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The Coming Oil Crash (Good News! Gas Prices Could go Down to $2 a Gallon by Autumn)
Foreign Policy ^
| JUNE 19, 2012
| Steve Levine
Posted on 06/20/2012 9:19:43 AM PDT by nickcarraway
click here to read article
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To: AngelesCrestHighway; Revolting cat!
Yeah!...Obama said it was all about tire pressure! I got better mileage by removing unused gas station maps from my glove box.
21
posted on
06/20/2012 10:04:22 AM PDT
by
a fool in paradise
(The media ignored the 40th anniversary of Bill Ayers' Pentagon bombing but not Watergate. Ask Why.)
To: nickcarraway
Filled my Truck at $3.43 gallon diesel Filled my motorcycle at $3.21 for Reg Gas. this morning Here in Florida.
22
posted on
06/20/2012 10:04:31 AM PDT
by
bikerman
(Obama lied,economy died.)
To: nickcarraway
Careful what you wish for. The last time oil prices fell, payback was . . .well, watch this revealing video:
Kevin Freeman Economic Terrorism
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.
23
posted on
06/20/2012 10:05:47 AM PDT
by
wtd
To: nickcarraway
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.
24
posted on
06/20/2012 10:07:09 AM PDT
by
Marathoner
(If the choice was Obama vs. Satan I'd have to flip a coin.)
To: nickcarraway; All
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!”
25
posted on
06/20/2012 10:08:23 AM PDT
by
DoughtyOne
(Republicanism: Y1 Rant Y2 Rant Y3 Rant Y4, Oh nevermind, vote for him anyway. Rinse & Repeat!)
To: Sequoyah101
To get rid of the POS Id be happy if oil hit $200 but it wont. 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.
26
posted on
06/20/2012 10:09:11 AM PDT
by
a fool in paradise
(The media ignored the 40th anniversary of Bill Ayers' Pentagon bombing but not Watergate. Ask Why.)
To: ridesthemiles
IF that happens, it will only enforce my beliefs that this administration has had the prices artificially high to try & stop all cars.Yep, and we can remind everyone of that factoid...
I've been putting this sticker on gas pumps:
"Somehow we have to figure out how to boost the price of gasoline to the [$8-$10/gal] levels in Europe." - Barack Obama's Energy Secretary Steve Chu. Had enough yet???
|
|
|
I've sized mine to fit twelve to a sheet of bumper sticker stock...
27
posted on
06/20/2012 10:10:58 AM PDT
by
null and void
(Day 1247 of our ObamaVacation from reality - Obama is not a Big Brother [he's a Big Sissy...])
To: Go Gordon
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.
28
posted on
06/20/2012 10:12:24 AM PDT
by
PapaBear3625
(If I can't be persuasive, I at least hope to be fun.)
To: nickcarraway
“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.
29
posted on
06/20/2012 10:15:08 AM PDT
by
albie
To: DoughtyOne
Thanks, I was hoping someone would notice.
30
posted on
06/20/2012 10:24:22 AM PDT
by
Balding_Eagle
(Liberals, at their core, are aggressive & dangerous to everyone around them,)
To: Balding_Eagle
31
posted on
06/20/2012 10:28:38 AM PDT
by
DoughtyOne
(Republicanism: Y1 Rant Y2 Rant Y3 Rant Y4, Oh nevermind, vote for him anyway. Rinse & Repeat!)
To: nickcarraway
“Dry land is not just our destination, it is our destiny!” —”Deacon,” “Waterworld”
32
posted on
06/20/2012 10:32:06 AM PDT
by
familyop
("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
To: DoughtyOne
We need six dollar oil in November to get rid of Obama
33
posted on
06/20/2012 10:32:06 AM PDT
by
Hojczyk
To: Hojczyk
If the Feds do QE 3 oil will go back up to 100 dollars a barrel
34
posted on
06/20/2012 10:34:21 AM PDT
by
Hojczyk
To: Hojczyk
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.
35
posted on
06/20/2012 10:37:43 AM PDT
by
DoughtyOne
(Republicanism: Y1 Rant Y2 Rant Y3 Rant Y4, Oh nevermind, vote for him anyway. Rinse & Repeat!)
To: Vigilanteman
36
posted on
06/20/2012 10:40:00 AM PDT
by
Balding_Eagle
(Liberals, at their core, are aggressive & dangerous to everyone around them,)
To: nickcarraway
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.
37
posted on
06/20/2012 10:41:40 AM PDT
by
familyop
("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
To: ryan71
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.
To: DoughtyOne
If we do see $2.00 dollar a gallon gasoline, Im going to enjoy watching an awful lot of people apologize to Representative Michele Bachmann.Good point! But before we apologize to her we need to apologize to Newt at $2.50.
39
posted on
06/20/2012 10:43:13 AM PDT
by
central_va
( I won't be reconstructed and I do not give a damn.)
To: a fool in paradise
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.
40
posted on
06/20/2012 10:46:06 AM PDT
by
Sequoyah101
(You've been screwed by your government.)
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