I hope you liked that gas under $2.50

Discussion in 'Politics' started by txlonghorn, Jun 15, 2009.

  1. txlonghorn
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    txlonghorn Senior Member

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    You won't see that again for a LOOOOOOOOOOOONG time.

    Gas prices in my area jumped 22 cents in the past twenty four hours. At that rate, they'll be nearing $5 a gallon by next week.

    Anybody scared yet?

    Thanks Obama...I knew you could do it.
     
  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    wHY are they going up like crazy....what in the world even makes the future speculators even think our economy will be in the early to mid bush hayday era? we won't come close to that kind of usage or demand in quite some time, you would think tex, no?

    why the heck are prices going up so rapidly? are we not laying off people because there is less work, less manufacturing, less money, less everything world wide?

    gas prices last june of $4 bucks a gallon is the straw that broke the camel's back when it came to our economy, outside of housing, imo! Damnit! :(

    care
     
  3. Care4all
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    Care4all Warrior Princess Supporting Member

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    is the dollar dropping in value, or this is the speculation of the dollar dropping in value? is oil stilling using the dollar as trade unit or did the saudi's move to the euro last year?
     
  4. Paulie
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    Paulie Platinum Member

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    This is a combination of production cuts, the Dollar dropping in value, and speculators in the futures market driving the price up.

    Think about it...

    Where's the demand for fuel right now? We're near 10% unemployment, we've lost millions of jobs in the worst economic downturn since the great depression, the rest of the world is feeling the same kind of crunch, but oil prices are going up?

    The OP obviously hasn't done much homework. The summer driving season is kicking in, and speculators are playing the oil game to make a couple bucks.

    We'll see it back around $50 or lower by the end of the summer. Eventually though, we will be seeing significantly higher prices. The Dollar is set to take quite a beating in the coming years.
     
  5. 007
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    007 Charter Member Supporting Member

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    Yeah those gas prices did hit people real hard, and were a factor in lots of people going under. Just another nail in the coffin. But wait, now we have obama's MASSIVE spending to deal with this time around, and millions more out of work. So however bad it was last time, it's going to be WORSE this time. The dems have screwed things up royal in the last 100 days, and are still trying to spend MORE MONEY THAT WE DON'T HAVE! It's just INCREDIBLE... it's a train wreck, and nobody seems to have a set of balls big enough to stop it.
     
    Last edited: Jun 15, 2009
  6. xotoxi
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    xotoxi Platinum Member

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    You knew he could replicate Bush's gas price increase?
     
  7. 007
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    007 Charter Member Supporting Member

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    Yes, but add that extra bonus of millions more out of work and the dollar plummeting in value.
     
  8. xotoxi
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    xotoxi Platinum Member

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    You're right.

    I forgot that the dollar was at an all-time high and unemployment was under 1% when Bush was wrapping up.
     
  9. 007
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    007 Charter Member Supporting Member

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    There was nothing about my prior post that was false, yet you felt the need to reply to sanity with a joke.
     
    Last edited: Jun 15, 2009
  10. xotoxi
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    xotoxi Platinum Member

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    It wasn't a joke. It was sarcasm meant to highlight your redirection.
     

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