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Thread: Gas Prices More Than Double Under Obama: $1.84 to $3.85

  1. #41
    Sage

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    Re: Gas Prices More Than Double Under Obama: $1.84 to $3.85

    Quote Originally Posted by Deuce View Post
    No. If you think the Obama administration has made some major change to cause this increase, you go find evidence of it.

    Arab Spring.

  2. #42
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    Re: Gas Prices More Than Double Under Obama: $1.84 to $3.85

    Quote Originally Posted by Deuce View Post
    No. If you think the Obama administration has made some major change to cause this increase, you go find evidence of it.

    Quote Originally Posted by washunut View Post
    Arab Spring.
    Obama "made" the Arab Spring? and that is why you think oil prices are rising? Had nothing at all to do with market speculation and industrial expansion during the past six months?

    Now that markets are slowing in the developed world, which reduces demand - guess what - prices are starting to drop.

    Oil's slide continues, with crude below $93

    The Associated Press | September 19, 2012 11:27 AM EST | AP

    Oil prices are falling for a third day, as traders realize that a recent run-up to $100 may have been overdone.

    Oil was at $92.34 in late morning trading on the New York Mercantile Exchange. That's a decline of $2.95, or 3.1 percent.

    Several things are pushing prices down. Analysts say traders are taking profits after oil got above $100 per barrel on Friday for the first time since May. Oil has fallen about 7 percent this week.

    And there have more signs this week that the global economy is slowing down, which tends to push oil prices down because people and businesses use less energy.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

  3. #43
    global liberation

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    Re: Gas Prices More Than Double Under Obama: $1.84 to $3.85

    Quote Originally Posted by Somerville View Post
    Obama "made" the Arab Spring?
    Obama is the Arab Spring.

  4. #44
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    Re: Gas Prices More Than Double Under Obama: $1.84 to $3.85

    Quote Originally Posted by washunut View Post
    Arab Spring.
    Quote Originally Posted by ecofarm View Post
    Obama is the Arab Spring.


    I do not think the people of the Middle East would agree with you.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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