Posted on 06/20/2012 9:19:43 AM PDT by nickcarraway
I heard from the American people.....ahhhhh....They’re hurting and I wasn’t going to let that go on any longer. So....ahhhhhh..... I had o put my foot down and demand lower oil prices. I’m the president......ahhhhh....it’s my job to slap down big oil.
Guess who is going to say that.
IF that happens, it will only enforce my beliefs that this administration has had the prices artificially high to try & stopp all cars.
I will gladly pay $3.50 or more per gallon from now until November if it will help get BO fired.
This won’t save King Dip Stick!...His fate is sealed.
——if so, watch The One try to take credit-—
Hail King Obama! /sarcasm
Obama kept saying we couldn’t pump our way out of the problem of high gas prices, but it seems we are doing just that,in spite of him.
It figures he'd keep is fat nose out of things to get the price of gas down. Watch it hit $6 a gallon within a year after his re-election.
Yeah!...Obama said it was all about tire pressure!
We had a company attorney who always used to say that when you can hear the barking dog....it’s too late.
The oil price was over cooked in 2008 when it was at $147 when it should have been in the 90’s. The oil price crashed with the crash of the economy in 2008 because of the decrease in demand. If you track the oil price ever since vs the Dow you will see that it tracks right with it. IMHO the only thing that will cause the oil price to crash down to really low levels will be a crash of the stock market.
Most of the new sources of oil that are coming on the market are a result of new technology’s that are very expensive and if oil prices sink too low drilling in these new fields will cease.
I read or heard on TV this is a BO/BS stunt for now to get votes for Nov. All bets are off after that.
Now you know why Obama begged Putin for some space/time, until after the election, to play ball. Obama, if re-elected, intends to make it administrative policy to boost oil prices.
Probably won’t happen. I can see $75ish but the cost of production is higher than the 20s.
In a panic of selling the futures may fall to the 40s but it won’t stay there.
Even Mexico has a growth rate of 4.5%. Yes, Europe and the U.S. are sucking wind right now and China seems to be poised to follow. The latter could cause a serious drop in prices.
Low prices, for the first time, are not a good thing. Low prices could help oblabla stay. To get rid of the POS I’d be happy if oil hit $200 but it won’t.
Markets are like the seasons in a way. Last summer was one of the two hottest and driest on record here in Texas. Records don’t happen very often and don’t last that long. Most things return to the norm or equilibrium when outside or artificial forces are removed.
Over the last 35 years we have endured many price crashes in oil and surfed the highs. Neither of the two events usually last very long (’86 to ‘94 was devastating, ‘98 was short lived and the reactions proved foolish, 2001 was imposed by external forces, 2008’s rapid increase was a panic and it did a lot to precipitate the Great and ongoing Recession) and people always panic and attempt to extrapolate the current point of events far into the future. They have always been wrong in the long haul.
If drilling in shale oil ends or slows much I believe production will fall pretty quickly. I believe I have more learned company in that view than there are those who think the declines in production from wells will be slow.
Same goes for a high unemployment rate. I hate seeing people hurting and that includes family members, but if it gets the royal PITA out of the White House I’m good for awhile.
The world economy is tanking.
Oil demand is headed down.
So in a way, Baraq has caused the price decline.
His economic policies are a disaster.
Response: Abzolutely true.
Comment: A major point against "The Divine One" was the price of gas. Every potential voter had to face the price at the pump and that served as a reminder as to how inept the clown really is. So now he can crow as to how he lowered prices and the degenerate public will kneel in worship!
Well duh! It was artificially inflated to make Bush look bad and now that it is an election year, it is being depressed to aid the RATS.
I got better mileage by removing unused gas station maps from my glove box.
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Explores the 2008 market collapse with the electronic draw down on money market accounts as just one recent act in several acts of economic terrorism. That it took place on the seventh anniversary of 9/11 is no coincidence.
When most of us think of acts of terrorism we imagine car bombs or hijacked airliners. Kevin Freeman compels us to think again. He explores the dimly understood world of financial terrorism that ultimately underwrites the steady progress of jihad against America and its allies.
Oh s##t. I hate having to pull for high gas prices until November but whatever it takes to get Barry the bastard out is fine by me.
If we do see $2.00 dollar a gallon gasoline, I’m going to enjoy watching an awful lot of people apologize to Representative Michele Bachmann.
“Oh we’ll never see $2.00 dollar a gallon gasoline again.”
“Why she’s just an idiot. She can’t lower gas prices. It’ll never happen.”
“I used to back her, but this preposterous claim is the last straw!”
Warren Buffet lost a billion dollars speculating on the price of oil in 2008 (running it up while Boosh was President).
He won't do that to his pal Barack Obama.
Yep, and we can remind everyone of that factoid...
I've been putting this sticker on gas pumps:
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Iran and Russia have been pissing off the Saudis by intervening on Assad’s side in Syria. This may be the Arabs firing a warning shot in their direction.
“My mom out in California is elated”
...I hope that “elation” doesn’t translate into votes from others for the kenyan. Gas was less than $2.00 when he stole office.
Thanks, I was hoping someone would notice.
You bet...
“Dry land is not just our destination, it is our destiny!” —”Deacon,” “Waterworld”
We need six dollar oil in November to get rid of Obama
If the Feds do QE 3 oil will go back up to 100 dollars a barrel
Perhaps so.
I’m not sure $0.10 cent a gallon gas could save his ass now.
This guy is finally being seen as the empty unraveling suit that he is.
I’ll up the bid to $4.50
If oil goes down that much, production will be shut down and dismantled. Bonds may shoot up initially, but general bond collapse will follow. TEOTWAWKI will have arrived.
The underlying issue here is not just lowering gas prices, but what they represent. The prices are lower because the world economy is slowing down. The faster the price falls, the faster the world is slowing down.
Given the choice, Obama would much rather have higher gas prices and stronger economic growth, than lower prices and a failing economy at election time.
This is not good news for Obama.
Good point! But before we apologize to her we need to apologize to Newt at $2.50.
Nope, you are correct.
The price panic of 2008 was artificial. Many of us were looking at stocks and consumption and saying all along, “This is contrived somehow.”
I think all of the mess of 2008 may have been contrived. The Depression we are in now may be as well. If it is not oblabla and his ilk have let the genie out of the bottle and can’t figure out how to stuff it back in. Actually, I don’t think they want to.
Pardon my ignorance friend but what is “QE3”? Thanks in advance for any reply, It will be appreciated.
If drilling in shale oil ends or slows much I believe production will fall pretty quickly. I believe I have more learned company in that view than there are those who think the declines in production from wells will be slow.
..............
Production of shale oil will rise significantly in the next couple years not just because of the rise in production in the Baaken field — but because a half dozen other big shale oil fields and maybe a dozen minor shale oil fields are going to be coming on stream.
The is a secular change in oil production
This is not my point.
Have a happy day.
I wonder if it isn’t the opposite:
‘bams friends are dropping the price to lower the misery index here. Less misery=less voter dissatisfaction.
After the election it will go up, just like the last one.
Gas prices fell in plenty of time for the election, but the financial industry collapse took over the headlines that September.
This isn’t all good news.
First of all, it means the recession is much worse than reported.
Second, a crash in commodities will smash a lot of people. Farmers, workers in North Dakota, etc. will be out of work.
There is a HUGE commodity bubble. When it bursts, I don’t know of any more safe harbors. The PTB will be forced to admit we are in a deep recession.
I’ll pay extra through Decemeber if it gets Obama out of office.
Actually, here in the Alaska bush we’re paying $6.40 a gallon. Don’t expect the price to drop any until the next barge load of fuel.
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