|
Posted on 01/09/2009 9:56:09 AM PST by NormsRevenge
COLUMBUS, Ohio – Oil prices fell below $40 per barrel Friday for the first time this year as the government reported the nation's worst annual job losses since World War II.
People are traveling less, manufacturers are slashing production and there are job cuts across almost every sector of the economy, leading to a severe drop-off in energy use.
(Excerpt) Read more at news.yahoo.com ...
We are constantly told to conserve.
chickens .. home ..
roost .. cluck cluck
So, why are gas prices spiking? We’re up about $0.35 where I live.
|
Good. I paid close to $2 today. Hope it drops back down.
My guess is its the commodity dealers RELATED TO:
the war in Gaza, the threat of OPEC to cut production, AND the devaluation of the U.S. dollar.
Zackly.........The media is trying to con us into believing that it’s the trouble in Israel. I can hardly wait till they say it’s the change over or repairs on a refinery.
Gas in my area has gone up $.20 since Monday to the cheapest is now $1.55 at Costco. I will be needing gas in my truck soon and wonder if I should wait or get it now in case it does up. I know...cheap!
????
Are you kidding? If not please explain.
Gas price follows (lags) crude price. Notice that crude price started to edge back up on 12/25.
O.K. then why have local (South Central PA) gas prices spiked .15 per gallon this week?
and gas is spiking.....
So why are gasoline prices going up?
Payrolls Drop 524,000; Unemployment Rate at 7.2%
CNBC | 1/9/2009 | CNBC
Posted on 01/09/2009 5:42:54 AM PST by Red in Blue PA
http://www.freerepublic.com/focus/f-news/2161520/posts
US loses most jobs since 1945
FinancialTimes.com | 1/09/09 | Krishna Guha, Andrew Ward and Edward Luce
Posted on 01/09/2009 9:49:30 AM PST by NormsRevenge
http://www.freerepublic.com/focus/f-news/2161678/posts
The Bum Rap on Biofuels
American Thinker | 5-13-08 | Herbert Meyer
Posted on 05/14/2008 3:59:06 AM PDT by Renfield
http://www.freerepublic.com/focus/f-news/2015711/posts
Campaign to vilify ethanol revealed
ethanol producer Magazine | May 16, 2008 | By Kris Bevill
Posted on 05/17/2008 9:22:13 AM PDT by Kevin J waldroup
http://www.freerepublic.com/focus/f-news/2017389/posts
What is there to explain? The comoidty dealers always drive prices up on oil.
The war in Gaza brings uncertainly to the oil flow as the Arabs might cut back in retalition, the American dollar dropped in vlaue even further with the latest cut in interest rates as well as threats of more government give-aways by Obama, the Obama Administration will likely block drilling in the U.S. and offshore,and OPEC already decided to cut production - what better invitation to commodity dealers to invest in oil?
People are traveling less, manufacturers are slashing production and there are job cuts across almost every sector of the economy, leading to a severe drop-off in energy use.Yeah, that's why. ;') Worldwide demand shrank a bit as a consequence of the high price; unemployment has resulted from drops in productivity associated with high energy prices. As the price of crude has dropped by more than 2/3rds since the summer of 2008, employment will recover very nicely.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
