It's official. Gas prices double under obama

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sunzt

Diamond Member
Nov 27, 2003
3,076
3
81
The question you pose is particularly easy to answer. Did people pay the "speculative" price for oil? If so, that's obviously a market-supported price, if only in the short run. As the market adjusted to the increased price by consuming less, the price decreased accordingly. The change can all be explained without invoking speculation - it's just a crutch used to avoid a more complex explanation involving inflated currency, increased production costs, and a host of other issues which the normal person knows absolutely nothing about.

People did pay that price for oil because it is a commodity and necessity in everyday life. Even when oil was between 120-150 people were buying it and demand didn't drop a significant amount TO HAVE A 375% DROP IN OIL PRICES several months later. The types of cars people bought changed, but people still bought oil and gasoline as they normally did.

How much currency value drop, production cost increase, increase in demand, and "host of other issues" are needed to necessitate a 100% increase in oil prices within 1 year? How much change is needed to then suddenly have a 375% drop right after??? Did the dollar suddenly skyrocket in value while we were bailing out banks? Did production costs suddenly dramatically decrease? Worldwide demand slowed, but not enough to justify a $110 drop in the value of oil!

The quick build and dramatic drop of value in oil should tell you all you need to know about what type of buyer was buying the commodity up.

While there are many factors that go into the price of oil, buying oil with a lot of money will make the price go up no matter what other factors there are. You're trying to explain the dramatic change in value using every other factor except for the most obvious and simplest one which was the PRIMARY driver of the price of oil during 2008-2009.
 

Craig234

Lifer
May 1, 2006
38,548
350
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It's the same damn thing the Dems did for nearly 40 years and it's cry foul when the Republicans did it.

You're saying things that you are wrong about and utterly ignorant of.

Have a little pride in yourself not to be a liar for the rich.

Let's see if you know what you're talking about:

- What was the party split by corporate donors in the 40 years (your time frame) preceding George W. Bush, and what was the party split under George W. Bush?

- What were the communications, to how many donors, directing them to end donations to the other party if they wanted any attention to their issues?

- Where is the evidence Democrats made political donations the central priority in setting their agenda the Bush era Republicans did?

- How many industry executives and lobbyists were placed in oversight regulatory leadership roles during the 40 years preceding Bush compared to Bush?

- How many Democratic operatives were placed as employees with donors at Democrats' insistence during the 40 years preceding Bush compared to Bush?

I could go on - like the Medicare Part D that Republican passed to give their #1 donor industry hundreds of billions in windfall profits, driven by a Congressman who left Congress weeks after it passed to head the big pharma lobbying organizationdor $2 million a year.

But answer the questions - you can't because you are saying things you know nothing about, mouthing your ideology like a loyal little cult member you are.

I detest lying, and I'm disgusted by your posts that are so careless about lying.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
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Criticisms of Bush on record oil profits and prices were because Bush was a servant of the corporate interests.

Obama has been nothing more than a servant of corporate interests as well. Before you post a wall-o-text explaining why Obama sucks less please answer this one simple question:

Why has Obama's DOJ not brought prosecution against the untold counts of fraud that have cost individuals, local governments, state governments, Federal governments, etc... trillions of dollars? Why have they been allowed to keep illegally gotten gains doing nothing more than enticing them to do it again?

His whole ideology was to serve them - really, it seems it was to get elected to get power for the interests who paid for his campaigns. This is why he had a massive political machinery that went to the lobbyists, and cared about one thing, getting corporations to stop giving any money to Democrats and start only giving to Republicans. This was not 'business as usual' but a whole new level of selling the government to the highest bidder.

Most people agree that housing has not hit bottom and anyone with common sense knew that the .gov was artificially propping housing prices up. Why do you suppose Obama enticed so many middle class people to make a potentially disastrous financial decision by purchasing a home with his home buyers credit? I wonder who that helped more, the people who have a very good chance of seeing their property value drop far lower than the credit or the banks? How about cash for clunkers, very few people actually saved money due to it and poor people actually suffered due to higher used car pricing. Who did that help? Selling us out to big Pharma like his predecessor did, who did that help?

Interests were told if they played ball - which meant not only the donations, but actually hiring Republican-selected people into their donation staff to monitor and direct behavior - they could literally write the laws they wanted passed; if they did not, the Republicans would ensure their interests did not pass whatever the benefits and whether they deserved to. It was called the 'K Street project'.

See above.

