Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[Incorruptible]

obama blamed George Bush for high gas prices because he was president yet now when he is president he claims to have nothing to do with it, it is obamas fiscal policy that helps cause high gas prices

 

[dmcowen674]

Originally Posted by WhipperSnapper
Blame it all on Obama. Wanna buy a bridge? I have a bridge I need to sell.

It is all obamas fault though

This guy is a trip.

Quite the appropriate nickname.

100% corrupt

He won't say who is paying him to post the lies.

 

[TheSlamma]

Originally Posted by WhipperSnapper
Blame it all on Obama. Wanna buy a bridge? I have a bridge I need to sell.




This guy is a trip.

Quite the appropriate nickname.

100% corrupt

He won't say who is paying him to post the lies.

Wait.. is this about posting lies now? cause ummmmmmmmm

 

[Incorruptible]

Originally Posted by WhipperSnapper
Blame it all on Obama. Wanna buy a bridge? I have a bridge I need to sell.




This guy is a trip.

Quite the appropriate nickname.

100% corrupt

He won't say who is paying him to post the lies.

I speak the truth but you cant handle it, I already showed how obamas fiscal policy causes high gas prices

 

[desy]

QE does cause high gas prices as does many other things.
Its not the elephant in the room but one you have chosen to fixate upon.

The true fix for pricing is to lower demand through efficiency and substitutions to a point where what is consumed is produced in house. Then no matter what the price the money stays within the economy and your not exporting 300 billion a yr out of the economy.

 

[IGBT]

During the civil war the money grubbers and con men were referred to as carpetbaggers. In the great depression the term was changed to robber barons. Now in the 2nd great depression we simply call them liberal politicians .

 

[dmcowen674]

5-1-2012

Oil above $105

http://finance.yahoo.com/q?s=clm12.nym

Crude Oil Jun 12 (CLM12.NYM)

-NY Mercantile

105.35

0.48(0.46%) 10:26AM EDT

 

[dmcowen674]

5-1-2012

http://www.reuters.com/article/2012/05/01/us-delta-idUSBRE83T17P20120501

Delta buys refinery, becoming first airline to make own fuel


Delta Air Lines Inc (DAL.N) will buy a Pennsylvania oil refinery from ConocoPhillips (COP.N) for $150 million, an audacious bid to save money on fuel costs by investing in a sector shunned by many of the biggest oil firms.


Atlanta-based Delta said the first ever purchase of a refinery by an airline would allow it to cut $300 million annually from jet fuel costs, which reached $12 billion last year. It said production at the refinery along with other agreements to exchange refined products for jet fuel would provide 80 percent of its fuel needs in the United States.

The deal for the idled 185,000 barrel per day Trainer, Pa., refinery, which has puzzled analysts since it first surfaced last month, will come as some relief to politicians and officials, who had feared thousands of lost jobs and a potential summer spike in fuel costs if the plant was shut permanently.

The deal offers a reprieve to one of two key refineries that had been earmarked for permanent closure this year unless buyers were found. Delta said it would get $30 million in state government assistance on the deal.


"This announcement means the preservation of more than 5,000 jobs at the Trainer facility and in related industries," Pennsylvania Gov. Tom Corbett said in a statement.

But at the same time it will raise questions among oil sector analysts about whether the rush to revive one of the half-dozen East Coast facilities that has been shut in recent years may be premature given lingering questions over whether these plants can compete without access to cheap crude.

But in addition to Trainer, private equity fund The Carlyle Group is in talks to buy the biggest refinery in Philadelphia, potentially pulling another plant back from the brink.


The analysts at Credit Suisse say another 2.6 million bpd of refining capacity across the globe must be shut "to hit the "sweet spot" utilization level of 87 percent".


East Coast refineries, among the oldest and least advanced in the country, have been hammered by a series of bad turns: the 2008 recession that cut demand; the rapid injection of ethanol into the U.S. gasoline mix; tougher environmental norms; and the rise of new, more sophisticated plants in India and elsewhere.


The final blow for many has been the surge in cheap shale oil production from North Dakota and West Texas, which has handed a bounty of cut-priced crude to Midwest and Gulf rivals who are now running their plants flat-out.

