Gas Prices Higher in China than US, is that Speculators or Obama too?

Discussion in 'Politics' started by Late2TheParty, Mar 19, 2012.

  1. Late2TheParty
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    Late2TheParty Classical Liberal

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    China To Raise Fuel Prices - WSJ.com
    and
    China’s fuel price rise biggest for almost three years - FT.com

    Here I thought it was, idk, stagnant supply and increasing demand. (Hint: In 1990, China had 1.1M cars and 160 miles of paved highway. Now it has 100M cars and 53,000 miles of paved highway.)
     
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  2. sealybobo
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    sealybobo Diamond Member

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    Ron Paul supporters who understand private bankers own and control the corrupt Federal Reserve also own the multinational banks and oil companies. They aren't just American bankers that own just America. They are taking over the world. And they now own Iraq's oil. Who's next? Iran?

    You righties need to realize that the rich don't just own America, they own the world.
     
  3. NYcarbineer
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    NYcarbineer Diamond Member

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    The Chinese will always be able to outbid us for gas and oil, no matter where the prices go.

    After all, they're playing with our money.
     
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  4. Mr. H.
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    Mr. H. Diamond Member

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    When the government owns every aspect of its petroleum industry, they can set prices where they want them. It's what the lefties want to see done in the U.S.
     
    Last edited: Mar 19, 2012
  5. Late2TheParty
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    Late2TheParty Classical Liberal

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    You know the avg Chinese consumer with a car earns much less than the avg American, right?:doubt:
     
  6. FuelRod
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    FuelRod Gold Member

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    It is the same political idealogy.
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    Do you know what it means when you see a product with a 'made in China' label on it?
     
  8. Late2TheParty
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    Late2TheParty Classical Liberal

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    I guess Apple isn't making that much profit off it's own products. Dang, if only they didn't make them in China.
     
  9. Mr. H.
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    Mr. H. Diamond Member

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    Not this rightie. Those who blame Obama are seriously misunderstanding the petro markets. I even cringe when the GOP candidates lambast Obama for high crude oil and gasoline prices. Conversely, I loathe liberals who once blamed Bush for the same.

    I argue for more domestic drilling and production because it will keep our oil dollars within our own borders, reduce imports, improve the balance of payments, contribute to the GDP, employ the unemployed, bring more tax dollars to the U.S. Treasury as well as State and Local governments, increase royalties to farmers and municipalities, and strengthen the Dollar.
     
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  10. whitehall
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    whitehall Gold Member

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    The reason speculators are willing to risk capital by investing in oil futures is simply because the president has shown that he is interested in keeping gas prices high in order to force his energy agenda on the US.
     

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