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Old 04-20-2011, 08:32 AM
 
Location: Texas
38,859 posts, read 25,538,911 times
Reputation: 24780

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Whatever the tipping point is, oil prices will stay below it. The oil exporters depend utterly on selling their oil. Those sales would plummet if the economy collapsed. That's the last thing they'd want.
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Old 04-20-2011, 08:42 AM
 
Location: Portland, OR
8,802 posts, read 8,898,352 times
Reputation: 4512
Quote:
Originally Posted by ScoPro View Post
When the evile Bush/Cheney regime left office, gas was $1.85 per gallon.

So isn't Obama responsible for it doubling in two years?

Do you really think Obama's personal consumption of gasoline is responsible for the high oil prices?
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Old 04-20-2011, 08:54 AM
 
22,768 posts, read 30,733,597 times
Reputation: 14745
Quote:
Originally Posted by MiamiRob View Post
perhaps a better question would be why does Venezuela pay 89 cents for a gallon of gas while we pay 4times as much for the same product?
Because their government owns the oil, and sets the price.

Quote:
Maybe we should ask Cheney and his secret "Oil" meetings instead.
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Old 04-20-2011, 08:57 AM
 
746 posts, read 1,242,876 times
Reputation: 859
anything over $40/barrel
Yes, we are already in a collapse, look around you.
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Old 04-20-2011, 09:03 AM
 
2,149 posts, read 1,516,680 times
Reputation: 2488
Who we get our oil from:


Crude Oil and Total Petroleum Imports Top 15 Countries
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Old 04-20-2011, 09:06 AM
 
746 posts, read 1,242,876 times
Reputation: 859
Quote:
Originally Posted by Watchman57 View Post
Nobody, because no one will accept our de-valued currency
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Old 04-20-2011, 09:10 AM
 
Location: deafened by howls of 'racism!!!'
52,698 posts, read 34,555,075 times
Reputation: 29286
Quote:
Originally Posted by Sky1 View Post
Nobody, because no one will accept our de-valued currency
they're taking billions of dollars worth every week in exchange for their oil
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Old 04-20-2011, 09:11 AM
 
2,149 posts, read 1,516,680 times
Reputation: 2488
Yep and they are running and dumping the dollar like crazy:


Dollar status questioned ahead of G-20 confab - Apr. 15, 2011


http://profit.ndtv.com/news/show/brics-to-replace-dollar-credits-with-local-currencies-149845?pfrom=home-Business (broken link)

Last edited by Watchman57; 04-20-2011 at 09:12 AM.. Reason: forgot to add link
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Old 04-20-2011, 02:46 PM
 
Location: Round Rock, Texas
12,950 posts, read 13,342,606 times
Reputation: 14010
Quote:
Originally Posted by VTHokieFan View Post
Do you really think Obama's personal consumption of gasoline is responsible for the high oil prices?
Of course not, unlike the tens of millions of Bush-haters who spouted off for years about him, the evil Dick Cheney, and their "Big Oil buddies" conspiring to gouge the American people all in the name of rightwing greed.

But those same fools don't seem to mind that identical increases are happening with The Chosen One at the helm.

And HE DOES NOT CARE we have to pay the higher prices...."Get used to it" he says.
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