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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    How did the Democrats stop it when the white house and congress were both controlled by the GOP?
    A small majority is not control. Filibuster stops the majority

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    A small majority is not control. Filibuster stops the majority
    Your claim is that the Democratic filibuster stopped us every year since 1971 from prouducing more oil than we did in that year?
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by donsutherland1 View Post
    I would be wary of using contemporary interpretations in the place of actual data from the 1980 election that is available. The hostage crisis certainly contributed to the outcome, but the leading issue was the economy. From the November 5, 1980 edition of The New York Times:

    A New York Times/CBS News poll of more than 10,000 voters as they left the polls indicated that the predominant motivation among voters was the conviction that it was time for a change. The biggest issue in their minds was the nation's economy, especially inflation.
    Inflation however at that time was heavily influenced by the Iranian issue. The Iranian oil that was removed from the world market at the time if I recall correctly significantly raised the price of oil, and as such affected the price of many goods within the US
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Your claim is that the Democratic filibuster stopped us every year since 1971 from prouducing more oil than we did in that year?
    Funny, but I read his post carefully and didn't see any reference to 1971. You're the only one bringing up that strawman.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Lord Tammerlain View Post
    Inflation however at that time was heavily influenced by the Iranian issue.
    The larger Iran issue, not the hostage crisis, certainly contributed to the nation's inflation. Oil production had been disrupted since early on in the Iranian revolution. A legacy of overly accommodative pre-Volcker Fed policy that left inflation expectations unanchored further amplified inflation via consumer behavior.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by USA_1 View Post
    That drilling ANWR would not make any difference in the price of gas....................simple.
    IMO, the PRICE of gas is not the isse, it is where we get the oil. The price of our gas is subsidized by the blood of our youth. We need to stop buying oil from any country that is involved in terrorism.
    If the world suddenly decided to stop buying Saudi oil, and JUST Saudi oil, the royal family would take action against those imans fomenting jihad.
    Then on to the next terrorism supporting country.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Gill View Post
    Gotcha... you don't have a clue.
    Please answer your own question for the rest of us....
    Seems to me that this nation was not founded for the purpose of guaranteeing profit for businesses...certainly not at the expense of our youth...
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Bush was a hell of a lot better than this cream puff.

    j-mac
    Bush, the whole Bush family actually, has his head under the robes of the royal family. I will never again vote for an oil man, not even for dogcatcher.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    you can say that again

    LOL!

    in fact, the index was so inimical it was practically INVENTED during the carter years

    any disputation of jimmy carter's economic legacy is preposterous

    ie, a joke

    party on, pupil of pbs
    Carter had an energy policy, which Reagan dismantled. Another example of an actor thinking popularity is equivalent to intellect.
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    Re: Oil rises above $90 amid US crude supply drop

    carter's intellect---LOL!

    carter's "energy policy" pointed primarily at the american lifestyle

    americans wanted none of it

    especially the TAXES

    neither did his own congress, by the way

    sorry

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