has the Saudi deal reached fruition? CNN says that more oil is coming....

[AgentLadyBug]

http://money.cnn.com/2004/05/23/news/international/spencer.reut/index.htm?cnn=yes

In addition to speculating on the nature of the Bush/Saud relationship, also check out the lies in the article wrt the cause of the high gas prices.... it's all the evironmentalists' fault!

lol

[NMDemDist2]

1. Humvee's get ?what? 6 MPG?

"The big difference is not U.S. refinery capacity, it's world demand," he said.

lotsa gas to rum Hummers and tanks not to mention the helicopters over in the ME

[papau]

2. Saudi extra oil is extra heavy - for power plants only - not gas

and we can't really use it

The plan (to shut down lower profit and near break-even gas refineries so as to protest EPA rules) is just about completed - so our ability to refine extra oil into gas in minimal. The studies produced by the GOP during the early 90's showed that the price increase for product caused by shutting down the plants made them much more money than running those plants.

The oil boys have no problem screwing the United States, since their only loyality is to their class - the rich and corporate.

And our media is too lazy to point this out - or is not allowed to do so.

[papau]

3. Light crude from new fields are promised by Winter .....???

:-)

[keithyboy]

4. Just the rumor that supplies were going to be cut or prices were going up

was enough to cause an IMMEDIATE hike in the pump price. But prices continiue to go up on the news that the supplies will be increased. All this proves is that the oil companies are gouging the public and there isn't a damn thing we can do about it because we don't want to do anything about it. That would mean a little bit of sacrifice!