The Republican economic disaster

[glockmail]

4 months before the elections, they drop gas a couple pennies and you drop your pants. It'll go right back to 4.50 a gallon if we are dumb enough to vote for the republicans again.

Insanity is doing the same thing over and over and expecting a different outcome each time.

Actually, the price of crude was still rising when George Bush lifted the Presidential order against offshore drilling, causing the price to immediately drop 20%. Now it's Congress's turn to lift their restriction. We are still waiting for the Democrats to come back from vacation and join their republican counterparts who have been in a weeks long protest attempting to do just that.

 

[Chris]

Actually, the price of crude was still rising when George Bush lifted the Presidential order against offshore drilling, causing the price to immediately drop 20%. Now it's Congress's turn to lift their restriction. We are still waiting for the Democrats to come back from vacation and join their republican counterparts who have been in a weeks long protest attempting to do just that.

More lies......

The price of gas dropped because American drove 8 billion fewer miles last month.

 

[Chris]

Kirk loves using that completely biased site that puts all the blame for the spending solely in the hands of Reagan and Bush. He likes to ignore that congress is the one who holds the purse strings, and Reagan had Democrat Congresses the entire time he was in Office.

Kirk Is nothing But a blatant partisan HACK!!

Prove me wrong.

You can't because it is the truth, and Republicans can't handle the truth.

ReaganBushDebt.org Calculation Details

 

[DiamondDave]

Your use of your left wing blog is not proof, partisan Kirk... the burden of proof is on you to actually have some supporting facts and not slogans and whack-job partisan rhetoric

 

[DiamondDave]

More lies......

The price of gas dropped because American drove 8 billion fewer miles last month.

Miles had been dropping all the while the price of gas was rising... nice try

 

[glockmail]

More lies......

The price of gas dropped because American drove 8 billion fewer miles last month.

The reduced mileage may be a minor factor, but prices were driven up by speculation, and Bush's action stoped that:

Oil prices, which climbed up to a record point on 12 July ($147 per barrel), set to drop rapidly after a week. Price for August futures for American Light Sweet Crude Oil dropped by almost 20% within a week to $128 per barrel. In recent three days, price for crude oil in New-York descended by $15.89 per barrel.
...

However, the reasons for such a rapid drop in prices are clear. Fortunate concatenation of two circumstances at the end of last week decreased fuel prices: lift of White House’s moratorium on oil production in own shelves and slackening of tension between Iran and western countries.

Trend Capital : Two Factors of Oil Price Drop

 

[editec]

I suspect that the recent drop in prices is because of both events, personally.

People driving less AND Bush making a gesture likely drove some of the ffoth out of the petroeum speciulation game.

 

[DiamondDave]

Also... less driving mileage and gas usage WERE HAPPENING FOR A YEAR BEFORE THE PRICE DROP... A.K.A. ALL DURING THE PRICE INCREASES...

a little fact Kirk chooses to ignore because it throws a monkey wrench in his simplistic explanation

 

[Chris]

Also... less driving mileage and gas usage WERE HAPPENING FOR A YEAR BEFORE THE PRICE DROP... A.K.A. ALL DURING THE PRICE INCREASES...

a little fact Kirk chooses to ignore because it throws a monkey wrench in his simplistic explanation

It's called supply and demand.

It's what sets the price of every commodity.

 

[DiamondDave]

It's called supply and demand.

It's what sets the price of every commodity.

You keep claiming that the drop in 1 month caused it... yet all the while CONTINUAL drops in mileage and use were going on , we had continual raises in the price of gas

The FACT is that more than just the usage we had was effecting the price of gas in the GLOBAL market and at the pump here in the US.... and it is more than just your little fact of less miles being driven that is effecting the now bit lower price

Something you can not get thru your tiny cranium

 

[Chris]

You keep claiming that the drop in 1 month caused it... yet all the while CONTINUAL drops in mileage and use were going on , we had continual raises in the price of gas

The FACT is that more than just the usage we had was effecting the price of gas in the GLOBAL market and at the pump here in the US.... and it is more than just your little fact of less miles being driven that is effecting the now bit lower price

Something you can not get thru your tiny cranium

Supply and demand sets the price of gas.

 

[DiamondDave]

Again... but your argument holds no water as it would have effected it with other supply and demand changes as well


And you also forget, moron, that it is not just OUR supply or demand that effects the global market for oil and gas

 

[sealybobo]

Hmmm..........let's see........

Rising unemployment.........check.

Record budget deficits........check.

Housing collapse.................check.

Record gas prices................check.

Record profits for Exxon.......check.

Bushie, you're doing a HECKUVA job!!!

Let us never forget

 

[Rshermr]

You keep claiming that the drop in 1 month caused it... yet all the while CONTINUAL drops in mileage and use were going on , we had continual raises in the price of gas

The FACT is that more than just the usage we had was effecting the price of gas in the GLOBAL market and at the pump here in the US.... and it is more than just your little fact of less miles being driven that is effecting the now bit lower price

Something you can not get thru your tiny cranium

Supply and demand sets the price of gas.

Funny. Next.

 

[EdwardBaiamonte]

You keep claiming that the drop in 1 month caused it... yet all the while CONTINUAL drops in mileage and use were going on , we had continual raises in the price of gas

The FACT is that more than just the usage we had was effecting the price of gas in the GLOBAL market and at the pump here in the US.... and it is more than just your little fact of less miles being driven that is effecting the now bit lower price

Something you can not get thru your tiny cranium

Supply and demand sets the price of gas.

yes and lets not forget that govts are heavily involved in both the supply and demand so it is far from a free market.

 

[Rshermr]

Hmmm..........let's see........

Rising unemployment.........check.

Record budget deficits........check.

Housing collapse.................check.

Record gas prices................check.

Record profits for Exxon.......check.

Bushie, you're doing a HECKUVA job!!!

Let us never forget

Nice synopsis. Right to the point.