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its postings like this that provide non stop comical relief. Please share with me some of these GOP attacks and policies which have been harmful at producing more jobs..
btw, market down 207 now.
It is funny that Obama does things that the American people like, like pulling troops out of wars, cutting gas prices a little, getting people access to HC, ... and on and on. That is hilarious stuff!
PROFITS drive the stock market prices.. and lower fuel costs would mean more profits for every corporation in america because they have to buy fuel..
Companies like UPS, down, makes absolutely no sense since again, most of their operating costs is FUEL. Lower fuel costs would mean higher stock prices, not lower.
But please educate me on where I'm wrong. I cant wait to hear another line of bs from you like the last posting of yours.
How could anyone possibly educate the one who knows all?
Isnt that the truth.. the stock market should be skyrocketing today due to lower operating costs for all businesses. Even airline stocks are down which makes absolutely no sense, since their biggest expenses is fuel.
Worst. Logic. Ever.
Have you not been paying attention to the stock market and oil prices together over the past several years?
When oil was sky-high in 2008, and the stock market crashed, where did oil go? Guess what: not up.
Over the course of the recovery when the stock market went up, guess where oil went? Not down.
It is a sad fact that oil prices are being so heavily linked to the stock market. It just shows how much influence the speculators have on a commodity that needs to be nationalized.
He could have allowed more drilling and it would have had the same effect on oil prices. The SPR is there to keep our country running during a SHTF scenario, and should completely off limits for use as a political tool. I am VERY disappointed in this move.
I don't think of this move as something to brag about (it is merely a 1.5 day supply for goodness sake), but it is amusing to see knickers in a twist among many. Okay, so you hate this move of his as well. Now, what would you like him to do to reign in the prices and ensure welfare of the stock market that you're, clearly, worried about?
Ooh brother, I dont know why I spend so much time educating people who clearly havent spent any time in economics classes..
1) The fact that its a 1.5 day supply, and the oil is dropping so fast, would equate to a temporary drop that will simply go back up as people who have margined accounts stopp getting margined out of their positions.
2) The oil needs to be REPURCHASED, which will increase the demand on future production, which will then increases prices AGAIN..
3) With lower oil prices, the stock market should be HIGHER. I'm simply stating FACTS.. Lower oil prices equal higher profits for companies that rely heavily upon oil, like UPS, airlines, etc, and they are DOWN.. THATS NOT NORMAL.
You can sit here and come to the conclusion that Im posting FACTS, simply because I dont like Obama, but that would mean you dont like the FACTS, and can only attack me, rather then the facts posted.
obama is a tool. Anyone who hails this move thinking it was smart is just plain stupid. obama's brain dead minions are damned idiots as they show us here each and every day.
Oil down over 5% to $90/bbl. Obama pulling out all the stops...releasing 30 Million barrels and pulling 30k troops.
Speculators crushed.
Effectively a major tax cut.
Wall Street tumbles on economic concerns, oil selloff - Yahoo! Finance (http://finance.yahoo.com/news/Wall-Street-drops-at-open-on-rb-3592006168.html;_ylt=Aml0t2ny9ebrzj4GTefXpKa7YWsA; _ylu=X3oDMTE1amdvZ2FuBHBvcwMzBHNlYwN0b3BTdG9yaWVzB HNsawNkb3dmYWxsczIwMG8-?x=0&sec=topStories&pos=main&asset=&ccode= - broken link)
"Speculators crushed?" The speculators who were betting on price drops are making out like bandits. Why do you support taxpayer subsidies for speculators?
How many barrels a day do you think the US uses daily? Its somewhere to the tune of 21 million barrels. So hopefully they are going to pump 30 million barrels daily from the reserves....Don't hold your breath.
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PROFITS drive the stock market prices.. and lower fuel costs would mean more profits for every corporation in america because they have to buy fuel.. 