Another result was that hundreds of government oversight officials who were supposed to represent the public, came from the companies and lobbyists of the very industries they were supposed to regulate - largely killing the oversight that was intended under the law for the public benefit.

Has Obama removed the lobbyists from Washington?

So, whatever the facts, Bush deserved huge suspicion - from his families' decades-long Texas oil affiliations and corporate servitude - over the issue.

Since when have facts not mattered?

Maybe it was only his hands-off approach to letting Wall Street get away with what they wanted; he was still a 'willing servant of corrupt interests' as their hired hand.

Since Obama is "letting Wall Street get away with what they want" he deserves the same suspicion, correct?
Obama is currently doing their bidding as well, on this windfall tax issue.

That ain't all buddy. And I have never agreed with "windfall taxes" but I also don't agree with virtually no taxes when you made a metric fuckton of profit.

His motivations are less clear. A case can be made that his motivations are also to do the bidding of powerful interests; but it's also plausible, for example, that he simply knows that the tax cannot pass with opposition from Republicans, and there is no reason to spend his political capital proposing something that won't pass, and will only give Republicans ammunition in 2012 for calling him anti-business.

What about the banksters who committed crimes?

It can be debated how much he's a 'willing' servant versus how much he simply can't get things for the public done because the interests have a lot of power.

Lets have the debate, I'll ask the first question: Exactly who are these people that are preventing him from investigating the banksters for crimes that even my dumbass can prove and we even have friggen sworn testimony to Congress of?
 

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
So basicly the democrats made sure they put an even amount of republicans and democrats in oversite committies, they never swayed a lobbyist to only donate to thier cause and they never bickered over lobyists. I guess you got me there.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
Obama has been nothing more than a servant of corporate interests as well. Before you post a wall-o-text explaining why Obama sucks less please answer this one simple question:

Why has Obama's DOJ not brought prosecution against the untold counts of fraud that have cost individuals, local governments, state governments, Federal governments, etc... trillions of dollars? Why have they been allowed to keep illegally gotten gains doing nothing more than enticing them to do it again?



Most people agree that housing has not hit bottom and anyone with common sense knew that the .gov was artificially propping housing prices up. Why do you suppose Obama enticed so many middle class people to make a potentially disastrous financial decision by purchasing a home with his home buyers credit? I wonder who that helped more, the people who have a very good chance of seeing their property value drop far lower than the credit or the banks? How about cash for clunkers, very few people actually saved money due to it and poor people actually suffered due to higher used car pricing. Who did that help? Selling us out to big Pharma like his predecessor did, who did that help?



See above.



Has Obama removed the lobbyists from Washington?



Since when have facts not mattered?



Since Obama is "letting Wall Street get away with what they want" he deserves the same suspicion, correct?


That ain't all buddy. And I have never agreed with "windfall taxes" but I also don't agree with virtually no taxes when you made a metric fuckton of profit.



What about the banksters who committed crimes?



Lets have the debate, I'll ask the first question: Exactly who are these people that are preventing him from investigating the banksters for crimes that even my dumbass can prove and we even have friggen sworn testimony to Congress of?
This should be amusing as Craig fires up his left and far left wings and flies in furious little circles denouncing your lack of intelligence. :D
 

bfdd

Lifer
Feb 3, 2007
13,312
1
0
Darwin, don't listen to Craig. He doesn't think Obama is letting Wall Street get away with anything, even though the dude has filled his company with Goldman Sachs fools.

Cyclowizard, speculation and production are the reason prices are going up right now. There really isn't anything else and it's rather obvious that those are the causes.
 

Craig234

Lifer
May 1, 2006
38,548
350
126
Obama has been nothing more than a servant of corporate interests as well. Before you post a wall-o-text explaining why Obama sucks less please answer this one simple question:

Why has Obama's DOJ not brought prosecution against the untold counts of fraud that have cost individuals, local governments, state governments, Federal governments, etc... trillions of dollars? Why have they been allowed to keep illegally gotten gains doing nothing more than enticing them to do it again?

Too bad you don't seem to understand why 'is less bad than' matter.

On your question, I suspect the worst - that it's rank politics and fundraising.

On a related note, like so many presidents before, evidence is showing up that Obama's green funding programs have a suspicious correlation to going to donors.

Unfortunately, these discussions turn away from the relevant topic of who is less bad, as people just throw out attacks at the other side as 'proof' they're right.

