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May 23, 2008

“Sheer force of personality”

Posted in: BushCo, Oil

My extra virgin olive oil [the Purity Ball of viscous fluids] is getting really pissed for having kept its chastity while "crude" oil is doing this:

Oil prices found support Friday in Asia in worries that supply can’t keep up with growing global demand, after tumbling around $4 overnight from a record above $135 a barrel.

The July contract for light, sweet crude on the New York Mercantile Exchange rose to a record $135.09 a barrel in electronic trade on Thursday, but then fell back sharply to settle at $130.81 in the later floor session as the dollar strengthened and gave some investors reason to sell oil futures to lock in profits.

Midday Friday in Singapore, oil was up 35 cents at $131.16 a barrel in electronic trading.

The concerns about falling supplies and rising demand are expected to keep propelling prices higher in the days and weeks to come.

This brings us back to a simpler time before we were overcome by simple men:

Gov. George W. Bush of Texas said today that if he was president, he would bring down gasoline prices through sheer force of personality, by creating enough political good will with oil-producing nations that they would increase their supply of crude.

If it wasn’t so pathetic, you’d laugh yourself to death.

That was late-June 2000. The price of a barrel of oil was about $30 a barrel. It remained at about $30 a barrel well into March 2003 when the Bush made his awesome, "Let’s invade Iraq" declaration.

Eighty-eight long-months later, we’ve all learned that George Bush’s personality is best suited to highlight how he ruins everything he touches.

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