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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (24522)	6/24/2008 2:00:35 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

"We need to seriously heed Saudi's claim that the oil is being hoarded by those secret energy" Like saying "We need to seriously heed Bush's claim that WMDs are being hoarded by SH". Do you really trust the Saudis to be more honest than the Shrub? You should be so lucky. Cheer up, the Celestial Tanker is about to arrive and refill us. Drill off my coast? Hell no. Not in my lifetime. Wave power is a different story. Message 22720947 No cars in China... Message 24637330 Chinese fuel shortages spreading to big cities Mar 24, 2008 08:48 AM Elaine Kurtenbach THE ASSOCIATED PRESS SHANGHAI, China – China's leaders are facing renewed pressure over shortfalls in diesel fuel and gasoline, with lines growing at filling stations in major cities Monday as the gap widens between international crude oil and centrally controlled fuel prices. The shortages, first reported in southern and inland China, appeared to be spreading to wealthier areas in the north and east as filling stations struggled to get shipments from refiners. Four stations contacted Monday in Shanghai said their daily diesel shipments had not yet arrived Message 24443482

To: ChinuSFO who wrote (24522)	6/24/2008 2:42:02 AM
From: Wharf Rat	Respond to of 149317

Remember Congress saving us by stopping the SPR fill-up? 75K BPD? "House, Senate Vote To Suspend Filling SPR. Wed. May 14, 2008." Gonna drop the price a couple bucks? Gas may go down 20 cents? Barring major world-wide demand destruction, we will never have more oil available than we do now; or we had in 2005. === The good old days, two days after Congress saved us. When gas was 50 cents cheaper. This is what happens when there isn't enuf to go around.... 3:55 a.m. May 16, 2008 RIVERSIDE – The rising price of crude oil pushed the cost of a gallon of gasoline in the Inland Empire to a record high Friday, the Automobile Club of Southern California reported. The average price of a gallon of self-serve regular unleaded gasoline in Riverside and San Bernardino counties is now $3.935 – 3 cents more than last week, 14 cents more than last month and 46 cents more than at this time last year. This is the sixth time in the past seven weeks the average price has set a record. “Oil industry analysts point to continued spikes in crude oil prices, which have enormously increased the cost of producing gasoline, as the cause of this continued price surge,” Auto Club spokesman Jeffrey Spring said. The price of a barrel of light, sweet crude rose to a record $126.98 on the New York Mercantile Exchange Tuesday. The price closed at $126.02 Thursday. signonsandiego.com === What do you think China will do? China seems intent on filling up its reserves, despite soaring oil prices. In February, China filled the first of four planned above-ground storage tanks. The site, in Zhejiang province south of Shanghai, stores a reported 32 million barrels of oil. China aims to stockpile reserves to meet domestic demand for some 25-26 days, says Yan Kefeng, a Beijing-based analyst with Cambridge Energy Research Associates. That's down from a 35-day goal set in 2004, because China's consumption has grown to about 8 million barrels a day. China will use over 10 million a day by 2012, IEA estimates. investors.com