Monday, March 03, 2008

Taking a Break...

I have to take a break from the political news of the day. Stanley Fish writing about how Obama will get slammed by McCain.

Clinton's campaign volunteers are old and entrenched and Obama's "remarkably self-generating".

I have to take a break.

So I read the business news. I love stocks, the market, all the stories of the day. Here's a little diddy for you all. Oil has reached an all time (inflation adjusted) high of $103.76 a barrel.

Nice, huh? Guess what that means for you at the pump this summer? You thought 3 bucks a gallon was a lot? Think again.

And through this, Exxon Mobil is now at the Supreme Court of the United States of America trying to weasel out of paying for the Valdez crash almost twenty years ago.

Clearly, 40.6 Billion dollars PROFIT in 2007 was barely enough to pay the rent.

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16 Comments:

Anonymous Anonymous said...

Yes...take a break. We all need a break! Unfortunately, there's only more bad news.

The oil prices are absolutely insane. It's interesting that no one saw this coming?! Dems and Repubs are playing along with it all. Funny enough, it was the Japanese that were the first to introduce the Hybrid car. After the Japs, American companies starting catching on. What's up with that? The truth is we Americans are being played and used. over and over.

2:51 PM  
Blogger phil_in_ny said...

I agree Sara. Whats to write about at this point?

Politics is gridlocked at the moment, and how many times can we beat the race to death? Yawn.

My issue right now is trying to find an once of like for Obama incase he sweeps tuesday. I really can't stand the man. I can honestly say this is the first election that I'm not excited about the democratic front runner.

3:22 PM  
Blogger Sara said...

dunno, Phil... I'm having that NH feeling about Clinton... I think we might all be surprised and end up Wednesday morning with no more of a clear winner than we have today...

3:24 PM  
Anonymous Anonymous said...

i hope you're right sara!!

3:37 PM  
Blogger Sue J said...

Hang on to your wigs! New polls:

Ohio Poll: Clinton, McCain projected to win primary

Suffolk poll: Clinton leading in Ohio

Ohio polls show Clinton with edge

So, pass the Alka Selzter!

4:02 PM  
Blogger m. cacioppo said...

yikes... im already having major butterflies in my stomach about tomorrow.

speaking of mccain beating obama.. a new rasmussen(sp?) poll shows it would basically be a tie in NEW JERSEY of all states if it were those two.. where as if it were hillary, she would win nj by about 11 points, easy.

obviously.. just speculation, but something ive been talking to people about when they bring up the polls that speculate an obama win in november, like they have forgotten about the electoral collage, i think people would be surprised when it comes to certain blue states being a toss up or going red for mccain, the 'moderate' republican choice. hmmm. just an idea.

5:10 PM  
Blogger Maria said...

I'm allways amazed at your prizes on fuel. In Norway we pay 12 kroner per litre, wich would be aproximately 8 bucks a gallon. What are you guys complaining about!?

5:51 PM  
Blogger m. cacioppo said...

wow, 8 bucks huh?

how long has it been that high over there?

i think the fact that when i started driving, less than ten years ago, i could get gas for 88 CENTS a gallon, is part of the reason people are complaining...

8:30 PM  
Blogger Lula de Montes said...

A good 7 bucks a gallon here. My gas and electricity bill, monthly, has gone up 75 USD in the last six months (I now pay 310 USD a month to heat our old schooner of a town house). I reflected that we are fortunate in that there are two of us, and we can easily assimilate this price hike (75 USD is half of a supermarket run for the week, when you think of it). But how does a single mother with a child in daycare cope?

We will be travelling to the US this summer and obviously have to rent a car. This will be the first time that we caved in to the pressure of the SUV. But frankly, we both drive cars that are smaller than a Prius over here, and somehow manage to fit ourselves, a child and luggage in it when travelling. I just don't feel that safe on American roads in a compact.

Over here SUVs and Jeeps are slowly infiltrating our city's streets, leaving less space for myself and the munchkin to navigate our way around the city on my bike. I hate them, and the fact that they are now starting to install cameras in them like in trucks says it all. Too ridiculously big, the people that drive them think of their own safety, while compromising that of other road users, specifically pedestrians and cyclists.
Anyway, I'll just step off my soapbox now.

As for the US election: I have this foreboding that it will be Obama all the way at the end of the day. Whether he can gather the majority of the American electorate around him if he runs on the Democratic ticket, is another question.

11:08 PM  
Blogger m. cacioppo said...

re: last part of last post, i think you can count on some blue states from the last election going red if its obama/mccain... hypothetical polls already show it happening in NJ...

oh, how foolish this country continues to be.

11:50 PM  
Blogger Sara said...

lula, it depends on where you are driving how safe you'll be in an SUV. NYC? I'd rather be in something smaller.

faster.

able to avoid speeding cabs in a single swerve...

seriously, gas prices here have always been a lot lower than Europe as a whole.

But then, you all have better social programs than we do. Better public transportation. People use trains more often.

The truth, anon, is that the government keeps oil prices low in order to keep us happily chugging down crude like it's never going to end.

it's like heroin.

not that the govt. is above using that either. Remember our favorite drug dealer gen. noriega?

6:54 AM  
Blogger Sue J said...

On the gas prices in Europe, isn't that because most European countries tack on high taxes which are used to pay for infrastructure (such as mass transit, roads, etc.)?

Hmmmm. Sounds pretty reasonable to me.

7:54 AM  
Blogger Lula de Montes said...

@Sara: Massachussetts, specifically Cape Cod.

Yes, we have better social car. My SO has had some major surgery, has been home for one month now, all expenses of surgery paid and her salary too. Next month healthcare takes over and her employer will make up the difference. My delivery in the hospital cost me 0.0 euros. I was there for five days in a single room.
On the downside: 40-something percent of our wages go to the taxman. But our pensions will be higher than in the US (as evidenced by my SO's social security slip, which almost made her cry, considering she started working at the age of 12).

@sue: we pay excise on fuel here. There used to be a system that kicked in reducing the excise, once the price hit a certain level. They were unable to maintain that once the price per barrel went over 90 USD. That said, our motorways are lit, generally of good quality and we have public transportation of decent quality, including on-call buses in certain less populated regions.

And finally, there is the benefit of 5 weeks of annual vacation + national holidays. It's a miracle that we actually get anything done over here in old Europe ;-)

9:18 AM  
Blogger Sara said...

Cape Cod! email me privately and I'll give you some great restaurants to try...

not only do you get things done in Europe, your economy is doing incredibly well and all the doom and gloom about the death of Europe was wrong.

wrong wrong wrong.

9:24 AM  
Blogger Lula de Montes said...

mailed you.

9:59 AM  
Blogger Maria said...

Also, at least in Norway, the gas prices are high to discourage people from driving everywhere, seeing as it tends to kill the environment and our health. And for the taxes we pay on fuel we get cheap buses, trams, tubes and trains. I for one think is great, partly because I don't have a driving licence

1:44 PM  

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