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Saturday, April 15, 2006

Closing in on 9-11 

With more than 2370 Americans dead in Iraq (another 280+ in Afghanistan), we get closer and closer to the 2740 Americans killed in the 9-11 attacks. 2650 dead Americans in Afghanistan and Iraq. A grim statistic will be reached in the next month or two, and W will have killed more Americans than the 9-11 hijackers. And for what? Creating two economically-devastated, ungoverned and ungovernable states. But oil prices are back down after the spike at $35 when the war started...not. It's almost laughable to look at oil "experts" debating the "high" $35/barrel prices of three years ago.

Of course, now we get these kind of brilliant insights:

"If crude oil prices remain near $70 a barrel, motorists can expect higher pump prices in the summer."

No kidding. There are, after all, only 42 gallons in a barrel, and guess what, it costs money to drill for it, store it, ship it, separate it, clean it, refine it, ship it again, etc. You can do the math. It starts at $1.67 a gallon (assuming all the crude became gasoline, which isn't the case...), and with all these other costs, well, $3 a gallon seems a bit low.

But folks don't like math. Math like 2650 is getting damn close to 2740.

-Vulf

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