Most people agree that housing has not hit bottom and anyone with common sense knew that the .gov was artificially propping housing prices up. Why do you suppose Obama enticed so many middle class people to make a potentially disastrous financial decision by purchasing a home with his home buyers credit? I wonder who that helped more, the people who have a very good chance of seeing their property value drop far lower than the credit or the banks? How about cash for clunkers, very few people actually saved money due to it and poor people actually suffered due to higher used car pricing. Who did that help? Selling us out to big Pharma like his predecessor did, who did that help?

What a lot of spin. It's not much of a 'disastrous' decision for people to buy a home they can afford and stay in, even if prices drop. There are benefits to home ownership.

I'm not talking about what happened under Bush with the Wall Street schemes to create large numbers of crap mortgages they could use to scam with.

IMO, cash for clunkers was a good program when you weigh the benefits and costs - which you don't do.

He may have compromised badly with big pharma - but that's not enough for you, you have to wrong claim he did so just as badly s Republicans under Bush. Wrong.

There's a reason why REPUBLICANS' #1 donor industry was big pharms - not Democrats.

See above.

That's your pathetic response to a radical increase in the selling of the government by Republicans. Why am I talking to you? What a waste of my and anyone else's time.

Has Obama removed the lobbyists from Washington?

Far from it. But Democrats did pass some new restrictions that were a step in the right direction.

Like so many things, when did the worst trend largely start? Under Reagan - when he took office there were fewer than a thousand lobbyists, not 36,000.

Since when have facts not mattered?

You see a man acting violently towards a woman, about to punch her, and you race to protect her. As you get closer, a camera comes into view and the director yells CUT!

You defend yourself, saying you did not know it was a movie and had good reason to suspect it was violence you were trying to help with.

The director yells at you, since when does the FACT that it wasn't actual violence not matter?

The people had good reason to be suspicious of Bush policy about oil, regardless of the facts of what he actually did. They matter - but not to that ground for suspicion.

Since Obama is "letting Wall Street get away with what they want" he deserves the same suspicion, correct?

No, Obama's background is far different, and he does NOT deserve the same suspicions based on that background.

However, he deserves different suspicion, from everything from his own policies to his acceptance of large Wall Street Money.

That ain't all buddy. And I have never agreed with "windfall taxes" but I also don't agree with virtually no taxes when you made a metric fuckton of profit.

Sometimes a windfall tax can be the blunt instrument needed to deal with armies of lawyers who get around any attempt to tax.

What about the banksters who committed crimes?

See above.


Lets have the debate, I'll ask the first question: Exactly who are these people that are preventing him from investigating the banksters for crimes that even my dumbass can prove and we even have friggen sworn testimony to Congress of?

See above.

What if his calculation is that these interests are powerful enough that they could cost him re-election if he pursues those convictions, so that he can't do so without handing over the White House to the Republicans who would do that and a lot more wrong, and his only choices are to do their bidding on this and possible get re-elected to try to do some decent policies, or to not get elected and let the Republicans steal the country?

I'm not saying that's the case, just that there are different possibilities between 'willing servant of corrupt interests' and 'always pursuing the public interest'.

It goes back again in part to the larger question of 'less bad' you don't want to talk about.

Or maybe it's worse, and he doesn't mind being in bed with them. Hard to say.

Your question is flawed, asking 'who is preventing him' - I don't see that anyone can 'prevent him'. Rather it's about his choices and the costs to them.

When Reagen's de-regulation the finance industry wanted (and Neil Bush's scheming) led to the S&L crisis, hundreds were convicted, IIRC.

Since then, the country has moved well to the right, those interests more powerful (over both parties).

At least then we could have some justice.

Now, we have the Republicans terribly corrupted for reasons from money to ideology, Democrats increasingly corrupted with the progressives a minority voice in the mess, and the tea party who are screaming about TARP demanding we let the system be exploded while not paying attention at all to the actual issues, bullsh**ters in a China Shop of Congress.
 

SAWYER

Lifer
Apr 27, 2000
16,742
42
91
It must be one hell of a mental exercise trying to justify and be an apologist for Obama
 

Craig234

Lifer
May 1, 2006
38,548
350
126
So basicly the democrats made sure they put an even amount of republicans and democrats in oversite committies, they never swayed a lobbyist to only donate to thier cause and they never bickered over lobyists. I guess you got me there.

So basically you can't answer the questions and are the liar I said you are, and could care less about it.

"Charles Manson did as much harm as Hitler!" "No, he didn't, where are his millions killed?" "Oh, so Manson never had anything to to with murder."
 

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
it was radically more than has ever been done before. Get informed and then post.

