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Price of Oil Dropping...Is that good news or bad news?
Drudge ^
| 8/25/2004
| frog_jerk_2004
Posted on 08/25/2004 11:33:33 AM PDT by frog_jerk_2004
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The price of crude is dropping, which should be good news but the press has to use negative words like "dragged", "heavy losses", "failed to meet expectations". Isn't it good that we were using less gasoline than expected for the environment?
"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."
To: frog_jerk_2004
That's because it's good news for Bush.
Bad news for Kerry.
Good news for the economy, bad for Kerry.
Dems must root for economy and businesses to fail. What a party. </sarcasm
2
posted on
08/25/2004 11:35:06 AM PDT
by
NavySEAL F-16
(Proud to be a Reagan Republican)
To: frog_jerk_2004
Welcome to Free Republic.
3
posted on
08/25/2004 11:35:34 AM PDT
by
Peach
(The Clinton's pardoned more terrorists than they ever captured or killed.)
To: frog_jerk_2004
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.
To: frog_jerk_2004
If Soros ws trying fix the petro market I hope he's taking a bath.
To: comebacknewt
If you paid $50 month last year for gas you are now paying $100 a month. That is $50 of disposable income taken away. Retailers will feel this in several months. It will start to show soon in the economic numbers. SO, be prepared for a little/large ripple in the economy.
6
posted on
08/25/2004 11:38:47 AM PDT
by
Lowell
(The voice from beyond the edge!)
To: frog_jerk_2004
Lower oil prices are good news for the economy and, thus, good news for Bush.
7
posted on
08/25/2004 11:38:57 AM PDT
by
kevao
To: frog_jerk_2004
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.
8
posted on
08/25/2004 11:39:01 AM PDT
by
ProudVet77
(Kerry is Toast du Francai')
To: frog_jerk_2004
Welcome to FreeRepublic.
Are you really saying you don't know if lower oil prices are good or bad?
9
posted on
08/25/2004 11:40:47 AM PDT
by
EggsAckley
(........."YO" is "OY" spelled backwards.........)
To: Peach
They are out in force,aren't they?
I have been sitting here for hours wondering the same thing. LOL. I like the term plummet when used in a sentence with oil and John Kerry's poll numbers.
10
posted on
08/25/2004 11:41:04 AM PDT
by
babaloo
To: NavySEAL F-16
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."
11
posted on
08/25/2004 11:42:01 AM PDT
by
dawn53
To: ProudVet77
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.
12
posted on
08/25/2004 11:42:08 AM PDT
by
axiom9
To: babaloo
13
posted on
08/25/2004 11:42:12 AM PDT
by
Peach
(The Clinton's pardoned more terrorists than they ever captured or killed.)
To: babaloo; Peach
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.
14
posted on
08/25/2004 11:42:27 AM PDT
by
EggsAckley
(........."YO" is "OY" spelled backwards.........)
To: frog_jerk_2004
Why wouldn't that be good news, jerk?
To: frog_jerk_2004
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.
To: babaloo
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?
17
posted on
08/25/2004 11:44:44 AM PDT
by
babaloo999
(Liberals say they're "Progressive". So is cancer.-------------------they're, their, whatever)
To: frog_jerk_2004
Gasoline prices raised again here in the Pacific NW.
18
posted on
08/25/2004 11:45:07 AM PDT
by
lilylangtree
(Veni, Vidi, Vici)
To: Lowell
Gas prices are notoriously high here in Boise. They are only about 15 cents more than this time last year.
19
posted on
08/25/2004 11:45:11 AM PDT
by
MarkeyD
(<a href="http:\\www.michaelmoore.com>Maggot</a>)
To: MarkeyD
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.
20
posted on
08/25/2004 11:49:22 AM PDT
by
ProudVet77
(Kerry is Toast du Francai')
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