Could Saudi ‘Day of Rage’ Push Oil to $200/Barrel?
- Posted on March 7, 2011 at 3:50pm by
Jonathon M. Seidl
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As Libya degenerates into chaos and a “Day of Rage” looks more and more likely in Saudi Arabia this week, oil traders are increasingly betting that crude will hit an unbelievable $200 a barrel. Couple that with the unrest that has already sent oil and gas prices soaring, and already some are wondering if the U.S. will open up its strategic oil reserves in order to lower prices. The answer: the White House is hinting it’s possible.
In trading today, U.S. light, sweet crude pushed nearly $107 a barrel. And while it eventually settled just above $105 (it’s highest close since Sep. 26, 2008), the current national average for a gallon of regular unleaded gas is $3.51, up 14 cents since last week.
“Options traders are betting more than ever that crude oil is heading to $200 a barrel as some websites call for a ‘Day of Rage’ in Saudi Arabia and anti- government protests spread in the Middle East and North Africa,” Bloomberg News reports. It offers a chart to highlight the growing speculation:
“The CHART OF THE DAY shows open interest, or the number of outstanding contracts, for ‘call’ options to buy New York crude for June delivery at $200 a barrel,” Bloomberg explains. “The number has escalated, along with crude futures, to the highest since the options started trading in July 2009 amid worsening civil unrest in Libya and rare demonstrations in Saudi Arabia.”
Simply put, Bloomberg explains, “Call options grant the holder the right, but not the obligation, to buy a security at an agreed price before a set date.” It can protect buyers from even higher prices in the future.
“The price of oil is going to go up, whether you like it to or don’t,” Juerg Kiener, chief investment officer at Swiss Asia Capital Ltd. in Singapore, told Bloomberg. “If Saudi Arabia fails, then I say you have a fire in the house.”
At Monday’s daily White House press briefing, Press Secretary Jay Carney was asked if rising oil and gas prices meant the U.S. would open its strategic oil reserves. Carney responded the decision to do so isn’t based solely on price, bur rather a myriad of factors including overall “disruption” in the oil flow. Still, it is being considered:
The move has been done twice before, once during the first Gulf War and again after Hurricane Katrina.
And while tapping the reserves is still up in the air, the administration seems unwilling to consider alleviating the price pressure by granting more off-shore drilling contracts, which might tarnish the administration’s green-energy image.
Instead, Energy Secretary Steven Chu “continues to emphasize longer-range solutions, like biofuels and electric cars,” the New York Times reports.
This story has been updated.
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Comments (149)
Alinskyrevenge
Posted on March 7, 2011 at 4:53pm$5.00/gallon gas?..$7.50…More?
Report Post »30 years ago, when all the liberal, scraggly looking hippie environmental-wacko’s, were protesting nuclear power they KNEW they were right..! An absolute failure of strategic long range planning. Thank you ignorant, myopic liberals..! The rest of the world has already embraced nuclear power and hundreds are being built or planning to be built in the next decade. The U.S.? ONE. If we had built the 1000 plants, like The Atomic Energy Commission wanted by the year 2000, (this was in the mid sixties) we’d be laughing at the Saudis today. By the way liberals, if we had built those thousand reactors, starting in the sixties. we’d already be driving electric cars. The price of energy would have dictated that long ago. And electric car technology would be orders of magnitude more advanced than today. And yes, the greenhouse gasses you squeal about wouldn’t be there. Nuclear power plants emit only water vapor. Last but not least, France (70% nuclear) recycles over 80% of it’s spent fuel rods. Liberals have never been able to see into the future for America. They are at the root of almost everything that’s wrong with America today.
hownowbrownmao
Posted on March 7, 2011 at 5:05pmok bright boy,do you think the liberals have more back room sway in keeping us on oil and off nuclear? pull your head out of your ass , the liberals get on tv because they make do gooders feel like they make a difference, but the oil lobby has way more sway than any ragtag group of enviromentalists. Follow the money fool.
Report Post »Alinskyrevenge
Posted on March 7, 2011 at 7:37pmhownowbrownmao—Really? I guess the big nasty oil companies only have sway in the US,huh? The rest of the world plows right ahead with hundreds of nuke plants. You sound like one of those dopey liberals I spoke of. I believe the fool is your mirror.
