Thank Obama For Your Higher Gas Prices (1 Viewer)

[flapgreen]

Is he still going to pay for my home?

He has cut the checks but the Republicans are holding it up.

sons of #####es

 

[msommer]

Thanks for the dropping prices Obama

 

[MAC_32]

Thanks for the dropping prices Election season.

 

[fatness]

$2.89/gallon in northern MD.

 

[PatsWillWin]

When Jim11 started this thread, he made the assumption that the chaos in Iraq and the rise of ISIS would cause gas prices to go up. While I don't agree with his "blame Obama for everything" nonsense, I think that this was a reasonable assumption to make. Whenever there is crisis in the Middle East, gas prices usually rise, because international speculators get jittery.

But it hasn't happened yet this time. And frankly I have no idea why. Anybody have any thoughts on this?

http://forums.footballguys.com/forum/index.php?showtopic=714001&p=17419112

 

[Henry Ford]

$2.61 this morning at the expensive station. I just don't know how much more of this the country can take.

 

[Das Boot]

Thanks Obama!

 

[The General]

$2.61 this morning at the expensive station. I just don't know how much more of this the country can take.

This combined with stock market at all time highs are really killing my wallet. Thanks Obummer!!!

 

[NutterButter]

$2.61 this morning at the expensive station. I just don't know how much more of this the country can take.

This combined with stock market at all time highs are really killing my wallet. Thanks Obummer!!!

great time to be an american

 

[Mr. Pickles]

Thanks for the dropping prices Election season.

His control of big oil is unprecedented.

 

[The General]

When Jim11 started this thread, he made the assumption that the chaos in Iraq and the rise of ISIS would cause gas prices to go up. While I don't agree with his "blame Obama for everything" nonsense, I think that this was a reasonable assumption to make. Whenever there is crisis in the Middle East, gas prices usually rise, because international speculators get jittery.

But it hasn't happened yet this time. And frankly I have no idea why. Anybody have any thoughts on this?

Yeah I think he was being more of a troll **** bag.

 

[Aerial Assault]

When Jim11 started this thread, he made the assumption that the chaos in Iraq and the rise of ISIS would cause gas prices to go up. While I don't agree with his "blame Obama for everything" nonsense, I think that this was a reasonable assumption to make. Whenever there is crisis in the Middle East, gas prices usually rise, because international speculators get jittery.

But it hasn't happened yet this time. And frankly I have no idea why. Anybody have any thoughts on this?

Yeah I think he was being more of a troll **** bag.

Is that . . . even possible?

 

[Riversco]

When Jim11 started this thread, he made the assumption that the chaos in Iraq and the rise of ISIS would cause gas prices to go up. While I don't agree with his "blame Obama for everything" nonsense, I think that this was a reasonable assumption to make. Whenever there is crisis in the Middle East, gas prices usually rise, because international speculators get jittery.

But it hasn't happened yet this time. And frankly I have no idea why. Anybody have any thoughts on this?

Might be because the Euro is weak. Yen is weak. Dollar is strong.

http://www.theguardian.com/business/2014/nov/02/world-shares-soar-and-yen-crumbles-as-qe-is-beefed-up-in-japan

Timing is everything for central banks, and the Bank of Japan chose the perfect moment to announce the expansion of its quantitative easing programme. Coming less than 48 hours after the US Federal Reserve brought its money creation scheme to a halt

http://www.thesundaytimes.co.uk/sto/business/Economy/article1478659.ece

THE European Central Bank faces pressure to launch a programme of full-blown quantitative easing (QE) at its monthly meeting this week — but economists expect any move will be postponed until next year at the earliest.
On Friday, the Bank of Japan stunned markets by expanding its stimulus programme just days after the US Federal Reserve ended its own QE scheme. The Fed started QE in the wake of the 2007-2008 financial crisis.

http://www.bloomberg.com/news/2014-09-11/food-prices-drop-to-4-year-low-on-tumbling-milk-to-oils.html

Food prices fell to the lowest in almost four years in August as costs of milk, cheese and cooking oils tumbled

http://www.cnbc.com/id/102083410

prices of corn, soybeans and wheat down by more than 40 percent from their 2014 highs

—along with a sharp drop in oil and gasoline prices—

The strengthening dollar will also help push U.S. prices lower, according to Smith. He also notes that lower oil prices will reduce production costs for farmers and food processors.

 

[Apple Jack]

blind sheepel to the ebolas inFects us socialism next door look cheap gas lol!!!!!

 

[Uncle CornCob]

When Jim11 started this thread, he made the assumption that the chaos in Iraq and the rise of ISIS would cause gas prices to go up. While I don't agree with his "blame Obama for everything" nonsense, I think that this was a reasonable assumption to make. Whenever there is crisis in the Middle East, gas prices usually rise, because international speculators get jittery.

