Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Early on in the campaign, I heard Hillary say that if she is elected President, oil will go back to $50/barrel.
How would she accomplish this? She didn't say, so I'm just wondering how she can make that happen. All the predictions are that it will go much higher, rather than lower.
Not going to happen...
If this country produced anything tangible, instead of bubbling economy on speculation, then things would change.
Euro is going to be the next world currency, EVEN FED said this is very probable.
The economy is going downhill. There is no "quick fix" for this.
The days of USA leading are over, face it. There are now many others,
doing much better than USA.
Recently Pimco's bond fund king Bill Gross said "What we are witnessing is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August." In short, not only Warren Buffett, but Bond King Bill Gross, our Fed Chairman Ben Bernanke, the Treasury Secretary Henry Paulson and the rest of America's leaders can't "figure out" the world's $516 trillion derivatives.
You're forgetting one thing. The reason oil is so high right now is because an oil man is in the White House getting rich off the American consumer that will soon be paying somewhere between $4 and $5 per gallon of gasoline. As soon as Bush is out of office, the price will immediately fall. Oil investors, knowing their man isn't in power anymore, will pull their winnings out causing a huge decline in value. This combined with a more stable foreign policy and I have no doubt we will see $50 oil before the end of 2009. Since I believe this is the #1 issue facing our country right now, Hillary has my vote if she gets the nomination.
Oil is higher because the U.S. dollar's value is falling relative to most other currencies around the world. The dollar's value is falling mostly because of the very high, and rising, balance of trade deficit America runs versus its trading partners, especially China. China does not allow its currency to "float" so it is presently reaping a great windfall in its balance of trade with the U.S. This is not sustainable, from the U.S. point of view.
However, the question is whether any U.S. president can do anything about this situation. How would the President address this economic reality? By putting into practice a "trade policy" regarding any fairness and structural issues regarding how trade in certain products is conducted with our trading partners, a "currency policy" regarding the U.S. dollar relative to the Chinese yuan, an "economic policy" that addresses both capital flows into/out of our country as well as the exporting of jobs and industrial capacity out of our country.
Has any previous U.S. President addressed any of these policies, much less all at the same time? Finding the answer to those questions is an exercise for the reader to undertake.
You're forgetting one thing. The reason oil is so high right now is because an oil man is in the White House getting rich off the American consumer that will soon be paying somewhere between $4 and $5 per gallon of gasoline. As soon as Bush is out of office, the price will immediately fall. Oil investors, knowing their man isn't in power anymore, will pull their winnings out causing a huge decline in value. This combined with a more stable foreign policy and I have no doubt we will see $50 oil before the end of 2009. Since I believe this is the #1 issue facing our country right now, Hillary has my vote if she gets the nomination.
And post one fact to back that up...
If what your stating is true, then oil prices through the world would be cheaper then the USA but if you've been anywhere, oil here is still relatively cheap.
Try posting real facts backed up with something, anything, and stay away from the conspiracy theory posts.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
