OH NO! Gas prices are going down????

[Rshermr]

Wow, Crusader. That comment is so well-reasoned and unbiased that it's worthy of being cross-stitched and put on a wall. (Except that it's just as mindless as the zombies you complain of)

Obama is a total fucking retard. Complete, total fucking retard.

He's done all he can to transform us into a nation of stupid, government dependent losers. Only in the Neo-Marxist enclave of the small minded, does it make sense to express pride in dependency and demean the accomplishments of business people and entrepreneurs, "you didn't build that!"

There's a reason he considers the private sector "behind enemy lines". It's because he's brainwashed in Marxism and does not know the first fucking thing about the US economy.

You support him and are defending him, must mean you're a fucking moron too. Go call Daily Kos on your Obamaphone and ask them how to respond

LiveScience study Social conservatives have a lower I.Q.? (probably) | Gene Expression | Discover Magazine

Watching Fox makes you stupid Study: Watching Fox News Actually Makes You Stupid | Jillian Rayfield | Politics News | Rolling Stone

 

[Caroljo]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

I am absolutely certain that you do not understand economics. If you believe that gas prices came down then because of drilling, you are too stupid to discuss the topic.
Here is one of your heroes comments in July of 2008 when gas prices were about $4.40 per gallon, and Republican George W. Bush was in the White House. O'Reilly said:

"No president has the power to increase or lower gas prices. Those are market forces!"

"It has nothing to do with the president."

"It really is out of this president's hands"

"Yesterday oil hit a record high, and politicians can't do a thing about it."

"The next time you hear a politician say he or she will bring down oil prices, understand it's complete B.S. If Americans want lower gas prices, cut back. Sell those SUVs. Ride a bike when you can."
Change of Subject: High gas prices not the president's fault!

That was O'Reilly in July of '08. On video. He, along with all of the other fox personalities were hard at selling the public that the price of gas can not be controlled by the pres. Dems agreed. But today, when there is a dem pres, fox personalities are blaming him for the price of gas.

So, the cons say, gas prices are a supply and demand issue. Our pres has hurt the supply issue. But, when you look out on the web, the supply of gas in the US is UP:
Obama’s ‘Gone to Great Lengths’ to Keep Gas Prices High, Ryan Says - ABC News
U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels)

So, gas supplies are increasing. So that goes agains the con argument. It must be that demand is increasing.
"U.S. crude oil demand fell to its lowest in nearly four years in July as the middling U.S. economy and fuel efficiency gains weighed on consumption, the American Petroleum Institute said on Friday."
U.S. oil demand dipped to near 4-year low in July: API | Reuters

So, me poor ignorant cons, here is the issue. Supply of gasoline and crude oil are up. Demand for gasoline is down. So gas prices should be going DOWN. But they have been rising. So, you can not (rationally) blame the pres. The problem is not supply. Nor demand. At least not in the US.

" "If our demand for gasoline is falling, why are prices in the U.S. rising?"

Well, there are lots of reasons why the price you pay at the pump might rise; from additional taxes levied by the government to threats of supply disruption in the Middle East. The latter, of course, is a big reason gasoline prices are higher now even though demand throughout the world is quite soft and falling in the U.S.

Fadel Gheit, managing director of Oil and Gas Research at Oppenheimer and Company, says the price of oil depends on several factors — "number one: crude oil prices." Of course, crude oil prices are set in a global market. That means even if U.S. demand for oil is forecast to fall significantly over the next 25 years, Americans will pay more for each galloon of gasoline if the global price of oil rises, which is quite likely. While Americans are using fewer gallons of oil per person, consumers in India, China and other emerging markets are using more. In 2010, China added 10 million more cars. With a population of more than 1 billion people, that nation is going to use more oil in the future and that demand will likely drive prices up."
Why Gas Prices Are Rising Even As Demand Is Down : The Two-Way : NPR

So, cons love to blame the pres for price increases in gas. By the way, when the prices came down significantly early this year, all of the cons forgot to congratulate the pres on his sterling job of controlling gas prices. But the truth is that no president can control gasoline prices simply because the gas companies can do that on their own. They like high prices, they get high prices. This is NOT a supply and demand issue. It is an issue of monopoly power.