Report Post »▼▼▼▼
ChiefGeorge
Posted on March 7, 2011 at 8:15pmKissinger made a deal to put us on the Petrodollar thru the Saudi deal back in 73. Can’t do anything until that is resolved on way or the other. We need the world to buy oil in dollars and the Saudis reinvest in US buy purchasing our bonds. This revolving door is fixing to come to an abrupt end maybe this year.
Get ready. Buy silver now while its still a bargain.
Report Post »mrclean
Posted on March 7, 2011 at 4:51pmThis is the straw that breaks the camel’s back, excuse the pun.
Folks, this is going to bring tremendous problems to our country’s citizens. Continue to prepare.
IMHO, the Barry administration needs to be removed from the white house pronto.
Report Post »hownowbrownmao
Posted on March 7, 2011 at 4:51pmabsolutely no oil that we purchase is off line,speculation and fear are driving the markets. T. Boone Pickens told us in 08 that American reserves in Alaska and the Continental US including offshore only accounts for less than 2 percent of the Worlds reserves. And if I remember correctly, 10 years is the realistic development window.Natural gas is being accessed as well as traditional crude here, and if they are slow in permitting new offshore, perhaps they had a major f#ckup in the Gulf they don,t care to have repeated. When you trained robots drone on and on about drill here drill now,do you think Exxon mobil or Shell wouldn,t be doing that? The easy, good and plentiful formations are NOT here dumbsh#t. I worked for a shallow driller Exxon and Brown and Root right here in Texas,and most of our exploration is overseas. My mother was a 20 yr employee of Conoco Phillips who worked in exploration and planning and analysis, and before she retired most of their work was overseas also, And did any of you brain trusts consider why we call the few pockets of accessible oil domestically RESERVES? when you can’t buy the sh#t any more due to War or or a self inflicted oil price spike like right now,how much do you think our oil will be worth then? If the energy companies are raking you over the coals right now, it‘s not because we aren’t drilling, it’s because developing new energy sources, incluging gas and r and d is expensive. They arent stupid and domestic drilling didn’t go away because of the Sierra club, domestic drilling went away by natural causes.
Report Post »Blackhawk1
Posted on March 7, 2011 at 5:22pmhownowbrownmao
Here is a look at some of the largest untapped reserves:
A)
The Bakken Fields in North and South Dakota. New drilling and oil recovery technology is making the capture of this oil feasible and some development is now underway. It is estimated that there is at least 200 Billion barrels of oil in this region. At a price of $100 per barrel the value of this find is $20 Trillion.
B)
The Outer Continental shelf. It is estimated that around 90 billion barrels of oil sit beneath the ocean bed 50 to 100 miles off the shore of the Atlantic, Pacific and Gulf coasts. The value: $9 Trillion.
C)
The Alaska National Wildlife Refuge. About 10 billion barrels are locked up here with a current value of $1 Trillion.
D)
Tar Sands: Around 75 Billion barrels of oil could come from these areas which are similar to the Canadian tar sand fields and which now produce about 2 million barrels per day. The value: $7.5 Trillion
E)
Oil Shale. This is the most massive area of potential oil production in the world with an estimated 1.5 Trillion barrel potential. The technology necessary to extract this oil is now in place and being operated on a pilot project basis. The value of this resource: $150 Trillion
F)
There is also the real potential that further finds will be discovered as technology continues to improve.
In total the value of the potential oil reserves of the United States listed above exceeds $187 Trillion.
The current national debt is $14.2 Trillion or less than 8%.
Despite the protestation of President Obama and the environmentalists the world and particularly the United States is not running out of oil. Their foolish tilting at windmills and solar will never produce energy sufficient to operate a $14 Trillion and hopefully growing economy.
Anything else you would like to lie about TROLL?
Report Post »Alinskyrevenge
Posted on March 7, 2011 at 7:43pmI have a hunch if we could buy you for what you’re worth, and sell you for what you think you’re worth, we could buy enough oil to last a decade.
