How high could oil prices go with nobody having any money to buy gas with?
> I’m with the Donald on this.
Second that.
Donald is a moron.
Saudis no longer control the price of oil. After it was commoditized OPEC lost any control over oil prices. It’s now supply, demand and speculation that control the price.
Now, really. How can Mr. Trump know this? In addition to which, the Saudis are pumping oil like crazy anyway. They’re beating the crap out of all those old wells they have.
I think..I think..I think..the Donald is a duck.
The question is, what are they expecting in return?
bump
Low? Where??
Our communists master King Obama will do anything to get reelected so he can finish screwing America. He doesn’t care how he hurts the masses of people as long as he gets his goodies. And at least half of Americans are blind and pure ignorant to support this communists con man. Trump is right on. Then if reelected he will force the world suppliers to run oil up to 200 a barrel and pump prices at 10 a gallon. Have fun America.
The dollar price of motor fuel is falling....
But it is STILL way high!
Sometimes I think it’s a shame, When I get feelin’ better when I’m feelin’ no pain (nod to Gordon Lightfoot)
Donald has the right idea, but gives too much credit to zero and the Saudi’s for overt implementation of setting price.
The implicit agreement for the Saudi’s: zero, you keep bowing, and we’ll keep pumping. They like having this joker green environmentalist as US president, because they know that zero is good for the long term price of oil.
I think The Donald is blowing smoke on this one. While crude prices have declined from their peaks earlier this year, this is due to the worldwide economy, including ours, going into a swoon. China, India, almost all of Europe, and increasingly the U S of A appear to be in the second dip of the feared “double-dip” recession, which, in the case of ours, will probably eventually be correctly blamed on the earlier surge in oil prices.
The majority of the recessions striking our economy since the seventies, in fact, have been caused by energy price spikes, or such spikes were at the minimum a major contributing factor.
Besides, the $3.75 I paid to fill up here yesterday traveling through Idaho Falls sure as hell doesn’t fit my definition of “low”.
According to Canada’s Globe and Mail, “319-day news: the within a few days, Saudi Arabia has hired a large number of supertankers, the number is huge unheard of. A few weeks later, the tanker from the world’s largest oil port – tower Nu pull Hong Kong to start, start the 40-day voyage, the end of the U.S. Gulf Coast.
Its goal is clear – and lowered oil prices.
Given the value of the dollar, we will not see $30 oil for sometime. Even with good corn crops, prices remained high to historical norms.
Second the Saudi's are pumping oil because they even realize that Iran and Venezuela want production levels that hurt the US and the West and not for sound business reasons. Saudi is smart enough to realize healthy western economies is good for business.
Also, they want oil prices at level which will slow the US development of oil that is now coming online with new drilling techniques. They can't stop it, but keeping oil at reasonable levels will slow prospecting.
$3.80 a gallon is the “new cheap”? BS!
That statement bolsters Bachmens argument that if she were elected she would help bring gas prices down under $2.
A lot of Freepers laughed at her, but I think she was right, and $2 gas still could happen.