Hey...i never said i believe drilling brought down gas prices - show me where i said that. The part in BOLD (THE QUOTE) is what Obama said & what was in the article i linked. Look at it again!

Besides, this thread is about Obama's stupid comment at the debate. Where did i say the President has anything to do with gas prices? He made the idiotic comment that high gas prices means the economy is doing better, lower gas prices means the economy is getting worse. Sooooo......since the gas prices are going down, it must be the economy is not as good as he tries to make us think it is. You just wasted a lot of time typing all that crap ... Lol!

 

[Rshermr]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

I am absolutely certain that you do not understand economics. If you believe that gas prices came down then because of drilling, you are too stupid to discuss the topic.
Here is one of your heroes comments in July of 2008 when gas prices were about $4.40 per gallon, and Republican George W. Bush was in the White House. O'Reilly said:

"No president has the power to increase or lower gas prices. Those are market forces!"

"It has nothing to do with the president."

"It really is out of this president's hands"

"Yesterday oil hit a record high, and politicians can't do a thing about it."

"The next time you hear a politician say he or she will bring down oil prices, understand it's complete B.S. If Americans want lower gas prices, cut back. Sell those SUVs. Ride a bike when you can."
Change of Subject: High gas prices not the president's fault!

That was O'Reilly in July of '08. On video. He, along with all of the other fox personalities were hard at selling the public that the price of gas can not be controlled by the pres. Dems agreed. But today, when there is a dem pres, fox personalities are blaming him for the price of gas.

So, the cons say, gas prices are a supply and demand issue. Our pres has hurt the supply issue. But, when you look out on the web, the supply of gas in the US is UP:
Obama’s ‘Gone to Great Lengths’ to Keep Gas Prices High, Ryan Says - ABC News
U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels)

So, gas supplies are increasing. So that goes agains the con argument. It must be that demand is increasing.
"U.S. crude oil demand fell to its lowest in nearly four years in July as the middling U.S. economy and fuel efficiency gains weighed on consumption, the American Petroleum Institute said on Friday."
U.S. oil demand dipped to near 4-year low in July: API | Reuters

So, me poor ignorant cons, here is the issue. Supply of gasoline and crude oil are up. Demand for gasoline is down. So gas prices should be going DOWN. But they have been rising. So, you can not (rationally) blame the pres. The problem is not supply. Nor demand. At least not in the US.

" "If our demand for gasoline is falling, why are prices in the U.S. rising?"

Well, there are lots of reasons why the price you pay at the pump might rise; from additional taxes levied by the government to threats of supply disruption in the Middle East. The latter, of course, is a big reason gasoline prices are higher now even though demand throughout the world is quite soft and falling in the U.S.

Fadel Gheit, managing director of Oil and Gas Research at Oppenheimer and Company, says the price of oil depends on several factors — "number one: crude oil prices." Of course, crude oil prices are set in a global market. That means even if U.S. demand for oil is forecast to fall significantly over the next 25 years, Americans will pay more for each galloon of gasoline if the global price of oil rises, which is quite likely. While Americans are using fewer gallons of oil per person, consumers in India, China and other emerging markets are using more. In 2010, China added 10 million more cars. With a population of more than 1 billion people, that nation is going to use more oil in the future and that demand will likely drive prices up."
Why Gas Prices Are Rising Even As Demand Is Down : The Two-Way : NPR

So, cons love to blame the pres for price increases in gas. By the way, when the prices came down significantly early this year, all of the cons forgot to congratulate the pres on his sterling job of controlling gas prices. But the truth is that no president can control gasoline prices simply because the gas companies can do that on their own. They like high prices, they get high prices. This is NOT a supply and demand issue. It is an issue of monopoly power.

Hey...i never said i believe drilling brought down gas prices - show me where i said that. The part in BOLD (THE QUOTE) is what Obama said & what was in the article i linked. Look at it again!

