Joeygetzo
New member
- Joined
- Feb 23, 2012
- Messages
- 7
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- Location
- Nazareth, Pennsylvania
- Gender
- Male
- Political Leaning
- Libertarian - Right
The increase in gas prices lies within the devaluation of our dollar.
The increase in gas prices lies within the devaluation of our dollar.
Okay, in the case of oil, are speculators fulfilling an important role? Are they abusing their position, or does it just seem like it?
Well, that's what I'm seeing too. US oil production is spiking while US oil demand is dropping, yet gas prices remain the same or even climb.
So what the hell is going on?
The normal rules of Supply and Demand aren't working. It would seem Speculators are circumventing the process, would anyone agree?
The New York Times did a study on the increase in oil prices i believe for the year of 2009 or 2010. They determined that when comparing the price of oil to gold it was basically the same, however compared to the american dollar, the price of oil increased 3 percent. 2.5 percent for the euro. The truth of the matter is yes oil will run out, but we have no idea when. Oil reserves are being found more than ever today. So yes the supply of oil is affect the price, but the devaluation of the unbacked currency is the most vital part.
Correct. When the big businesses start to change their business to where the money is to be made will be when we realize the change is happening.
The Ford Mustang sold 380,000 in its first year. More comparable to the time, I think the first year run of the Prius was about 6,000.
My thoughts on the green bankruptcies was that they banked on China's cost for raw materials going in up, but when the predicted shortage didn't occur, they went belly up. Again it points to the tech not being ready for prime time.
Couldn't agree more. The tech isn't ready for mass production and consumption.
Gas use has gone down since obama got here but gas prices have gone up, want to see a fool, look in the mirror.
The theory presented by libs was gas prices went up and are still going up due to Obams growing economy.
The graph clearly shows gas consumption in US has trended down since obama was immaculated so the theory is clearly wrong.
Blaming Obama for something he has little control over is just partisan.
Okay, in the case of oil, are speculators fulfilling an important role? Are they abusing their position, or does it just seem like it?
The increase in gas prices lies within the devaluation of our dollar.
Blaming Obama for something he has little control over is just partisan.
If you want prices to decrease, lobby Obama to remove Iranian sanctions. That will instantly reduce prices.
It helps to understand what you are talking about before talking about it.
Obama entered the Presidency during the worst recession since the Great Depression. It makes sense that gas usage in the US has declined. But what you completely and utterly fail to understand is that oil is not a nationalized product that is isolated from the rest of the world. Furthermore, the usage of oil as a currency hedge by large trading firms and institutions has artificiality driven gas prices up without a corresponding demand for end product increase. The Libyan adventure, growing global demand and increasing usage in recent months of oil all point to higher gas prices.
Blaming Obama for something he has little control over is just partisan.
If you want prices to decrease, lobby Obama to remove Iranian sanctions. That will instantly reduce prices.
We need to create something that can run off water or air
Air-Powered Car Coming to U.S. in 2009 to 2010 at Sub-$18,000, Could Hit 1000-Mile Range - Popular MechanicsZero Pollution Motors (ZPM) confirmed to PopularMechanics.com on Thursday that it expects to produce the world's first air-powered car for the United States by late 2009 or early 2010.
Read more: Air-Powered Car Coming to U.S. in 2009 to 2010 at Sub-$18,000, Could Hit 1000-Mile Range - Popular Mechanics
O.K. where are they?
Still coming, apparently. Should be available in India by now:
AIR POWERED CAR IN INDIA « Greenfield Park Blog
Then I am quite sure that you will say that the last time gas hit this price, and mouth foamers like Schumer, Pelosi, Wasserman-Schultz, and alike were on every DC street corner in front of camera's blaming Bush, to the tune of 91 reports by the MSM in a week, as compared to the crickets we see now with only 21 reports done in a week was nothing more than partisan hackery then too, right?
You can't have it both ways dude.
j-mac
He has little control but if he would make one move the market would fall?
This is all great and cute and all....but I don't remember anything like this from your side when oil spiked during Bush's tenure. Then, it was he and Cheney in a backroom pulling strings and getting rich. It's like Abu Ghraib versus the recent pissing on dead Taliban men...one was Bush's fault, the other was the military's fault.
Then I am quite sure that you will say that the last time gas hit this price, and mouth foamers like Schumer, Pelosi, Wasserman-Schultz, and alike were on every DC street corner in front of camera's blaming Bush, to the tune of 91 reports by the MSM in a week, as compared to the crickets we see now with only 21 reports done in a week was nothing more than partisan hackery then too, right?
You can't have it both ways dude.
j-mac
Yeah. The price of oil is based on a large number of items, many of which a president generally has little control. I will grant this time it's somewhat different as the one thing Obama can actually do is scrap something that the partisan right wing hacks here want him to keep.
They blame him for high oil prices, but the vast majority of causes are out of his control. The one he does have control is the one they want him to keep.