Gas Price: Dubya's Fault!

Discussion in 'Miscellaneous' started by pettyfog, May 28, 2008.

  1. pettyfog

    pettyfog Well-Known Member

    Joined:
    Jan 4, 2005
    No, really! Who murdered Cheap Oil?

    And why it's going to plummet, again...
     
    #1
    pettyfog, May 28, 2008
  2. dtwondough

    dtwondough New Member

    Joined:
    Jul 27, 2006
    Location:
    Denver
    RE: Gas Price: Dubya

    Fog, hard to understand if you are agreeing that it is Dubya's fault or if you are mocking the article.

    http://www.slate.com/id/2191491/
     
    #2
    dtwondough, May 28, 2008
  3. HatterDon

    HatterDon Moderator

    Joined:
    Mar 18, 2006
    Location:
    Peoples Republic of South Texas
    silly rabbit; the president is only to blame for something bad if he's a Democrat. The president only gets credit for something if he's a Republican. You need to read those labels more closely.

    Who's getting the blame for this in most of the talk shows? Congress, of course. Thank goodness for the 2006 elections. Now there's SOME branch of government we can blame for things again [without emboldening the you-know-whos]. :twisted:
     
    #3
    HatterDon, May 28, 2008
  4. SoCalJoe

    SoCalJoe Well-Known Member

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    Sep 5, 2006
    Location:
    Walnut, CA
    Well, at least I know who to address my angry letter to.
     
    #4
    SoCalJoe, May 28, 2008
  5. jmh

    jmh New Member

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    Jul 2, 2006
    Location:
    Brooklyn, NY
    Gas prices aren't expensive because of Presidential policy, gas prices are expensive because we use too much gas, as a result of 60 years of public policy favoring the automobile over other forms of transportation.
     
    #5
    jmh, May 28, 2008
  6. FulhamAg

    FulhamAg New Member

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    Apr 5, 2008
    Location:
    San Antonio, Texas
    Nah, it's because God hates us. :wink:

    Or it could be a combination of factors including increased demand from China and India.

    Re W: at least we're not in a recession....well, techinically....according to Wall Street....depending on which index you look at....
     
    #6
    FulhamAg, May 28, 2008
  7. krhimself

    krhimself New Member

    Joined:
    Aug 11, 2005
    Location:
    Orlando, via Japan
    Re: RE: Gas Price: Dubya

    I think that article hits it right on the head, to be honest. In comparison with other places around the world, the gas prices here are, well, bearable.
     
    #7
    krhimself, May 28, 2008
  8. jmh

    jmh New Member

    Joined:
    Jul 2, 2006
    Location:
    Brooklyn, NY
    Re: RE: Gas Price: Dubya

    We tend to feel that they're unbearable, though, in comparison to folks in Germany (who pay something like double what we do), for example, because we're so dependent on driving for all our transportation needs. Subdivisions aren't built for people to walk from place to place (I didn't realize this but a lot of towns build streets without sidewalks), people don't take cycling seriously as a mode of transportation, and our rail network is third-rate in a lot of ways.
     
    #8
    jmh, May 28, 2008
  9. HatterDon

    HatterDon Moderator

    Joined:
    Mar 18, 2006
    Location:
    Peoples Republic of South Texas
    Also, in countries like Germany, the taxes on gasoline, tobacco, alcohol and the like go to subsidize their public infrastructure and to provide quality medical care to all their civilians.

    If we did that, I'd happily pay their prices. However, by the time we have their prices, it would still all go to the bigwigs at the oil companies.
     
    #9
    HatterDon, May 28, 2008
  10. pettyfog

    pettyfog Well-Known Member

    Joined:
    Jan 4, 2005
    Sorry, guys.. it absolutely IS down to Dubya's Administration though there's plenty other culprits to share the blame.
    I wont go into that, here... you know what I think about that.

    The KEY thing is 'printing' money to keep the Prime rate down and the pump primed.
    He's an ex oil guy, he should have known the risks. Oil defines the dollar not the other way around, however when the intrinsic value of the currency drops, the price of the supporting commodity will rise.

    Another thing is he should have done more to force opening up proven reserves.

    Now, waiting for the other shoe... as the writer says, this price cannot be sustained.

    Didnt I say in another thread a week or so ago that I have the feeling a lot of people are getting in to sell short?
     
    #10
    pettyfog, May 28, 2008
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