Gasoline under $2 here today

[Duff Miver]

So now it's time for all the Fox News lovers to heap praise on the President. After all, you jerkoffs blamed him when it was $3.65.

So....let's hear it, loud and clear.

Praise Obama, our hero!!!

 

[ssd]

much like Obama has nothing to do with the stock market highs, he has nothing to do with the gas price lows.

You can thank the FED for the stock market and you can thank Saudi Arabi for the gas prices.

OPEC has not and will not cut oil production. They are squeezing Russia - leading to a drop in the value of the ruble and causing some panic in the Russian populace. Ruble/US trading was actually halted for a day in the foreign exchange market as the ruble went from 50 / USD to 70 /USD.

Unfortunately for the US shale boom, lower oil prices are making shale oil unprofitable at these current levels.

Something will have to give.

 

[WhatsHisNuts]

much like Obama has nothing to do with the stock market highs, he has nothing to do with the gas price lows.

You can thank the FED for the stock market and you can thank Saudi Arabi for the gas prices.

He never has anything to do with it when it is going good, but is always indicative of his shitty administration when it goes south. We got it. That's kind of the point Muff is making.

 

[shawn555]

much like Obama has nothing to do with the stock market highs, he has nothing to do with the gas price lows.

You can thank the FED for the stock market and you can thank Saudi Arabi for the gas prices.

OPEC has not and will not cut oil production. They are squeezing Russia - leading to a drop in the value of the ruble and causing some panic in the Russian populace. Ruble/US trading was actually halted for a day in the foreign exchange market as the ruble went from 50 / USD to 70 /USD.

Unfortunately for the US shale boom, lower oil prices are making shale oil unprofitable at these current levels.

Something will have to give.

:mj07::mj07::mj07:

Looked it up.

Was $1.85 / gal when Obama was inaugurated.

http://news.consumerreports.org/cars/2009/01/gas-prices-2.html

I haven't done the math on # of gallons used per day, etc but that is a huge amount of money that consumers are now paying for gas instead of other stuff.

 

[Duff Miver]

:mj07::mj07::mj07:

Yep. ssd pretends not to be a Limbaugh-bot, but his own words prove he is one of them.

Something, anything, bad happens, it's all Obama's fault.

Something good happens, Obama had nothing to do with it.

ssd's just a more literate version of hedge.

 

[ssd]

Hey, Duff.

Go suck a bag of dicks.

I have forgotten more about the economics and finance that you will ever know.

That post of mine that you quoted me on from Obama's inauguration - with the price at $1.85 per gallon - does that post in any way blame Obama?


If Obama is so great and the economy is doing so well, why are oil prices down?

It's a supply and demand issue with Saudi pumping their brains out, shale oil AND....

US Demand is DOWN. Now, with our economy oil-based, if things are sooooo great, why is oil consumption down?


Likewise, if the jobs #'s are soooo great, why ar employee withholding tax amounts at 2011 levels - mid recession levels?


Again, Duff. It's sad because you are apparently smart but fucking ignorant.

 

[Duff Miver]

Hey, Duff.

Go suck a bag of dicks.

I have forgotten more about the economics and finance that you will ever know.

That post of mine that you quoted me on from Obama's inauguration - with the price at $1.85 per gallon - does that post in any way blame Obama?


If Obama is so great and the economy is doing so well, why are oil prices down?

It's a supply and demand issue with Saudi pumping their brains out, shale oil AND....

US Demand is DOWN. Now, with our economy oil-based, if things are sooooo great, why is oil consumption down?


Likewise, if the jobs #'s are soooo great, why ar employee withholding tax amounts at 2011 levels - mid recession levels?


Again, Duff. It's sad because you are apparently smart but fucking ignorant.

Insults won't make you any smarter, but, WTF, I'll help you understand some simple economics:

1. Oil prices are down because present supply is greater than present demand. Supply is up because of greatly increased production in Canada, the USA, Russia, Venezuela, and elsewhere. Elsewhere isn't Saudi. Saudi exports of oil are down, lower than in 2005 I'll attach some little pictures picture for you. Demand is down because the world fleet is much more fuel efficient, and because many world economies are soft.

2. Obama has nothing whatsoever to do with the world price of oil. Go read an Economics 101 textbook.

3. Who said job numbers are sooooo great? What is improved, but not as good as it should be, is percentage of unemployed, although many of the recently employed have had to accept shit jobs at low wages. Let the unemployment numbers drop below 5% and employers will pay better wages, and therefore withhold more taxes.

An appropriate response would not be: Huh?