Posted on 08/25/2004 11:33:33 AM PDT by frog_jerk_2004
The price of crude is dropping, which should be good news
(Excerpt) Read more at cnn.netscape.cnn.com ...
"LONDON (Reuters) - Oil prices fell below $45 on Wednesday dragged down by heavy losses on U.S. gasoline as summer driving demand failed to meet expectations."
Welcome to Free Republic.
Low oil / gas prices are one of the most important keys to W's re-election. This is a good thing -- especially in the short-term.
If Soros ws trying fix the petro market I hope he's taking a bath.
Lower oil prices are good news for the economy and, thus, good news for Bush.
In general a good thing. But there are a lot of ways to spin it. Pro growth people will love it, anti growth people will hate it. Just watch who says what and you'll know what camp they are in.
Welcome to FreeRepublic.
Are you really saying you don't know if lower oil prices are good or bad?
If it's bad news then it just bears out Kristol's statement months ago:
"There are those that hate Bush more than they love America."
Lower oil prices are good for the economy. What's good for the economy is bad for Kerry.
In other words, Kerry needs bad news, for voters to suffer, in order for him to win.
Exactly.
I'm thinkin' we've got a live one here. There ARE a number of new sign-ups this week that seem to be legit. This one................the jury's still out.
Why wouldn't that be good news, jerk?
My macro econ teacher tried to use the crude oil price as an example on the first day of class.
I had to correct him. I brought up the point that gasoline inventories were higher than expected due to a decline in demand, partially attributed to the price of gasoline at the pumps, which means that a correction and drop in crude and subsequently a drop in gasoline prices can be expected.
He was speechless for a second... Especially since I'd already corrected him twice before that. He kept his eye on me the rest of the class and toned down his exaggeration and rhetoric a bit. I let him get on with the class.
Your screen name looks familiar. You ever work as a sidekick?
As far as "good or bad" question, I guess it depends on which side of the divide you're on, eh?
Gasoline prices raised again here in the Pacific NW.
Gas prices are notoriously high here in Boise. They are only about 15 cents more than this time last year.
This is a case of local gouging. Here in MA where the gas tax is absurd, the price is on average lower than the rest of the country. We have tremendous competition between stations. There's always a discount place to be found pretty close and I think that keeps the big guys from raising their prices.
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