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Bush FILLING Oil Reserves at RECORD PRICES

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jackstraw45 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:14 PM
Original message
Bush FILLING Oil Reserves at RECORD PRICES
Wow. Good deal for the taxpayers again... :eyes:

Anything to give another buck to his oil buddies....

http://www.quicken.com/investments/news_center/story/?story=NewsStory/dowJones/20040517/ON200405170007000005.var&column=P0DFP
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billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:16 PM
Response to Original message
1. Bush should say
I'M an OIL pResident.
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Whalersfan1 Donating Member (11 posts) Send PM | Profile | Ignore Mon May-17-04 10:06 PM
Response to Reply #1
20. Big oil

Time to buy XOM!
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Alerter_ Donating Member (898 posts) Send PM | Profile | Ignore Mon May-17-04 10:13 PM
Response to Reply #20
23. $3.00 a gallon by summer, Prince Bandar to the rescue
Now that we know Riggs Bank, CEO Jonathan Bush, laundered the terrorist money for 911 into America, they don't even bother to hide their corrupation do they?
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shraby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:16 PM
Response to Original message
2. He needs it filled so
he and his friends will have plenty for themselves to use when it all dries up.
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billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:17 PM
Response to Reply #2
4. OR
He can dump it on the market in Oct. to drive the price down.
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MallRat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:20 PM
Response to Reply #4
8. He'll be called on it.
If the seasonal price cycle starts to bring prices down in the fall, and if only THEN Bush decides to open up the reserves as his October surprise, you're going to see all hell break loose.

No one is going to fall for it.

-MR
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billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:27 PM
Response to Reply #8
11. Thats why I mentioned it.
If we already expect it it wont be a surprise!
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lanparty Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 06:08 PM
Response to Reply #2
18. Nope ...

He's driving up prices. So the only thing he has to do is stop buying and release the reserve before the election.

Once again, Bush is losing BILLIONS on oil deals.
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Whalersfan1 Donating Member (11 posts) Send PM | Profile | Ignore Mon May-17-04 10:08 PM
Response to Reply #2
21. the big oil companies are public

If you think people are going to get rich -
Buy stock in the oil companies.
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MallRat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:17 PM
Response to Original message
3. Buy high, sell low!
Is this the best Yale and Harvard Business School have to offer America?

:dunce:

-MR
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billybob537 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:18 PM
Response to Reply #3
6. You can't blame this on Harvard.
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 05:07 PM
Response to Reply #3
16. It's that famous Bush business acumen
Responsible for his 'success' at Arbusto, Spectrum 7 and trading Sammy Sosa away.

And as you can see, he's applied it to both the US economy and the federal budget as well.
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Tandalayo_Scheisskopf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:17 PM
Response to Original message
5. One of the biggest reasons...
Oil prices are so high. All of this is being pulled of the market and getting pumped into salt domes.



Market manipulation and corporate welfare in one swell foop.
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wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:19 PM
Response to Original message
7. Could he be any more stupid?
Edited on Mon May-17-04 04:19 PM by wryter2000
Not only is he buying gas when it's expensive, but taking that gas off the market will drive the prices higher at the pump. Maybe the a-hole doesn't want to get "re-elected."
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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:42 PM
Response to Reply #7
14. No no no
Didn't you hear? Buying all this gas is going to help the prices go DOWN. That's the spin he's giving. And the sad part is that a lot of Americans will believe him.

:dunce:
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:22 PM
Response to Original message
9. I'm surprised * didn't fill the tanks before 9/11...
Or, if they had been filled, who drained 'em? And why? NASCAR?

I don't know. This could be more lies surrounding peak oil too. Assuming peak oil isn't a hoax. We all know that "no more oil", when it happens, means the end - period. Peak oil is at least up for debate.
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damnraddem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:26 PM
Response to Original message
10. Well of course he is --
it's the best way he knows to keep oil prices up till just before the election.
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Pepperbelly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:32 PM
Response to Original message
12. the dirty son of a bitch! I knew he was doing this but ...
the arrogance and incompetence demonstrated by this is fucking OUTRAGEOUS!

Remember this: Clinton had no energy policy.

Horseshit! $15/brl and 90 cent gas is plenty of policy compared to these rat bastards.

:nuke:
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jackstraw45 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-04 12:40 AM
Response to Reply #12
24. This gets no press of course
Edited on Tue May-18-04 12:40 AM by jackstraw45
Clinton using the reserves was front page news.

Bush, filling them at a RECORD cost to taxpayers doesn't even make the paper....

Meanwhile...update on the Kobe Case at 11...

Corporate media strikes again!!!
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NewYorkerfromMass Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:33 PM
Response to Original message
13. correction: Bush/Cheney
and the rest of the energy cartel.
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xultar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 04:43 PM
Response to Original message
15. Reason!! They know another 9/11 is coming. We will need it! n/t
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Media_Lies_Daily Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 10:11 PM
Response to Reply #15
22. They don't care whether or not another 911 is coming...
...that's just scare talk to keep the sheeple all nervous and agitated. The NeoCons are really getting ready for another year of military campaigning in new countries like Iran and Syria once the rigged election is over.
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Jose Diablo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 05:17 PM
Response to Original message
17. How do we know the oil purchased for the reserve
is going into the ground. Is there some kind of fuel guage in a shack?

Seems like *Bush has been filling the 'reserve' a lot this year.

For all we know it could be bought, diverted and resold/rebought.
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killbotfactory Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-04 06:29 PM
Response to Original message
19. I am kicking myself for not buying energy company stock when Bush was...
selected.
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PeaceProgProsp Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-18-04 12:53 AM
Response to Original message
25. Please lord, bring an end to this oiligopoly. Please give us back
our democracy.
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