Report Post »constitutionparty
Posted on March 7, 2011 at 8:18pm@hownow
Report Post »You have no idea what you are talking about. We have plenty of oil in this country that is accessible. It is the Liberal mindset that we should NOT do drilling here but continue to drill everywhere else in the world. They want the price to skyrocket to get people to use less and don’t care about the effect on the US economy. You should try learning something before you speak. The government controls where we drill. Look it up!
endgamer
Posted on March 7, 2011 at 4:47pmNew World Order and the “engineered revolutions” in North Africa. Oil, Gold, and Silver Prices Up as Saudi Arabia Faces Unrest.. Government takeover of Oil in the United States. Complete collapse of the Dollar.. There will be no 2012 election Obama will be named president for life.. God Help US!
Watch: http://www.youtube.com/watch?v=H-ejWiDuVEc
Report Post »jacobstroubles
Posted on March 7, 2011 at 4:46pmThe ugly truth of the matter is that it’s going to happen.
Report Post »we will likely see this happen before March is over…
I also bet a big peice of info will be revealed that will honk people off.
RLTW
Posted on March 7, 2011 at 4:40pmOh we’re in trouble. The day of rage will start one way or another in Saudi Arabia. Most of the country is paid and lives on what we would consider poverty wages.
Example: A registered nurse over there makes around 13thousand a year. A skilled professional makes what burger flipper could make here, you think MB won’t take advantage?
Report Post »Slap Shot
Posted on March 7, 2011 at 4:37pmAre we ready to IMPEACH this bastard. We have enough evidence.
Report Post »jacobstroubles
Posted on March 7, 2011 at 4:45pmThose papers should have been started on Nov 8th, 2008!
Report Post »However, we can certianly proceed with that now.
tankerBigRed1
Posted on March 7, 2011 at 6:03pmWe need a rep senate to convict!-on the reserve- where are they going to put it? our stocks are high- so sites say high as as far back as 96-local ethanol plant is starting to face the where do we put it problem- looks like some speculators need a bath-[broker??]
Report Post »patspeak
Posted on March 7, 2011 at 4:23pmObama (the no leadership President) isn’t worried about $200 barrel of oil. Heck no! He’ll just recommend no new drilling and then empty the Strategic Petroleum Reserve. Then he will send his dream car the Chevy Volt mounted with battery operated cannons atop to the armed services on the battlefields. Don’t worry folks, doesn’t this wonderboy President always have your best interests at heart?
Report Post »april 12 1861
Posted on March 7, 2011 at 4:21pmMr. O, I’m sure you are thrilled with the fact that…..
“Energy prices with naturally have to rise!”
Did you eat too much today? Is our home warm today? Did you consume too much today?
Mr. O, you are a sick, sick human.
Report Post »mikenleeds
Posted on March 7, 2011 at 4:20pmSaudi has us bent over a barrel and all grease up for the slamming they can give to us at anytime , this is what you get when you elect liberals that want let us drill our on oil … high-way robbery ..
Report Post »PatriotComeLately
Posted on March 7, 2011 at 4:20pmTime to open up domestic drilling – see the solution in “Resurrection of a Nation” by John P Walker. (full disclosure, no connection with Walker other than he was a guest on my podcast and I love his book)
Report Post »SlickWilly
Posted on March 7, 2011 at 4:19pmWhy is it every time the people in the middle east act up they get paid more money. It’s no wonder why that place is so screwed up. Those people know how to get paid!!!
Report Post »Obama is the Leader of Crime Inc.
Posted on March 7, 2011 at 4:15pmObama’s energy plan is working just like he said “under my energy policy energy prices will necessarily skyrocket” Thanks Mr. President! I am sure glad you took our money and loaned to to you good pal (the convicted felon) George Soros so he good invest in deep water off shore drilling off the coast of Brazil. Now your buddy is raking in billions(on our dime) while we take it in the shorts! 2012 will not come soon enough! A.B.O 2012 (Anybody but Obama 2012)
Report Post »illogger
Posted on March 7, 2011 at 4:12pm@awakenedone. I am well aware of the fact that the current regime is going according to plan.
Report Post »JP4JOY
Posted on March 7, 2011 at 4:10pmOpening up the Strategic Oil Reserve is not only short-sighted but if history is a clue will lead to higher prices. Eric Bolling (of Show Me the Money, Fox) showed a chart that demonstrated just that this morning. The last three times it was tried it drove prices much higher, of course that is just what Obama wants. Higher prices will allow Him to move forward his green agenda at full speed with more public support. We can’t let a good crisis go to waste. This Administration SUCKS!
