Posted on 05/30/2012 7:51:58 PM PDT by izzatzo
Actually, I know the answer to my own question. The answer is manyfold: Hussein has lifted the drilling moratorium; Hussein approved Keystone; Hussein has opened domestic exploration, drilling, and production; Hussein has opened the "strategic reserve"; Hussein didn't actually "invest" all those billions in Brazil's, etc. petroleum industries, he invested it our petroleum industry; Hussein Obama pees oil thereby increasing domestic supply driving the price down; isn't Obama wonderful? NOT
I'm not an industry economist so what did I miss? Don't tell me it's all because of Memorial Day and summer's arrival, that doesn't make sense.
This is not an excerpt.
There’s been a drop in the price at the pumps?? Really?? Of $0.60 per gallon? Where? Certainly NOT in California.
In Houston the lowest I seen is 3.39 so far.
Here in Hilo, HI it’s still 4.65 and up as you head to Kona
The fall in the value of the Euro has caused a rise in the value of the dollar, hence more oil for the buck. That and demand is lower because no one needs to ship stuff if no one is buying stuff, and if no one is buying stuff, there’s less demand for petroleum products like plastic, too.
Anyone out there who believes that gas prices are determined by the the principles of the free market, probably still believes wealth can be obtain by leaving a tooth under their pillow for the tooth fairy.
They didn’t get the memo in Oregon, our station went from 4.23 to 4.27 for unleaded today. That’s almost 40 cents more than what I paid in Chicago (3.79) on Thursday. That’s crazy!
Weak Demand: The economy continues to flatline -- demand for gasoline continues to drift lower eventhough it's Summer driving season.
Remember when Barrack bowed to the Saudia King.
Here is his reward: The Saudia sent a flood of oil to the US last month and FLOODED the market with oil!
Nobody in the newrooms is smart enough to connect the dots. Just in time to help Obama avoid any effects of gas prices on his re-election chances.
Fracking is saving our economy.
Meanwhile, I’m sure our local “conservative” moron radio host will not offer any grateful cheers to the local gas stations. He likes griping about how they are “gouging” everyone at every chance, but like liberals, fails to offer any kudos when prices have gone down, only vitriol when it goes up. He doesn’t understand why a gas station near our big beltway is more expensive than the station in horse country 5 mi down the road. Moron.
Retail gasoline prices in Aiken County, SC for 2012: 01/04 3.009 01/18 3.189 01/28 3.099 02/09 3.369 02/21 3.439 03/07 3.499 03/19 3.539 03/24 3.689 03/28 3.649 04/12 3.659 05/01 3.539 05/09 3.339 05/21 3.299 05/30 3.149
Obozo’s moratorium is the only thing keeping it above $3/gal. Lots of new production in WY that he can’t stop.
Pray for America
The One picked up the phone, called the King of Saudi Arabia, and said, “I need for you to hold the price of oil down until after the election.”
Nope, no conspiracy.
What is happening is the collapse of the EU. Wealthy europeans are fleeing the euro and buying american dollars and american bonds. This is driving up the value of the american dollar, so everything priced in dollars falls in price.
Our economy is still going down the shitter, it just looks like it isn’t at this particular moment because of the flight from the euro to the dollar. It’s temporary. Once there’s no more rich europeans left to flee from the euro, the dollar will drop back down to its former value...or lower. Then rich people will have to find something else to flee to...maybe the brazillian currency...maybe back to the euro after the PIIGS are purged from the EU.
Normally the Saudis send one supertanker every 2 months.
This spring the Saudis sent 11 supertankers to the US.
That is why gas prices are falling now. After the election, the prices will skyrocket again.
And if Obama could get the Saudis to do this for him, what other events could he have arranged to occur to help himself?
War? Yep. I think he is going to ‘Wag the Dog’ and have a event take place so that he can take ‘command’ to save the day and his regime.
Gut feeling, without looking at all the numbers, I’ll offer two theories:
1. The Arab countries are seeing a collapse in their best customers - the West - and deciding as good merchants do that a lower price means increased consumption. They’re increasing production to sell as much as they can before the Western economies collapse.
2. Big Boy Billionaires are slinging money around in the speculative market (i.e. Soros) which affects pricing. When you have several billion dollars to throw on the table you can influence market prices.
Q.E.D. the supporters of the new world order like Soros can manipulate the outcome of the global economy. I think we’re seeing a combination of the above two things.
Kit
It is still climbing up in Nevada.
Damn right, and his Muslim Saudi buds are raising production muy pronto to drop the price of crude. But once Obama is reelected, Katy bar the door on rising crude prices.
America and Americans no longer control the oil market. US companies control less that 5% of the worlds oil production.
Crude oil is a fungible commodity and what the US does today matters little on the world price of it.
True, our motor home has been sitting idle (no pun intended) for a long time. If gas prices dip below $3.00 a gallon. wife and I “might” take a road trip, but until then it’s paid for and isn’t eating anything but cost of insurance and yearly license fee.
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.