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post #1 of 7 (permalink) Old 06-19-2008, 06:41 PM Thread Starter
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Socialism...

Is a bitch when the money runs out. China said today that they are going to have to raise gas prices because they are going to lower the amount of subsidies they pay for oil. Add this to the fact that Americans drove 4 billion miles less last month compared to the same time last year and maybe just maybe oil will start to drop. Looks like oil dropped about $4 a barrel today.

http://www.latimes.com/news/nationwo...,6342211.story

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post #2 of 7 (permalink) Old 06-19-2008, 06:51 PM
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Tell them to get their drilling rig out of the Gulf!!!
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post #3 of 7 (permalink) Old 06-19-2008, 07:08 PM
No Cerveza... No Trabajo
 
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Was 1.4 billion miles less but what's a few billion miles here and there.

My 401K is now a 400K (was 301K)
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post #4 of 7 (permalink) Old 06-19-2008, 08:28 PM
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Quote:
Originally Posted by black90gt
Tell them to get their drilling rig out of the Gulf!!!
Speaking of drilling in the Gulf...

The Thunderhorse oil platform FINALLY came online last week. It's only THREE YEARS behind schedule...

But in all fairness, after Hurricane Dennis it was listing almost completely on its side. Everyone was calling it a total loss. Its a grand feat that they righted it and started pumping oil...

http://www.chron.com/disp/story.mpl/...s/5840889.html

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post #5 of 7 (permalink) Old 06-19-2008, 08:34 PM
No Cerveza... No Trabajo
 
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Quote:
Originally Posted by Sgt Beavis
Speaking of drilling in the Gulf...

The Thunderhorse oil platform FINALLY came online last week. It's only THREE YEARS behind schedule...

But in all fairness, after Hurricane Dennis it was listing almost completely on its side. Everyone was calling it a total loss. Its a grand feat that they righted it and started pumping oil...

http://www.chron.com/disp/story.mpl/...s/5840889.html
Pretty impressive!

Quote:
When running at full tilt, Thunder Horse alone will increase overall U.S. oil and gas production by 3.6 percent. Add BP's Atlantis platform that started up last year, and the boost grows to 6.4 percent.

Analysts have said that is likely the biggest production increase from just two locations that the U.S. has seen in a decade.

My 401K is now a 400K (was 301K)
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post #6 of 7 (permalink) Old 06-19-2008, 08:37 PM
Lifer
 
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Add on ANWAR, the Rocky Mountains, and the east and west coastlines, and we can tell the middle east to kiss our oil-rich asses!

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #7 of 7 (permalink) Old 06-19-2008, 08:39 PM
T-MINUS
 
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Quote:
Originally Posted by Vertnut
Add on ANWAR, the Rocky Mountains, and the east and west coastlines, and we can tell the middle east to kiss our oil-rich asses!
Idiot extremist will argue this!
Bring on the nuke power!

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

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