Well, you can relax and go ahead and vote for McCain this fall...

[cliffordu]

:sarcasm:


It looks like the Saudis are going to increase oil production so we can keep up the status quo...




http://www.iht.com/articles/2008/06/14/business/oil.php

[high density]

1. I guess they figure if they get too greedy

Then they'll be completely out of business sooner rather than later.

[cliffordu]

2. Everytime I hold out hope that we'll DO something about changing

our addiction to the "Texas Tea" due to the pain, the profiteers relax their grip a little and everyone goes back to sleep.

[high density]

3. Yep

As my Republican crude oil tanker captain uncle says, "There's no shortage; buy all you can afford."

[Raine1967]

4. There is an interesting thing to think about here.

The saudi's have said there is not a shortage... Supply and demand are being met.

The thing is -- the oil specualators are actually driving up these prices. The oil companies are reaping the profits. I am no fan of Opec, but it is important to know that,. SO, with that line of thinking, if the Saudi's increas production, and oil STILL goes up, they can say... 'SEE? I Told you so. This isn't us, it is american hedge funds',

[Rosemary2205]

6. They also know they can make more money per barrel and pump like crazy.

[JuniperLea]

5. They are such kind overlords!

Ugh...