Gas May Soon Cost $7 and $10 a gallon...

[Bouncer]

Saudi seeks meeting to tackle high oil prices

RIYADH, Saudi Arabia - Saudi Arabia will call for a summit between oil producing countries and consumer states to discuss soaring energy prices, Information and Culture Minister Iyad Madani said Monday.

The kingdom will also work with OPEC to "guarantee the availability of oil supplies now and in the future," the minister said following the weekly Cabinet meeting, held in the seaport city of Jiddah.

The Saudi announcement comes just three days after the biggest single-day price leap ever, when oil surged more than $11 to surpass $139 per barrel.

Retail gas prices rose further above $4 Monday in the United States, the world's largest oil consumer, following the unprecedented price rally.

The kingdom will work to ensure there will be no "unwarranted and unnatural oil price hikes that could affect international economies, especially those of developing countries," said Madani.

"There is no justification for the current rise in prices," he said.

Full Story: Saudi seeks meeting to tackle high oil prices - Yahoo! News

[redsquirrel]

Oil Prices Jump $6, Sending Stocks Down Sharply

http://www.nytimes.com/2008/06/07/bu...hp&oref=slogin

This is my favorite part:

"The spike came despite no specific disruption in the oil market, suggesting that the move was based on speculation"

Just pisses me off. We can no longer continue to allow our government to sit back and make us look like idiots. They are doing this right in front of our faces, and we just watch.

Let's raise prices on "speculation". Unbelievable. No shortages, no surge in demand....

The even funnier part about this, is Asia, and other surrounding countries are building coal & nuclear plants to help with their own energy crisis. So, this is just another BS reason for investors to cash in. Their demand hasn't increased because they are finding ALTERNATIVES.

Why every other country in the world has started production of such alternatives, and we haven't is simply beyond me

[Bouncer]

Oil Prices Jump $6, Sending Stocks Down Sharply

http://www.nytimes.com/2008/06/07/bu...hp&oref=slogin

[Bouncer]

Both of you need to find more intelligent ways of expressing yourself or shut the hell up.

lol. how about you SUCK MY COCK IDIOT! then put a gun barrel up your ASS!

[Shibby]

Both of you need to find more intelligent ways of expressing yourself or shut the hell up.

[NYCmitch25]

do you feel better now? it bet you'd like that queer

why dont your respond to my original post if you disagree instead wasting all our time with this. you got nothing

YOU IDIOT


you dont need to reply.

[NYCmitch25]

do you feel better now? it bet you'd like that queer. why don't you go back to mashing your boyfriends face the pillows on your couch and leave the politics to the adults :)

why dont your respond to my original post if you disagree instead wasting all of our time with this. you got nothing

[toolwtf]

go fuck yourself motherfucker. why do you do us a favor any swallow a shotgun barrell faggot.

How abot you SWALLOW MY COCK! YOU FOCKING IDIOT!

[Shibby]

I'm not sure I understand your question. The $1000 tax break would mean you pay taxes on $1000 less, which would hopefully yield a little bit higher of a tax return. This would be in addition to the standardized deduction amount, if that's what you take. People who make over $75k aren't supposed to be impressed but this- I'm not following you here. The increase in the Social Security tax for people who make over the $75k is going to be used to help people continue to receive it. Otherwise it's going to run out in 2017. So, what Obama is trying to do is impose a little bit higher tax for those who can afford it in order to keep Social Security alive. I'm not saying I'm a supporter of this idea, but I do see how it can do some thing good for the country. Maybe give people al ittle more money back on their return, and allow Social Security to keep paying it's recipients.

I guess I confused you since I am confused. What I am asking is if they are giving these people an insignificant tax break, what is the point other than mocking their intelligence. As if the politicians think the 75k+ people are to stupid to realize the tax break really won't make a difference but they will like the way it sounds. On the other hand if the government kept the money and did something productive with it ( I know this is a long shot) then the 75k+ people and the rest of the country will benefit more.

[Bouncer]

go fuck yourself motherfucker. why do you do us a favor any swallow a shotgun barrell faggot.

no fuck you faggot fuck motherfucking faggot fuck fuck fuck fuck.

[NYCmitch25]

please do us all a favor and never talk about politics again... YOU IDIOT!

go fuck yourself motherfucker. why do you do us a favor any swallow a shotgun barrell faggot.

[Bouncer]

hey red, i think you should say the words "sickening" and "disgusting" a few more times to your posts. it really ads a nice visual. :P

[redsquirrel]

people are protesting in Europe.

BBC NEWS | Europe | Europe fuel protests spread wider

GOOD!!! At least people are startinng to wake up and get smart about the whole thing!

The fact that we allow our governments to allow these huge oil companies to get away with this is sickening. And, until more people continue to protest, it's not going to change much.

I didn't live in the 60's, but I do know the 60's represented a revolution. It's time to go back to those principles again- it's time to take the control back of our government from big business & big brother. We have let this go on for too long.

[Bouncer]

people are protesting in Europe.

BBC NEWS | Europe | Europe fuel protests spread wider

[redsquirrel]

Am I understanding this right? Is it just me or does a $1000 tax break just seem like a mockery. I make less than 50k and that wouldn't do shit to improve my life. How would someone making 75k+ going to be impressed by this? Take that 1k from everyone and do something good for the country and I think it would make a much bigger difference in everyone's life.

I'm not sure I understand your question. The $1000 tax break would mean you pay taxes on $1000 less, which would hopefully yield a little bit higher of a tax return. This would be in addition to the standardized deduction amount, if that's what you take. People who make over $75k aren't supposed to be impressed but this- I'm not following you here. The increase in the Social Security tax for people who make over the $75k is going to be used to help people continue to receive it. Otherwise it's going to run out in 2017. So, what Obama is trying to do is impose a little bit higher tax for those who can afford it in order to keep Social Security alive. I'm not saying I'm a supporter of this idea, but I do see how it can do some thing good for the country. Maybe give people al ittle more money back on their return, and allow Social Security to keep paying it's recipients.