Comments for Oil hits another record high as dollar tumbles to record low »
Posted By not2needy 1 year, 7 months ago in Business & FinanceOil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.
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not2needy1 year, 7 months ago
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FTA:
Oil and other commodities continued to attract investors as the values of the dollar continued falling and as a hedge against inflation. A weaker dollar also makes oil cheaper to investors overseas.
The euro hit a new all-time high of $1.5982 on Thursday, its second record in as many days against the sagging greenback, and stood at $1.5966 by midday in Europe.
Where do we go from here? If i were Dubya, i would be ashamed to show my face. He's destroyed the greatest nation in the world. Then again, what did we expect from someone so inept as to have destroyed everything he's touched since he was a mere child.
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HannibalBarca1 year, 7 months ago
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Sorry to say N2N, your great nation started to slide with the end of WW!!, as Ike said "Beware of the Military Complex" and very few heeded this.
Your nations politics are set up in such a way that every two years you are at each others throats, and also having only two parties every thing is black and white.
Last night was the first time in a while I heard a politician say the other side have good ideas, Osama's comment on Rep, and the schillary even admitted he could beat McC, wow praise of some sort to the other side, unheard of.
As for being the greatest nation on earth ? I know Canada is not the greatest, but I also know there is none better...:-) still luv ya
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jordan111 year, 7 months ago
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He's destroyed the greatest nation in the world. >>>>
bush doesn't have that much power. He had a whole lot of help, not the least of which were the fools who voted for him, and the worst of which were the likes of the media, the religious wrong, the swift boat liars, the Congress, Cheney, Rice, Ashcroft, Wolfawitz, and on and on and on. It was a group effort.
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not2needy1 year, 7 months ago
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Absolutely right jordan, he didn't have enough sense to do it by himself, i don't guess! It's just that he IS so stupid, it's easy to blame him for all of it, because i don't really consider the rest of them to be as ignorant as i do Dubya.
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not2needy1 year, 7 months ago
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There's an awful lot of stock put into Hollywood, and i don't understand why. There are more stars in Hollywood who didn't even graduate from highschool than i care to even know about, and they are a major influence on our children/grandchildren today.
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HannibalBarca1 year, 7 months ago
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No, what i mean is the type of movies and TV shows that tend to shape society's thinking, short subtle then building steam as an idea gets accepted.
In the 60's it was J Wayne winning WW!! with the rat patrol, and I can still argue on here with some that it was a world effort.
In the 80's 90's we started seeing negros in places of power, and I honestly thought that Powell was being groomed as a future POTUS after this.
On sesame street Bob had a special friend, that was 92, started a thinking process of gays being ok, till then gay bashing was a kind of acceptable no-no, and then they started coming out of the closet
Now movies are coming out with all kinds of short quips on 9/11 and conspiracy, are they getting the gen. pop. to get used to this as sh it might hit the fan ???
Hollywood shapes thinking in subtle ways 10 years before it happens.
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not2needy1 year, 7 months ago
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My husband and i were talking about that the other day!
When we were kids, we watched Popeye, which was a pretty violent cartoon when you think about it. BUT we KNEW it was a cartoon. Just like the movies, we knew it was fiction, and that John Wayne didn't tame the wild wild west, nor did he win WWII with the rat patrol.
What has happened since we were kids, that today's children and even young adults can't tell the difference in reality and entertainment?
Did video games start it all?
I rarely watch any of the new movies. Harry Potter doesn't fascinate me, nor does Spiderman, it's all garbage today, IMO!
Also, IMO, people who allows Hollywood to shape their thinking have something wrong with them.
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HannibalBarca1 year, 7 months ago
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Also, IMO, people who allows Hollywood to shape their thinking have something wrong with them.....how true, but I got negged by many on another thread when I said that because 60% of Americans preferred to watch American Idol rather than who will be the next possible POTUS, they don't care.
On here people make a comment on what they believe in, so they care, but that is less than 40%
And A.Idol is hollywood at its finest, a no brainer
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not2needy1 year, 7 months ago
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I have never watched American Idol, nor do i watch any of the reality shows. I could care less if the stars know how to dance, and people who go from working behind a desk to trying to survive in the jungles of the rain forest are NUTS!
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GHOSTWHOWALKS1 year, 7 months ago
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Jordan11: More like what could be called the "perfect storm". Many saw it coming but were to afraid to run and so we allowed a few to run rough shod over all the rest of us. We - the voter - hold the most responsibility for what we have allowed to take place.
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AntiNeoCon1 year, 7 months ago
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n2n, if you will check your history...it was the republican administrations that brought on depressions and recessions when they got the control of the government. They love to whine about the "tax and spend democrats" while they do stupid stuff like cutting taxes while they spend like drunken sailors.
