OIL PRICES (Title Edited by Moderator

[NewHampshire Black Bears]

(from Yahoo Business News)

Gasoline Prices Shot Up to a RECORD new High.......ABOVE $3.30 a gallon, and are poised to rise Even FURTHER !

Oil Prices meanwhile, supported the gasoline price rally by Jumping MORE than $ 1.00 a barrel after a DISMAL employment report sent the Dollar LOWER !!

 

[USAir757]

Gas prices don't have much to do with the president. Blame America's dependance on fuel, especially those that chose to drive Cadillac Escalades, H2s, and all those other gas-guzzling monsters.

Spoken like a true Democrat... blame your government for what is your own fault. :down:

 

[NewHampshire Black Bears]

OK, genius, all "us" democrats will now sit quietly.....while YOU as a Republican.....educate us about 3 straight quarters of RISING unemployment figures...........With NO END in sight !!

YOUR "ON"
(yfm)

 

[local 12 proud]

Bears, are you really that naive?

Take a trip over to Oahu where it has to be shipped in one tanker at a time, its only about .35 cents more for the cheap crap.

We're being screwed from DC....

Hey Billary will set things right! 😛

 

[USAir757]

I'm not really a republican by definition... I just believe in self-dependance. I know you start these topics just to try and start up another b*tch session... and that's fine with me. But people that blame everything that's bad in their lives on the president or the government just get on my nerves. It's like blaming the CEO of a major restaurant chain because the mens room wasn't swept in a random store in Nebraska. We all know you don't like Bush... you're a total left-wing, bleeding heart liberal, wanting to blame everything on the president, including your newly ingrown toenail... we all get it.... the only way to salvation is to just pull the 'D' lever all way down, right? :wacko:

 

[NewHampshire Black Bears]

I'm not really a republican by definition... I just believe in self-dependance. I know you start these topics just to try and start up another b*tch session... and that's fine with me. But people that blame everything that's bad in their lives on the president or the government just get on my nerves. It's like blaming the CEO of a major restaurant chain because the mens room wasn't swept in a random store in Nebraska. We all know you don't like Bush... you're a total left-wing, bleeding heart liberal, wanting to blame everything on the president, including your newly ingrown toenail... we all get it.... the only way to salvation is to just pull the 'D' lever all way down, right? :wacko:

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

"ME".....A total left-wing bleeding heart liberal ?,..................you'd only be 60% correct !

Being strong on the concepts of Organized Labor, does NOT a "BH" liberal make !

Now as to that Nincompoop @ "1600"................you'd be 120% correct.


COMMENT DELETED BY MODERATOR

 

[KCFlyer]

Gas prices don't have much to do with the president. Blame America's dependance on fuel, especially those that chose to drive Cadillac Escalades, H2s, and all those other gas-guzzling monsters.

Spoken like a true Democrat... blame your government for what is your own fault. :down:

US...here in Kansas, even DOGS are republican. And they happily drive their H2's and Escalades...but somehow they have great difficulty blaming themselves for the price of gas.

 

[Gilding the Lily]

UGH... yet another post of mob mentality lynching? You have to blame someone, so why not place all your blame on the president because he is such an easy target. If there is a problem, you have to find the cause... and you love it when that cause can be someone rich, powerful and maybe even in politics. Like I said, you gotta blame someone!

Oil is a commodity. The prices are not determined by one man or in some secret skull-and-bones room in Texas. As other commodities, it is traded in commodity markets around the globe... and now even by some pimply faced kids in front of a computer screen. The price is set by market forces... or, in essence, by what the traders believe are the current and future market forces. They anticipate fluctuations in supply and demand. They short sell on a mouse's whisper of a potential terrorist strike in Nigeria. They buy when another china man buys an automobile or when some kid farts in Pakistan.

Right now is a perfect storm... you have people who got out of stock and into commodities. You have extra demand and not as much production to counter it. You have foreign investors dropping the dollar and buying oil. Essentially, you have increased demand and trading momentum. Why is this all Bush's fault? Do you propose more restrictions?

Grab your pitchforks... I know someone to blame!

