The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
4.00 a gallon gas will kill any growth in the economy.
Stop helping us. Every time you help us, you screw the pooch. Just go on vacation and don't return.
“singular focus”, wow that sounds impressive. guess last summer when he and biden were going to be “focused like lasers” on job growth wasnt good enough.
If Obama is the nominee (I personally think he never had any intention of running for a second term), you can expect gas to go down to 98 cents a gallon in the months before the 2012 election.
Impeach next!
Leni
112th Congress will have the power to cut off their funding, ohh I forgot that will not apply till March 4th because of the Continuing Resolution passed by the House of Representatives.
Energy prices rises will be matched by the rise in food prices.
Prices will skyrocket and the usual cast of lefties will start moaning about the (overweight and obese)poor and exploited going hungry.
This will give the government the excuse to nationalize the food industry in the name of fairness while using the same reasoning the government gave for ObamaCare: Everyone has a right to a daily meal.
Once the government has control of the food industry...checkmate.
Like the first stimulus package worked so well...
Keep prepping.
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.
I think you meant get ready for even higher energy prices!
I see no legal way to prevent $5 per gallon gas. As you know, the cost of gas is a result of the price of oil that is set daily by auction. It is as transparent as anything can be, you can even bet if it will go up or down in the future and make money yourself.
You’re right, of course, a high gas price of gas will impact our recovery. We should have developed alternative fuels 20 or 30 years ago.
