Gas prices continue to head south

[Fury]

speaking of reading comprehension

how about you post a link so we can all read exactly what the article said rather than just the part you think you remember

Nah.

www.google.com

[Straw Man]

Nah.

www.google.com

as I expected

if you're going to site a reference then provide it or don't use it

[Fury]

as I expected

if you're going to site a reference then provide it or don't use it

Nah.

[Straw Man]

Nah.

anything you refer to that you can't source I immediately discount to zero

end of story

[Soul Crusher]

as I expected

if you're going to site a reference then provide it or don't use it

Bernake has been an easy money Fed Chairman since he got there.   

[Fury]

anything you refer to that you can't source I immediately discount to zero

end of story

Again, you seem to have trouble processing the fact that I couldn't care less about your opinion.

I consider you to be a complete moron. Hope this helps.

[Straw Man]

Again, you seem to have trouble processing the fact that I couldn't care less about your opinion.

I consider you to be a complete moron. Hope this helps.

and you seem to be just as oblivious that I feel the same way

I always post sources and everyone is free to read them and draw their own conclusion

you never (or almost never) post sources and just expect everyone to trust your memory and reading comprehension

[Fury]

and you seem to be just as oblivious that I feel the same way

I always post sources and everyone is free to read them and draw their own conclusion

you never (or almost never) post sources and just expect everyone to trust your memory and reading comprehension

I source pretty much everything I post. I'm sorry that you're incapable of using Google and can only build your arguments around nit-picking pointless tidbits of information.

You're not a good debater and again, everything you do leads me to believe that you're a moron. Hope this helps. 

[Straw Man]

I source pretty much everything I post. I'm sorry that you're incapable of using Google and can only build your arguments around nit-picking pointless tidbits of information.

You're not a good debater and again, everything you do leads me to believe that you're a moron. Hope this helps. 

everytime you make an unsourced claim (meaning you say "x" says) and I ask you to post a link you always whine like a little bitch

maybe someday you'll actually grow up and act and interact like an adult

[Soul Crusher]

everytime you make an unsourced claim (meaning you say "x" says) and I ask you to post a link you always whine like a little bitch

maybe someday you'll actually grow up and act and interact like an adult

Straw - why do YOU think prices are going down? 

[Fury]

everytime you make an unsourced claim (meaning you say "x" says) and I ask you to post a link you always whine like a little bitch

maybe someday you'll actually grow up and act and interact like an adult

Why? I can't think of the last time you actually argued a point with sources or facts. Your opinion (read: opinion as that's all you post) isn't important to me. I treat you like the moron I consider you to be.

Can't think of the last time you actually posted in a worthwhile thread like one about the economy or jobs. Carry on with showing us how little you know about economics and your crying about Trayvon.

[Straw Man]

Why? I can't think of the last time you actually argued a point with sources or facts. Your opinion (read: opinion as that's all you post) isn't important to me. I treat you like the moron I consider you to be.

Can't think of the last time you actually posted in a worthwhile thread like one about the economy or jobs. Carry on with showing us how little you know about economics and your crying about Trayvon.

that goes right back to my point about your shitty memory

[OzmO]

Did Obama and pelosi and boxer et al blame bush in 2008 for 3 dollar gas yes or no? 

 . Do politicians blame each other for crap all through history?

Grow up.

[Soul Crusher]

. Do politicians blame each other for crap all through history?

Grow up.

No - just holding the messiah to the same standard everyone else held Bush when gas hit $3.00.   Sorry if you dont like it, but it is what it is, 

[Straw Man]

No - just holding the messiah to the same standard everyone else held Bush when gas hit $3.00.   Sorry if you dont like it, but it is what it is, 

Gas hit 4.50 under Bush (prior to any QE or asset purchases by the Fed)

From April 29, 2008

[Soul Crusher]

Gas hit 4.50 under Bush (prior to any QE or asset purchases by the Fed)

From April 29, 2008

Helicopter ben started his bs long before 2008

[Straw Man]

Helicopter ben started his bs long before 2008

no QE or asset purchases at that time

just a continuation, for the most part, of the same monetary policy as Greenspan

[GigantorX]

you're saying there was a huge cash infusion to the banks in the summer of 2008 and even prior to that when gas was higher than it is now?