But it hasn't happened yet this time. And frankly I have no idea why. Anybody have any thoughts on this?

Yeah I think he was being more of a troll **** bag.

 

[3C's]

$2.53 at my Costco today!

Thanks Obama!!!

Obama be just giving it away

Must be like the phones.

I missed out on my free phone.

Yeah, no idea why white middle-class people are getting the gas.

Illegal immigration means more Mexican food.

 

[Henry Ford]

blind sheepel to the ebolas inFects us socialism next door look cheap gas lol!!!!!

They make decaf that tastes like regular coffee now.

 

[lod01]

$2.61 this morning at the expensive station. I just don't know how much more of this the country can take.

This combined with stock market at all time highs are really killing my wallet. Thanks Obummer!!!

Having trouble folding it up and sticking it in your back pocket due to all the Ben Franklin's the great Obama has inserted into it?

 

[George Jefferson Airplane]

Milk is now more expensive than gas per gallon.

Thanks Obama!!!!

 

[NCCommish]

Milk is now more expensive than gas per gallon.

Thanks Obama!!!!

Drought in California. Going to drive up your pizza costs as well. Cheese is through the roof. The smaller chains are having to raise prices already only a matter of time before the big 3 do.

 

[Godsbrother]

I don't know why Obama didn't lower gas prices earlier but I'm really thankful he got around to it. He is so awesome he's got my vote in 2016.

 

[Henry Ford]

I don't know why Obama didn't lower gas prices earlier but I'm really thankful he got around to it.

He didn't want you to think it was just about votes. He wants you to know he really just wants to do something nice, even if he can't get elected again on it.

 

[NutterButter]

I don't know why Obama didn't lower gas prices earlier but I'm really thankful he got around to it. He is so awesome he's got my vote in 2016.

He was too busy saving the stock market.

 

[lod01]

I don't know why Obama didn't lower gas prices earlier but I'm really thankful he got around to it. He is so awesome he's got my vote in 2016.

He was too busy saving the stock market.

The guy is a miracle worker.

 

[Scoresman]

these prices are great. as an independent voter, im going to be checking off all the Ds on my ballot this year as a result!

 

[The General]

Milk is now more expensive than gas per gallon.

Thanks Obama!!!!

That could seriously be a Sean Hannity talking point.

WHY DO YOU HATE DAIRY FARMERS MR. PRESIDENT!!!

 

[fatness]

Milk is now more expensive than gas per gallon.

Thanks Obama!!!!

That could seriously be a Sean Hannity talking point.

WHY DO YOU HATE DAIRY FARMERS MR. PRESIDENT!!!

AND COWS??? WHAT HAVE OUR GOD-FEARING COWS DONE TO DESERVE THIS???

 

[MaxThreshold]

these prices are great. as an independent voter, im going to be checking off all the Ds on my ballot this year as a result!

To be fair, you were always doing that in every election. So I'm not so sure the gas prices have changed anything with you.

We associate you as an "independent" the same way we associate ToddAndrews as "independent". Meaning, you're really a lefty in "independent" clothing (far left, in Todd's case).

 

[Scoresman]

these prices are great. as an independent voter, im going to be checking off all the Ds on my ballot this year as a result!

To be fair, you were always doing that in every election. So I'm not so sure the gas prices have changed anything with you.

We associate you as an "independent" the same way we associate ToddAndrews as "independent". Meaning, you're really a lefty in "independent" clothing (far left, in Todd's case).

I voted for Schwarzenegger and a few other republican congressmen and countless republican backed propositions. It's the social policies that I tend to be liberal on.

 

[cstu]

Oil at $40 Possible

heap Gasoline

Few expected the extent or speed of the U.S. oil resurgence. As wildcatters unlocked new energy supplies, some oil exporters abroad failed to invest in diversifying their economies. Coddled by years of $100 crude, governments instead spent that windfall subsidizing everything from 5 cents-per-gallon gasoline to cheap housing that kept a growing population of underemployed citizens content.

Those handouts are now at risk.

“If the governments aren’t able to spend to keep the kids off the streets they will go back to the streets, and we could start to see political disruption and upheaval,” said Paul Stevens, distinguished fellow for energy, environment and resources at Chatham House in London, a U.K. policy group. “The majority of members of OPEC need well over $100 a barrel to balance their budgets. If they start cutting expenditure, this is likely to cause problems.”

Costs as Benchmark

Oil has dropped 37 percent this year and, in theory, production can continue to flow until prices fall below the day-to-day costs at existing wells. Stevens said some U.S. shale producers may break even at $40 a barrel or less. The International Energy Agency estimates most drilling in the Bakken formation -- the shale producers that OPEC seeks to drive out of business -- return cash at $42 a barrel.

