The president who said "America is addicted to oil" now begs the Saudis for another fix. Like some binge-drinking, pill-popping starlet -- is there any other kind? -- the president is prostrate before his top foreign "dealer," begging for more, even at the risk of public humiliation:
The Saudi oil minister, however, waited only a short time before announcing that oil prices would remain tied to market forces -- a direct slap at Bush.
Wow! When even your dealer won't sell you more, you have got a real problem.
Just one hour later, though, "President Bush made a private visit to Saudi Arabia's King Abdullah to again ask him to open the spigots."
That is like being turned down by your dealer and then desperately appealing directly to Pablo Escobar.
Anyone for rehab or, say, plug-in hybrids?
This post was created for ClimateProgress.org, a project of the Center for American Progress Action Fund.
Seven reasons for optimism about the Senate climate bill
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GreyFlcn Posted 3:06 am
17 Jan 2008
http://greyfalcon.net/oilprice.png
I mean it's election season, why can't we have our cheap oil for the HOLIDAYS?
_
I often find it funny that people argue that Oil companies don't like having a tight limit on refinery capacity.
Cause if you think about it, it's a lot like Diamonds, how they have a tight limit on refining capacity intentionally.
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Delay And Deny Posted 3:34 am
17 Jan 2008
"Cause if you think about it, it's a lot like Diamonds, how they have a tight limit on refining capacity intentionally."
And you know why? Because they built lots of refineries at the end of the 90's -- just before the big crash and worldwide depression! China has something like 5 refinery projects that were mothballed and I think scrapped because no one foresaw the recovery.
Even still, growth is so anemic (beige book pegs it at 1% for US) you can see why oil companies would be hesitant to build a lot of capacity if no one showed up for the gas.
John A. Bailo
Inhofe 400 Wannabe
My Log
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Jerome Woody Posted 3:41 am
17 Jan 2008
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amazingdrx Posted 3:51 am
17 Jan 2008
http://amazngdrx.blogharbor.com/blog
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Pangolin Posted 4:09 am
17 Jan 2008
Peak Oil was in 2005.
Put the Carbon Back
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