Someone might want to tell the Right..Oil prices drop after big jump in supplies

[Peacetrain]

http://news.yahoo.com/oil-prices-drop-bi...19185.html


NEW YORK (AP) — Oil fell after the government reported a bigger than expected increase in supplies in the U.S.

The Energy Department said inventories of crude oil rose by 4.2 million barrels last week. Analysts were expecting an increase of just 1 million barrels. The report indicated that demand for oil in the U.S. remains weak.

[jaxx]

Boehner sent a tweet that said the pubs are in a coordinated blitz against PBO about the gas prices. What an idiot.

[SeattleGirl]

(02-29-2012 12:48 PM)jaxx Wrote:  Boehner sent a tweet that said the pubs are in a coordinated blitz against PBO about the gas prices. What an idiot.

OMG, he really tweeted that?

[jaxx]

(02-29-2012 01:07 PM)SeattleGirl Wrote:  

(02-29-2012 12:48 PM)jaxx Wrote:  Boehner sent a tweet that said the pubs are in a coordinated blitz against PBO about the gas prices. What an idiot.

OMG, he really tweeted that?

Yep.

Speaker John Boehner ‏ @SpeakerBoehner
GOP using "orchestrated campaign," "coordinated messaging blitz" to put heat on Obama admin over high #gasprices bit.ly/yBeMQ0

The link went here: http://www.speaker.gov/blog/?postid=282462

[NJMaverick]

you can see that the President's efforts to increase fuel economy through regulation and the cash for clunkers program, along with his other energy saving efforts has really paid off big time. It's clear speculators and oil companies are trying to drive up prices but Obama's efforts are keeping demand low and making the price hikes more difficult to achieve

[There Is No Spoon]

Don't celebrate yet - it ended up for the day.

Gas prices rise for 22nd straight day; oil recovers late to close above $107 a barrel -> http://www.washingtonpost.com/business/m...story.html

[Peacetrain]

(02-29-2012 02:53 PM)There Is No Spoon Wrote:  Don't celebrate yet - it ended up for the day.

Gas prices rise for 22nd straight day; oil recovers late to close above $107 a barrel -> http://www.washingtonpost.com/business/m...story.html

Ahh my dear TINS.. all the more reason to celebrate.. someone, somewhere is burning through a LOT of cash to keep those oil prices sky high for political reasons.. or the speculators will have a good dose of comeuppance quicker than we thought.

We have so much excess we are selling our energy products for the first time in years.. we have ship loads of oil waiting to be unloaded.

We are producing more than we ever have along with trying to expand our renewable s.