You bet I bitched when he caused that price because it came from his damn urge to conquer the world. None of these wars had to be started. Try to imagine where this country might be if we had had a different president at the time of 9-11--not a cowboy who couldn't think, or speak, or negotiate. And BT you just don't remember--gas was $4.00+. I started carpooling to work.
When gas hits $5.00 a gallon this summer, unemployment at 9%, who knows what will be happening in the middle east, and his green policies driving the energy to heat our homes sky high, do you think that people will still be voting for Obama?
You bet I bitched when he caused that price because it came from his damn urge to conquer the world. None of these wars had to be started. Try to imagine where this country might be if we had had a different president at the time of 9-11--not a cowboy who couldn't think, or speak, or negotiate. And BT you just don't remember--gas was $4.00+. I started carpooling to work.
Face it Obama will win next year.
And how many of those wars that Obama promised to end are over?
HOUSTON — Oil prices closed below $100 a barrel on Thursday during a session in which most commodity prices fell sharply, signaling that a recent run-up in commodities prices may finally be coming to an end. Over the last four days, crude prices have declined by about 12 percent, the quickest drop so far this year. Gasoline prices have not yet declined, though experts say they have probably peaked and will begin falling in the next few days — probably in time for the Memorial Day weekend. (NY Times) http://www.nytimes.com/2011/05/06/business/06oil.html?_r=1&src=tptw
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
HOUSTON — Oil prices closed below $100 a barrel on Thursday during a session in which most commodity prices fell sharply, signaling that a recent run-up in commodities prices may finally be coming to an end. Over the last four days, crude prices have declined by about 12 percent, the quickest drop so far this year. Gasoline prices have not yet declined, though experts say they have probably peaked and will begin falling in the next few days — probably in time for the Memorial Day weekend. (NY Times) http://www.nytimes.com/2011/05/06/business/06oil.html?_r=1&src=tptw
I have to laugh at these guys.. Oil falls for one day and they say rally over. Are these the same "experts" that said we would be looking at $5 gas by summer a few weeks ago?
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
Home > News Indiana residents: Gasoline prices are forcing us to park our cars
By TOM COYNE Associated Press
2:00 p.m. CDT, May 5, 2011 SOUTH BEND, Ind.— Indiana residents say record-high gasoline prices are forcing them to park their cars, stay home more often and ride their bicycles.
"They're killing us. It's too expensive," said Luis Loredo, a 31-year-old painter from South Bend. "Sometimes I can only buy $5. Five dollars is nothing now. If I don't have to go, I don't go nowhere."
Five dollars was getting drivers a little more than a gallon of regular gasoline as prices hit record highs in Indiana. The AAA Hoosier Motor Club reports the average price of a gallon of regular gas was a record $4.25 on Wednesday, surpassing the mark of $4.19 a gallon set a day earlier. The previous record high was $4.17, set in September 2008 after Hurricane Ike disrupted some oil and gas production in the Gulf of Mexico.
"It's shocking," Russell Faeges, who teaches sociology at the University of Notre Dame, said as he filled his 1991 Ford Escort with gas that cost $4.29 a gallon.
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The national average for a gallon of gas reached $3.98 on Thursday, rising for a 44th consecutive day, according to AAA, Wright Express and Oil Price Information Service. While the nationwide average for a gallon of gasoline nears $4, the average price has been higher than that in Indiana since April 27.
The average price in Indiana ticked down slightly to $4.24 on Thursday. The metro area in Indiana with the highest cost for a gallon was Bloomington at $4.29. The only metro area in Indiana where gas was below $4.21 was in Evansville, where it was $3.98.
It wasn't that long ago that gasoline in Indiana was under $3. It cost $2.96 a gallon as recently as Dec. 21. It was $2.58 on Aug. 27 and $2.93 a year ago.
Hoosier Motor Club spokesman Greg Seiter said it is unusual for prices in Indiana to be significantly higher than the national average.
Home > News Indiana residents: Gasoline prices are forcing us to park our cars
By TOM COYNE Associated Press
2:00 p.m. CDT, May 5, 2011 SOUTH BEND, Ind.— Indiana residents say record-high gasoline prices are forcing them to park their cars, stay home more often and ride their bicycles.
"They're killing us. It's too expensive," said Luis Loredo, a 31-year-old painter from South Bend. "Sometimes I can only buy $5. Five dollars is nothing now. If I don't have to go, I don't go nowhere."