Besides, this thread is about Obama's stupid comment at the debate. Where did i say the President has anything to do with gas prices? He made the idiotic comment that high gas prices means the economy is doing better, lower gas prices means the economy is getting worse. Sooooo......since the gas prices are going down, it must be the economy is not as good as he tries to make us think it is. You just wasted a lot of time typing all that crap ... Lol!

Just hoped you may have learned something. Obviously, that was an empty wish.
Then again, if you can not see the difference between $1.68 and $3.73, there is probably no hope at all.

 

[EdwardBaiamonte]

LiveScience study Social conservatives have a lower I.Q.? (probably) | Gene Expression | Discover Magazine

Watching Fox makes you stupid Study: Watching Fox News Actually Makes You Stupid | Jillian Rayfield | Politics News | Rolling Stone

The Liberal Mind: The Psychological Causes of Political Madness by Lyle H. Rossiter, Jr. and M.D. (Oct 30, 2006)
(64 customer reviews)

 

[Rshermr]

LiveScience study Social conservatives have a lower I.Q.? (probably) | Gene Expression | Discover Magazine

Watching Fox makes you stupid Study: Watching Fox News Actually Makes You Stupid | Jillian Rayfield | Politics News | Rolling Stone

The Liberal Mind: The Psychological Causes of Political Madness by Lyle H. Rossiter, Jr. and M.D. (Oct 30, 2006)
(64 customer reviews)

I post studies. You post a book written by a well known con nut case. Just like ed.

 

[bigrebnc1775]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

Just like the unemployment numbers going down no surprise about gas prices going down this close to election. obama has to throw his bitch dogs a bones to get some votes.

 

[Rshermr]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

I am absolutely certain that you do not understand economics. If you believe that gas prices came down then because of drilling, you are too stupid to discuss the topic.
Here is one of your heroes comments in July of 2008 when gas prices were about $4.40 per gallon, and Republican George W. Bush was in the White House. O'Reilly said:

"No president has the power to increase or lower gas prices. Those are market forces!"

"It has nothing to do with the president."

"It really is out of this president's hands"

"Yesterday oil hit a record high, and politicians can't do a thing about it."

"The next time you hear a politician say he or she will bring down oil prices, understand it's complete B.S. If Americans want lower gas prices, cut back. Sell those SUVs. Ride a bike when you can."
Change of Subject: High gas prices not the president's fault!

That was O'Reilly in July of '08. On video. He, along with all of the other fox personalities were hard at selling the public that the price of gas can not be controlled by the pres. Dems agreed. But today, when there is a dem pres, fox personalities are blaming him for the price of gas.

So, the cons say, gas prices are a supply and demand issue. Our pres has hurt the supply issue. But, when you look out on the web, the supply of gas in the US is UP:
Obama’s ‘Gone to Great Lengths’ to Keep Gas Prices High, Ryan Says - ABC News
U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels)

So, gas supplies are increasing. So that goes agains the con argument. It must be that demand is increasing.
"U.S. crude oil demand fell to its lowest in nearly four years in July as the middling U.S. economy and fuel efficiency gains weighed on consumption, the American Petroleum Institute said on Friday."
U.S. oil demand dipped to near 4-year low in July: API | Reuters

So, me poor ignorant cons, here is the issue. Supply of gasoline and crude oil are up. Demand for gasoline is down. So gas prices should be going DOWN. But they have been rising. So, you can not (rationally) blame the pres. The problem is not supply. Nor demand. At least not in the US.

" "If our demand for gasoline is falling, why are prices in the U.S. rising?"

Well, there are lots of reasons why the price you pay at the pump might rise; from additional taxes levied by the government to threats of supply disruption in the Middle East. The latter, of course, is a big reason gasoline prices are higher now even though demand throughout the world is quite soft and falling in the U.S.

