Inflation

[Dunkopf]

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Better question - why are we allied with anyone? It's very counter-productive. At the risk of sounding like a jerk, I don't see anything very special about modern Israel. The only things it has in common with the ancient Israel is the name and the geography.

The elephant in the room has been exposed. That's how I feel about Israel too. We sent the Holocaust survivors there because we sent them away from our shores when we knew full well what Hitler was doing to them. Bad mistake on our part. Been sending a lot of money to assuage our guilt under the pretense of an alleged special piece of the desert.

We need allies. Has Israel helped out in any of our recent forays over there. Are they helping in Libya.

 

[FourPawz]

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While it does have an effect, at the moment it's a very minor one, secondary to the impact of the Federal Reserve. Inflation has been going on for a long time.

Correct, sort of. Why do you think the price of a barrel of oil is going higher? Could it be the possibility that it now takes more inflated dollars to buy that barrel? As for feed corn, we keep subsidizing farmers to grow corn for ethanol, not for feed. Less supply, same or higher demand = skyrocketing prices.

 

[Dunkopf]

Actually the cost of oil has driven the inflation figures up. Not only on paper but in the way it effects the entire economy. Gas is one of the biggest factors in food price increases as well as feed. Demand and supply effects it too because of speculation. There are a lot more factors at work than our fed.

 

[FourPawz]

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Actually the cost of oil is being driven up, because the Fed is printing dollars as fast as its machinery can work. The sellers of that oil are not stupid. They want equal value for their product. Economics 101.

 

[FourPawz]

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Actually the cost of oil is being driven up, because the Fed is printing dollars as fast as its machinery can work. The sellers of that oil are not stupid. They want equal value for their product. Economics 101.

It doesn't help that Mr Obama has, as a sop to his environmentalist supporters, cut off an enormous segment of domestic drilling. Remember that speech he gave in Brazil, where he praised their oil exploration/production and had the nerve to say he looked forward to the US being their biggest customer? Brazil's oil industry has been given a huge shot in the arm when a number of oil rigs moved out of US waters because of what? Obama's backward policies.

We are seeing the result of more dollars chasing a far smaller supply of petroleum. Again, Economics 101.

 

[Dunkopf]

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Actually the cost of oil is being driven up, because the Fed is printing dollars as fast as its machinery can work. The sellers of that oil are not stupid. They want equal value for their product. Economics 101.

It doesn't help that Mr Obama has, as a sop to his environmentalist supporters, cut off an enormous segment of domestic drilling. Remember that speech he gave in Brazil, where he praised their oil exploration/production and had the nerve to say he looked forward to the US being their biggest customer? Brazil's oil industry has been given a huge shot in the arm when a number of oil rigs moved out of US waters because of what? Obama's backward policies.

We are seeing the result of more dollars chasing a far smaller supply of petroleum. Again, Economics 101.

Are you really an economics expert or are you just regurgitating.The pundits make it all so simple don't they? Too bad it's not all that simple.

So what will be the reason when gas drops back to 2.75 a gallon as it surely will. Three years ago we had the exact same situation. Was everyone babbling about printing presses back then? As Kristy pointed out earlier it's just a circular argument.

I'm glad that Obama cut a deal with Brazil. It's best to have as many sources as possible when you are dealing with a finite supply. Meanwhile for what little oil is available in the US should be saved till we absolutely need it. At this time there really isn't a need to destroy our environment with wells and water contamination. The money should be spent trying to wean us off oil. The drill baby drill philosophy is extremely short sighted and irresponsible.

 

[mommas_got_peeps]

"I'm glad that Obama cut a deal with Brazil. It's best to have as many sources as possible when you are dealing with a finite supply. Meanwhile for what little oil is available in the US should be saved till we absolutely need it. At this time there really isn't a need to destroy our environment with wells and water contamination. The money should be spent trying to wean us off oil. The drill baby drill philosophy is extremely short sighted and irresponsible"



So it's a good thin that we've pumped over 2.5 Billion to Petrobras? While restricting our own countries ability to meet the demands of our own people, lost oil drilling jobs held by Americans and tied the hands of the oil producers?

Sorry I disagree...when you make a country DEPENDANT rather than INdependant on our own available energy resources we are in essence continuing the democratic political stance of "keep them dependant on government". The welfare mentality if you will.

