The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.... However, other witnesses said that pure speculators have had little impact on energy prices, which have doubled in the past year to about $135 per barrel. Both Treasury Secretary Henry Paulson and Energy Secretary Samuel Bodman have dismissed the impact of speculators on prices paid by consumers."
In that case, I'm prone to believe the other guys.
I guess this is the reason gas didn't go up yesterday, huh?
You are being SOOOO played by the oil companies, media and politicians. 'murkns!!!!
Of course, how would you know with your nose buried in shit everyday?
"Mass. gas prices stabilize after 10 weeks of gains
Massachusetts gas prices remained unchanged at $4.06 per gallon, AAA Southern New England said. In the group's weekly survey the price of a gallon of self-serve, regular unleaded gas held steady after 10 straight weeks of increases. Massachusetts is currently 1 cent below the national average for regular unleaded of $4.07. A year ago, the average price in Massachusetts was $2.93, AAA said. (Boston Globe June 24, 2008)."
So let's see; what other excuses can we come up with (don't mention that dropping dollar) to shovel diarrhea down the publics throat?
"Nigerian attacks send prices higher; Saudi output vow disappoints some" by Bloomberg News | June 24, 2008
NEW YORK - Crude oil prices rose on signs that Saudi Arabia's increase in output may not make up for disruptions in Nigeria.
Attacks last week on a Royal Dutch Shell PLC platform and a Chevron Corp. pipeline halted 300,000 barrels a day of Nigerian output, and the country's white-collar oil union began a strike against Chevron yesterday....
Yup! It's ALWAYS SOMETHING keeping those prices up, isn't it
Saudi Arabia Oil Minister Ali al-Naimi said Sunday at a summit of oil producing and consuming nations in Jeddah [that] capacity may eventually rise to 15 million if necessary, using oil from five "mega" fields that could potentially start up within three years, he said.
And the enviro-pukes tried to sell you on peak oil!!
Quite a smorgasbord of shit you get to choose from, 'eh, 'murkn?
Rebels in the Niger Delta, which supplies all of Nigeria's crude, have sabotaged infrastructure to press their demand for a greater share of oil wealth and more political power. The country, Africa's second-biggest oil producer after Angola, generates low-sulfur, or sweet, oils prized by refiners because of the high proportion of gasoline and distillate fuels it yields.
The Thursday attack on Shell's Bonga offshore platform, which produces about 190,000 barrels a day, may halt deliveries for as long as six weeks, the company said last week. Chevron halted 120,000 barrels a day of onshore production after its pipeline was blown up last week.
Strange that this happens just as Iraq gets rolling, 'eh?
CUI BONO?
Supply concerns may ease as militants end their attacks against foreign oil companies. The Movement for the Emancipation of the Niger Delta said Sunday it would declare a cease-fire at midnight local time today to "give peace and dialogue another chance."
I am ALWAYS for PEACE and DIALOGUE!!!!
Aaaaah, don't worry, 'murkns.
HELP is ON the WAY in the form of the IRS!!!!
WASHINGTON - The Internal Revenue Service, citing the drain that high gas prices are having on people's finances, said yesterday it is raising the automobile mileage rate that businesses and others can claim.
No, readers, that DOES NOT MEAN YOU!
Isn't that something, Americans?
Everyone gets to write off their mileage except the INDIVIDUAL TAXPAYER!!!
The tax agency said the optional standard rate to calculate deductible operating costs for business vehicles will rise from 50.5 cents a mile to 58.5 cents for the final six months of 2008.
The rate also applies to businesses and others that operate automobiles for charitable, medical, or moving purposes, and are therefore entitled to depreciation allowances.
There they go again PICKING FAVORITES!!!!
As if the AVERAGE, HARD-WORKING AMERICAN is NOT ENTITLED, right?
Well, then, WHAT are we entitled to, since we are PAYING FOR EVERYTHING?!!
"Rising gas prices are having a major impact on individual Americans," said IRS commissioner Doug Shulman. "Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile."
So where is the "individual" Americans relief?
Can I count my mileage going to the factory (when I had a factory to go to)?
Shulman said the agency has been keeping an eye on gas prices since 2005...."
Huh?! What is the IRS doing watching gas prices?
How about AUDITING SOME OIL COMPANIES and EXECUTIVES for a change, huh, instead of throwing the American people chump change?
Time to GO to the ALTERNATIVES!!!!
Wow! Good thing they are getting solar off the shelf, huh?
"Evergreen Solar receives contracts worth $600m
Evergreen Solar Inc., a maker of wafers used in solar-power panels, won contracts to supply $600 million of solar panels to US-based groSolar and Germany's Wagner & Co Solartechnik GmbH over four years. The latest contracts bring the company's backlog to more than $1.7 billion, Marlborough-based Evergreen said. The company plans to produce the wafers at a plant in Devens. In total, the recent sales agreements represent 65 percent of the plant's annual production capacity of 160 megawatts through 2013. The deals were disclosed after the stock market closed (Bloomberg June 19, 2008)."
Gee, if the problem is SO URGENT, what is with the BACKLOG and PROPORTION of $$$$ and ATTENTION GIVEN to OIL over the "GREEN" stuff, folks?
More problems:
"Hybrid vehicles pose silent threat to the blind" by Associated Press | June 24, 2008
WASHINGTON - Advocates for the blind want the government to set minimum sound standards for new cars and trucks, pointing to potential safety hazards for blind pedestrians who can't hear silent gas-electric hybrid vehicles....
And the cost of those things just went up, didn't it?
You know, between the ethanol fuck-ups and now this, I'm really starting to dislike the global-warming cultists!!
Thanks a lot, assholes!!!!
Some lawmakers are taking notice. US Representatives Ed Towns, a Democrat from New York, and Cliff Stearns, a Republican from Florida, introduced legislation in April that would require a two-year study of the issue by NHTSA.
Yeah, and WHO is going to PAY for THAT?! The global-warming freaks?
Hybrid vehicles operate on battery-powered electric motors at low speeds and when idling, reducing the amount of sound from the vehicle compared with conventional cars and trucks."
Yup, those people who care so much about the earth, blah, blah, blah, we ONCE AGAIN SHORT-SIGHTED about things -- and it is the TAXPAYER and AVERAGE CITIZEN who has to PAY AGAIN!!!
Un-fucking-real!!!!
I'm TIRED of PAYING for the crazy cultists and their fuck-ups!!!!