-- show me the man and I will find the crime -- Lavrenti Beria

 

[NewHampshire Black Bears]

Lily,

Are you suggesting that all the multi Billions $$$$....wasted in Iraq, has had zero effect on the US economy ???????

 

[Richard]

Keep this one civil--or it's closed and time off granted.

 

[Gilding the Lily]

Lily,

Are you suggesting that all the multi Billions $$$$....wasted in Iraq, has had zero effect on the US economy ???????

No. I ask why is it ALL Bush's fault. And why are you now switching to the economy in general? You started off just blaming oil prices on him (the mod apparently didn't like your title).

Bush can be blamed for many things, but not everything. A small part of the blame for oil prices can probably go Bush's way but not most of it... unless you blame him for not invading Nigeria to "stabilize" the area.

Again... it is the market forces that commodity traders perceive that creates the flux in price. Those market forces include supply/demand analysis, speculative trading, instability, etc....

I know you love to hate Bush (I am not the biggest fan either), but it is difficult to blame him for something in which he has little control.

 

[USAir757]

UGH... yet another post of mob mentality lynching? You have to blame someone, so why not place all your blame on the president because he is such an easy target. If there is a problem, you have to find the cause... and you love it when that cause can be someone rich, powerful and maybe even in politics. Like I said, you gotta blame someone!

Oil is a commodity. The prices are not determined by one man or in some secret skull-and-bones room in Texas. As other commodities, it is traded in commodity markets around the globe... and now even by some pimply faced kids in front of a computer screen. The price is set by market forces... or, in essence, by what the traders believe are the current and future market forces. They anticipate fluctuations in supply and demand. They short sell on a mouse's whisper of a potential terrorist strike in Nigeria. They buy when another china man buys an automobile or when some kid farts in Pakistan.

Right now is a perfect storm... you have people who got out of stock and into commodities. You have extra demand and not as much production to counter it. You have foreign investors dropping the dollar and buying oil. Essentially, you have increased demand and trading momentum. Why is this all Bush's fault? Do you propose more restrictions?

Grab your pitchforks... I know someone to blame!

Very well said, Lily!

To clarify (and respond to KC), I believe the issue of over-consumption is pretty non-partisan. It's a cultural issue, that goes back to our inherent American need to do whatever we want and disregard the consequences. It's a behavioral pattern that the baby boomer generation is sticking the world with as they slowly ease out of being productive and into retirement and the netherworld. I'm sorry to have attributed the desire to blame one's president or government to being a trait of a democrat... it's really non-partisan as well.

I refer back to my example... but in another instance. If a large company has a sexual harrassment lawsuit in one of their hundreds of branch offices, and until then there were no problems, yet the lawsuit brings up a whole slew of bad feelings among employees across the company, should we blame the CEO?

 

[777 fixer]

US...here in Kansas, even DOGS are republican. And they happily drive their H2's and Escalades...but somehow they have great difficulty blaming themselves for the price of gas.

Drive around LA and tell me how many SUV's and large sedans you see.

 

[KCFlyer]

Drive around LA and tell me how many SUV's and large sedans you see.

Oh...they're everywhere - in Dallas, one needs the heft of an H2 to navigate the rough spots at the Galleria parking lot...it's not a democratic or republican issue...but one can't just say that democrats or liberals blame anyone but themselves....here in the red heart of America, people don't seem to be able to put 2 and 2 together as they complain about the high price of gas while pumping $100 worth into their Excursion.

 

[UAL_TECH]

Oh...they're everywhere - in Dallas, one needs the heft of an H2 to navigate the rough spots at the Galleria parking lot...it's not a democratic or republican issue...but one can't just say that democrats or liberals blame anyone but themselves....here in the red heart of America, people don't seem to be able to put 2 and 2 together as they complain about the high price of gas while pumping $100 worth into their Excursion.

At this point, it's a little more complicated than that.
Do you take your $40,000+ auto and sell it for pennies on the dollar?
Then buy a hybrid that no one knows what the future maintenance costs will be? (New batteries/dumping fee/etc...)
Everyone has to calculate their ROI and gamble if fuel will stay over $4.00 a GAL or drop.

It would be interesting to see a risk-cost-benefit analysis on this.

Anyone have a link?

B) UT