |
| refuse drilling off the coasts and in Alaska. | | | | |
| As long as we stand pat on those issues and | | | | Is it possible to elect someone to Congress |
| others, gasoline prices are going to RISE- | | | | that has a brain and really wants to work for |
| and FAST! | | | | the people and do something constructive. |
| | | | Quit blaming others. Look in the American |
| And you thought $10 was high? | | | | mirror. We're the fat cats, the massive |
| | | | consumers, the non-producers, the excessive |
| Robert Hirsch, Management Information | | | | eaters of energy. Don't blame everyone else. |
| Services Senior Energy Advisor, gave a dire | | | | |
| warning about the potential future of gas | | | | "This bill guarantees that oil prices will |
| prices on CNBC's May 20 "Squawk Box". He said | | | | reflect supply and demand economic rules, |
| there was no single thing that would solve | | | | instead of wildly speculative and perhaps |
| the problem, due to the enormity of the | | | | illegal activities," said Democratic Rep. |
| problem. And quoting him specifically, "The | | | | Steve Kagen of Wisconsin, who sponsored the |
| prices that we're paying at the pump today | | | | legislation. Get real Steve! |
| are, I think, going to be the good old days, | | | | |
| because others who watch this very closely | | | | And don't keep talking about a lame gas tax |
| forecast that we're going to be hitting $12 | | | | holiday for the summer that'll save me $30! |
| to $15 per gallon." | | | | |
| | | | Wall Street tanked for the second straight |
| Hirsch told the Business & Media Institute | | | | session Wednesday as record-high oil prices |
| the $12-$15 a gallon wasn't his prediction, | | | | and a bleak economic assessment from the |
| but that he was citing Charles T. Maxwell, | | | | Federal Reserve deepened investors' worry |
| described as the "Dean of Oil Analysts" and | | | | that Americans may face several more months |
| the senior energy analyst at Weeden & Co. | | | | of rising costs and a shaky employment |
| Still, Hirsch admitted the high price was | | | | picture. The Dow Jones industrial average |
| inevitable in his view. | | | | fell 227 points, logging its widest two-day |
| | | | loss since late February. |
| Is that sobering enough to do something | | | | |
| different? | | | | Early in the day, stocks began falling on the |
| | | | surging price of oil, which shot up more than |
| Worst of all, we're FINANCING all of our | | | | $4 and breached $134 a barrel for the first |
| enemies. Chavez is just smiling ear to ear. | | | | time on the futures market Wednesday. $200 a |
| Ahmadinejad loves it. And so on. Let's makes | | | | barrel oil is on the way unless we change |
| TRILLIONAIRES out of all of our enemies. | | | | things and do it fast. But wait, there is one |
| Meanhile, back at the ranch (Congress), the | | | | other option. The high price of oil could |
| House of Representatives overwhelmingly | | | | drive the world into a DEPRESSION and then we |
| approved legislation on Tuesday allowing the | | | | could get back to $50 a barrel. |
| Justice Department to sue OPEC members for | | | | |
| limiting oil supplies and working together to | | | | Anyone up for a DEPRESSION? |