> Obama Regime Report < Obama Regime Report: Isn't It Beautiful Watching Arab Sheiks That Hate Us Go Broke?

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Tuesday, January 13, 2009

Isn't It Beautiful Watching Arab Sheiks That Hate Us Go Broke?

Yes Johnny, it certainly is sir..... he he he he
(insert old ed mcmahon impression there)......

Not to mention these sweet 1980 gas prices that go with it for now...

Of coarse it won't last forever , but every lost dollar or euro to those turban toters serves them a little reminder how much their actual existence depends on America and other western civilized nations (minus the uncivilized libs of coarse who all ride bicycles, yeah right they do) buying their crude oil. So if we ever get our acts together and drill here and now along with finally developing NGas and hydrogen vehicles, we will eventually run those terror loving and committing people straight into extinction the sooner we git er done.

Oil falls below $37 on gloomy demand outlook:

My Way News - "Oil prices fell below $37 a barrel Tuesday on expectations crude demand will weaken amid a severe global economic slowdown.

By midday in Europe, light, sweet crude for February delivery was down 91 cents at $36.68 a barrel in electronic trading on the New York Mercantile Exchange.

In London, February Brent crude fell 19 cents to $42.72 a barrel on the ICE Futures exchange.

'After some transient end-of-year strength, it would appear that crude oil bears have once again found their groove,' said the Schork Report, edited by oil trader and analyst Stephen Schork.

Crude prices have fallen more than 25 percent since reaching just above $50 a barrel last week as traders returned from the holiday break to find evidence of falling manufacturing and consumer spending across the globe.

The February contract fell 8 percent on Monday, or $3.24, to settle at $37.59 after Alcoa Inc. (AA), the world's third-largest aluminum company, reported a quarterly loss of $1.19 billion.

Alcoa, the first component of the Dow Jones industrial average to post results, said last week it plans to lay off about 13 percent of its global work force by the end of 2009 amid sinking prices and demand for the m"


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