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Thread: Gas prices are highest ever for this time of year

  1. #251
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by obvious Child View Post
    The oil increase during Bush's era was largely due to the the slide of the dollar and large investors and insitutions currency hedging via oil. Uncle Ben and Uncle Bush by loose monetary standards and deliberate fiscal policies pushed the dollar down and down. Exports were up for obvious reasons but a weak comparative dollar cause oil to increase. Right now we have somewhat of that effect but the other economies are in worse shape causing a flow back of money into the US which compenstates. Therefore the argument isn't really valid as the debasing of the dollar isn't happening like it did under Bush. The dollar is gaining strength largely on the back of a weak Euro. In essence we have Greece to thank for why oil isn't being used as a currency hedge.
    Just to note, Uncle Ben has excelerated that policy under Obama.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by rocket88 View Post
    Well, Schumer, Pelosi, et al are partisan. That's what they do.

    As far as the media goes, when Bush was President was the first time gas went to $3.00. That's news. It's not anymore. Kind of like when the Dow hit 10,000. Then it was news, now it's not.

    And the talk now is that gas will hit $4.00 per Gal. by spring, and possibly $5.00 by Summer. I don't have a crystal ball, but I can almost bet that there won't be 91 stories on it in one week by the MSM. Nor, will the people that were bashing Bush over his time when prices hit what they did will say anything either. Look, Under Bush gas prices did absolutely hit mid $3.00 per gal, and then he made the announcement that he was going to open the Alaskan fields, the OCS off Atlantic, and Pacific, as well as the Gulf, and on that alone, by the time that Obama took office, the price at the pump was $1.86 per gal.

    Obama has closed all of that, and strangled any exploration in favor of his alge fueled pipe dreams that cost a half billion a shot and produce a big goose egg. What a leader.


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  3. #253
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    I just don't get it.


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  4. #254
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by j-mac View Post
    And the talk now is that gas will hit $4.00 per Gal. by spring, and possibly $5.00 by Summer. I don't have a crystal ball, but I can almost bet that there won't be 91 stories on it in one week by the MSM. Nor, will the people that were bashing Bush over his time when prices hit what they did will say anything either. Look, Under Bush gas prices did absolutely hit mid $3.00 per gal, and then he made the announcement that he was going to open the Alaskan fields, the OCS off Atlantic, and Pacific, as well as the Gulf, and on that alone, by the time that Obama took office, the price at the pump was $1.86 per gal.

    Obama has closed all of that, and strangled any exploration in favor of his alge fueled pipe dreams that cost a half billion a shot and produce a big goose egg. What a leader.


    j-mac
    Gas prices hit over 4 dollars per gallon under Bush and only dropped because the economy collapsed.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Sheik Yerbuti View Post
    Gas prices hit over 4 dollars per gallon under Bush and only dropped because the economy collapsed.
    What are the odds of a repeat?

  6. #256
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    What are the odds of a repeat?
    I'd say the odds are 100% given that there is a limited supply and a growing demand.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    What are the odds of a repeat?
    That will depend on the election in November. The GOP promises more of the same financial deregulation and supply side economic that brought us this recession.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Catawba View Post
    That will depend on the election in November. The GOP promises more of the same financial deregulation and supply side economic that brought us this recession.
    It stops being cute after the first time.

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    It stops being cute after the first time.
    You must find the greatest recession since the Great Depression a lot funnier than most!

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    Re: Gas prices are highest ever for this time of year

    Dodd Frank institutionalized "too big to fail" which means corporations have no reason to act any different than they ever did. No, far too often your only desire is to be a partisan as opposed to one who would prefer to address the problems no matter where they originate from.

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