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Oil($130/ barrel) has risen 6-fold since 2002

Name: Anonymous 2008-05-23 23:34

Oil prices, now $130 a barrel, have risen six-fold since 2002.

Name: Anonymous 2008-06-12 1:22

You know who we have to blame for high oil prices?

Environmentalists and Congress.

1) In 2001 CONGRESS de-regulated the commodities exchange so that more people could invest. This meant the now, large banks could buy into a market that they were previously excluded from. Since banks can issue loans, they buy oil futures on loan and repay themselves when they resell at a higher rate.

2) Environmentalists want to force the US to change buy bullshitting about "protecting the animals" but at the same time trying to say that the oil companies are solely to blame. IF companies could pump and refine oil in the US more so then they do now, prices would go down (not down to $2.00/gal, but every bit helps).

If we re-regulate the commodities market, people would bitch because the value of their mutual funds and such would fall because they invest in oil too. It would also mean that banks would have less money to loan out and people couldn't buy as much on credit or via loan.

The democrats in congress will NEVER allow the US to drill for oil inside the US because they are too much in bed with the environmentalist lobby. But here is the ironic part: environmentalists would rather have rabid polluters like CHINA drilling in the gulf. They don't live here, why should they give a shit about polluting here. Wouldn't it be better for the environment if a company subject to US environmental laws was drilling and not a foreign one?

So, next time you see an "environmentalist" bitching about oil company profits, I would like he/she in the groin and say "thanks for jacking up my oil prices"... because that is what I do.

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