Report Post »jackeric61
Posted on March 7, 2011 at 4:10pmHere comes the class warfare. The elites are finally getting what they have been planning for a long time. We will become slaves to the corps. and bankers. And the best part is when things get so expensive and everyone is using their credit cards to by food and gas the bankers will just get richer. I know a small business owner and he paid $11,000.00 last years in credit card fees just by accepting them at his place of business. Thats right the card companies charge every business up to 3.5% of every purchase made and don’t forget thanks to the healthcare bill the feds get copies of all credit card transactions made. Welcome in Big Brother
Report Post »felina g
Posted on March 7, 2011 at 5:02pmWhat is in it for ME ????
Report Post »M.Rapp
Posted on March 7, 2011 at 4:09pm@ Robert-CA,
I would tend to agree with you. However, it is the Saudi government in the past who has feared upheaval in their region, and, as a response, curtailed to many of the Wahhabist leaders’ requests for power in the region. Historically, any power who has compromised with an oppressive entity has suffered down the road from it. If that isn’t enough, Saudi Arabia also does not have the support of this current administration as it had with past administrations. Obama has a 2 year track record of trampling over the best interests of the U.S.’s allies, and that can’t be good for business, much less for the confidence of the Saudi royal family. Remember the handling of Osama Bin Laden by the royal family‘s intelligence arm in the 1980’s (reference: Lawrence Wright’s book “The Looming Towers: The Road to 9/11″). Deals made in the past cannot be forgotten, by either our side nor the enemy’s side. There are waaay too many scruples in the Kingdom’s government to say that the Saudi regime will not let Saudi fall. Let’s not forget that it is the oil we discovered over there that has kept them rich from the Faisals to the Sauds. They did not work for it, nor did they sweat blood and tears to make their fortune. Such a people (and I mean people in general, not race or nationality) cannot be expected to have the mettle to fight evil (that, I do absolutely mean EVIL) in order to protect their given power.
I sure hope you are right though Robert.
Report Post »illogger
Posted on March 7, 2011 at 4:18pmThumbs up!
Report Post »Robert-CA
Posted on March 7, 2011 at 4:34pmI have the same fear as you do , cause this administration is very weak in making critical decisions , the lack of this administration will help with the overthrow of Saudia , exactly like what happened to Shah Iran & the take over of muslim mullahs in Iran .
Report Post »stopspendingourmoney
Posted on March 7, 2011 at 4:07pmEveryone better get there houses in order and prepare for the worst and hope for the best.
Report Post »jjoy
Posted on March 7, 2011 at 4:07pmIf our stupid politicians would let us drill for our own oil we wouldn’t have to worry about what happens in Saudi Arabia…
We have more oil reserves in the Continental United States than in the entire middle east, yet our oil companies are not allowed to drill for it…
We pay a significant portion of our GNP to buy oil from countries that hate our guts and gouge us on price… And in the meantime, Russia, Cuba, China, et al are drilling in the Gulf of Mexico…
Report Post »Hisemiester
Posted on March 7, 2011 at 4:06pmEight dollar/gal gasoline? Day of Rage in where? Would you say “The USA” Hey Obama! we want you out. Leave the country now! right now!!!
Report Post »mrclean
Posted on March 7, 2011 at 4:45pmI dare say, if gas reaches $8 and higher, there will be some serious rioting in the USA.
Seniors on low fixed imcomes can’t afford $4, nevermind $10 a gal. Serious changes in the extreme will be occuring in our lives. You can bet homelessness among seniors will increase.
Loser oblahma’s secret bunker is being readied as we speak. He’ll need it to protect himself against American citizens. Wait….. am I not supposed to say that?
Report Post »JaneDo
Posted on March 7, 2011 at 4:06pmIt’s very simple to fix! The two largest oil companies in the United States are ExxonMobil and Chevron. Do not get gas from these two companies and force them to compete!
Report Post »randy
Posted on March 7, 2011 at 4:04pmObama would love to tap out oil reserves. Making the US weaker if our military ever needed it.
