Gasoline prices down 40 cents just since April! (Florida, Georgia, gallon)

[stillkit]

Originally Posted by roysoldboy

Surely not, at all. Well maybe that is wrong since he allows drilling on private land inside our boundaries and that is where all that fracking is taking place. Naw, I don't think I will give Obama or Chu any credit for it.

What a surprise.

[afoigrokerkok]

Originally Posted by stillkit

Are you giving Obama credit for facilitating the oil patch boom?

The increased permits were approved before Obama took office...by the Bush administration. New permits are actually down since Obama has taken office.

[afoigrokerkok]

Originally Posted by Ruth4Truth

The price of oil also depends on conflicts that may be going on in oil-producing areas, like Nigeria. "Even" OPEC pricing is BS? The cartel was formed for the very purpose of arbitrary pricing. That's what cartels do. Control supply, and price their product however they want to their benefit.

Part of the reason for the increased prices earlier this year was the speculators' concern that the US and/or Israel would start a conflict with Iran and that Iran would close the Strait of Hormuz. The reason the oil prices droppped? Worse economic news, but also less concern that there would be a conflict with Iran

[pghquest]

Originally Posted by hotair2

That is it in a nutshell. Everything bad is Obama's fault everything good...well there must be another explanation. Predictable.

When OBAMA HIMSELF said presidents are responsible, then why shouldnt people hold him responsible?

[pghquest]

Originally Posted by stillkit

Are you giving Obama credit for facilitating the oil patch boom?

For what? The boom is taking place on private land, outside of the jursidiction of the federal government.

Another example of liberals trying to give Obama credit for something he had nothing to do with.

[Ruth4Truth]

Originally Posted by afoigrokerkok

Part of the reason for the increased prices earlier this year was the speculators' concern that the US and/or Israel would start a conflict with Iran and that Iran would close the Strait of Hormuz. The reason the oil prices droppped? Worse economic news, but also less concern that there would be a conflict with Iran

This supports my first point. Sorry, I'm not sure I get your drift.

[afoigrokerkok]

Originally Posted by Ruth4Truth

This supports my first point. Sorry, I'm not sure I get your drift.

Oh, I wasn't trying to contradict you. I was just trying to expand on your post.

[Finn_Jarber]

Originally Posted by stillkit

Are you giving Obama credit for facilitating the oil patch boom?

Obviously if BO was as anti-oil as some people claim, then he would have seen to is that any kind of oil boom would never take place on his watch, but it did. And the industry holds some 7000 permits for public lands which they are not even using.

[WannaliveinGreenville]

Originally Posted by roysoldboy

Your dad is a really old poop, isn't he? I will be 80 soon and the cheapest I remember was $0.25. Where did your dad live back then?

I remember in '97 when gas was 85 cents a gallon in Georgia...crossed over into Florida and it was $1.09....

[Three Wolves In Snow]

Originally Posted by stillkit

The price of fuel just keeps falling.

Does Obama get the credit? He got the blame when prices went up.


Lower gas prices could serve as stimulus - Jun. 15, 2012

I have kept receipts of my gas purchases since January. Big whoop that the prices have fallen 40 cents since April, they still haven't gone below what they were in January. All we did was get ripped off badly for awhile and now we are just being ripped off, still.

I'll give credit when the damn prices go below $2.00 again. Until then, all politicians are held responsible, in my eyes.