POST SCRIPTS

It's understandable that suspicions rise when our wallets are under assault but here's some food for thought from the guys over at NewsMax.com

"Oil prices dipped back below $70 a barrel Thursday after BP PLC officials said the company's Prudhoe Bay output, which was halved to 200,000 barrels per day because of pipeline problems, could be restored earlier than expected."

"Another concern for the market is Nigeria, where two oil workers' unions called for a three day strike in Africa's biggest crude oil producer."

"However, supply concerns were tempered Wednesday after U.S. Department of Energy data showed U.S. crude-oil inventories rose 2.4 million barrels last week to 332.8 million barrels, or 6.2 percent above year-ago levels. Gasoline inventories rose 400,000 barrels to 206.2 million barrels, or 4.6 percent above last year's levels."

"Saudi Arabia’s oil minister Ali al-Naimi is warning that oil price hikes and global oil demand could soon disappear.In fact, he is also warning that oil prices could easily “plummet� in the near future. Ali al-Naimi said prices could plummet if an economic crisis drives industrialized nations to find other sources of energy, citing the 1980s – when oil prices dropped by 80 percent after such nations reduced their dependency on oil and turned to alternative energy sources. 'Global economic growth may not continue at the same good momentum for years to come,' al-Naimi said at the opening of a four-day conference of Arab energy ministers in Amman. 'We should be careful and not take expectations as indisputable, especially the continuation of big demand for oil and its prices remaining at the same level or increasing,' he said."

"In fact, the U.S. government admits that crude oil inventories are at 7 year record high -- with 343 million barrels of oil stockpiled in the U.S. alone!"

When the president speaks people listen. One item in his State of the Union Address was America's addiction to oil and he expressed the need to find alternatives. Where America goes, others often follow. The Saudi's are smart enough to hear the sound of an empty piggy bank not rattling. "Let not your hearts be troubled."

The only reason gas prices are a bit down, is that the GOP (Grand Oil Party) are trying to win elections in November. We will continue to see the slide downward by the GOP's paid off oil puppets until the November election which will throw the GOPers out of office. All their efforts to pull oily strings will have failed. People aren't that stupid anymore, especially after their pocketbooks have been robbed.

Metallicsky...you're a doodle...
but before you get rediculously holier than thou, you might want to look into Al, BIG GREEN, Gore's BIG OIL connection...been connected to Armand Hammer's Oxydental Petroleum for decades.

You have to be one point shy of a moron to believe that one man, even if he is the president, can control what Arabs, Venezuelans, Mexicans, Canadians, for instance, decide to charge for their oil...and what every station, dealer, offshore driller, refinery or little pump on granny's plot in Texas will charge. And then there's all that lovely tax.

A little knowledge can be dangerous but no knowledge at all...it's positively lethal.