Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Oil Price Rise Causes Global Shift in Wealth

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 08:48 AM
Original message
Oil Price Rise Causes Global Shift in Wealth
MISSION ACCOMPLISHED

~snip~ High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and oil-producing nations this year alone.

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/09/AR2007110902573.html?hpid=topnews
Printer Friendly | Permalink |  | Top
Cooley Hurd Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 08:54 AM
Response to Original message
1. 's okay - that money is going towards building man-made Islands for the wealthy...
...in Dubai:

Charming, no?:eyes:
Printer Friendly | Permalink |  | Top
 
malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 08:58 AM
Response to Reply #1
3. Didn't a bridge collapse there two days ago
killing several workers.
Printer Friendly | Permalink |  | Top
 
symbolman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 09:37 AM
Response to Reply #1
6. Isn't that the face-sucking larval stage
of the critter from the movie "Alien" ? The one that wrapped around the throat and killed the victim if you tried to remove it?

Actually, no, that was Cheney, sorry, my bad :)
Printer Friendly | Permalink |  | Top
 
Cooley Hurd Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 05:34 PM
Response to Reply #6
7. We MUST warn Dennis!!!
...and tell him to WATCH his throat!!!:D
Printer Friendly | Permalink |  | Top
 
malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 08:56 AM
Response to Original message
2. Heard that on CSpan WJ this morning
George has fugged the planet. We're paying J$62.46 per litre this morning (US$1 =J$71.00).

Since we started taking orders from the neo-liberals our dollar has moved from 3-1 to 71 -1 and people still wonder why so many people are illegal immigrants in the US. All animals migrate to feed their young.
Printer Friendly | Permalink |  | Top
 
spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 09:00 AM
Response to Reply #2
4. 4 to 5 billion more EVERY DAY...WOW
Printer Friendly | Permalink |  | Top
 
Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 09:19 AM
Response to Original message
5. I think we need to give the oil industry some tax incentives
Hell maybe eve some subsidies as well. It's a given they won't do any exploration without them...
Printer Friendly | Permalink |  | Top
 
warren pease Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 06:02 PM
Response to Original message
8. And don't forget that their shareholders are getting fat, too.
Parasitic bastards that they are.

wp
Printer Friendly | Permalink |  | Top
 
Solar_Power Donating Member (422 posts) Send PM | Profile | Ignore Sat Nov-10-07 11:02 PM
Response to Original message
9. $5 billion /day -- now that's wealth shifting
we need more of these



Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu May 02nd 2024, 07:38 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC