Oil prices have Doubled since Obama took office., page 3
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ATS Members have flagged this thread 23 times


reply posted on 7-6-2009 @ 07:53 PM by Veritas26
reply to post by Hastobemoretolife



if we alll used magnetic cars this wouldnt be a problem HAHA


reply posted on 7-6-2009 @ 07:56 PM by dooper
reply to post by felonius



You and schrodinger have it down.

The dollar is increasingly equal in value to toilet paper.

It's not only not worth squat, it's headed much further downward in value as OBAMA's crushing the dollar with his treasury secretary and massive deficit spending.

All other things being equal, it will take increasingly many more dollars to purchase a gallon of gasoline.

Let's see.

He's been in office 6 months.

Boy, is the future looking bright, or what?


reply posted on 7-6-2009 @ 09:53 PM by Brock Warren




reply posted on 7-6-2009 @ 10:27 PM by disgustedbyhumanity
reply to post by AshleyD



Bush continued to buy oil for the strategic reserve even as prices soared. It was an idiotic move and the effect of raising prices even further. Bush sent us to IRAQ. It is debatable if he did this mainly to secure oil and disrupt supply. Bush is far from innocent as you say. He obviously did some things that furthered the cause of those in the oil business.

Of course Bush wasn't the only culprit. Wall ZStreet had much to do with the rise just as they do now. The current price increases are not linked to increase demand or lack of supply as was the case under Bush.

We won't have steady oil prices until we get the speculators out. They only profit if the price changes are large. Doesn't matter which direction. We need to limit commodity trading to those who actually take delivery of the underlying commodity.


reply posted on 7-6-2009 @ 10:43 PM by dooper
reply to post by TheInfamousOne



Maybe you haven't been paying attention.

The US has anything BUT a free market!

Aside from nationalizing banking, insurance, automobile production, and looking hard at healthcare, one must not forget the onerous burden of unnecessary regulation.

Combine that with OPEC, if this is your idea of free markets, then it may do you good to crack open an economics book.

Or take economics 101 at your local university.

A good freshman knows more about markets than all the turds in Washington.


reply posted on 7-6-2009 @ 10:51 PM by jsobecky
reply to post by disgustedbyhumanity



Originally posted by disgustedbyhumanity
We won't have steady oil prices until we get the speculators out. They only profit if the price changes are large. Doesn't matter which direction. We need to limit commodity trading to those who actually take delivery of the underlying commodity.


This is true. Speculators were the largest single factor in the $147/bbl crude oil prices last year. This from suits who wouldn't recognize a barrel of crude if it fell on their head.

Simple solution? Change the law to make speculators take physical possession of the oil they trade.


reply posted on 7-6-2009 @ 11:53 PM by Ahabstar
reply to post by marg6043



I'll see your question and take it one better. For a country that has the chemical technology and knowhow to make an 87 year old man function sexually again with various different pills, why are we still using dirty old non-renewable petrol products?

To borrow a line from a great online webcomic, after 100 years of building cars we should be just about able to make them run on rainbows and unicorn farts by now.
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