Gas coming down

W

wiseones2cents

Verified User
OK folks. Some good news on the horizon and hopefully some relief for us struggling to make ends meet.

http://finance.yahoo.com/blogs/breakout/gas-prices-falling-next-stop-3-gallon-153509788.html?l=1

Gas Prices Falling: Next Stop $3 a Gallon?
By Jeff Macke | Breakout – 20 hours ago

Also I hear of all this talk worldwide of leaders that are stating they have to reduce the deficit. How exactly are they going to do that? If this means cutting back on social problems when we need them the most? I so NO!!!!!!!!!!

I say I do NOT recognize the National debts! Of which the bulk consists of UNLAWFUL interest! They are making money out of thin air and thus SHOULD NOT be adding Interest. EVERY NATION should have the ability to make their own currency INTEREST FREE! Now sure if corruption is involved they can still manage to rack up the debt, Though I support a one world currency void of National debt! When money is produced out of thin air? Why should we owe money or pay interest to anyone?

This is the only way the world can free themselves from the enslavement of Capitalist credit/debt.

What really ticked me off was OBAMA using spin as all politicians like to do and state that his administration was the first to have hired people in a recession. Hello! Past politicians did not inject billions of dollars in surplus money(which in the long run will hurt America). Bush started this grand theft and Obama is following his lead. All this is, is a massive heist of money into the pockets of the elites and they left the tax payer the bill!

The Bank of America has made a noble gesture and a step in the right direction, though is it enough? Will it prevent further financial hardships?

http://finance.yahoo.com/news/bank-of-america-offers-principal-reductions-to-200-000-homeowners.html

Bank of America Offers Principal Reductions to 200,000 Homeowners
CNBCBy Diana Olick | CNBC – 18 hours ago


What are your thoughts?
 
Jarod said:
Way to go President Obama!
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The Dude said:
Speculators driving the price down. Those evil bastards!
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Speculation should not affect prices PERIOD! They look for every excuse to raise prices and when it turns out to be just paranoia, they say, sorry but thanks for our increased profit margins(at our expense)!
 
The dollar has been strengthening of late relative to the Euro and other currencies. That puts downward pressure on commodities.
 
So many were blaming the President, thought I'd give him some credit.
 
I dont belive the President is really responsable for the price going down, I simply want to point out the sillyness of those who were blaming him when the price went up.
 
Conservative said:
Prices were much lower before the Obamunists banned drilling.
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As if drilling helped bring down the price of gas. NOT! Anyone that has followed gas prices knows that they started to rise rapidly under George Bush. You people arer so polarized. You only see left and right. I see both criminals left and right.

Obama has very little control over the oil prices. Seeing that this is an election year? I'd say the elites want him to be re-elected.

Either way I am happy with the news.
 
wiseones2cents said:
Under bush we were paying threw the nose! Hopefully it continues to go down, and alternative energies start to replace fossil fuels.
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Under Bush, the same thing happened. Demand dropped at the end of his term due to the Great Recession. When he left office gas was at $1.809 per gallon...

Since then it went up huge. Now, however the Europeans are going through some tough times and their demand has dropped hugely. This causes the prices to drop. Supply and Demand... It works.

There are two ways to drop the price, create more supply worldwide or lower demand worldwide. Either way makes what we have in the market less costly to the consumer.
 
wiseones2cents said:
As if drilling helped bring down the price of gas. NOT! Anyone that has followed gas prices knows that they started to rise rapidly under George Bush. You people arer so polarized. You only see left and right. I see both criminals left and right.

Obama has very little control over the oil prices. Seeing that this is an election year? I'd say the elites want him to be re-elected.

Either way I am happy with the news.
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Dumb2cents please read about supply and demand. You are embarrassing yourself.
 
Damocles said:
Under Bush, the same thing happened. Demand dropped at the end of his term due to the Great Recession. When he left office gas was at $1.809 per gallon...

Since then it went up huge. Now, however the Europeans are going through some tough times and their demand has dropped hugely. This causes the prices to drop. Supply and Demand... It works.

There are two ways to drop the price, create more supply worldwide or lower demand worldwide. Either way makes what we have in the market less costly to the consumer.
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The great recession as you call it was underway even before bush took office thanks to the outsourcing of jobs to Asia. Whats the best way to kick start a failing economy? Wage war. If that doesn't masquerade the recession, inject stimulus into economy. Obama is just following bush's lead. So much for "change" that he promised.

Under bush it jumped under 90 cents a liter for only a few months and that was about it. It was high throughout most of bush's term and the same goes for Obama. Truth is, bush's an oil man, has more control over prices then Obama, and bush has more to gain from high gas prices and that is why those idiots jacked up the prices.

In regards to your last comment? There is MANY ways to increase profits. Specualtion(especially with rumours of war), sabotage your own oil infastructure, control supply(OPEC monopoly). ect...

Increased supply has not worked. Even OPEC stated that when output is increased, price doesn't come down. Also the more supply increases, the more China demands. It is a rapidly growing economy.

Now either it is just plain price gouging or there is not enough oil to sustain global growth which spells economic disaster eventually. Which one do you think?

Also note that because of increased manufacturing in Asia, and less and less manufacturing in the west? Demand has gone down considerably in the west.
 
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