Tuesday, April 29, 2008

Oil may hit $200 a barrel and the weak dollar is to blame.

Opec’s president on Monday warned oil prices could hit $200 a barrel and there would be little the cartel could do to help.

His remarks suggest Algeria wants Opec to continue to resist calls by US and European leaders for the cartel to pump more oil to help ease prices. But Mr Khelil blamed record oil prices on the weak dollar and global political insecurity.

He told El Moudjahid, Algeria’s government newspaper: “I don’t think that an increase in production would help lower prices, because there is a balance between supply and demand and the stocks of gasoline in the United States have recorded a surplus and are at their highest level for five years.”

He added: “The prices are high due to the recession in the United States and the economic crisis, which has touched several countries, a situation that has an effect on the value of the dollar. Each time the dollar falls 1 per cent, the price of the barrel rises by $4 and of course vice versa.”

This is what happens when Americans vote for a person just because he is a "Christian".

This is what happens when you vote for somebody that you "want to have a beer with".

This is what happens when you allow fear to dictate who you vote for.

This is what happens when you allow the vote to be stolen by rigged voting machines.

Have you learned anything?

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Don't feed the trolls!
It just goes directly to their thighs.