 

[Incorruptible]

During the civil war the money grubbers and con men were referred to as carpetbaggers. In the great depression the term was changed to robber barons. Now in the 2nd great depression we simply call them liberal politicians .

Agreed. The amount of damage the liberals have done to the US is too much

 

[dmcowen674]

Originally Posted by IGBT
During the civil war the money grubbers and con men were referred to as carpetbaggers. In the great depression the term was changed to robber barons. Now in the 2nd great depression we simply call them liberal politicians .

Agreed. The amount of damage the liberals have done to the US is too much

Apparently not enough as you are still here.

What will it take for you to leave?

 

[Incorruptible]

Originally Posted by IGBT
During the civil war the money grubbers and con men were referred to as carpetbaggers. In the great depression the term was changed to robber barons. Now in the 2nd great depression we simply call them liberal politicians .




Apparently not enough as you are still here.

What will it take for you to leave?

Why should I leave, the liberals must leave

 

[Ldir]

Why should I leave, the liberals must leave

Because you add nothing of value.

 

[Incorruptible]

Because you add nothing of value.

The same can be applied to many others

And where would I go?

 

[blackangst1]

Originally Posted by WhipperSnapper
Blame it all on Obama. Wanna buy a bridge? I have a bridge I need to sell.




This guy is a trip.

Quite the appropriate nickname.

100% corrupt

He won't say who is paying him to post the lies.

 

[Ldir]

The same can be applied to many others

And where would I go?

Back where you came from. Back to your alt accounts.

 

[Incorruptible]

Back where you came from. Back to your alt accounts.

I dont have alt accounts, this is my first account here

 

[dmcowen674]

Originally Posted by Ldir
Back where you came from. Back to your alt accounts.

I dont have alt accounts, this is my first account here

Yeah right and I own a bridge in Brooklyn.

 

[Incorruptible]

Originally Posted by Ldir
Back where you came from. Back to your alt accounts.



Yeah right and I own a bridge in Brooklyn.

Keep spreading lies

 

[dmcowen674]

OIL PASSES $106

5-1-2012

http://finance.yahoo.com/q?s=clm12.nym

Crude Oil Jun 12 (CLM12.NYM)

-NY Mercantile

106.23

1.36(1.30%) 2:11PM EDT

 

[dmcowen674]

5-1-2012

http://finance.yahoo.com/news/oil-prices-rise-improvement-us-145634749.html

Oil prices rise on improvement in US manufacturing


Oil prices rose Tuesday after a strong showing by the U.S. manufacturing sector signaled more demand for energy products.

China's manufacturing also expanded last month which could indicate its economy also may be showing improvement.

Manufacturing has been expanding for 33 consecutive months, which has helped create jobs since the recession ended three years ago.

Meanwhile, retail gas prices continued to fall, and most analysts believe consumers already have seen the highest prices for 2012.

Energy analyst Jim Ritterbusch said that demand remains weak because consumers continue to cut back with prices still high.

 

[Ldir]

I dont have alt accounts, this is my first account here

That's what you always say.

 

[monovillage]

Keep spreading lies

They seem to be allowed to spread "acceptable" insults.

 

[Incorruptible]

That's what you always say.

What else am I suppose to say when I'm getting accused like this

A mod has already contacted me and they are looking into this

 

[dmcowen674]

Oil under $100


5-4-12


Crude Oil Jun 12 (CLM12.NYM)

-NY Mercantile

98.59

3.95(3.85%) May 4

 

[dmcowen674]

5-4-2012

http://blogs.wsj.com/marketbeat/201...s-report-drives-down-oil-prices/?mod=yahoo_hs

Lousy Jobs Report Drives Down Oil Prices


Here’s something that might make that lousy jobs report a bit more palatable: oil prices are dropping.

Crude oil futures are down sharply this morning, along with just about everything else (including Treasury yields, with the 10-year at 1.89%; yeow), lately down more than 4% at $98.15/barrel.

It’s the first time West Texas Intermediate’s been under the $100 mark since February.

Now, gas prices at the pump have been inching down, perhaps you’ve noticed, and this might help at the edges. If the prices stays under $100 for some extended period of time, it would eventually translate into a more concrete drop in prices. That remains to be seen; the hot-oil boys are an active lot, you know.