Robert
Really nice Guy
- Mar 21, 2011
- 1,496
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Anyone who's been paying attention knows.
One reason is a large portion of the oil supply is threatened by the "Democracy" movement. It's a joke because it has nothing to do with Democracy.
But the biggest threat is the shrinking dollar, thanks to the spending and the failure to deal with debt.
Absolutely incorrect.
What industry that you know of..floods the market with it's product to drive down it's cost?
Really? What industry does that?
Profit is made on scarcity. It's a simple economic concept..
OPEC has done it many times. They've also cut production to drive up the price.
You're not paying attention.
I said the main reason was we aren't using our own supply here. If we did it wouldn't make as much difference.
Oil companies are just following the rules and selling our oil on the open market. Problem is the dollar isn't worth as much so oil profits are going up with the price, but only if you're looking at dollars.
Obama knows this, he's counting on it, and he's taking advantage of it.
Here's a prediction suddenly right before the next election cycle Obama will magically find a way to bring fuel prices down in an effort to bolster his number's but during the mean time Obama will do absolutely nothing to stabilize the cost of energy. He's made this perfectly clear,