Even by your own admission Democrats did the same thing but Republicans did radically more. How am I lying ?
 
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werepossum

Elite Member
Jul 10, 2006
29,873
463
126
OMG Now that's funny.
:D

It must be one hell of a mental exercise trying to justify and be an apologist for Obama
For any President. Even if you are in mental lock-step with a President*, any President must do a LOT of things he probably would rather not do just to accomplish a few of the things he wants to do.

*Which I find scary. As Neil Boortz says, if two people agree on everything then one of them is unnecessary.
 

rudeguy

Lifer
Dec 27, 2001
47,351
14
61
Yet this whole thread is bogus......so I also find it amusing!!

It's amusing to me too. I don't see anyone blaming obama like they did bush. Maybe this finally proves that conservative people aren't nut jobs while Democrats are..... well you know.
 

bfdd

Lifer
Feb 3, 2007
13,312
1
0
Craig, there's a correlation between donors and who gets money from Obama and his admin because the dude is just as fucking crooked or more so than the last guy we had. He's no better than any other career politician. Your dumbass just can't get off the kool-aid long enough to see it. The guy has pissed away billions and billions of our dollars to his cronies, but since he flies the D and wears Blue you don't give a flying fuck. He's your teammate and you always gota back your teammates right?

Fucking douche bag.


http://www.huffingtonpost.com/2011/03/30/green-bundler-with-the-golden-touch_n_842863.html

In connecting green technology startups with government money, Silicon Valley venture capitalist Steve Westly boasts of a special touch.

“We believe that with the Obama administration, and other governments … committing hundreds of billions of dollars to clean tech, there has never been a better time to launch clean tech companies,” says his company website. “The Westly Group is uniquely positioned to take advantage of this surge of interest and growth.”

Uniquely positioned, indeed.

One of President Barack Obama’s most prolific fundraisers, Westly was among guests at January’s state dinner for the president of China. A month later, he dined with Obama again at an exclusive San Francisco Bay area gathering for prominent high tech CEOs, including the leaders of Facebook, Google and Apple.

He visits White House staff and, as a member of a government advisory board on energy policy, has the ear of Energy Secretary Steven Chu, whose department hands out the sort of seed money sought by companies in The Westly Group portfolio. He even has hosted the president at fundraisers in his Northern California home, and co-hosted events for three of Obama’s most influential advisors.

All the while, Westly’s four-year-old green business has boomed. Since June 2009, four companies in his venture firm’s portfolio have received more than half a billion dollars in loans, grants or stimulus money from the Obama Energy Department, a review by the Center for Public Integrity and ABC News has found.

Since it's not big oil I doubt many people will care. So much hypocrisy running rampant in our politics today.
 

nonlnear

Platinum Member
Jan 31, 2008
2,497
0
76
lol ok.

As a side note along these lines, what's funny is that as fuel economy has increased people now drive more. Prius owners drive more miles than their non-hybrid owner counterparts. As efficiency increases, people consume more of it. It's called the rebound effect IIRC.
The rebound effect is an artifact of bad policy. If prices were used instead of mandates there wouldn't be any rebound - which is why I said we could scrap the EPA mileage requirements. All they do is stop new car companies from forming (other than as subsidiaries of large ones) by forcing everybody to meet fleet averages which necessitate massive volume sales of very low margin econoboxes. That's hard to do when you're a newborn company.
 

Matt1970

Lifer
Mar 19, 2007
12,320
3
0
Craig, there's a correlation between donors and who gets money from Obama and his admin because the dude is just as fucking crooked or more so than the last guy we had. He's no better than any other career politician. Your dumbass just can't get off the kool-aid long enough to see it. The guy has pissed away billions and billions of our dollars to his cronies, but since he flies the D and wears Blue you don't give a flying fuck. He's your teammate and you always gota back your teammates right?

Fucking douche bag.


http://www.huffingtonpost.com/2011/03/30/green-bundler-with-the-golden-touch_n_842863.html



Since it's not big oil I doubt many people will care. So much hypocrisy running rampant in our politics today.

As long as it is a Union or Acorn or the ACLU or any other Liberal organization lobbying Congress it is fine but as soon as it is a corporation lobbying congress it must be evil.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,330
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Too bad you don't seem to understand why 'is less bad than' matter.

On your question, I suspect the worst - that it's rank politics and fundraising.

On a related note, like so many presidents before, evidence is showing up that Obama's green funding programs have a suspicious correlation to going to donors.