“Right now we’re seeing a price shock coming out of the meeting and it will be a couple of weeks until we see where the price really falls,” said Yergin. Officials “have to figure out where the new price range is, and that’s the drama that’s going to play out in the weeks ahead.”

Brent crude finished last week around $70, and New York oil near $66. Brent is now at its lowest since the financial crisis -- when it bottomed around $36.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

 

[lod01]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

The Saudis plan is to keep production at their current levels until they bankrupt the shale oil producers. They can survive short term lower prices. It will be interesting how this plays out.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

The Saudis plan is to keep production at their current levels until they bankrupt the shale oil producers. They can survive short term lower prices. It will be interesting how this plays out.

So we are affecting global oil prices, right?

 

[cstu]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

I'm not sure what he said about that, but it's Bakken production that is having the biggest impact.

 

[cstu]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

The Saudis plan is to keep production at their current levels until they bankrupt the shale oil producers. They can survive short term lower prices. It will be interesting how this plays out.

That's what they are trying to do but good luck. The oil there isn't going anywhere so when the price goes up it won't take long to get production going again.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

I'm not sure what he said about that, but it's Bakken production that is having the biggest impact.

Your link simply supports my point. Thanks?

 

[lod01]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

The Saudis plan is to keep production at their current levels until they bankrupt the shale oil producers. They can survive short term lower prices. It will be interesting how this plays out.

So we are affecting global oil prices, right?

Of course. That is pretty obvious.

 

[cstu]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

I'm not sure what he said about that, but it's Bakken production that is having the biggest impact.

Your link simply supports my point. Thanks?

Was Tim against getting oil from Bakken?

 

[lod01]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

The Saudis plan is to keep production at their current levels until they bankrupt the shale oil producers. They can survive short term lower prices. It will be interesting how this plays out.

That's what they are trying to do but good luck. The oil there isn't going anywhere so when the price goes up it won't take long to get production going again.

That's what I would think as well.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

I'm not sure what he said about that, but it's Bakken production that is having the biggest impact.

Your link simply supports my point. Thanks?

Was Tim against getting oil from Bakken?

Why did you not answer my question? Simple yes or no will do.

 

[SHIZNITTTT]

I blame Obama for lower gas prices!

 

[cstu]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

I'm not sure what he said about that, but it's Bakken production that is having the biggest impact.

Your link simply supports my point. Thanks?

Was Tim against getting oil from Bakken?

Why did you not answer my question? Simple yes or no will do.

Simple yes.

 

[Das Boot]

Bought @ $2.57 / gallon today.

Thanks Obama!

 

[dozer]

$2.38

 

[roadkill1292]

There's a ####### chocolate shortage coming. Thanks, Obama.

LOFL at our boy Jim.

 

[Lutherman2112]

There's a ####### chocolate shortage coming. Thanks, Obama.

LOFL at our boy Jim.

Now imagine the chocolate' s white.

 

[flapgreen]

Thanks

 

[timschochet]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

This is a fair criticism. I relied on several economists who made that argument, which I found to be compelling. It appears that they were wrong, and therefore so was I.

Does this mean that, as a general rule, we (the United States) can affect global oil prices by increasing our own production? I don't know. But I'm certainly open to the idea now, and I wasn't before.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

This is a fair criticism. I relied on several economists who made that argument, which I found to be compelling. It appears that they were wrong, and therefore so was I.

Does this mean that, as a general rule, we (the United States) can affect global oil prices by increasing our own production? I don't know. But I'm certainly open to the idea now, and I wasn't before.

No it just means you're an F'ing idiot on one more topic. And don't start with the insult crap after the insults you threw in the Ferguson thread and, when called on them, didn't even bother to acknowledge or apologize for. F'ing doosh.

 

[StrikeS2k]

Lol I remember a bunch of people here, specifically Timmy, who said US production of oil could NEVER reduce global prices of oil/gas. Bet none of them admit they were wrong.

This is a fair criticism. I relied on several economists who made that argument, which I found to be compelling. It appears that they were wrong, and therefore so was I.

Does this mean that, as a general rule, we (the United States) can affect global oil prices by increasing our own production? I don't know. But I'm certainly open to the idea now, and I wasn't before.

BTW, the real answer to this is yes. We are producing oil at the highest rate than in over 30 years. OPEC knows that if they cut back on production we will fill the void. There is actually a glut of oil in the world right now, and it's mainly due to our increase in production. Did you take any economics courses when your dad paid for you to attend junior college? If so you'd know that when there is more of something than people are consuming the price goes down. Well, that is exactly what is happening right now on a global scale with oil. So #### for once. You have no clue on this topic and I'm sick of you wasting everyone's time on stuff you haven't even researched.