Re: [St] George W

["Kevin Dicks" <rawsonboy@xxxxxxxxx>]

IIRC they just agreed to increase production by 200K barrels a day so they
clearly are not at the absolute max capacity just yet - I'm sure they have
more where that came from.

That said there will always be a finite amount of oil that can be extracted
on a daily basis and it clearly is a case of supply and demand and right not
demand is exceeding supply.  That is simple economics.  My big beef is the
way oil companies are making truly obscene profits AND raking in huge
subsidies and tax breaks.  As I said, huge profits OR tax breaks/subsidies,
choose one.

-----Original Message-----
From: st-bounces@xxxxxxxxxxxxxxxxxxxx
[mailto:st-bounces@xxxxxxxxxxxxxxxxxxxx] On Behalf Of Ken
Sent: Tuesday, June 17, 2008 4:31 PM
To: ST@xxxxxxxxxxxxxx
Subject: Re: [St] George W


I think you guys are ignoring the most obvious reason. Everyone thinks the
Saudis have an unlimited supply of oil and a means of producing as many
barrels per day as they want. Wrong on both counts. Many believe they are
pumping at close to max capacity. It becomes a simple supply amd demand
issue. With China and India growing at the rate they are, it will just get
worse. George W asked them to increase production and they wouldn't. I think
they couldn't.

And to make this Sprint related, gas prices was one reason for me to get my
new bike!

Ken P

-----Original Message-----
From: "Kevin Dicks" <rawsonboy@xxxxxxxxx>
To: ST@xxxxxxxxxxxxxx
Sent: 6/17/08 9:46 AM
Subject: Re: [St] George W

Again...not to perpetuate this thread but while they might not set the price
of oil they sure do rake the profits in while at the same time receiving
huge subsidies and tax breaks from the feds.

Tax breaks or huge profits.  Choose one.

-----Original Message-----
From: st-bounces@xxxxxxxxxxxxxxxxxxxx
[mailto:st-bounces@xxxxxxxxxxxxxxxxxxxx] On Behalf Of Bil Swartz
Sent: Tuesday, June 17, 2008 11:16 AM
To: ST@xxxxxxxxxxxxxx
Subject: Re: [St] George W


John Ulizzi wrote:
> That's really funny, but I will give you a serious
> answer:
> 
> As much as I may dislike the general population of the
> middle east and want to blame them for the current
> price of a barrel of oil, they are not the ones to
> blame. It is our big american oil companies that are
> raising the bar and crippling our economy. Just go to
> yahoo finance or anything similar and look at the
> recent financial statements of any oil company. Record profits. And
> why does our government permit this? Because W and all his boys are 

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