HockeyDad
14 years ago
I guess the Saudis did not come to our rescue after all.



(Reuters) - Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.

A formal request from the United States to the UK to join forces in a release of oil from government-controlled reserves is expected "shortly" following a meeting on Wednesday in Washington between President Barack Obama and Prime Minister David Cameron, who discussed the issue, one source said.

Britain would respond positively, the two sources said.

"We regularly consult with the British on energy issues and any discussion that we had was in that context. We will continue to monitor the situation and consult with them and others," an Obama administration official said.

Rising world oil prices have pushed U.S. gasoline prices up sharply this year and threaten to choke economic recovery ahead of Obama's bid for re-election in November.
DrafterX
14 years ago
Did we use up all the Iraqi oil already..?? 😕
bloody spaniard
14 years ago
I don't think it'll come to this (at least not until AFTER Obama's re-election anyway) but I wonder how much the average American can afford to pay per gallon at the pumps before chaos ensues? Didn't the Energy Secretary (Foo Man) Chu want it at European levels ($8- $9/gallon) before he recently recanted? 🤥

That's one way of scaling down gas consumption. Bring back the bicycle.
z6joker9
14 years ago
The best way to reduce emissions is to increase the cost of gas. But people don't want that either. It's like people want to be socially responsible if it costs them very little or if it directly helps them (regardless of the cost to others).
DrafterX
14 years ago
Drill the Glades..!! 👍
DrMaddVibe
14 years ago

I don't think it'll come to this (at least not until AFTER Obama's re-election anyway) but I wonder how much the average American can afford to pay per gallon at the pumps before chaos ensues? Didn't the Energy Secretary (Foo Man) Chu want it at European levels ($8- $9/gallon) before he recently recanted? 🤥

That's one way of scaling down gas consumption. Bring back the bicycle.

bloody spaniard wrote:




Ahem...the Europeans pay that much for a LITER of fuel! A gallon would be more close to 3 times that amount!#-o
rfenst
14 years ago

Ahem...the Europeans pay that much for a LITER of fuel! A gallon would be more close to 3 times that amount!#-o

DrMaddVibe wrote:



300% more seems unintuitive. I doubt that is what europeans generally pay.
rfenst
14 years ago

Drill the Glades..!! 👍

DrafterX wrote:



Get that oil into the Loop Current all the way up the U.S. east coast; risk damaging Florida's beaches/biggest industry- tourism!
dubleuhb
14 years ago
Drill through the polar bears head if he don't get out of the way.
snowwolf777
14 years ago

300% more seems unintuitive. I doubt that is what europeans generally pay.

rfenst wrote:



I think a lot of the out-of-whack pricing on the European market is taxation for their many and varied socialist programs.
raymallen
14 years ago

I think a lot of the out-of-whack pricing on the European market is taxation for their many and varied socialist programs.

snowwolf777 wrote:



Which they still can't afford.... dare I say Portugal, Italy, Greece, Spain? PIGS!
DrafterX
14 years ago

Drill through the polar bears head if he don't get out of the way.

dubleuhb wrote:




[-x 😳 😳 😳
bloody spaniard
14 years ago

Which they still can't afford.... dare I say Portugal, Italy, Greece, Spain? PIGS!

raymallen wrote:




You left off Ireland & a few more even less significant countries.
Btw, not to belabor Spain's status because they will eventually fall thanks to their socialist government but they have the 4th largest economy in the EU & a debt load LOWER than Germany's (thanks in part to creative bookkeeping- lol). Forget about Greece, which is just a notch above Albania, once the Spanish go into default the EU "sabra lo que es canela"... 🙏
DrMaddVibe
14 years ago

300% more seems unintuitive. I doubt that is what europeans generally pay.

rfenst wrote:




Use the google...while you're at it look for a conversion table for English to Metric!
itsawaldo
14 years ago
Here is my solution to high gas prices, I am sure I will find lots of support for my unique way of dealing with $5 gas.

I propose that the Government create the Nationalized Employment Exchange Department (NEED) where the people that work in a town in which they don’t live exchange jobs so they can work in their hometowns. Let’s say I live in Schaumburg IL and I work in Deerfield Il, and that you live in Deerfield but work in Schaumburg, the NEED Czar would issue an edit that you and I switch jobs so we would reduce gas consumption and in turn minimize greenhouse emissions, and improve our own personal carbon foot print.

NEED would implement this program through the Employment Relocation Act (aka Obamajobs).

Currently unemployed, under-employed and those that have dropped off the unemployment dole will not qualify for this new exciting program. Those people will have to pay a yearly fine (similar to Obamacare) which would be equivalent to current FICA rates to help support future SS payments for refusing to “get a job”. Also any worker refusing the NEED Obamajobs program will be subject to an additional surtax on wages to help fund the program.

City, State and National Government employees would of course be exempt from any of these programs.

DrMaddVibe
14 years ago

Here is my solution to high gas prices, I am sure I will find lots of support for my unique way of dealing with $5 gas.

I propose that the Government create the Nationalized Employment Exchange Department (NEED) where the people that work in a town in which they don’t live exchange jobs so they can work in their hometowns. Let’s say I live in Schaumburg IL and I work in Deerfield Il, and that you live in Deerfield but work in Schaumburg, the NEED Czar would issue an edit that you and I switch jobs so we would reduce gas consumption and in turn minimize greenhouse emissions, and improve our own personal carbon foot print.

NEED would implement this program through the Employment Relocation Act (aka Obamajobs).

Currently unemployed, under-employed and those that have dropped off the unemployment dole will not qualify for this new exciting program. Those people will have to pay a yearly fine (similar to Obamacare) which would be equivalent to current FICA rates to help support future SS payments for refusing to “get a job”. Also any worker refusing the NEED Obamajobs program will be subject to an additional surtax on wages to help fund the program.

City, State and National Government employees would of course be exempt from any of these programs.

itsawaldo wrote:




Ahem...the SEIU and other large labor unions will HAVE to be exempt too!
drywalldog
14 years ago
Le Hockeydad has returned!
raymallen
14 years ago

You left off Ireland & a few more even less significant countries.
Btw, not to belabor Spain's status because they will eventually fall thanks to their socialist government but they have the 4th largest economy in the EU & a debt load LOWER than Germany's (thanks in part to creative bookkeeping- lol). Forget about Greece, which is just a notch above Albania, once the Spanish go into default the EU "sabra lo que es canela"... 🙏

bloody spaniard wrote:



I'm in an investment fund at my university with a few select students who over see a 280k portfolio. We were discussing ways to profit from Greek default today haha.
Rclay
14 years ago
Are you interested in gas? It all started when I was just thirteen years of age. One day while walking with some friends I accidentally cut the cheese. Well, in my adolescent awkwardness, I blamed it on an old gypsy woman who happened to be passing by. Big mistake! The gypsy woman placed a curse upon my head. Because I had smelt it, she decreed that I would forevermore be... he who dealt it!
rfenst
14 years ago

Use the google...while you're at it look for a conversion table for English to Metric!

DrMaddVibe wrote:



Bloomberg says: between $8 and $8.50 per GALLON.
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