Friday, May 16, 2008

Notes and Oil Rant

Another quick TC4 note, did anyone else think that even Judge Tom thought a boxed lunch was a ridiculous challenge? It really was a stupid idea, so I wouldn't blame him.

Meanwhile, this is the scene that happened today on my way to work:
I turn to WBBM radio to get some news while other stations are at commercial.
A car turns onto Halsted in front of me....a slow moving old man driving some old guy car.
Shit. C'mon dude....drive your f#$!%&$ car or get off the road!!
"Fatality figures have been revised up due to the devastating cyclone that ripped through Myanmar."
Ok, maybe the dude in front of me isn't really that big a deal. sigh.....


In this day and age of high gas prices, there are many emails floating around on how to save gas. I refer you all to this website provided by CNNmoney.com. Hopefully they have not been influenced by the oil companies.

Speaking of oil, I seriously hope that Bush is in Saudia Arabia trying to get them to pump more oil as a way to placate the masses here in the U.S. and not as a move to actually reduce the price of oil anywhere. It's generally known (by those who need to know) that Saudi oil is pretty "dirty", more of the Budweiser of the oil world, where light sweet crude is what is really needed. Though that's only part of the whole story. What we really needed was more gas refineries here in the U.S. and they needed to be built 10 years ago. Instead, through consolidation of Big Oil during a time of low gasoline prices, facilities were being leveled. Their thought, as with any industry with few players, if you reduce or control the supply, given a constant demand, the price will increase. Well, that worked!! Combine that with oil actually going up 3x-6x in price and you have some huge, huge profits. It's good to be king.

1 comment:

Anonymous said...

Nice oil analysis. But don't forget all the "we don't want it in our back yard" advocates who make building any energy related project an ordeal.