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10-20-2014, 01:11 PM
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#1
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Account Disabled
Join Date: Dec 23, 2009
Location: Central Texas
Posts: 15,047
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Gasoline is less than $3 a gallon
I just paid less than $3 a gallon for the 2nd fill up in a row. 
I am not going to give Obama credit for lowering the price of gasoline any more so than I blamed him when the ppg rose higher than $4.
How many of you are willing to admit the same?
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10-20-2014, 01:38 PM
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#2
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Valued Poster
Join Date: Mar 28, 2012
Location: Tel Aviv
Posts: 6,287
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Quote:
Originally Posted by bigtex
I just paid less than $3 a gallon for the 2nd fill up in a row.
I am not going to give Obama credit for lowering the price of gasoline any more so than I blamed him when the ppg rose higher than $4.
How many of you are willing to admit the same? |
I admit I will not give Obama credit for gasoline costing less than 3 bucks per gallon in the United States.
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10-20-2014, 01:38 PM
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#3
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Account Disabled
Join Date: Sep 3, 2011
Location: Here
Posts: 7,567
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Quote:
Originally Posted by bigtex
I just paid less than $3 a gallon for the 2nd fill up in a row.
I am not going to give Obama credit for lowering the price of gasoline any more so than I blamed him when the ppg rose higher than $4.
How many of you are willing to admit the same? |
Presidents have no control over gas prices. I'll even go further than that. Presidents don't create jobs in the private sector. They are only able to create jobs in Government on the Federal level. Admit that one too.
Jim
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10-20-2014, 02:10 PM
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#4
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Valued Poster
Join Date: Jan 6, 2010
Location: Ikoyi Club 1938
Posts: 7,098
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Price is down because of world supply.
BO does everything he can do to lower that supply.
Supply is up despite BO efforts.
People will now have more spending money for Christmas.
You can thank the oil companies and the 9 million good folks who they employ
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10-20-2014, 03:03 PM
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#5
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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ISIS is flooding the market with less expensive "black market" (no pun intended) oil stolen in Iraq, because Obama didn't step in fast enough to stop ISIS .. so he gets the credit!
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10-20-2014, 04:46 PM
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#6
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Account Disabled
Join Date: Jan 20, 2010
Location: Houston
Posts: 14,460
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Thanks Obama! Thanks ISIL!
No heads for oil!
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10-20-2014, 05:32 PM
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#7
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Account Disabled
Join Date: Jan 3, 2010
Location: Here.
Posts: 13,781
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Presidents can effect world energy pricing; thru actions as well as in-actions.
In this case prices are down because world economies aren't doing so well - Europe is close to a recession. China growth is slowing. The US economy should be roaring, with cheap money, cheap energy, and cheap labor. But it isn't. Government policies are the reason economies are struggling. With respect to failing domestic economic policies, that is all Obama.
http://www.forbes.com/sites/investor...h-in-the-west/
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10-20-2014, 05:39 PM
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#8
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Valued Poster
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 61,083
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I blame Obama. And the free market.
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10-20-2014, 05:57 PM
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#9
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Account Disabled
Join Date: Dec 23, 2009
Location: Central Texas
Posts: 15,047
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Quote:
Originally Posted by Whirlaway
Presidents can effect world energy pricing; thru actions as well as in-actions.
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Perhaps if MLK would have actually "opposed illegal immigration," (as TrendingIdiot boldly proclaimed but has yet to prove) we might not be having these fluctuating gasoline prices. 
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10-20-2014, 05:57 PM
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#10
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Valued Poster
Join Date: Mar 31, 2010
Location: Houston
Posts: 15,054
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This is not good news for States that are prime energy producers, especially those that are tapping into the new technologies that allow oil to be accessed, such as Fracking, extremely deep water drilling, and Oil Shale.
Unlike the Saudi Arabians, we just can't dig a hole and find oil. It takes the best minds we have to come up with the methods that allow us to be energy dependent.
The catch is, as long as crude sells for over $85 a barrel, we can be profitable. Below that, and profits suffer.
So, lower oil prices actually make us more dependent on foreign sources, such as the Middle East,
So, Americans who are enjoying the fruits of great jobs in the domestic energy sector may soon find themselves in an unemployment line.
This is what the Saudis want.
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10-20-2014, 06:13 PM
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#11
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Valued Poster
Join Date: Jan 16, 2010
Location: Texas
Posts: 51,038
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Quote:
Originally Posted by Jackie S
...as long as crude sells for over $85 a barrel, we can be profitable. Below that, and profits suffer.
So, lower oil prices actually make us more dependent on foreign sources, such as the Middle East, ....
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As long as crude sells for UNDER $85 a barrel we don't have to "dig" a hole here. Sop up as much as we can sop while it's cheap, and keep "ours" in the ground until there ain't no more to sop "over there."
In fact ... top off the strategic reserves and ....
... push some down into the ground elsewhere for an "economic reserve."
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10-20-2014, 07:23 PM
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#12
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Some analysts are saying the drop is because of a big supply from the USA to hurt Putin with low prices.
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10-20-2014, 09:13 PM
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#13
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Account Disabled
Join Date: Jun 19, 2011
Location: Dixie Land
Posts: 22,098
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10-20-2014, 11:02 PM
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#14
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Valued Poster
Join Date: May 20, 2010
Location: Wichita
Posts: 28,730
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Quote:
Originally Posted by i'va biggen
Some analysts are saying the drop is because of a big supply from the USA to hurt Putin with low prices.
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But LittleEva, not long ago you said that the world market was unaffected by US production. You said the price was set by speculators. So which is it?
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10-21-2014, 12:14 AM
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#15
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Account Disabled
Join Date: Jan 20, 2011
Location: kansas
Posts: 28,773
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Quote:
Originally Posted by i'va biggen
Some analysts are saying the drop is because of a big supply from the USA to hurt Putin with low prices.
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Quote:
Originally Posted by CuteOldGuy
But LittleEva, not long ago you said that the world market was unaffected by US production. You said the price was set by speculators. So which is it?
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But dull knife do you see anywhere that I said? Please note the word analyst's then go back to your soup it will get cold.
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