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Old 05-27-2012, 09:24 AM
 
Location: Long Island
32,816 posts, read 19,488,320 times
Reputation: 9618

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reason the gas prices are falling...the stockmarket has lost 1000 points...and dropping


stock market and ecomomy improves up gas prices will go...the economy falters and herads back to recession..gas prices will drop


were are headed for another recession,,,especially with the eurpoean problem
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Old 05-27-2012, 09:32 AM
 
4,571 posts, read 3,521,064 times
Reputation: 3261
Yet gas prices are still double what they were when obama took office.
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Old 05-27-2012, 09:50 AM
 
Location: Eastern NC
20,868 posts, read 23,558,348 times
Reputation: 18814
Quote:
Originally Posted by Ed from California View Post
Yet gas prices are still double what they were when obama took office.
Yet you still fail to see the truth as to why that is.
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Old 05-27-2012, 10:02 AM
 
1,182 posts, read 1,139,996 times
Reputation: 439
Quote:
Originally Posted by geeoro View Post
Now that gas prices are falling why are the people who were blaming Obama for the gas prices rising not on here now praising him for bringing the gas prices down???????????????
I didn't blame him nor will I praise him. Falling gas prices are happening because the world economy is slowing so maybe his fall campaign slogan will be "You might not have a job but you have cheap gas so drive to the tavern and drink it off".
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Old 05-27-2012, 10:11 AM
 
Location: Long Island, NY
19,792 posts, read 13,951,723 times
Reputation: 5661
Quote:
Originally Posted by Ed from California View Post
Yet gas prices are still double what they were when obama took office.
//www.city-data.com/forum/24482624-post63.html
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Old 05-27-2012, 10:13 AM
 
69,368 posts, read 64,118,301 times
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Quote:
Originally Posted by MTAtech View Post
Quote:
Originally Posted by trlhiker View Post
Yet you still fail to see the truth as to why that is.
Ed made a factual statement..

Hey liberals, if Obama is responsible for making the gas prices come down, then wouldnt it be his fault when they went up as well? Noo, of course not..
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Old 05-27-2012, 10:15 AM
 
1,332 posts, read 994,952 times
Reputation: 730
Quote:
Originally Posted by geeoro View Post
And there are idiots in the USA who think that bringing back Bush doctrines will not sink the Country again. Obama is doing a good job getting us out of the HUGE hole that the Bush and Republican administration got us into.... we must NOT forget or go there again and that is what a Romney administration... or should i say Bush third term, would do.
Do you believe that you actually KNOW what you are talking about?

obama has put almost $7 TRILLION onto the federal deficit. Bush totaled $5 TRILLION over an 8 year stretch.

The MAIN reason for the recession at the end of 2008 was the housing market collapse...which lead to the bank bailouts...etc. But the REASON for the housing collapse was generated YEARS back under Clinton...when the democrats got it into their heads that ALL Americans should be able to own a house....and they went about guarnateeing BAD loans to people who had NO BUSINESS at all buying a house, because they could NOT AFFORD IT. Fannie and Freddie backed those loans...and it was REPUBLICANS who warned of the danger approaching...even BUSH HIMSELF....and the dems completely ignored them...saying that the republicans were waging a war on low income people and didn't want them to live the American dream. Well...how did THAT all turn out??

Also...as you left wingtards LOVE to forget...the democrats controlled BOTH houses of congress for the final 2 years of the Bush administration AND the first 2 years of the obama administration. So...being that it's congress who pretty much pushes bills and legislation through for the president to sign, I'd say the democrats are DIRECTLY responsible for the sh*t mess this country is in right now...NOT the republicans.

obama is doing a good job getting us out of the mess created by Bush?? we must not forget or go there again?? WOW!! Again....learn your history sonny and embrace the truth...because you clearly have no real grasp on the facts at this point.

Here's a little something to educate yourself with....learn something.


Republicans wanted regulation of Fannie Mae, Freddie Mac - YouTube

Last edited by CaseyB; 05-27-2012 at 11:45 AM.. Reason: personal attack
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Old 05-27-2012, 10:19 AM
 
Location: the Beaver State
6,464 posts, read 13,442,036 times
Reputation: 3581
Quote:
Originally Posted by nononsenseguy View Post

But, it takes oil (jet fuel) to put that new Boeing 'Dreamliner' in the air, and any other aircraft. No amount of 'green' energy is going to replace oil. And oil is plentiful. We have more here on the continental U.S. than in all of the Middle East combined. We have enough to sustain us for hundreds of years with what we know we have right now. And some (and I catch fire for this — so what?) believe that the earth constantly produces oil.
I'm pretty sure that most of the oil in North America is heavy crude, which does not refine down to gasoline very well or as cheaply as light sweet crude oil does. That's why we export most of it, and don't have refineries here.
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Old 05-27-2012, 10:38 AM
 
14,247 posts, read 17,924,929 times
Reputation: 13807
Oil is now at a 7 month low ($90.72) but the average gas price is still 40cents/gallon higher than it was last December.

Gas Price Historical Price Charts - GasBuddy.com
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Old 05-27-2012, 10:39 AM
 
1,182 posts, read 1,139,996 times
Reputation: 439
All of us need to face the facts. And the facts are this: aside from the week to week price changes in gas, there is no more era of cheap gas. Right now $3 a gallon might seem cheap but by historical averages it is not. We often hear stories as to how these great new technologies like fracking and horizontal drilling are going to usher in a new era of super cheap energy. It is not going to happen. The fact is that they are only using these new technologies to get oil because they can sell it for $90 or more a barrell. Let the price fall below $60 a barrell and see what happens. Williston will look like a ghost town. This is because it is expensive to frack and use all this new technolgy. It is like the difference between using a straw to suck soda out of full cup vs getting the last little bit of it out of the bottom of the ice. It takes hundreds of gallons of water to extract each barrel of oil. Water that has to be trucked in and oil that has to be trucked out. Fracking and sands oil is not cheap like drilling a hole in the ground and sucking crude out of it. Then the demand side is the other reason that the days of cheap gas are over. For many decades, we were the biggest and about the only buyers of oil. We controlled it, it was sold in USA dollars and we decided pretty much how much we would pay for it. And if the Arabs didn't like it, well they could kiss our ass or we would just invade and put a more friendly government there. That ended with OPEC and is ending more with the Arabs entering the nuclear club. Back then the Chinese and Indians were riding bicycles and living in mud huts in the country side. Now China and India consume more and more oil each year. China has to build a city the size of Houston every year to keep up with their population as more and more of them move into the middle class and want nice apartments and cars like we have. The demand there and in India and Brazil is going to only go one way- up. And there is nothing that any President can do about it. Not Obama, not Romney, not Newt.
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