Gas price down 13 cents from a year ago....bad news for Republicans

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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    Kirk in a previous life: http://www.youtube.com/watch?v=zDAmPIq29ro&feature=youtube_gdata_player
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Re: Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE]In Response to Gas price down 13 cents from a year ago....bad news for Republicans : Clearly due to Obama...what was it he did to lower prices???
    Posted by WhichOnesPink2[/QUOTE]


    Didn't you know?  Obama has been strapping barrels of gasoline to his back and carrying them to all the local gas stations.
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE]Gas prices continued their slide today, with the average price of a gallon of regular gas at $3.83, down 4 cents from a week ago, according to the Department of Energy. This price is also down 13 cents from a year ago. http://abcnews.go.com/blogs/business/2012/04/gas-prices-down-4-cents-a-gallon/
    Posted by Kirk6[/QUOTE]

    still up nearly $2 a gallon since he took office.
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE]Gas prices continued their slide today, with the average price of a gallon of regular gas at $3.83, down 4 cents from a week ago, according to the Department of Energy. This price is also down 13 cents from a year ago. http://abcnews.go.com/blogs/business/2012/04/gas-prices-down-4-cents-a-gallon/
    Posted by Kirk6[/QUOTE]

    Republicans only want the country to fail. When things are going good, they are so unhappy:)...... LOL
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In response to "Re: Gas price down 13 cents from a year ago....bad news for Republicans": [QUOTE]In Response to Gas price down 13 cents from a year ago....bad news for Republicans : Republicans only want the country to fail. When things are going good, they are so unhappy:)...... LOL Posted by AlleyCatBruin[/QUOTE] Oh Jebus, you're right. Happy days are here again.
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Re: Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE]In Response to Gas price down 13 cents from a year ago....bad news for Republicans : Republicans only want the country to fail. When things are going good, they are so unhappy:)...... LOL
    Posted by AlleyCatBruin[/QUOTE]


    The price of gas is good?  UP two dollars since Obama took office.

    That is two dollars per gallon going to the mean evil oil companies, instead of going to things like schools and poor people.
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Re: Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE]In Response to Re: Gas price down 13 cents from a year ago....bad news for Republicans : Yeah. Because picking Sarah Palin as VP was wicked smaaaaaht.
    Posted by WhatDoYouWantNow[/QUOTE]


    I dunno about that.  Biden might have Palin beat in the idiot department.
     
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    Re: Gas price down 13 cents from a year ago....bad news for Republicans

    In Response to Re: Gas price down 13 cents from a year ago....bad news for Republicans:
    [QUOTE] Though gasoline prices have been falling recently, they are still near their all time high of 5 years ago, after climbing steeply over the last three years. In an article from AlterNet, they discuss the main reason is financialization. Below is a portion of that article. ________________________________________________________________ This speculative invasion is why gasoline prices are climbing rapidly. The only question remaining is how much of the price rise is due to excess speculation. Here’s what the experts say: The St. Louis Federal Reserve (not exactly a Marxist institution) claims that 15 percent of the rise in gasoline prices is due to Wall Street speculation ( PDF ). A report from the House Committee on Government Oversight claims that up to 30 percent of the rise may be due to speculators. Even experts at Goldman Sachs, of all places, say that “excessive speculation is causing oil prices to spike by up to 40%.” And Saudi Arabia, ”the largest exporter of oil in the world, told the Bush administration back in 2008 , during the last major spike in oil prices, that speculation was responsible for about $40 of a barrel of oil.” This flip in the balance of real economic activity and speculation is precisely what John Maynard Keynes warned us about more than 75 years ago: "Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. The measure of success attained by Wall Street, regarded as an institution of which the proper social purpose is to direct new investment into the most profitable channels in terms of future yield, cannot be claimed as one of the outstanding triumphs of laissez-faire capitalism…." Who are the speculators? Senator Bernie Sanders released classified documents  revealing the names of the largest speculators in the oil markets as of 2008. A look at the top 20 speculators reveals that only five are actually involved in producing, shipping, refining and consuming oil (Vitol, CMA, ENA, Semgroup and Emirates Oil). The other 15 are banks and investment houses – a virtual who’s who of Wall Street firms that puffed up the housing bubble and took down the economy. Goldman Sachs, Morgan Stanley, JP Morgan Chase, Merrill Lynch, Citigroup -- they all make the list. ________________________________________________________________ http://www.alternet.org/story/155193/how_wall_street_drives_up_gas_prices_--_ripping_us_off_and_killing_jobs?akid=8703.1077246.f4wYrs&rd=1&t=3
    Posted by andiejen[/QUOTE]

    What drives speculation?
     
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