These are short common sense opinions on today's (and yesterday's) news to counter the bulldroppings fed you by the liberal media. Sometimes I don't have URLs to news items, but I will give them to you when I can. Publishers are encouraged to use items from this blog by simply retaining my copyright indicia. Please let me know at raythomas101@yahoo.com when you do.
Saturday, May 10, 2008
Oil "Boom" to Go "Bust"
Like the "boomlet" just before the "great depression," pressure is mounting for lower oil prices globally. Soon, it's going to "go bust," according to Lehman Bros. They predict $83 a barrel oil in 2009 and $70 a barrel in 2010. Which is STILL way higher than it was before. Hillary blames the oil companies, who seem to be making "record profits" because her liberal buddies in the environmental racket won't allow any new refineries to be built in the U. S., nor any oil to be drilled for there, either. So the money that would normally be spent to find and refine oil stays in their bank accounts. That's HER fault, not theirs. Meanwhile the government, at all levels, goes on making MORE PROFIT than the oil companies on the same oil--WITHOUT any investment. (Lehman Bros.)
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