Fadel Gheit, managing director of Oil and Gas Research at Oppenheimer and Company, says the price of oil depends on several factors — "number one: crude oil prices." Of course, crude oil prices are set in a global market. That means even if U.S. demand for oil is forecast to fall significantly over the next 25 years, Americans will pay more for each galloon of gasoline if the global price of oil rises, which is quite likely. While Americans are using fewer gallons of oil per person, consumers in India, China and other emerging markets are using more. In 2010, China added 10 million more cars. With a population of more than 1 billion people, that nation is going to use more oil in the future and that demand will likely drive prices up."
Why Gas Prices Are Rising Even As Demand Is Down : The Two-Way : NPR

So, cons love to blame the pres for price increases in gas. By the way, when the prices came down significantly early this year, all of the cons forgot to congratulate the pres on his sterling job of controlling gas prices. But the truth is that no president can control gasoline prices simply because the gas companies can do that on their own. They like high prices, they get high prices. This is NOT a supply and demand issue. It is an issue of monopoly power.

Hey...i never said i believe drilling brought down gas prices - show me where i said that. The part in BOLD (THE QUOTE) is what Obama said & what was in the article i linked. Look at it again!

Besides, this thread is about Obama's stupid comment at the debate. Where did i say the President has anything to do with gas prices? He made the idiotic comment that high gas prices means the economy is doing better, lower gas prices means the economy is getting worse. Sooooo......since the gas prices are going down, it must be the economy is not as good as he tries to make us think it is. You just wasted a lot of time typing all that crap ... Lol!

Sorry, Carjo. I just have a really, really hard time taking anyone seriously who posts data from and provides a link to Breitbart.com. I could give you some quotes from move on. But I would not. I prefer some integrity in my posts.

 

[EdwardBaiamonte]

Sorry, Carjo. I just have a really, really hard time taking anyone seriously who posts data from and provides a link to Breitbart.com. I could give you some quotes from move on. But I would not. I prefer some integrity in my posts.

What's the issue??? Barry is a typical anti-business anti-oil liberal. He dreams of millions of green soviet jobs that he can create for us as our beloved dear socialist Solyndra leader!!Its no wonder he doubled gas prices!!


In 2008, Obama’s Energy Secretary Steven Chu told the Wall Street Journal (WSJ) that he wanted to ramp up gasoline taxes over the next 15 years until they eventually were consistent with Europe’s rates. “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe,” he stated clearly.

 

[Rshermr]

Poor ed. someone gave him a list of quotes and showed him how to copy and paste. That is why ed never has a link, and when you look up his quotes they turn out to be lies. But ed can not help himself. He needs his meds, and can not seem to find them. Here, ed. Read these:
British Cohort study Right-wingers are less intelligent than left wingers, says controversial study - and conservative politics can lead people to be racist | Mail Online

LiveScience study Social conservatives have a lower I.Q.? (probably) | Gene Expression | Discover Magazine

Watching Fox makes you stupid Study: Watching Fox News Actually Makes You Stupid | Jillian Rayfield | Politics News | Rolling Stone

Alterman Study: Conservatives Display Ignorance « Nel's New Day

 

[Rshermr]

Sorry, Carjo. I just have a really, really hard time taking anyone seriously who posts data from and provides a link to Breitbart.com. I could give you some quotes from move on. But I would not. I prefer some integrity in my posts.

What's the issue??? Barry is a typical anti-business anti-oil liberal. He dreams of millions of green soviet jobs that he can create for us as our beloved dear socialist Solyndra leader!!Its no wonder he doubled gas prices!!


In 2008, Obama’s Energy Secretary Steven Chu told the Wall Street Journal (WSJ) that he wanted to ramp up gasoline taxes over the next 15 years until they eventually were consistent with Europe’s rates. “Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe,” he stated clearly.

Poor ed. someone gave him a list of quotes and showed him how to copy and paste. That is why ed never has a link, and when you look up his quotes they turn out to be lies. But ed can not help himself. He needs his meds, and can not seem to find them. Here, ed. Read these:
British Cohort study Right-wingers are less intelligent than left wingers, says controversial study - and conservative politics can lead people to be racist | Mail Online

LiveScience study Social conservatives have a lower I.Q.? (probably) | Gene Expression | Discover Magazine

Watching Fox makes you stupid Study: Watching Fox News Actually Makes You Stupid | Jillian Rayfield | Politics News | Rolling Stone

Alterman Study: Conservatives Display Ignorance « Nel's New Day

 

[OldUSAFSniper]

I got news for all of you... and some of it is very good news. In Ohio/Pennsylvania, a company has just made a MAJOR discovery with the use of fracking in several fields that were thought to be completely dry since the early 1900's. Not too sure how much is there, but they claim right now that it is significant. The point? It's private lands, not federal. Permits are down 60% on federal lands just as Romney said in the debates. Look for gas to drop A LITTLE more when this comes on line (which, despite the ignorance of the left, won't be five or ten years as the left likes to say when you talk of drilling some where). The price will come down only a little because it's going to have to be transported to the east coast for refining.