Report Post »It’s going just as planned, isn’t is Soros and Obama?
Snowleopard {gallery of cat folks}
Posted on March 7, 2011 at 4:39pmIt may not be part of a plan, yet they have utilized the emergency for their own agendas.
Report Post »felina g
Posted on March 7, 2011 at 5:00pmYou mean tap DANCE ??
Report Post »illogger
Posted on March 7, 2011 at 4:01pmBarack baby is sitting back and laughing his a$$ off along with the rest of the enviro whack jobs. Rome is burning and they could care less.
Report Post »Awakened One
Posted on March 7, 2011 at 4:06pmYou’re wrong Illogger. They care very much. It’s what they wanted.
Report Post »PatriotComeLately
Posted on March 7, 2011 at 4:09pm@ILLogger Not the enviro nut jobs, the Cloward-Piven crowd. This fits their “collapse the economy” plan even better than they could have expected.
Report Post »PatriotComeLately
Posted on March 7, 2011 at 4:13pm@ILLogger not enviro nut jobs, he is laughing with the Cloward-Piven crowd. This fits their ‘collapse the economy” plan better than they could have expected
Report Post »Jaycen
Posted on March 7, 2011 at 5:23pm“Under my energy policy, oil prices would necessarily skyrocket….”
Report Post »kryptonite
Posted on March 7, 2011 at 5:40pm@Jaycen: “Under my energy policy, oil prices would necessarily skyrocket….”
Report Post »—
AND he likes his plan, doesn’t he? THEREFORE, he wants to crash the economy.
mrsmileyface
Posted on March 7, 2011 at 3:53pmWe could solve this problem by using our offshore rigs in the Gulf of Mexico, oil shale plots in the plains, and our drill rigs in ANWR. Oh wait! No we cant. Thanks Obama.
Report Post »Vixvenom
Posted on March 7, 2011 at 4:00pmYES Smiley!! ANWR!! And now they’re talking about tapping the strategic reserves to beat back gas prices. Don’t tap them, increase them. Drill! Got news for ya folks, Beck nailed this one…gas prices are about to explode, then, Dollar will come under fire….crazy times coming.
Report Post »Warphead
Posted on March 7, 2011 at 4:31pmIt’s not been obama who has stopped oil drilling in our own country for the last twenty years. It’s the environmentalist whackos empowered by our very own EPA. Obama is just following his party line. I for one can tell every one of them where they can ram a drill rig. Might not get much oil but sure would result in a lot of gas.
Report Post »Snowleopard {gallery of cat folks}
Posted on March 7, 2011 at 4:38pmIt is interesting a judge has ordered them to expedite the process for drilling permits, and yet there is nothing but silence and contempt from the White House and administration.
Report Post »Oil_Robb
Posted on March 7, 2011 at 5:19pmBarry Satoro and his wife Rue Paul are fixated on Sodium intake
Report Post »Robert-CA
Posted on March 7, 2011 at 3:52pmI don’t think that the Saudi regime will let Saudia fail .
Report Post »cheezwhiz
Posted on March 7, 2011 at 4:02pmOMG
Report Post »Oil prices going up
and soon we will use up all our strategic oil reserves too,
and we will NOT dig for our own oil….
I wonder if WH staffers have seen Obama’s O-face today :P
Awakened One
Posted on March 7, 2011 at 4:03pmLet‘s not forget who’s responsible for this energy vulnerability. The hate America first liberals and progressives who blocked every attempt to develop American resources. Obama said his policies will necessarily cause energy prices to skyrocket. Well, there’s one promise he kept.
Report Post »PatriotComeLately
Posted on March 7, 2011 at 4:07pmJust like no-one thought Mubarak would lose Egypt and Al-Qaddafi will lose Libya. Stop sticking your head in the sand (pun intended)!
Report Post »GeneralBeasley
Posted on March 7, 2011 at 4:08pmthis is all cheneys fault he blew up the oil rig
cheezwhiz
Posted on March 7, 2011 at 4:10pmHey trollie trollie…come out and explain how $200 / barrel oil will be Bush’s fault !!
Report Post »We are waiting ….
