OT: Why are crude oil prices rising?

Believing something for no reason is a sign of insanity.

to put it simply:

$>

In otherwords, the declining international value of the US Dollar.

Jack G.

It has a lot more to do with China and India keeping their economic engine running.

As I said here back in December, China initiated a ban on plastic shopping bags. The eco-friendly BBC reporter couldn't figure why China was concerned about the pollution caused by plastic bags when they were polluting everything else.

It had nothing to do with pollution.

Don't start that s*it again...

Why not? It's true.

I guess you'd prefer that bad news not be mentioned. Not ever.

I meant who it was that said it...

Are you referring to me, the news source, or democrats who want to find out why the money's being stashed instead of spent?

The housing bubble was propelled by cheap credit to people who could not reasonably be expected to pay the money back.

Your guess is wrong.

Actually, Saudi Arabia did increase its oil output.

So does ExxonMobil, an American company.

True. But the demand, especially in India and China, has risen sharply. Ever hear of the law of supply and demand?

Jeff

What about the ones who cite the growing demand for oil in Asia?

I never said that wasn't also a factor, along with currency issues. I keep mentioning speculators because it's the one factor we could wipe out quickly and easily. You or someone else will now disagree. You will be wrong.

The 'discussion' with Smirnoff...

What if I agree with you?

When you're ready to make sense, y'all come back.

I wouldn't believe it.

You didn't see that discussion about "Bush said we would use oil revenue to rebuild Iraq"? I said, "When did Bush say that?" (Like you, Smirnoff likes to split hairs and go after semantics, so I was feeding him some of his own Bull...),

"Well, Bush didn't say it, but so and so did!" "That's not Bush." "Well, so and so said it" "THAT'S NOT BUSH!"

If you go on long enough, it becomes a novel...

Actually, Bush DID make that statement at the very beginning of the war. His sitters repeated it, too.

"It's their oil, and they'll use it to reconstruct the country." - GW Bush, April 13, 2004

No - but making up rules like that is.

Bill Putney (To reply by e-mail, replace the last letter of the alphabet in my address with the letter 'x')

You might be mistaken...