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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (75997)	7/21/2008 10:15:09 PM
From: epicure	Respond to of 541957

How about that massive oil lobby money? That's a tad greater than the "massive" environmental lobbyist money. Maybe you should send the oil lobbyists a check so they can do a better job though...

To: greenspirit who wrote (75997)	7/21/2008 10:16:35 PM
From: Cogito	Read Replies (3) \| Respond to of 541957

>>As I said previously, the price of oil is largely based on perception. Future supplies impact that perception, as do a dozen of other things such as; whether stability can be maintained in Nigeria, if Iran will continue their march against the U.N., whether Venezuela will lead toward a dictatorship similar to Cuba, or even how many hurricanes we'll see in the next year. One major factor is whether American politicians have the will to cast aside massive environmental lobbyist money, in favor of supporting common sense environmental protection that allow for the extraction of oil and natural gas from within the U.S. borders.<< Michael - Some unordered thoughts: It's all based on perception? Gee, why do all the oil company CEOs say that it's just a matter of supply and demand? Do you honestly think the environmental lobby has more money than the oil lobby? Really? Moreover, given that no relaxing of environmental regulations will result in increased oil supplies for ten years, how do you think current spot prices will be affected by that? The longest futures contract doesn't come close to that span of time. For the most part, people are looking at the next six to twelve months. - Allen