Tuesday, April 25, 2006

I’m Going To Pump You Up

President Bush says he is trying to ease gas prices. He says the US will probe price gouging and halt deposits to the reserve. Neither one will work.
There is one common denominator in all of this. Watch the “Oil Futures”; are they up or down? A savvy investor wants to know what happened to drive the future prices in any particular direction. If the future supply of a commodity like oil is seen to come up short then the price goes up.
The market is nervous and has been for three years. One reason is the rising worldwide demand for oil. The other reason is fear that short supplies will create higher prices and higher prices will trigger inflation. Fear is a major component of the rising oil prices; what causes the fear? Nigeria’s civil unrest is targeted at the Oil Companies resulting in a shortage of oil. Iraq is pumping less oil today by 50% than before the US invaded. Our foreign policy towards the democratically elected government of Venezuela causes the market to worry about future supplies to the US. The US Government’s attitude is remarkably similar to Iran as it was prior to the invasion of Iraq. Oil Traders and Investors are worried. Sounds a lot like a failed foreign policy has sent a shiver through the markets, which are clearly worried that future oil supplies are in jeopardy. The net result is you pay more at the pump today.

Tuesday, April 11, 2006

Fool Me Once.......

Seymour Hersh told CNN that the White House has spurned Tehran's overtures for dialogue.
"This president is not talking to the Iranians. The Iranians are trying very hard to make contact, I can assure you of that, in many different forms," Hersh said.
"He's not talking. And there's no public pressure on the White House to start bilateral talks with Iran. And that's what amazes everybody," Hersh said.
We heard this before, that the President was “exhausting “ all avenues of diplomacy to assure a peaceful resolution. I didn’t believe it then and I don’t believe it now. I don’t trust Bush and here is why: The president has stated recently in answer to questions about the shifting rational to invade Iraq that Saddam would not let the inspectors in and, or would not cooperate with the inspectors. That is completely false. The inspectors were in Iraq; there was full cooperation from the Iraqis before the war. In fact the UN wanted to give the inspectors more time because of the unprecedented access and cooperation. However, the plan was to invade and depose not to find a peaceful solution to disarm Iraq, which is another story.
Demand bilateral talks with Iran, do not let Bush fool us again we cannot afford to start another war. If you care about our sons and daughters who will have to fight another strategic blunder then make a very loud noise for bilateral talks. Make sure that the Senate and the House know exactly how you feel. We have had enough dissembling