We need a blizzard of commo with these pogues to make sure they don’t leave D.C. until they, at the very least, eliminate the restrictions on offshore drilling. That will be a start. I don’t like the GOP much more than I do the Democrat Party, but they have it right on this. I hope they set up a constant, loud noise about the Democrats’ obstructionist policy. Even if only as a matter of self-interest, they ought to recognize this may be the issue with which they can save themselves from abject defeat in November. It’s simply supply and demand. Look what happened after Bush finally got off his ass and rescinded his father’s stupid no-drilling order. Democrats are deathly afraid that if off-shore drilling is permitted, gas prices WILL drop dramatically in response, before the first well is operational.

Feel no guilt slublog. She is just one of about 40 GOP Senators that lose their way from time to time.

JonRoss on July 25, 2008 at 11:53 AM

Yeah, but when they other go astray, they vote with the Democrats.

When Snowe goes astray, she votes with the Republicans.

“Turn up your Miracle Ear,” Reid added.

Hear that, MSM?

That’s the Democrats taking you for granted.

You gonna let them get away with that?

:)

If you understand that line, you might understand the market.

Trading is a risky game. The more margin you use, the greater the risk of zeroing your accout.

If you make a bet where you lose 50% of your account, you would have to double your money on the next bet to break even.

If you make a bet where you lose 1% of your account, you would have to make 1.0101% on the next bet to break even.

Try plotting this in a spreadsheet. You get a nice curve that goes up as the percent lost goes up.

Another experiment. Try tossing coins with ten people at the same time. You have $1000 in pennies. They each have 100 pennies. After a couple hours, unless they use strict money management, a few will have increased their pot and more will have zeroed out.

Margin is not necessarily your friend. Toss a coin to see if the market is going up or down. A 50% expectancy? Not when you consider slippage and psychology. The market makers get their share and the players fight over the rest. Those that don’t have an edge, a system that gives them a positive expectancy, and tight money management, eventually lose. If your are making bets where you are losing 4% or more on a trade then you better have a good sytem to make up for it.

Oil producers also play the market. If they think the current futures price is good and may go down, they will sell. If they think it will go up, they will buy.

If trading in the USA is restricted, the action will just move overseas even more. The trading is global. There will be plenty of market makers willing to take the bets if the USA doesn’t.

Roll the Nadaq, New York Stock exchange and all of the worlds stock exchanges into one big pile. The futures pile is much larger. The largest pile is the foreign currency exchange, FOREX. This does two to three TRILLION

Et Tu, Ciceroo? People of the World, Look at Me!So supposedly sophisticated Europeans, who constantly dissect American politics and culture, seem suddenly to like us now, because a younger, more mellifluous figure repackaged the standard American trans…

Why do we expect other countries to deplete their own resources when we aren’t willing to touch our own?

Harry Reid ought to be careful how he treats the news media, because they are all that’s been propping up the Democrats as they have followed the environmentalist myths. If anybody gave him half the scrutiny and criticism the President gets he’d be out on his ear.

Frak the Hill. The coastal Red states need to pass incentive legislation for the oil companies to start drilling and building refineries. Let the Feds try to find enough U.S. Marshals to stop them.

Limerick on July 25, 2008 at 10:53 AM

I completely agree. We need to start drilling AND building refineries as without refineries all that oil is going to sit there and it will not help move supply above demand and inturn drop gas prices.

While I don’t usually support tax hikes in anyh way it would be in our best interest in the long run that once gas drops to a more reasonable price (say $2.50 per gallon as an example) the government should add a 10 cent tax per gallon to fund research grants into alternative energy sources so we can once and for all tell the middle eastern shieks that are getting filthy rich and using some of these oil profits to support terrorism to go shovel camel-shiitte!

Just an idea…

LifeTrek on July 25, 2008 at 5:44 PM

Steve Pearce has also introduced a bill: HR6301
http://www.govtrack.us/congress/billtext.xpd?bill=h110-6301

Of Course, Pelosi has buried it and won’t allow it to come up for discussion, much less a vote.

I haven’t had time to digest the whole bill, but on a scan, there is some really smart stuff in Steve’s bill… Practically AND politically.
.
.
.

Nancy and Harry sittin in a tree
k.i.s.s.i.n.g.
on you and me.
.
(uhh.. make that K a P)

I always thought Nevada was a Red(dish) state. How did they elect Harry, the Body, Reid?
DerKrieger on July 25, 2008 at 11:02 AM

All the California liberal refugees that moved there for the jobs brought their liberal idiocies with them. The Real Nevadans are too small in number to block the hordes of carpetbaggers.

a comprehensive energy bill that takes an “all of the above” strategy to end our dependence on costly foreign oil and reduce gas prices in America. At a Capitol Hill news conference this afternoon, the Members of Congress will also demand Democrat House Speaker Nancy Pelosi end her opposition to American-made energy and allow a vote on the bill.

With $4 gas prices this can gain massive support if they can get the media to stop their Obamadrooling for three minutes or so!
David

Turn up your Miracle Ear!

Ohhhh, good one. That goes in the quiver. Wait until the wife hears me tell her that.

I’m gonna get a beating!

Only Olympia Snowe (R-ME) crossed the party line to vote in favor of cloture.

Is it safe to assume from that statement that John McCain was busy on the campaign and was not there cast his mavericky vote along with Ms. Snowe ?

Vincenzo on July 25, 2008 at 10:35 AM

Wonderful.

Except for the fact that soon after you’ll be watching them loosened in Abu Dhabi.

Members of the DNC NEVER have accepted personal responsibility for anything.

As for the “(speak) English” comment, I wonder how Dirty Harry can use such language when he accuses us, the Right, of the same sentiment when it comes to communication in America.

In the exchange, Reid told one reporter she should “watch the [Senate] floor more often. … You might learn something.”

Another reporter explained she had watched the Senate proceedings and said it was not clear he was … offereing separate amendments, to which Reid asked the reporter if she “spoke English.”

“Turn up your Miracle Ear,” Reid added.

What an A-hole.

“Turn up your Miracle Ear,” Reid added.

OK, tell me again why reporters carry the Democrats water? I think I would have thrown my water in his face if he said this to me.

What a jerk.

get into a remedial math class

Remedial kindergarten as least and if his IQ is above 70 it should be remedial pre-K.