Also, for those of us who support the Keystone XL pipeline, I've got some troubling news. TransCanada is being a corporate JERK. They say that they are not going to be using American made pipe or American union workers to build the pipeline. Additionally, they are taking Oklahoma and Texas land owners to court and having their land condemned instead of doing what American pipeline companies have been doing for one hundred years, which is working with the land owners. Farmers and Ranchers in Oklahoma and Texas (including me) are OIL FRIENDLY, except when they act like tyrants. TransCanada better shape up quickly, or like a growing chorus of voices here in Oklahoma and Texas, I will work against it. Question is: Will they see the writing on the wall?

If you are going to build the pipeline, we are for it but you MUST use American made pipe. Imagine using pipe constructed somewhere else? To what specs? Also, the whole positive side of the pipeline is JOBS. If you don't use American workers to build it and maintain it, then remind me again what the up side is?

Watching this one like a hawk...

 

[longknife]

The current gasoline prices here in Las Vegas average about $3.80 per gallon. It's piped in from Southern California refineries and only needs the ethanol added and not all that garbage the Socialist State requires.

This election is going to come down to pocketbook issues. Costs too much to get to work to not earn enough to pay for food, housing, and clothing.

The president has shown he doesn't know how to fix it.

 

[jillian]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

There is something borderline treasonous in wanting everything to be bad in this country just to put mitt romney in office.

why do you hate this country?

 

[Rshermr]

So, longknife says, wrongly:

This election is going to come down to pocketbook issues. Costs too much to get to work to not earn enough to pay for food, housing, and clothing.

The president has shown he doesn't know how to fix it.

Uh, what world have you been living in. For the past couple years, the pres has had a jobs bill. It is aimed at fixing the problem, quite obviously. Repubs have filibustered it, and refused to bring it to a vote. What would have happened, we can only speculate. But what did happen is obvious. Repubs have obstructed any possibility of fixing this unemployment issue.

 

[Rshermr]

I got news for all of you... and some of it is very good news. In Ohio/Pennsylvania, a company has just made a MAJOR discovery with the use of fracking in several fields that were thought to be completely dry since the early 1900's. Not too sure how much is there, but they claim right now that it is significant. The point? It's private lands, not federal. Permits are down 60% on federal lands just as Romney said in the debates. Look for gas to drop A LITTLE more when this comes on line (which, despite the ignorance of the left, won't be five or ten years as the left likes to say when you talk of drilling some where). The price will come down only a little because it's going to have to be transported to the east coast for refining.

Also, for those of us who support the Keystone XL pipeline, I've got some troubling news. TransCanada is being a corporate JERK. They say that they are not going to be using American made pipe or American union workers to build the pipeline. Additionally, they are taking Oklahoma and Texas land owners to court and having their land condemned instead of doing what American pipeline companies have been doing for one hundred years, which is working with the land owners. Farmers and Ranchers in Oklahoma and Texas (including me) are OIL FRIENDLY, except when they act like tyrants. TransCanada better shape up quickly, or like a growing chorus of voices here in Oklahoma and Texas, I will work against it. Question is: Will they see the writing on the wall?

If you are going to build the pipeline, we are for it but you MUST use American made pipe. Imagine using pipe constructed somewhere else? To what specs? Also, the whole positive side of the pipeline is JOBS. If you don't use American workers to build it and maintain it, then remind me again what the up side is?

Watching this one like a hawk...

