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Re: One Opinion

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Gee, I can do math too.  If current consumption is, as you claim,  80 million barrels per day and we add another 3 million per day, why the total is now 3.75% greater.  Do you really think that that will translate into prices dropping back down to $25?  Come on!
 
First it was claimed that President Bush was going to have a secret deal to LOWER oil prices so that he would be re-elected.  Now, the claim is that he has a secret deal to INCREASE oil prices.  And the oil companies are supposed to be making incredible profits both ways.  Nothing like covering all of the bases.
 
But when folks are not interested in actual facts, well ......
 
David Finley
 
 
 
----- Original Message -----
Sent: Thursday, October 28, 2004 8:40 AM
Subject: One Opinion

I wanted to share the following thought from my friend. Interesting?
 
Rajendran
 
"Crude oil prices topped $55 per barrel a few days ago. The world consumes about 80 million barrels per day. Before Bush's misadventure into Iraq, the prices were in the $20s. You can calculate the direct impact of these unheard of increase in oil prices --- lets say $25 is the right price absent Iraq disaster and the $30 bump is equal to $2.4 billion per day or about $876 billion per year!!!! What a disaster ; pray for a fresh start on November 2nd. I can see arguements coming forth that the steep increase in oil consumption in China is the principal reason for the price increase but I think it is baloney. If Iraq were to pump 3+ millions per day, the price will drop like a rock. In the meantime, the oil company cronies of Bush are laughing all the way to the banks. What is the real incentive for Cheney to get peace in Iraq/world  and lower the oil prices?"


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