Record Oil Company profits...

[zippyneedsawin]

Originally Posted by gales0678

scuds - worldwide demand has outstipped supply , either demand has to fall or supply has to increase for px to fall - also oil is px in usd - as our currency get weaker the px in usd goes up which hits us in the pocket - bernake is cooked he can't keep cutting rates to help the consumer in this country who is already overexteneded to help prop up the housing mkt

ths will weaken our currency even more and make oil more expensive , we are in a tough spot here

o'rielly had clinton on last night and she says eveyone is to blame - funny eneough she did not answer some of his questions about why she voted against certain new drilling projects and he didn't press her on it, but, dennis miller came on and told o'rielly he did press her hard eneough on the issue

So, you believe world demand has jumped at least 4X what it was just 10 years ago? I find that hard to believe. A gallon of regular gas was under $1 in most places in the U.S... as low as 70 cents ... now it's pushing $4... there's more to it than 'demand'... IMO.