Vote McBush. Replay the, 'dance of the fools'.

The dance of the speculators and the manipulators of America's once proud economy.

This actually might be a smart move.  Bush is removing the obstacles (like the guy fired yesterday from the Pentagon) blocking his way towards $200-a-barrel oil.  Buy low, sell high, remember?

Soon, $110 a barrel is going to seem like a stone bargain.

I just bought new walking shoes~ good thing. 

Got half a dozen pairs myself, a bike with folding baskets, and working on other alternatives as well.

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Lots of towns, Bakersfield included, are going to regret designing their layout on 75-cent-per-gallon gasoline.

I realized something last night~how old I am. I was watching the gas price news,it is $3.65 (i think) national average per AAA.I remember one of the factors that got me to quit smoking was a pack costing over a dollar. I paid .25 for my first gallon of gas..... the bike,the bus,the backpack,all are looking resonable right now.

 Soon most you lib's will be on bikes     so far I can go to $ 5.00 per gal

Maybe those reindeer   thank you for saving their homeland

 I'm sure they appreciate it in their own way, Ron.  We're saving far more than reindeer by not spoiling ANWAR.   Of course, global warming is probably going to screw it up anyway.

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What makes you think it'll stop at $5 per? 

 Take my word it gos to 150 a barrell    I golf twice a week gas is minor    all the golf carts are electric     I travel less than 10 miles a day    wife round trip 12 miles

She has a new excape and I have a ford 150 2005  about 20 miles per

You all have missed the point. We have 700 million barrels of oil stored in salt mines. Much of it purchased at less than 10 dollars a barrel.

Bush could be selling that 10/barrel oil for 110 dollars a barrel making a profit for the feds and lowering prices for gas at the same time.

The price of oil a year out is 100/barrel and less. The profits made from selling the $10 crude in storage could be used to rebuild the SPR with cheaper oil than what Bush is buying today.

All the while forcing the price of crude lower. Forcing the price of gasoline down.

 great idea kozy

lets sell of the strategic reserves for short term relief

then we will really have leverage!

you have got to be kidding now........ right?

 How long would those reserved barrels last us, Tkozy?  35 days.  And what would we replace them with?

 We use like 20 mil bbls a day. We produce something lie 8 or so and import about 12?

But a little over a months supply in SPR?

Something like that!

Yeah lets utilize that to drive down prices!

Someone is smoking that North Dakotan Bud.................

(and it ain't bud light)

 we could replace them with Bakken Field crude!

kozy could retire to Sveden

(or its environs)

Random,

At full steam. It would take over 90 days to completely release all of the SPR. Problem with that idea is that America can not possibly consume that much crude in 90 days.

There are another 25 days of crude in various storage areas in the continental U.S.

Those figure assume no attempt to conserve gasoline.

The idea behind releasing the SPR crude is to show the speculators that the Federal Government is on the side of the American Taxpayer. Not Blue Blood speculators

Only a small portion would actually need to be released before speculators would panic and sell off their stocks. The futures market only controls a very, very, very small portion of America's crude. These futures barrels of crude are stored at the Cushing tank farm in Oklahoma, (18.6 million barrels. Up 2 million barrels from last week.).. It's pipelines feed the very same area's that would be served by the SPR. So a small release from the SPR would dramatically affect the Speculators. Their stocks increase 10% last week.

West Coast demand has reduced to the point that even at 84% production runs. Gasoline is running short of storage tanks. We are shipping it to China and Chile. Creating a fictitious picture of American demand that is not reality.

U.S. Gasoline storage is at levels not achieved since 1993. And Gasoline was $1.30/gallon in 1993. When the price hit $1.35/gallon President Clinton released 11 million barrels of crude from the SPR. Problem solved.

A little more information. In Jan. 2002 crude supplies were 273mb. When gasoline was 85 cents/ gallon in jan 2002. In Jan. 2002, Crude stocks were 273 million barrels compared to the 311 million barrels in storage today .

Gasoline supplies were 216 million barrels And gasoline was .85 cents per gallon in Jan 2002. Today gasoline supplies are 234 million barrels.

There is no demand premium.

There is no supply premium.

There is only unpatriotic selfish speculation.

America is facing manipulators of our economy. This must be recognized as the attack on Americas security that it is.

 America is facing manipulators of our economy.

LOL... And you want the government to step into the game and manipulate the market even more?? And just who are you going to require to buy the crude??  Refiners don't have any room for the crude or the refined product. So what do you suppose the refiners do  with all this crude?? Pour it down the street??  Make more gas that the public is not buying?? Isn't this just what all those gas outs have been clammoring for for decades?? That refiners would be choking on their gasoline stocks??

America looks like they may be finally kicking their gasoline crack habit, and now you want to inject some more  crude in Americas veins...  Amazing..

Justin,

I hear over and over again how the middle East supports terrorism.

Yet you still prefer to send American money to the Middle east, instead of North Dakota.

I will gladly sign a non aggression pact with the Bushies. I feel it is only fair.

America's import imbalance would reverse itself if America bought its fuel at home.

And there is 500 billion barrels of crude in the Bakken field.

