Comments on: Beating Off Myths

By: Wealth

Wealth — Sun, 17 Aug 2008 20:30:25 +0000

Thanks for your article, Now there is more reason to comment than ever before! This is a great fir for our project!

By: matthew

matthew — Mon, 21 Jul 2008 20:53:02 +0000

The infrastructure of this country is going to shit. The Liberal wackos who want the earth to return to its origins at any cost, including you and me, have somehow been in control of enough of the govenment in the last 50 years that we havent been keeping up with the deteriation of our old infrastructure. Everything is fallng apart and then there’s the fact that we have no reason whatever to be in the middle east right now. There is plenty of untapped supply right here at home. Right off our coast line there is a huge deposit that is currently being exploited by China and a few other countries that we could easily drill for ourselves and keep others out. Then you have Alaska. plenty of oil up there as well. So why are we still sacrificing our young soldiers over in the middleeast if we dont need to? Because of the people who keep spouting feel good nonsense like drilling in alaska will cause the caribue to dissapear. What utter nonsense. When they put in the alaska pipe line this same argument was spouted by equally stupid people and were proven wrong when the caribue population grew to such extremes from the heat of the pipes they had to start culling the heards to keep them from destroying themselves from overpopulation. i truly wish all these idiots would just shut the hell up and let us do what makes sense for a change.

By: Seraphine Khorana

Seraphine Khorana — Fri, 18 Jul 2008 05:06:36 +0000

lol michael, no i really do drive in the front door and out the back. i wear a bib so nobody will notice.

By: MICHAEL MANNING

MICHAEL MANNING — Fri, 18 Jul 2008 04:18:55 +0000

Hi, Seraphine: I don’t believe in the “supply and demand” argument people use. Speculators such as T. Boone Pickens have conspired to drive prices up. That’s my take. Having said this, I do believe we can drill here at home with the utmost care that would be respectful of the environment. When I was on the board of a Rainforest preservation group, our Executive Director put it this way. When you go to the grocery for a box of cereal and a half gallon of milk, do you drive through the front of the building and out the back? Or do you park and walk in, select your items, pay the cashier and walk out? Same goes for extricating oil”. I believe this is sound.

By: wendiva

wendiva — Fri, 18 Jul 2008 03:13:19 +0000

i was just in dubai, where its locals’ lives have completely changed due to discovery of oil back in 60’s. imagine that…back home, pumping gas into my car is my least favorite thing to do. i see my hard-earned $$ slip, slip, slip into my ride. **sigh**

wendivas last blog post..DIOR’S FLOWER WOMEN

By: susan

susan — Fri, 18 Jul 2008 02:22:16 +0000

We’re looking at the last giveaway by the current administration to their buddies in the oil industry. The myth they’d like everyone to believe is that they’re looking to benefit us.

By: Erik Tjallinks

Erik Tjallinks — Thu, 17 Jul 2008 22:35:00 +0000

How truly asked! Yes, it’s a myth of the Holy Market and the Holy War. Whoever drinks my oil, will be saved. I don’t mean this in a blasphemic sense, (Jesus knows) but oil can be seen as the “holy” devil’s blood. But if it weren’t oil, mankind would choose something else.

Erik Tjallinkss last blog post..Religious doubts…

By: Kira

Kira — Thu, 17 Jul 2008 19:46:24 +0000

The crises is really everywhere…

you are so right..

a kiss

Kiras last blog post..The last most inspiring look…

By: Sue

Sue — Thu, 17 Jul 2008 15:39:23 +0000

Ok. I try to be a smart person, as much as I can be. But every time someone starts talking economics, as much as I WANT to follow it, my eyes, ears, and my brain cells glaze over and freeze. Completely.

So please bring on the myth, which I hope would be an easily understood story about the mystery of economics. Just make sure it is one I can place my full faith in it. It can be true and still easier to understand, can’t it?

By: Lindsaylobe

Lindsaylobe — Thu, 17 Jul 2008 11:33:50 +0000

Indexed Investment Funds which give retail investors the opportunity to bet on the oil price are encouraging gambling; a reduced oil price affects those individual investors, (not the Institutions) who will then stand to loose. However I also think lawmakers need to investigate whether speculators are manipulating or influencing the price of oil, additional to the SECâ€™s recent initiative on illegal naked short selling of financial stocks.

But it is the continued dollar weakness as mentioned in your post which is driving investment in commodities, particularly in gold and oil, with large flows from the large sovereign Asian and Middle Eastern wealth funds seeking a hedge against your falling dollar.

Itâ€™s fundamental to policy for a recovery to occur in the dollar and to end sediment it will just keep falling. A rise in the dollar will very likely bring about a corresponding fall in commodity prices and a fall in the price of oil. Supply and demand determines the medium and long term.
Best wishes

Lindsaylobes last blog post..Whatâ€™s going on in the USA?