I'll be damned, an admission that Obama is owned by the same people that owned Bush. I am proud of you Craig.

Unfortunately, these discussions turn away from the relevant topic of who is less bad, as people just throw out attacks at the other side as 'proof' they're right.

Proof that he is owned by elite puppetmasters and will do nothing other than continue the transfer of wealth to the tippity top like the other side? On damn near every subject that I see you take a serious stand on, Bush and Obama have pretty much the exact same agenda. "Less bad" because he stopped waterboarding? Yipthefuckee, don't get me wrong it is great that he did but how does that, as you have stated, stop the rich from making us serfs? Continued lawlessness on Wall Street is tolerated by you because he stopped pouring water over the mouths of suspected terrorists (not to say I don't think its wrong, just adding context)?

What a lot of spin. It's not much of a 'disastrous' decision for people to buy a home they can afford and stay in, even if prices drop. There are benefits to home ownership.

...until they have to move because of the fucked up job market... I can't think of a single good reason to own a home versus renting a similar home if I there is a very high probibility that I will soon have negative equity in it despite putting a fairly large amount down. I would really really appreciate it if you explained this one to me, why not simply rent, not lose money, and buy a house when there isn't a good chance it was going to depreciate?

If you are correct and those other benefits (which I agree exist) outwiegh the declining value then the housing situation in this country is just fine, right? If not what percentage decline is acceptable or how much negative equity does it take to make it a "bad" decision and why in the hell did we give $8K to people if that equity didn't matter? Even worse is the fact that you basically admitted that we gave a free $8K to banks when people purchased a house the banks knew wouldn't be worth as much in a short period of time, why was that smart?

IMO, cash for clunkers was a good program when you weigh the benefits and costs - which you don't do.

The math says that most people paid equally or more for the vehicle they purchased with all things considered and then the poor took it on the chin when they went to purchase a vehicle that they could afford.

He may have compromised badly with big pharma - but that's not enough for you, you have to wrong claim he did so just as badly s Republicans under Bush. Wrong.

Compromise? He "compromised" with big pharma just like Bush did, but that's not enough for you....
That's your pathetic response to a radical increase in the selling of the government by Republicans. Why am I talking to you? What a waste of my and anyone else's time.

Because I am about the only one that posts serious and detailed replies to your posts?

Shrug, I do it because it amuses me.

Far from it. But Democrats did pass some new restrictions that were a step in the right direction.

Not sure which regulations you are talking about but I'll give you the point on this one simply because I am too lazy to look it up.

Like so many things, when did the worst trend largely start? Under Reagan - when he took office there were fewer than a thousand lobbyists, not 36,000.

Should I ever become President I am absolutely certain of my ability to radically reverse that trend and not to just sorta kinda slow it down. I guess it is a little different when you swear allegiance to a party and those same guys fund them. That happens to be one of the reasons I despise the two parties.

You see a man acting violently towards a woman, about to punch her, and you race to protect her. As you get closer, a camera comes into view and the director yells CUT!

You defend yourself, saying you did not know it was a movie and had good reason to suspect it was violence you were trying to help with.

The director yells at you, since when does the FACT that it wasn't actual violence not matter?

The people had good reason to be suspicious of Bush policy about oil, regardless of the facts of what he actually did. They matter - but not to that ground for suspicion.

WTF? What about the suspicions that Obama is anti-American due to his associations or muslim due to his family or any other nonfact based bullshit argument the right uses?

No, Obama's background is far different, and he does NOT deserve the same suspicions based on that background.

Of course, that background would be the letter next to his name.
However, he deserves different suspicion, from everything from his own policies to his acceptance of large Wall Street Money.

The difference being we have proof of those suspicions. Show me banksters going to jail or at least being investigate/prosecuted and I will retract that statement.
Sometimes a windfall tax can be the blunt instrument needed to deal with armies of lawyers who get around any attempt to tax.
Philosophical difference, I don't believe there is such a thing as "windfall profit". I do believe that all of their profit should be taxes like any other company though. The royally fucked up tax code is a different topic altogether.



What if his calculation is that these interests are powerful enough that they could cost him re-election if he pursues those convictions, so that he can't do so without handing over the White House to the Republicans who would do that and a lot more wrong, and his only choices are to do their bidding on this and possible get re-elected to try to do some decent policies, or to not get elected and let the Republicans steal the country?

Then he has no convictions and is a coward and quite frankly does not deserve to be reelected.