The original TARP plan was October of 2008 and the price of gas had already peaked at that point and QE didn't start until November when the Fed annouced they would start buying MBS

the domestic price of gas and the global price of oil are not perfectly related

there is no doubt that cheap dollars mean higher prices for oil

my only point is that QE is not the primary driver (by any means) of the domestic price of gas

TARP wasn't the only thing shoving cash down the banks throats.

Either way, I believe when the barrel of oil peaked at around 160 or so, the U.S. dollar was getting slaughtered by the Euro via exchange rates as well.

Either way, this discussion almost meaningless in the long term.  Production is flat, new sources are more expensive to extract and demand (globally) will continue to rise as seen with the planet passing 7 billion people.

[Straw Man]

TARP wasn't the only thing shoving cash down the banks throats.

Either way, I believe when the barrel of oil peaked at around 160 or so, the U.S. dollar was getting slaughtered by the Euro via exchange rates as well.

correct but it wasn't due to TARP, QE or buying mortgage backed securities.  It was due to the US dollar being the currency used to trade oil

Either way, this discussion almost meaningless in the long term.  Production is flat, new sources are more expensive to extract and demand (globally) will continue to rise as seen with the planet passing 7 billion people.

absolutely correct

[GigantorX]

correct but it wasn't due to TARP, QE or buying mortgage backed securities.  It was due to the US dollar being the currency used to trade oil

absolutely correct

Yes. And it was actively being debased...not just in the year but probably since the beginning of the decade and more. Add in a loose monetary policy and the Feds goal of inflation among a bunch of other things and you have that dollar being weakened substantially. Throw in financial institutions pumping those dollars in the futures market and the oil futures market itself being a cluster fuck and you have those sky high prices.

You can have a shitty and stagnant economy like the we and most of the world has now and still have rising demand.

But as I,  yourself and others, have stated in the past....this is all a side-show (A really really big sideshow) that is obscuring what is actually going on. It's frustrating, this is near term stuff. Fixing the futures market, releasing oil from the SPE, price controls subsides and whatever other schemes that can be done simply can't hide the fact that production is flat and demand is rising.

A law or a regulation or a bill won't make more oil magically appear.

[OzmO]

No - just holding the messiah to the same standard everyone else held Bush when gas hit $3.00.   Sorry if you dont like it, but it is what it is, 

Incorrect, You are being a tool, nothing more. 

I don't care either way.  Just pointing it out.  Same old story with you. 

Tool is, tool does. 

[Soul Crusher]

Incorrect, You are being a tool, nothing more. 

I don't care either way.  Just pointing it out.  Same old story with you. 

Tool is, tool does. 

LOL - yeah - when everyone swept this current piece of garbage into office in 2008 blaming Bush for $3.00 a gallon, pelosi and reid to take over the congress in 2006 on the same platform, yeah, its totally unfair to hold obama and the dems and their idiot supporters to the same standards they held everyone else from 2006-2008.      


Same for the economy, same for the wars, same for energy, same for corruption, same for police state bas, etc. 

Typical leftist double standards.   Liberals never like it when people hold them and their messiahs to the same standard they themselves hold everyone else to.   


Eat shit O-bot

[Soul Crusher]

[dario73]

Gas hit 4.50 under Bush (prior to any QE or asset purchases by the Fed)

From April 29, 2008

Average price of gas under Bush was under $3. Price of gas has stayed over $3 for most of Obama's presidency.

[OzmO]

Oh yeah, repubs/conservatives never have double standards 

Tool is, tool does.