While it is nice to taut wanting to "wean" us off oil... we are DECADES from that ever happening... and in the meantime the "cutting off our nose to spite our face" mentality is costing us jobs, money and a very valuable resources that is light years ahead of the other " energy alternatives ".

Since the Department of Energy was created back in the 70's we have had nearly 35 years of failed "energy" alternative bureaucratic policies that only made us more 'dependant" on foreign oil. Wind, Ethanol, solar are incredibly weak alternatives to Oil, coal and natural gas resources, are expensive to produce and put out less that a quarter of energy output that the current natural resources do.

We have some of the largest Oil and natural gas deposits on the planet... spend the money and research on how to responsiblity get it into environmentally safe extraction practices rather than jumping on the "oil is evil" bandwagon.

Drill baby drill... because that is the reality ...it is one of the only cheap alternative high producing energy output resources that currently exist.

 

[Dunkopf]

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Why does everyone keep passing over the fact that we only have 800 days worth of oil between both ANWAR and the ND fields. Why do you people think we have enough oil in the USA to supply our demand. Where do you get the statement that we have some of the largest oil deposits in the world. Natural gas yes. We're talking oil not natural gas. Natural gas is much cleaner than oil and would work great in fleets and such. Alternative sources are only a long ways away because the oil companies want them to be. They use propaganda to it's fullest extent and get people to believe that we could wean ourselves from foreign oil if only.

Wake up people and smell the cow patties. They're right their on that channel you like so much and on those radios with the propaganda pundits. See them for what they are before you are left with a gas burning pig and nothing to feed it with.

 

[chickened]

People pass over that fact? because the greenies have lost all credibility with the majority of folks. They cry wolf too much. I am in the timber business and we got a belly full of their lies. We grow way more trees than we harvest. I remember a greenie scientist standing up at the Timber Summit with Clinton in Portland Or. testifying to the fact that there was so many acres of Old Growth originally in the Pacific Northwest and after he said that a Forester from Weyerhauser stood up pulled out his calculator and said "you mean there was Old Growth timber from the Mississippi River to the Pacific Ocean? and sat down. Great Plains?? and you expect anyone to believe the greenies rhetoric junk science. I can name several examples of the cry wolf scam.

Our way of life as we know it relies on oil. You cannot just turn off the tap. The free market will decide what energy we use, unless you want to live like China or the former Soviet Union. The big Government and it's socialist agenda just need get out of the way.

Why do people keep passing over the fact that the oil wells are refilling? Naturally, what else will innovation reveal to us in the future? that is where we need focus not starving our economy and lifestyle and people.

 

[mommas_got_peeps]

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Why does everyone keep passing over the fact that we only have 800 days worth of oil between both ANWAR and the ND fields. Why do you people think we have enough oil in the USA to supply our demand. Where do you get the statement that we have some of the largest oil deposits in the world. Natural gas yes. We're talking oil not natural gas. Natural gas is much cleaner than oil and would work great in fleets and such. Alternative sources are only a long ways away because the oil companies want them to be. They use propaganda to it's fullest extent and get people to believe that we could wean ourselves from foreign oil if only.

Wake up people and smell the cow patties. They're right their on that channel you like so much and on those radios with the propaganda pundits. See them for what they are before you are left with a gas burning pig and nothing to feed it with.

I'm not sure "where" you are getting your facts about only having 800 days worth of oil? maybe from the "cow patty" environmental propoaganda pundits you are clinging too? sources I've read from geology say we have oil fields that could rival the Middle east and well supply us for the next 100 years. Which would be a nice chunk of time to further study alternative sources for the FUTURE which so many want..but haven't even produced since the inception of the Department of Energy 35 years ago. Where have all of you "alternative energy people" been for that 35 years? and in the mean time you continue to drive cars and expend energy at the rate of everyone else..or more so if you are a political or entertainment figure who JETS around the world expending more in a day for flying and private transportation than I do in 10 years.

If I get a chance I will cite you a few..time constraints prohibit me at the moment. Regardless of new reserves... Obama isn't even letting us tap our gulf Reserves while PAYING someone else 2.5Billion $ to do it, deeper and with less environmental safety restrictions that our government requires. ( hello Brazil).

It's a scam and the American people are paying for it. But hey..the evil Americans should be punished eh?