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To: silverleaf
Nothing happens in a vacuum. Part of that drop was also the economy beginning to fall off a cliff. It wasn't just drilling. It was the drop in demand.

As much as I want this to be Obama's fault...a lot of it isn't. Freepers are funny when it comes to gas prices. They fail to realize the same thing that drove oil prices up under Bush are driving it up now: SPECULATORS.

We don't have a supply problem. There is a lot of surplus out there.

31 posted on 03/21/2012 2:59:34 PM PDT by NELSON111
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To: NELSON111

I believe what obowma and geithner and bernanke have given us is not rampant speculation they are “helpless” to confront ... but a weak dollar and a market that can no longer rely on the good faith of the US government that is printing all those debt notes masquerading as money

and obowma bears direct responsibility for that decision and the results, ala $4 + gasoline, in an economy that is at least as weak or worse than when Bush had his final 3 months in office

now this makes me wonder if that economic terrorist attack on the US banking system that occurred in September 2008 had anything to do with Bush’s willingness to play tough with the energy markets and speculators...


38 posted on 03/21/2012 3:10:17 PM PDT by silverleaf (Funny how all the people who are for abortion are already born)
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