So, oldsniper says:

I got news for all of you... and some of it is very good news. In Ohio/Pennsylvania, a company has just made a MAJOR discovery with the use of fracking in several fields that were thought to be completely dry since the early 1900's. Not too sure how much is there, but they claim right now that it is significant. The point? It's private lands, not federal. Permits are down 60% on federal lands just as Romney said in the debates. Look for gas to drop A LITTLE more when this comes on line (which, despite the ignorance of the left, won't be five or ten years as the left likes to say when you talk of drilling some where). The price will come down only a little because it's going to have to be transported to the east coast for refining.

So, here is the problem. You are saying supply is going to increase and drive down prices, somewhat. So maybe you would like to take a crack at explaining why oil supplies are higher than they have been in many years, and gas demand is lower than it has been in many years, BUT prices for gasoline has been going up over the past 6 months (until very recently).
If you believe in supply and demand in the oil industry, maybe you should re read the section in Wealth of Nations in which Adam Smith said monopoly power is not a good thing. Gas prices, as they have been over the past 40 years, will go where the oil companies want them to go. And any oil we find in the US will be sold on the world market, where we will enjoy about zero in terms of price relief. We have too little of the worlds oil supply.

 

[CrusaderFrank]

Oil: the one and only commodity impervious to supply and demand because it's sold on the "world market"

Yes, that's how totally ignorant Progressive really are

 

[Katzndogz]

So, longknife says, wrongly:

This election is going to come down to pocketbook issues. Costs too much to get to work to not earn enough to pay for food, housing, and clothing.

The president has shown he doesn't know how to fix it.

Uh, what world have you been living in. For the past couple years, the pres has had a jobs bill. It is aimed at fixing the problem, quite obviously. Repubs have filibustered it, and refused to bring it to a vote. What would have happened, we can only speculate. But what did happen is obvious. Repubs have obstructed any possibility of fixing this unemployment issue.

That would be Harry Reid obstructing the jobs bill. He's also obstructed the budget and the tax plan. Congress has passed the jobs bill, Reid won't let it into the Senate.

 

[Rshermr]

So, longknife says, wrongly:

This election is going to come down to pocketbook issues. Costs too much to get to work to not earn enough to pay for food, housing, and clothing.

The president has shown he doesn't know how to fix it.

Uh, what world have you been living in. For the past couple years, the pres has had a jobs bill. It is aimed at fixing the problem, quite obviously. Repubs have filibustered it, and refused to bring it to a vote. What would have happened, we can only speculate. But what did happen is obvious. Repubs have obstructed any possibility of fixing this unemployment issue.

That would be Harry Reid obstructing the jobs bill. He's also obstructed the budget and the tax plan. Congress has passed the jobs bill, Reid won't let it into the Senate.

Really? I must have missed something. Because the jobs bill was never voted on by congress. And of course, Reid has been a major supporter of the jobs bill. But then, maybe you are talking about the repub jobs bill. Except, of course, that would be dishonest of you since the repubs have no bill known as the jobs bill.
So, Katz, no links. What a surprise. Should we just take your word for it? You, a con tool?? Your word???

 

[Caroljo]

Does this mean our economy is tanking again??

According to Obama it is! Gee, I hope it doesn't go any lower!!!!!!

Today gas in town is down to 3.54! It hasn't been that low in it seems FOREVER.
But, it IS election season! Lol! I'm sure this won't last and our economy will be much better for it!
(sarcasm off)

Obama's Brutal Gaffe: Low Gas Prices Cratered Our Economy

He said when I took office, the price of gasoline was $1.80, $1.86. Why is that? Because the economy was on the verge of collapse, because we were about to go through the worst recession since the Great Depression, as a consequence of some of the same policies that Governor Romney's now promoting. So, it's conceivable that Governor Romney could bring down gas prices because with his policies, we might be back in that same mess.

In other words, bringing down gas prices by drilling creates economic recession. That was Obama’s argument.

Does anyone think this president understands basic economics?

There is something borderline treasonous in wanting everything to be bad in this country just to put mitt romney in office.

why do you hate this country?

Where did i say i WANTED everything to be bad? I love the idea of gas prices going down...i just quoted what Obama said is the reason for lower gas prices. Now, as of today, the gas price in our town is $3.41. I wonder how low it's going to go?? And Obama is the one that said lower gas prices mean the economy is going into recession....not me.