Five dollars was getting drivers a little more than a gallon of regular gasoline as prices hit record highs in Indiana. The AAA Hoosier Motor Club reports the average price of a gallon of regular gas was a record $4.25 on Wednesday, surpassing the mark of $4.19 a gallon set a day earlier. The previous record high was $4.17, set in September 2008 after Hurricane Ike disrupted some oil and gas production in the Gulf of Mexico.
"It's shocking," Russell Faeges, who teaches sociology at the University of Notre Dame, said as he filled his 1991 Ford Escort with gas that cost $4.29 a gallon.
Check out our crossword, sudoku and Jumble puzzles >>
The national average for a gallon of gas reached $3.98 on Thursday, rising for a 44th consecutive day, according to AAA, Wright Express and Oil Price Information Service. While the nationwide average for a gallon of gasoline nears $4, the average price has been higher than that in Indiana since April 27.
The average price in Indiana ticked down slightly to $4.24 on Thursday. The metro area in Indiana with the highest cost for a gallon was Bloomington at $4.29. The only metro area in Indiana where gas was below $4.21 was in Evansville, where it was $3.98.
It wasn't that long ago that gasoline in Indiana was under $3. It cost $2.96 a gallon as recently as Dec. 21. It was $2.58 on Aug. 27 and $2.93 a year ago.
Hoosier Motor Club spokesman Greg Seiter said it is unusual for prices in Indiana to be significantly higher than the national average.
A President has never been re-elected when unemployment was over 8%-back up to 9% in April. Put that with his nonexistent energy policy and appeasing foreign policy and you have Jimmy Carter in 1980. Even the second rate REPS sound better than him on economic and foreign policy issues.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Goldman Sachs, which in April predicted this week's major correction in oil prices, said on Friday oil could surpass recent highs by 2012 due to supply tightness.
The Wall Street bank, seen as one of the most influential in commodities business, said it did not rule out a further limited decline in oil prices [CLCV1 97.18 -2.62 (-2.63%)] in the short term.
News of Goldman's [GS 150.10 -0.31 (-0.21%)] mid-term outlook on Friday helped oil prices pare some earlier losses and move higher, though the unexpected jump in US payrolls for April also helped.
"It is important to emphasize that even as oil prices are pulling back from their recent highs, we expect them to return to or surpass the recent highs by next year," Goldman Sachs' analysts said in a research note.
"We continue to believe that the oil supply-demand fundamentals will tighten further over the course of this year, and likely reach critically tight levels by early next year should Libyan oil supplies remain off the market," it said.
It said it believed that this week's correction in oil prices, which fell from over $125 per barrel of Brent crude [LCOCV1 109.24 --- UNCH ] to below $106 on Friday, was sparked by disappointing economic data releases and U.S. oil inventory data.
"The sell-off yesterday (May 5) has likely removed a large portion of the risk premium that we believe has been embedded in oil prices, which could suggest further downside may be limited from here."
"However, we remain wary of potential further downside should economic data releases in coming days continue to disappoint, with the focus now turning to today's (May 6) non-farm payroll report in the United States."
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Goldman rocked markets in April by calling a nearly $20 fall in Brent, saying speculators had pushed prices ahead of fundamentals.
Goldman was one of the first banks to predict $100 oil last decade, in 2005 when prices were closer to $50 a barrel, but it stayed bullish for some time after oil peaked at $147 in 2008.
"In terms of timing, Goldman got it (the crash) right this time. Well done," said an oil trader with a major rival bank.
"It (this week's fall) was a move driven by macro funds after U.S. and German data disappointed and (European Central Bank President Jean-Claude) Trichet did not deliver on yet another rate rise," he said.
KEY PHRASE: "Should Libyan supply be off the market". It will be because of the continuing dithering by the pathetic Obama administration. If Obama came in when he was urged to by our allies instead of 3 weeks later Gaddafi would be where Bin Laden is today. Oil would be flowing, speculators selling short and gas prices crushed.
the president doesn't care how much gas costs....American streets are paved in gold---black gold......our chariots are run on gold.....the think-tanks are forcing a change
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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A President has never been re-elected when unemployment was over 8%-back up to 9% in April. Put that with his nonexistent energy policy and appeasing foreign policy and you have Jimmy Carter in 1980. Even the second rate REPS sound better than him on economic and foreign policy issues.