Robert-CA
Posted on March 7, 2011 at 4:12pm@ AWAKENED ONE
Report Post »2 promises so far , don’t forget the “fundamental change”
expatinontariocanada
Posted on March 7, 2011 at 4:16pmDRILL-BABY-DRILL right here, right now. Ok, right there, right now. Sometimes I forget where I’m living.
Report Post »cheezwhiz
Posted on March 7, 2011 at 4:16pmThe calls to open those reserves could get louder very soon.
Report Post »———-
Tapping into strategic oil reserves is like
cashing out your 401K to support a crack habit
when rehab is available for just a few bucks
NickDeringer
Posted on March 7, 2011 at 4:18pmGod help us. We are a country without a President. Professor O’Barry could slash oil prices with one statement:”I am lifting the ban on drilling in the Gulf and ANWAR.” The speculators would run for their lives.
Report Post »Dustyluv
Posted on March 7, 2011 at 4:21pmYour way of life has just ended…
Report Post »GeneralBeasley
Posted on March 7, 2011 at 4:24pm@ cheezwhiz,
Report Post »I am not saying it was bush‘s fault I clearly said it was cheney’s fault, and because of the BP oil rig exploding and dumping hundreds of thousands of metric tons into the gulf every law and policy maker jumped right behind the hippie tree huggers to protect our wild life and stop any oil drilling what so ever in the US gulf, thus contributing to our oil prices hitting $200.
Blackhawk1
Posted on March 7, 2011 at 4:24pmLet’s see what was it Obama said while running for King? Oh yeah it would take ten years for drilling on our own soil to produce any oil we could use. That was over 3 years ago, so now we are another 3 years behind and he shut down the gulf. Thanks a bunch Barry, you fool.
Report Post »Robert-CA
Posted on March 7, 2011 at 4:25pmThis country needs a leader with balls … HELLO HELLO HELLO HELLO HELLO HELLO
Report Post »tobywil2
Posted on March 7, 2011 at 4:29pm“MID-EAST PEACE AND THE PRICE OF OIL”
Oil prices are soaring today in response to another crisis in the Mid-East. This article, written in 2009, contains the solution to the problem. If these recommendations had been implemented when this article was written, there would be no problem today and we would be enjoying $20.00 per barrel oil.
Click on the link below to understand the energy problem and solution.
Report Post »http://commonsense21c.com/files/CE-1-5-09.pdf
KOCHLEFFEL
Posted on March 7, 2011 at 4:30pmAmericans wait until everything falls apart,then they complain. Should have drilled a long time ago in your own country. We have plenty of oil.
Report Post »Snowleopard {gallery of cat folks}
Posted on March 7, 2011 at 4:31pmThe House of Saud may not want the country and the rulership to end, yet there is always the fact that a handful of people in the right way can change the whole equation. Remember one man who decided suicide by fire in Tunisia had started the whole mess coming undone.
Obama will most likely not release the national oil reserves unless it will be of major benefit down the line when oil prices climb higher, and our own depleted strategic reserves force another 70s style of energy crisis…
Remember, Obama declared energy prices would of necessity skyrocket, and with summer coming up, the electrical prices will start going up throught the roof as well.
Report Post »CatB
Posted on March 7, 2011 at 4:34pmWhere is the MSM blaming the White House? .. after all it IS the Obama Administration that doesn’t want domestic drilling .. and “under my plan energy prices will necessarily skyrocket” .. Where is the outrage at the pain this is causing? … cricket chirping…..
Report Post »poverty.sucks
Posted on March 7, 2011 at 4:36pmCarney isn’t a Strategic Oil Reserve Expert, price isn’t a concern, only obstruction. No need for alarm or concern, this regime will not be obstructed because they’re in constant commuication with oil producing countries, of course, this regime isn’t an oil producing country.
Report Post »Snowleopard {gallery of cat folks}
Posted on March 7, 2011 at 4:36pmI just had a thought about something, with Obama having declared energy prices will necessarily go up, if the middle eastern supply of oil is disrupted dramatically and our own strategic reserves have been depleted by Mr Obama, along with no new development in our domestic production what will keep him from declaring an ‘energy emergency’ via regulation, executive order, and declaration of an nation wide emergency from seizing all of the power stations and distribution grid for the ‘assurance of fair distribution across the nation to everyone.’
