Oil Closes Above $100
Posted by Michael Link on February 19, 2008 at 04:38 PM
First time ever.
From CNBC: "U.S. crude oil futures settled at a record $100.01 a barrel on Tuesday, after surging to a record high of $100.10 intraday on refinery snags, a weak dollar, and concerns about supply from Venezuela and Nigeria and amid expectations OPEC will not increase output in March."
And speaking of record costs, there are also record profits. Flashback: $75,616,438.36 a day.
Updated by Matt Ortega: Of course, we have nothing to worry about because, as Mitt Romney pointed out before the U.S.S. Mitt crashed into a Super Tuesday iceberg, "Bush got us off of foreign oil."
So glad we dodged that bullet. Whew!
Comments - 7 »
Comments - 7 «
Michael,
At least Mitt knew it was about oil. McCain still thinks it's about Radical Islamic Terris.
Posted by SandyH on February 19, 2008 at 07:15 PM
Michael,
At least Mitt knew it was about oil. McCain still thinks it's about Radical Islamic Terris.
Posted by SandyH on February 19, 2008 at 07:18 PM
This is how one leaves Iraq...
Australia says job is done for soldiers in Iraq
By Rob Taylor
CANBERRA (Reuters) - Australia's top military commander said on Wednesday the job of the country's combat soldiers in southern Iraq was done, bolstering a government decision to bring them home mid-year.
Ahead of weekend talks in Canberra with U.S. Defense Secretary Robert Gates on the planned withdrawal of 550 soldiers, Air Chief Marshal Angus Houston said Iraqi forces had not needed Australian backup for two years now.
"The situation on the ground in Al Muthanna and Dhi Qar (provinces), the Iraqis are taking care of business," Houston told a hearing before Australia's upper house Senate.
"The conditions on the ground have been established whereby we can leave them to it and, because we have influenced their training, we are very confident in their ability to handle the circumstances in those two provinces. The job is done."...
news.yahoo.com/s/nm/20080220/ts_nm/iraq_australia_dc
If the surge has worked like magic, I suggest we wave the wand and make our troops disappear.
The Australians appartently feel good about their performance. What's wrong with the job our troops have done? Why do they have to stay another 100 years looking for Bin Lauden when we know he's never been there?
Perhaps because the majority of the radical Islamic terris are in Saudi Arabia not Iran?
It's obvious by their actions that the Iranian are not interested in going into Iraq. Why should they? They are planning on going into space instead like the rest of the advanced technological world...that is those that believe in evolution and science not creationism and intelligent design.
Posted by SandyH on February 20, 2008 at 01:12 AM
There is absolutely no excuse for Oil being this high. This entire war was created because the Oil companies that got Bush elected wanted to cut off oil supplies from Iraq and increase profits. Bush and Cheney should be impeached and imprisoned for their gross incompetence, and rackateering.
Posted by chambax2 on February 20, 2008 at 01:53 AM
Even if the surge is working, it is not time to pull out. Think about it: a lot of Iraqis were killed as a result of the Bush blunder. We killed many in our attacks and bombings. Do we leave a country a mess after we fight or do we help it rebuild? Our history is to help a country rebuild. The idea is an honorable withdrawal and that includes leaving the Iraqis with enough rebuilt infrastructure that they can begin to function as before. Right now I believe they have prox only 8 hours a day of power. The Aussies did not start this mess; we did. We have an obligation to repair what we have ruined. Creating a government is the Iraqis job; getting the country back functioning is ours. Our military have engineers of all kinds and soldiers who can be put to work rebuilding. Setting a definitive withdrawal date, especially if its 2009 or 2010, is unrealistic. Should we leave any country unable to function on its own after we invade, our international reputation would be worse than it is now. McCain is right; O and Hillary are playing to votes and emotions.
Posted by geetoo on February 20, 2008 at 05:56 PM
They can take their oil that bush and cheney have been stealing and rebuild their own country. We are popped, and have our own infrastucture problems. Their leader is in bed with bush and is his puppet, time to go, if they want honest government they will have to get rid of his puppet. They will be fighting over that oil for the next 200 years.
Posted by newsjunkie on February 25, 2008 at 01:12 PM
well, we can't get the country functioning unless the government is functioning. Right now, the government is barely even functioning. But the contractors and engineers have to constantly deal with possibly being attacked in this civil war. We can't fix the country until the government and factions within the country decide to deal with their differences and start the long process of fixing the country. Then under those circumstances we could be the most productive with the Iraqis help.
Posted by Darien on February 27, 2008 at 12:56 PM
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