Oil prices are falling! That’s the good news. The bad news is why oil prices are falling: Oil prices sank Wednesday as investors saw further signs of economic weakness and worried that a U.S. recession could kill demand for fuel. See, the people who produce oil think that, over the next six months, you are [...]
From Maurine Dowd: Asked by The Observer reporter about W.M.D. in Iraq, W. replied: “Still looking for them,” sparking a strange moment of levity. Mr. Bush continued: “We didn’t realize, nor did anybody else, that Saddam Hussein felt like he needed to play like he had weapons of mass destruction. It may have been, however, [...]
I’ve noticed an uptick in people finding my site because they are looking for information on oil prices. Namely, everyone wants to know why oil is so expensive. The answer, simply put, is: George W. Bush. Or, more to the point, it’s Bush’s fiscal policies. When the government spends more in a single year that [...]
Bill Gates is no longer the richest man in the world – that honor now goes to Warren Buffett (who is not kin to Jimmy Buffett – and has never lived in Margaritaville). Of course, if you buy the conservative rhetoric, the greatest impediment to every single person being an uber-billionaire is that the wealthy [...]
So it looks like the surge in Iraq has become a surge without end: Meeting with top commanders here, Mr. Gates said that after the departure this summer of the five extra combat brigades sent last year in “the surge” to pacify the Baghdad area, the American command should assess whether further troop reductions would [...]
OPEC says they are not to blame for the high price of oil. Of course, what did you expect them to say? We are responsible for the high price of oil because we are willing to pay so much for it. If we’d only Amish it up a bit, we could bring down the price [...]
The news from Pakistan is that Benazir Bhutto has been assassinated: Bhutto was shot at close range as she was leaving the rally in this garrison city south of Islamabad, aides said. Immediately after the shooting, a suicide bomber detonated explosives near Bhutto’s car, killing at least 15 other people. Bhutto was rushed to a [...]