I am afraid we have lost control of oil prices completely and that they will continue to rise. I have to gas my vehicle today, and I notice the gas prices went up another 14 cents since last week. Maybe we will get to the point we can't afford to go to war, that should irritate the NeoCons.
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not2needy1 year, 7 months ago
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Gas here is now 3.54 a gallon. We had to gas our vehicles yesterday, because we never let them get below 1/2 a tank with the prices the way they are.
I know republicans have brought on all the depressions and recessions, but if you notice on Propeller, the cons go back as far as they possibly can in attempts to blame it on any democrat. There's little they can actually blame on democrats at this point, we have had a republican president 20 of the last 28 years and most of that time we also had a republican Congress. Let's see them justify that!
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texangelwings1 year, 7 months ago
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Well, guess that I will get a new fishing license for the year and quit bowling! I can walk to the lake!
This is getting ridiculous! Working people can't afford to pay any more for gasoline and the trickle down costs that is happening!
Thanks not2needy!
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quackpot1 year, 7 months ago
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With a bit of common sense, gas prices are irrelevant.
All one needs to do is to ALWAYS park at the TOP of a hill. Then, it is a simple matter to coast down - NO gas required.
The only difficulty at all is on the way home when one might have to wait a bit for a group of strong people who are willing to push the car back up the hill.
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panzerv1 year, 7 months ago
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This will be interesting to see play out in Michigan. These gas prices will likely shut down the state with the jobless rate here. No jobs, no homes...America is about to fall on it's face. Maybe then the oil companies will be happy.
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jimdoze1 year, 7 months ago
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Worldwide Oil CONSUMPTION has climbed from 72 million barrels per day in 1998 to 87 million barrels per day today. Discovery of new supplies has not kept pace. "If you don't think that has something do with this, you're nuts."
Don't forget, market prices are set at the margins.
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jimdoze1 year, 7 months ago
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If you want to see the U.S. become less dependent on foreign oil, and less of a carbon emitter, you will need a massive campaign to build nuclear fission power plants to shift the bulk of industrial energy production away from carbon. Then the dollar would rebound and re-assert itself as the undisputed reserve currency throughout the world.
As an added bonus, it would be a little poke in the eye to oil exporters worldwide. I say only a "little poke" because even with such a shift in the U.S., worldwide demand will continue to out-strip discovery.
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jimdoze1 year, 7 months ago
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"...and yet exxonmobil is raking in record profits."
I would hope so. First, it is a multinational company based in the U.S. We like to see companies based in the U.S. making money, right? Or, should we leave that all to others? Second, it is an oil trading, drilling and petroleum products distribution company. If they can't make money (and lots of it) when there is growing worldwide demand for their primary product, they should get out of the business.
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SpareChange1 year, 7 months ago
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People keep saying that the dollar will rebound, it always has. My point is that in the past, there wasn't another option. But today, there's the Euro. The gobal market can just shift to using the Euro and let us wallow with our debt.
Thanks to Republican Rule, the American Empire is at an end. We had what, 20 years? Pathetic.
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hdthehn1 year, 7 months ago
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Note that the folks who sunk this story did't have the courage to comment in refutation. Why, possibily because to defend Bush's policies at this point would be assinine as was sinking this article.
Where is Alpha, Bobo, tanglang, danmliberals, dropkikalib, capecoral, injest and all the other loyal to the grave conists???
Praying for a miracle come November.
I would like to see their posts on this one. I'm looking for more evidense that proves their superiority to themselves over the rest of us.
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crghss1 year, 7 months ago
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What a bunch of whiners. You don't know how easy you have it. No wonder immigrants laugh at us. After they take a '57 Chevy tie 55 gal barrels to it, rig the drive shaft as a propeller AND THEN sail it across an OCEAN to come to this great country. All on the chance they might be able to stay.
If the "the American Empire is at an end" then its because of weak spineless cupcakes like you all. Most of you don't even deserve America. You cry at every chance you get. BooHOOO gas is to high. BOOHOO my food cost more, boohoo he believes in religion, boohoo we're all domed.
GOD, what a bunch of soft a55, hind tit sucking wimps. Makes me want to puke. There would be no America if you chumps got on the Mayflower. What am I saying you couldn't get on the MayFlower. No Air conditioning, Maid service and 3 meals a day.
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nostalgia1 year, 7 months ago
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We need elected representatives who realize that energy policy should include short AND long term goals
It is great to have a long term goal of energy independence but if there is no short term measures you will continue to see prices spiral upward
More drilling in the short term to keep prices more reasonable with more money for research into alternative fuels. Nothing should be off the table including nuclear
Congress has failed to recognize that short term measures are needed now. When the state of VA wanted to be able to decide if they would drill offshore, Congress said NO
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