Text 19220, 60 rader
Skriven 2008-07-30 17:31:02 av Roy Witt (1:397/22)
  Kommentar till text 19185 av Ward Dossche (2:292/854)
Ärende: A passing of signific
=============================
30 Jul 08 10:38, Ward Dossche wrote to Roy Witt:


 RW>> I certainly do. The slide of the dollar as I recall, and ya'll were
 RW>> so gloriously happy about, ...

 WD> I'm not that happy about it. Sure, when shopping there right now I
 WD> fail to reach the bottom of my plastic, but it impacts our lives here
 WD> as well in a negative way.

I know. Your economy is strife with high unemployment rates, in spite of
the Euros value.

 WD> Overal the price of the oil per barrel has a lot to do with the value
 WD> of the US$. With a dropping dollar Arab countries saw their income
 WD> reduced, the Princes were scared about their wealth, so speculation
 WD> came to an incredible incline.

The specualative price of oil futures seems to give the gas stations an
incentive to raise prices day by day. The problem as I see it is that they
don't reduce their prices enough when speculative oil futures prices come
down. Even though that isn't what is actually driving the market.
Yesterday the price was less than $122/bbl, but for some reason, jumped up
$5 again today. Will it affect the price at the pump? Probably. Even
though the supply is now in surplus and the demand, after $4+ per gal
prices, keeps people from buying it.

 WD> Now what will happen when the US$ normalises, which eventually it
 WD> will. Will the oilprice per barrel drop? Maybe slightly, but not to
 WD> its original level. The Arab countries will gladly make even more
 WD> money.

They were scared enough to lower their prices when Bush declared the oil
preserves were free for drilling. Unfortunately, the Congress can't see
fit to do the same. Instead, they stagnate the Congress with rhetoric that
it's all Bush's fault. It's no wonder their approval ratings haven't seen
double digits since they failed to perform on the platform under which
they were elected.

 WD> So much depends on oil ... traded in US$. That's one more reason why
 WD> Saddam's oil-trading in Euro had to go ... rich totalitarian
 WD> governments, call 'm the Arab dictatorships if you must, want to
 WD> become even richer.

I was thinking we could cure that problem by using Neutron bombs on the
most populated areas and then let the UN take over from there.

 WD> Then one day the oil wells will come to a sputter ...

Not in my lifetime. There's more oil in ANWAR than the whole of Saudi
Arabia, all we need to do is drill for it. Drilling today won't reduce
today's prices, but it's a sure path to oil independence in the future.
The Democrats can't see that far ahead, so they're blind to that too.

                R\%/itt



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