You can't argue the fact that gas prices have come down quite a bit. Even after a major disaster in the Gulf, one has to wonder just how the prices could stay so much lower after losing so much of their profit. It was one excuse after the other as to why the prices went through the roof years ago. I wonder how they can explain prices being so low now after the largest disaster in history!
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Wednesday, August 11, 2010
Two Years Ago Today
You can't argue the fact that gas prices have come down quite a bit. Even after a major disaster in the Gulf, one has to wonder just how the prices could stay so much lower after losing so much of their profit. It was one excuse after the other as to why the prices went through the roof years ago. I wonder how they can explain prices being so low now after the largest disaster in history!
simple economics. recession pushed down (speculative) demand. Don't worry, the high prices will return. And I don't want to hear any complaining from the conservative "free market capitalism rules" section. Nor anything from all the dummies who went out and bought SUV's knowing they spend most of their time shuttling themselves to work and filling them with no more than 2 occupants.
ReplyDeleteIt's the largest natural disaster in history. The annual U.S. consumption of fuel demolishes the volume of oil that was leaked into the ocean.
ReplyDeleteAlthough we can seem to afford the losses, the wildlife and the industries that capitalize on it have to pay a horrific price.
Shows that Democrats are in bed with big oil .
ReplyDeleteThe Oil that psilled into the gulf was never barreled and counted, so it is not "lost" oil. It's like it was never there.
ReplyDelete10:19
ReplyDeleteAt the peak of the oil prices 2 years ago Pelosi refused to allow a vote on drilling for more domestic oil. The vote would have likely passed as the majority of Americans want more drilling, and a vote to allow drilling would have lowered the "speculative demand" almost overnight.
Instead of allowing the vote, she closed down the house and went on a vacation to Europe.
People in this country were deciding to buy gas or pay the mortgage and Pelosi refuse the vote.
I will never forget that and I will always remember how cold and uncaring the dumbocrats are with the will of the citizens in this country just like Obammy is now with the unemployment numbers and his job killing policies.
See you in November!
Ah 7:10, do the math on estimated offshore oil reserves and global demand. You might realize that those reserves are a drop in the bucket compared to demand and would have did very little for your prices.
ReplyDeleteNot that I am against drilling, but atleast be for it for the right reasons.
And you are foolish if you don't think that both parties play the same worn out political games.