Posted on 12/23/2010 9:16:02 AM PST by Todd Kinsey
Earlier this week the president said his singular focus for the next two years will be on the economy. Of course we have heard this from the president since he took office and he told us that we must pass the now failed stimulus package to keep unemployment from reaching eight-percent. Now, as unemployment has hovered near ten-percent for nearly two years, President Obama continues to pay lip service to the economy while implementing policy that is detrimental to economic growth.
The Politico is reporting that next week, the Environmental Protection Agency will announce major new greenhouse gas regulations for
(Excerpt) Read more at examiner.com ...
Like the first stimulus package worked so well...
Keep prepping.
Regular unleaded DROPPED about 50 cents this last week in Central Texas.
Crude Passes $91, As $100 Billion In US GDP Is Wiped Out In Minutes
http://www.zerohedge.com/article/crude-passes-91-100-billion-us-gdp-wiped-out-minutes
I live 70 miles from Albuquerque and go there once a week to shop for groceries, etc. For the last three months, every week diesel has gone up at least a nickle. It is now $3.39.
Oh right, a domestic terrorist hate radio station. I've heard they broadcast anti-revolutionary propaganda, and question the wisdom of Perfect Historic Leader.
I'm glad we only listen to state-approved NPR on the local content and diversity-friendly KOMI. It makes the hurt thinking stop.
Did you hear how Al Gore saved or created 3 million degrees? And that Joe Biden won the Nobel Brain Award?
“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” barry barack hussein soetero obama 2008
So cap & trade has been knocked down but barry O will use the power of the EPA to do the same damage to our economy through rising energy costs.
A good start would be to eliminate every law, agency and/or idea any Progressive has ever put forth in this country...including
NEA, EPA, The Fed, Social Security, income tax, etc...etc...etc...
A good start would be to eliminate every law, agency and/or idea any Progressive has ever put forth in this country...including
NEA, EPA, The Fed, Social Security, income tax, etc...etc...etc...
FoxNews isn’t saying anything about the price of oil going up either. I’ve been watching it for months. My business has a fleet of service trucks and the price of gas going up really puts a strain on cost.
Check out the grocery store too.
Historically, retail gasoline prices in the United States have followed a seasonal pattern. Prices typically rise during the summer driving season and drop after Labor Day. Over the 2004 through 2007 period and in 2009 (2008 is excluded due to the rapid run-up and subsequent crash in crude oil prices over the course of that year), the national average price for a gallon of regular gasoline fell an average of 22 cents between Labor Day and the middle of December. However, 2010 has seen a reversal in this pattern; the national average price has risen by 30 cents per gallon since Labor Day, the largest increase over that period since EIA began publishing weekly retail gasoline price data in 1990. The $2.98 per gallon national average price of regular gasoline is the second highest on record for the third week of December, surpassed only by 2007 when the average price reached $3.00 per gallon.
Rising crude oil prices have been the main driver behind increasing U.S. and global gasoline prices. Crude oil prices have been supported by strengthening global demand for products. Demand growth in 2010 has been broad-based, with strong non-OECD oil demand throughout the year, augmented by a pick-up in OECD consumption, particularly in the United States, as the year progressed. Based on monthly data through September, U.S. gasoline demand increased (year-over-year) for six consecutive months, the longest such stretch since 2007. Weekly data for October, November, and December indicate that trend is continuing.
Strengthening demand combined with a tightening U.S. supply picture (particularly on the East Coast) to further boost price pressures. Gasoline supply in the East Coast market is highly dependent on imports, and events in the weeks following Labor Day complicated the import picture. In October and November, a planned outage at Irving Oil’s St. John refinery in Canada, a major supplier of gasoline to the United States, coupled with port and refinery strikes in France, limited the amount of gasoline available for import. These events, along with routine seasonal maintenance at several key domestic refineries, led to a sharp drop in inventories on the East Coast. In late August, gasoline inventories on the East Coast were in excess of their five-year average by over 11 million barrels; however, by the end of November, that excess inventory had been completely eroded, with inventory levels almost 3 million barrels under the five-year average.
This Week In Petroleum, December 22, 2010
http://www.eia.gov/oog/info/twip/twip.asp
US Dollar is getting beat to hell. Interest rates are going to rise. And inflation will be hitting hard. He’s doing his best to bring us to our knees.
New deepwater drilling permits: Zilch
http://money.cnn.com/2010/11/12/news/economy/offshore_drilling_moratorium/index.htm
Like Donald Trump said. Oil is the life blood of our country and when we had $4.00 gasoline, we went into a recession.
Those of us who were around in the 1970s know full well what increased oil prices will do to our economy. You ain't seen nuthin' yet! Just ask Paul Volker. Oh...wait... I forgot... he's now advising The Failed Obama Administration©!!!!
I remember very well. What was your gas day? Even or Odd.
I suppose I’d better pick up locking gas caps for the vehicles. Or should I sell them and start taking the bus?
Not to mention any retirement or other savings that is not protected somehow against inflation.
How could these people not intentionally want to make us slaves to the government when everything they do is doing so much to make that so?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.