"Halliburton Profit Rises"
"Increasing its global presence is paying off for the oil field services provider Halliburton, whose first-quarter income rose nearly 6 percent on growing business in the Middle East, Asia and Latin America, the company said Monday.
Business in the first three months of 2008 also was better than expected in North America, where higher costs and lower pricing squeezed results at the end of 2007....
Halliburton said it earned $584 million, or 64 cents a share, in the three months that ended March 31, compared with a year-earlier profit of $552 million, or 54 cents a share. Revenue rose to $4.03 billion, from $3.42 billion a year earlier."
Not like the OCCUPATION of Iraq and the NO-BID, RENEWED CONTRACTS had anything to do with it, 'eh, shit press?!?
And remember all that oil this was supposed to free up, readers?
"Gas Reaches $3.50, With Little Hope for Relief"
".... The falling value of the American currency has exacerbated the rise in oil prices, which are denominated in dollars. A weak dollar reduces the value of oil exports for producers, leading them to seek higher prices to make up for the loss. The dollar is near a low against the euro, settling in New York late Monday at 1.5916.
“If the dollar continues its slide, I can see prices go up,” Iran’s oil minister, Gholam Hossein Nozari, told reporters in Rome....
In the United States, the combination of steadily rising gasoline prices and a slowing economy has cut into gasoline consumption. As a result, demand for gasoline is headed for its first annual drop in 17 years, according to forecasts by the Energy Information Administration, an Energy Department agency....
Wait a minute!! DEMAND is DROPPING?!
Then WHY are prices RISING and the government LYING to us!!!!
“OPEC has put the maximum supply on the market,” Venezuela’s oil minister, Rafael RamÃrez, was quoted by Reuters as saying. “This is not a problem of supply, it’s a problem that is very connected to the financial problems in the U.S. economy.” He alluded to economic problems that have helped drive down the dollar."
WTF?!?!?! DEMAND is DOWN, SUPPLY is UP, and yet PRICES KEEP RISING?!?!
Oh, America, you were fed more than a bowl of shit; you were fed a trough of it on this oil "crisis!"
So how's it taste? Here's a barrel of oil as a chaser!
Drink up, 'murkn, as the pump is shoved up your ass!!!!