And of course there will be some form of unaccountable to no one regulator over the whole mess.
Do not be suprised if this, in the extreme case may happen.
Report Post »Blackhawk1
Posted on March 7, 2011 at 4:38pmcheezwhiz
Didn’t take long to catch a Troll. You had to know Bush or Cheney had to have something to do with Obama’s failure. Obama’s Drilling Moratorium overturned by a Federal Judge so what does Obama do? Ignore the ruling just like he is doing now that Obamacare is unconstitutional.
Report Post »cheezwhiz
Posted on March 7, 2011 at 4:40pm@ GeneralBeasley
Report Post »Lets see,
1. If we had NOT been drilling so deep, we would have been able to cap the gusher much easily and faster in the case of Deepwater Horizon
2. If Obama and his minions had not constantly and pro-actively hindered the clean-up efforts , the clean-up would have been much easier and faster
3. If instead of dancing with Paul McCartney and playing golf, Obama had taken control of the crisis in order to SOLVE it and NOT to MARKET it for politics ( remember him looking for an @$$ to kick in return for $ 20 Billion ) , the oil cartel of the ME would not have the guts to play with our economy.
Whats Cheney got to do with what Obama failed to do as POTUS ?
theonefromabove
Posted on March 7, 2011 at 4:45pmI don’t think it will go that high for some time.
http://politicalbowl.com – Political Videos
Report Post »GeneralBeasley
Posted on March 7, 2011 at 4:55pm@cheezwhiz
Report Post »12 days before the BP spill halliburton purchased Boots and Coots, which is a company for cleaning up oil spills world wide. Cheney got paid to clean up that mess. and oh what beautiful timing. no doubt obamby failed, like he always does, more than likely on purpose, but acknowledge the fact that he was not working alone, shift yourself from the hard left or the hard right and find some center, as I have. the last 11 years everyone has been screwing us over.
kryptonite
Posted on March 7, 2011 at 5:13pmHow long are our intel agencies going to put up with this commie’s treason? O’bum is trying to run this country into the ground. Would any other president in his sound mind refuse to lift the ban on offshore drilling in the Gulf? Obama’s refusal to do so is especially egregious, considering he played a major role in destabalizing the ME by supporting the revolution in Egypt and inciting the young everywhere to seek freedom/democracy.
Can a president destroy his country’s economy in such a blatant way and get away with it? Just because we never had a tyrant before doesn‘t mean we have to keep on pretending Obama isn’t one. Maybe it’s time Red states got together and discussed secession.
Report Post »Oil_Robb
Posted on March 7, 2011 at 5:17pmI hope OIL goes to 200 a barrel…then we can riot and force Barry Satoro to let us drill in American,,,,,that scum bag
Report Post »Jaycen
Posted on March 7, 2011 at 5:22pm@Blaze Comment Posters
Please people, stop hitting the gray Reply button.
Scroll down and click Post. That’s what most of you want to do. Do it.
Report Post »C. Schwehr
Posted on March 7, 2011 at 5:22pmNote to BeasleyTroll: Dick Cheney hasn’t been involved with Halliburton in over TEN YEARS!!!! Care to try another impossibly convoluted bit of non-logic to connet either Bush or Cheney to a disaster that was only hindered further by the messiah and chief?
Report Post »cheezwhiz
Posted on March 7, 2011 at 5:33pm@ GeneralBeasley
Report Post »Micheal Moore owns Halliburton stock. There must be a lot of people who own stock in that company.
Cheney does not work for Halliburton .
BP spill benefitted Micheal Moore and other enviro-nazis and marxists.
Obama got a reason to install wealth-killing policies , as detailed in Das Kapital.
BP tragedy seems to have worked very well for the marxist agenda .
http://www.wnd.com/news/article.asp?ARTICLE_ID=47174
That BP tragedy was a crisis which didn’t go to waste
GeneralBeasley
Posted on March 7, 2011 at 6:05pm@cheezwhiz
Report Post »Yeah they did jump all over that like moore on a cupcake and most definatley exploited the crisis,
but to deny any wrong doing by the right is ingnorant. By the way calling me a troll and saying I’m blaming it all on bush which I am not, then you going and putting blame on moore(not that I’m defending the fat basturd) kind of makes you a troll, just stuck in a another dimension.
cheezwhiz
Posted on March 7, 2011 at 6:24pm@ GeneralBeasley
Report Post »You must have noticed by now that it takes a few minutes for comments to show up here.
