Comments on Advance Indiana™: Saudis To Pump Record Oil Output

Well, bart lies, we could build more refineries wh...

2008-06-17T09:42:00.000-05:00

Well, bart lies, we could build more refineries which we should have done long ago.

This will only over-tax our refineries and pipelin...

2008-06-16T19:55:00.000-05:00

This will only over-tax our refineries and pipelines - which will result in at least one of them shutting down - thus causing a spike in consumer pricing to a point above where it is now.

Our leaders have admitted we are addicted to oil. ...

2008-06-16T14:16:00.000-05:00

Our leaders have admitted we are addicted to oil. When someone is addicted, the answer isn't to give them more of what they're addicted to for a cheaper price. Any reduction in oil/gas prices is merely temporary because we're almost out. Sure we can drill more now, but what about tomorrow when our stash runs out? We need to start addressing the addiction by going through the painful withdrawal symptoms now. Ethanol is no more than Methodone, a way to ease ourselves off the smack. The ultimate goal MUST be to get off the junk(carbon fuels) altogether if we want to curb the addiction.

It's funny....the Saudis export the oil as well as...

2008-06-16T07:53:00.000-05:00

It's funny....the Saudis export the oil as well as the virulent brand of Islam that helps drive up the price. Joseph Heller couldn't have thought up a more perfect conundrum.

There's something of a bubble element to oil prices (or any commodity, really). I feel pretty confident it'll freefall one of these days to the $80 a barrel range. Bush leaving the White House will probably drop the price $20 overnight ;) .