That formation will triple the proven reserves of America. It will allow America to surpass the entire middle east in proven reserves.

And TK might make a buck or two.

Don't see anything wrong with that.

Do you?

 And now for some facts.

Bush did not "buy" crude on the open market.  The DOE, as directed by your Democratic Congress, has engaged in Royalty In Kind exchange of the governments oil from the formations in the Gulf to the SPR.  Bush did not 'buy" the crude.  DOE simply took ownership of their oil in the Gulf to their storage formations in the SPR.

This action was taken in accordance with the provisions of the Energy Policy Act of 2005, which DIRECTS that the SPR fill to its authorized size of one billion barrels.  Both Democratic Senators of this state approved that act.  Senator Hillary Clinton approved of that Act.  Hussien B. Obama approved of that Act. 

Pretty damn simple.  Just executing the laws of the land.  If you don't like it, then I suggest you contact your congress person, Hillary or Hussien B. Obama and demand that they change the law that they approved.   Course the Dems are a little busy trying to fix the botched corronation of Hillary without burning a cross on Husseins  lawn, and banging hookers for $4000 per hour.  Please have patience as they are a little busy now with much more important issues.

If government shut the sewer line to your house off. Because the sewer plant had no more capacity. And they refused to expand in an attempt to increase fees. What would you say.

The petro czars have reduced refinery capacity by 15% to purposely increase costs. They have also shipped excess product overseas at a time of war.

Manipulation of this kind has resulted in convictions and prison terms. It is unlawful to manipulate the markets in this way.

Ask the Hunt Brothers. They were convicted of attempting to manipulate the silver market in the 70's and 80's.

Mexico,

The bill in no way required that any Crude must every be purchased or exchanged for royalties.

Bush accepted crude oil at 110 dollars/barrel instead of cash royalties. He didn't have to accept that shipment. The Bushies requested the shipment to the SPR.

The Bushies paid 110 dollars/barrel. At a time when there was no need to. And the debt ridden Bush regime. Fell short the 11 million dollars that would have resulted from a cash sale.

 The DOE is in charge of administering the  NPR, as DIRECTED BY CONGRESS.  CONGRESS HAS OVERSIGHT AUTHORITY.  TAKE IT UP WITH THEM IF YOU DO NOT WISH THE LAWS TO BE EXECUTED.....

If government shut the sewer line to your house off. Because the sewer plant had no more capacity. And they refused to expand in an attempt to increase fees. What would you say.?

I would say fudge you government.  How do you like my septic system...

Tell me something Kozy.  What is keeping a small independent refiner from running his plant at maximum capacity?? You tell me that? Any increase in gasoline produced will not have a marked decrease in price, yet will give them even more money than if they were running at less than capacity.  So if running at capacity gets them more money, can you tell me why they wouldn't be trying to make more money??  If they are greedy, as you claim, wouldn't a small refinery try to make as much gasoline as possible??

Refinery Profit and Cost Per gallon = 24 cents.

Distribution cost and profit per gallon = 9 cents.

Assuming 1/2 of that is profit, then the refiners and distributers are profiting 16 cents per gallon.

Now lets look at the profits your government is making on a gallon of gasoline.

State and local tax, 26 cents. State Excise tax 18 cents. Federal excise tax 18 cents.  Total of 62 cents of profit the government makes on every gallon of gas.  And they do nothing to earn it.  So who is screwing whom??

http://www.energy.ca.gov/ga...

 pissin in the wind ronmexico.

Dems in CA want to further run producers out of the CA market by upping oil taxes to solve their school bgt crisis. Eventually they'll get what they want.

Tax the oil cos, after all the 62 cents per gal the non producers make just needs to be more. A ready source of cash.  After all, they make so much anyway.

Anyone who has really operated in the oil business here in CA knows that with all the regs governing its production let alone the high taxes already are running off new production. Sure theres some, but not what it could be. But lets raise taxes even more. Thank God for the few Repubs in Ca legislature and the even fewer rational Dems who will stand up to the barrage of  "lets just tax oil cos!" going on now.

And kozy, I'm all for well control in the Bakken Field. Lets drill more, extract more, and not tax it into oblivion! If you become the next T. Boone Pickens, so be it! I can live with that. I just hope you have ORRIs that are solid and chk your LOS's like a hound dog with a new bone.

But if that field were in CA the Reservoir Engineers would work for the school district! You'd be lucky to extract 5%.

Barak the Obama would solve it though.

Just ask the LPO

(little Political Operative)

America's import imbalance would reverse itself if America bought its fuel at home.

And there is 500 billion barrels of crude in the Bakken field.

That formation will triple the proven reserves of America. It will allow America to surpass the entire middle east in proven reserves.

And TK might make a buck or two.

Don't see anything wrong with that.

Do you?

Of coors not koz. You go firl.

I hope you get richer than Cresus. I really do.

We let China drill offshore (Cuba) within miles of where we can't drill on our own leases. Makes sense doesn't it?

And kozy,  think the last est was more like 461 bil recoverable BTW. Probably lower considering the porosities.

Drive that cost of diesel down brother! Helps me!