When the comments show up, they have their original time-stamped .
The comment you are referencing was 2 min later than yours
although yours appeared with a bunch of other later comments , like mine .
GeneralBeasley
Posted on March 7, 2011 at 6:32pm@cheezwhiz
Report Post »yea i have noticed that, can cause some issues sometimes, how about agreeing to disagree here, we are all family, different lives, different expierences, different views, but a same ultimate common goal.
Showtime
Posted on March 7, 2011 at 6:32pmDO NOT BUY a hybrid or electric car!!!
Clark Howard bought a hybrid. I heard on the radio this afternoon that Clark recently had to replace his battery — to the tune of eight thousand dollars ($8,000)! Eight Grand! $8K!
The radio host taking Clark‘s place today said that it’s better moneywise not to buy a hybrid, but if you do, find out HOW OFTEN the battery will need to be replaced and HOW MUCH the battery will cost — BEFORE you buy it!!!
Report Post »kryptonite
Posted on March 7, 2011 at 6:35pm@cheezwhiz: “That BP tragedy was a crisis which didn’t go to waste.”
—–
“…go to waste,” my butt. Too many crises indicate SABOTAGE. How many crises have we had since Obama became president? In fact, didn’t he ride into the WH on the wave of “the greatest economic crisis since the Great Depression?”
This tactic was not taken from the Alinskyian handbook. It’s classical Marxism:
==> “A new revolution is possible only in consequence of a new crisis.”
Report Post »(“The Class Struggles in France, 1848 to 1850”; Karl Marx, January – October 1850 for the Neue Rheinische
Ruler4You
Posted on March 7, 2011 at 6:50pmIf and when Saudi Arabia shows the cracks that ALWAYS been there oil will shoot through the roof. In that instance, if America doesn’t drill furiously, then our government has surrendered to islam already.
Only average Americans don’t know they have already been sold out. You can’t fix stupid.
Report Post »cheezwhiz
Posted on March 7, 2011 at 8:17pmGeneralBeasley
Report Post »Posted on March 7, 2011 at 6:32pm
—-
ditto
:D
jhaydeng
Posted on March 7, 2011 at 9:28pmWhen was the last time our reserves were open? Just curious!
Report Post »Dave In Arizona
Posted on March 8, 2011 at 1:12am@NickDeringer
Lift the ban on Gulf drilling? And ANWAR? Are you nuts!? His Leftist buddies would lynch him from the top of the Capitol building.
Report Post »eretsim
Posted on March 8, 2011 at 5:05am@cheezwiz
Report Post »eerie, me thinks along same line as well
perfect time to drain reserves
lannylar
Posted on March 8, 2011 at 9:58amWe hope but if they have any protests oil will spike up. I hope it will and in summer at least we can have a little time to get ready for winter. so what is so bad $200 plus we crash as a country. People in the places like Chicago riot cause of prices and Obama has to call out troops to put them down.
Report Post »I know my dream is he has to put down riots on the people that elected him.I know I am considered stupid for willing to let this happen but the way this country is going something has to happen so getting it in the summer is alot better then winter.
Armed Patriot
Posted on March 8, 2011 at 10:29amThe price of oil isnt going up due to a lack of crude on the market. There actually is a glut. Oil refineries are operating at around 70% capacity because there is no shortage of gas/diesel. The price is going up due to fear and speculation. Thus, it would serve no purpose or benefit to open the Strategic Reserves. Save it for when we really need it. Get the speculators out of the market and prices wouldnt skyrocket everytime the shite storm blew. Also like previously stated above… If nobama said and actually opened up Anwar, the Gulf, the eastern and western cont shelves, as well as inland to drilling and coal production. This works to obamas desires. High prices on energy and a shortage of availability. Just wait for his rolling blackouts on electricity coming to a home near you.
Report Post »OneFunR6
Posted on March 8, 2011 at 11:11amAwakened One – “Let‘s not forget who’s responsible for this energy vulnerability.”
JIMMY CARTER & The DEPARTMENT of ENERGY????
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