unimpressedpragmatist

Ike vs. Refining Capacity and Oil Price

Let us not forget or diminish the impact of the Democrats in Congress running scared and agreeing to drill off shore. When they took their misguided 5-week vacation, they got their butts kicked by their constituents who are beginning to realize that it's not a good idea to elect Democrats to office.

Please note that oil is down $4.49 to $96.69, this morning. It appears that IKE did not effect refining as much as the oil wonks wished it would. And, people are using less and less gasoline and diesel as the gouging by Big Oil continues at the pumps. Are we to go into mourning for EXXON, et al as their quarterly profits plunge? Excuse me while I go into hysterical laughter over their situation.

Three Charts To Ponder: Oil Services, Oil, and the Pound

Charts, smartz! The only thing to consider is reality in the present. If the Dems get their hats handed to them in November, as they should, after two years of screwing up the economy and using blather and mindlessness as their tools, the Repubs must show they are, truly, dedicated to establishing energy independence for the nation by implementing their promise of Drilling Here, Drilling Now, and Paying Less. Then, oil prices will plunge below $70, as low as $50(?), and the chartists will have cornered the market on toilet paper.

If there is any intelligence in the electorate, so shall it be. If not, there is no hope for this nation. But never fear, the chartists will show us the way to oblivion.