Remember that this is the issue you talk about the most, the rich getting richer and in this case they did it by breaking black letter law and directly screwing everyone else.

I'm not saying that's the case, just that there are different possibilities between 'willing servant of corrupt interests' and 'always pursuing the public interest'.

And I am just saying that I believe the only reason you think there are "different possibilities between 'willing servant of corrupt interests' and 'always pursuing the public interest'" is simply the party the letter behind their names.
It goes back again in part to the larger question of 'less bad' you don't want to talk about.

Your question is flawed, asking 'who is preventing him' - I don't see that anyone can 'prevent him'. Rather it's about his choices and the costs to them.

So you are arguing that preventing the transfer of wealth to the top is too costly for Democrats to do? Ok I guess...

When Reagen's de-regulation the finance industry wanted (and Neil Bush's scheming) led to the S&L crisis, hundreds were convicted, IIRC.

Yup. They are playing the "wait out the statutory limits" game this go-round and I have no reason to believe they won't win.

At least then we could have some justice.

We agree again.
Now, we have the Republicans terribly corrupted for reasons from money to ideology, Democrats increasingly corrupted with the progressives a minority voice in the mess, and the tea party who are screaming about TARP demanding we let the system be exploded while not paying attention at all to the actual issues, bullsh**ters in a China Shop of Congress.

So.... bottom line is two corrupted parties that rule and a few other irrelevant ones. The difference between you and I is that I don't blindly defend either of the corrupted sonsofbitches.
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
What if his calculation is that these interests are powerful enough that they could cost him re-election if he pursues those convictions, so that he can't do so without handing over the White House to the Republicans who would do that and a lot more wrong, and his only choices are to do their bidding on this and possible get re-elected to try to do some decent policies, or to not get elected and let the Republicans steal the country?
Oh, that is his calculation. It's also the exact reason why Darwin was 100% correct in post #78 calling Obama a servant of corporate interests. Obama has ingratiated himself with the lobbyists as all politicians do these days. Those who don't are irrelevant. Obama had a chance, however, to at least spend four years making real changes but couldn't be bothered. That you think this is somehow noble so that he can get back in office and have another term to put in some "decent policies" really is sad. Not said like pathetic but sad like genuinely a sad thing for somebody so passionate as you are.

If Obama really wanted to enact change to benefit the majority of people in the country he would have steamrolled the banks and put the lobbyists to the curb via legislation. It would be an easy case to make to the American people because a) It plays into their fears about the elite and b) It's actually true. If Obama wasn't a whore of the corporations like everybody else he could have easily drawn a line in the sand forcing legislators to pick a side for the people or a side for the corporations.
 

Rainsford

Lifer
Apr 25, 2001
17,515
0
0
This thread is amusing watching liberals whine about cherry picking. Create a thread about the stock market and watch them talk about how much it has risen under Obama lmao.

While I would agree that hypocrisy is strong in threads like this, I'm not sure "see, they're hypocritical jackasses TOO" is a particularly effective argumentative technique ;)
 

RbSX

Diamond Member
Jan 18, 2002
8,351
1
76
But we're told by this Administration that the production of oil from the gulf is the highest its ever been. More oil is driving prices up now?

No higher demand is, your free market capitalist system at work.

Funny that you guys don't like it when it doesn't benefit you.

:rolleyes:
 

umbrella39

Lifer
Jun 11, 2004
13,816
1,126
126
this thread is retarded. Rudeguy, Cut off your face.

Oh come on now. Everyone knows all those who didn't vote for Bush were here constantly blaming Bush for the price of gas. For years and years. So that makes this stupid OP all better now ;)
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,948
126
Oh come on now. Everyone knows all those who didn't vote for Bush were here constantly blaming Bush for the price of gas. For years and years. So that makes this stupid OP all better now ;)

Really now? Dont you think you are exaggerating just a bit there? :colbert:
 

gdansk

Diamond Member
Feb 8, 2011
4,697
7,941
136
No higher demand is, your free market capitalist system at work.
Quantitative easing at work. Higher demand with potentially limited supply* is probably also a factor, but it is hard to know when the monetary base of nation is expanding at an undisclosed rate. By the way, QE2 is not a part of a free market. It is wrong to declare our market free when monetary supply is not free of influence as well. Now there are many other factors that must be met for it to be a free market (many of which the USA's mixed market economy do not meet) but lets just leave it at that for this discussion.

* depends if other oil producers are filling production gaps as they appear. Saudi Arabia says they are filling Libya's responsibilities.