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