8 miles of truckers

[Ron]

Originally Posted by Digging4Truth

Amen...

I wonder what the actual change of the price of a gallon of gas is if it were indexed against the fall of the dollar?

HMMMM, how about an arm & a leg?

[Ferd]

Originally Posted by Rico

Right now, as we post, there is an 8 mile long line of truckers in Washington DC, protesting the price of fuel. I wonder if it will make a difference? Somehow, I doubt it. Do y'all think the price of fuel will be this generation's version of the Boston Tea Party?

well, idiots in both parties need a swift kick in the pants for passing corn ethonol legislation. what a bogus and damaging thing!

beyond that, the idiot demonrats and a handfull of green (read stupid) republicans need their collective rears kicked up between their shoulders for putting 85% of the area where America has vast oil reserves off limits for "ecological reasons"

[Ron]

Originally Posted by Ferd

well, idiots in both parties need a swift kick in the pants for passing corn ethonol legislation. what a bogus and damaging thing!

beyond that, the idiot demonrats and a handfull of green (read stupid) republicans need their collective rears kicked up between their shoulders for putting 85% of the area where America has vast oil reserves off limits for "ecological reasons"

Yup!

Off the coast off B.C there is an oil field of about 8 Billion Barrels of oil that can be extracted.

Environmentalists won't allow it!

[Ferd]

Originally Posted by Digging4Truth

Amen...

I wonder what the actual change of the price of a gallon of gas is if it were indexed against the fall of the dollar?

I heard today that Nigeria cut their oil production because the price of oil was dropping.

oil prices seems to have an inverse corrilation with the US Dollar right now.

[Ferd]

Originally Posted by Ron

Yup!

Off the coast off B.C there is an oil field of about 8 Billion Barrels of oil that can be extracted.

Environmentalists won't allow it!

ANWR in Alaska.

vast swaths of off shore area from North Carolina all the way around Florida

coastal areas off California to Washington

a HUGE area in Wyoming, Montana, Utah, and Colorado.

all these areas have vast amounts of oil, but most have strict limits and more than 60% have a absolute ban.

[Digging4Truth]

The best I can figure roughly half of the price increase of gas is actually from the devalued dollar rather than from actual gas prices.

Depending on the currency one targets against... anywhere from 1/3 to 1/2.

[Digging4Truth]

Originally Posted by Ferd

I heard today that Nigeria cut their oil production because the price of oil was dropping.

oil prices seems to have an inverse corrilation with the US Dollar right now.

It can't be too inverse since both are falling. The dollar is down by 1/3 against the Canadian Dollar and the Euro in the last 5 years.

There are definite controls being put into play.... if you control much of the oil and oil production then why produce more when you can produce less and charge more for it.

Whenever large scale control over any commodity can be had by a few the public never fares well.

[Digging4Truth]

Originally Posted by Ferd

ANWR in Alaska.

vast swaths of off shore area from North Carolina all the way around Florida

coastal areas off California to Washington

a HUGE area in Wyoming, Montana, Utah, and Colorado.

all these areas have vast amounts of oil, but most have strict limits and more than 60% have a absolute ban.

Plus the fact that no new refineries have been built since the 70's... and yet demand has increased greatly.

[Ferd]

Originally Posted by Digging4Truth

It can't be too inverse since both are falling. The dollar is down by 1/3 against the Canadian Dollar and the Euro in the last 5 years.

There are definite controls being put into play.... if you control much of the oil and oil production then why produce more when you can produce less and charge more for it.

Whenever large scale control over any commodity can be had by a few the public never fares well.

inverse meaning the price of oil has been rising (especially in the last year) as a direct opposite to the value of the dollar against the CAD and the EUR.

watch the ERU/USD pair and the value of both Oil and Gold. on days Oil and Gold go up, the value of the Dollar goes down.

traditionally the value of the USD has been tied to the TBill.

This comodity thing is new.
really it isnt mysterious. It shows that people are moving their dollars to vechicles they feel are safer like Gold and Oil and soybeans (commodities).

the thing to watch is, will the money come back to the dollar?

[Ferd]

Originally Posted by Digging4Truth

Plus the fact that no new refineries have been built since the 70's... and yet demand has increased greatly.

yet another Green (read stupid) policy.