When Obama took office, Gas prices were only around $1.80

reply to post by DISINFORMANT


2008 was when the housing market and credit markets exploded. It had nothing to do with polotics.

Originally posted by Xcathdra
reply to post by DISINFORMANT

 

2008 was when the housing market and credit markets exploded. It had nothing to do with polotics.

You're saying the housing and credit crises caused the price of gas to go down.

There are multiple reasons for the rise in gas prices:
1. devalued dollar
a. TARP "Troubled Asset Relief Program" with all it's graft, nepotism and corruption.
b. QE2 "Quantitative Easement' a flawed economic approach at best.
c. deficit spending
d. the slipping position of the dollar as the world's reserve currency
2. commodities speculation
3. oil cartels
4. failure to develop our own resources
5. demand

BUT --- the buck stops at the POTUS desk. He is the chief officer and it is HIS responsibility to do ALL that can be done.

Originally posted by DISINFORMANT

Originally posted by Xcathdra
reply to post by DISINFORMANT

 

2008 was when the housing market and credit markets exploded. It had nothing to do with polotics.

You're saying the housing and credit crises caused the price of gas to go down.

Yup.. If you go back and look you wiull see the crashing of those 2 markets sent ripples through the economy, eventually affecting the wrold economy. A result of this was the oil market taking a dive due to decreased demand for products.

Oil prices drop due to decreased demand.

It was not until the world marekt started to recover that we saw an uptick in oil prices.

reply to post by PaR3v


I believe this video sums up the ops post a bit, it's a little old but still explains it.
www.liveleak.com

Do some research. Gas prices 'always' drop to their lowest just before the election to influence the voters and make them feel a bit less pessimistic.

reply to post by PaR3v


I noticed just after the exxon Valdeze that arco was the only gas selling for under a buck. I didn't notice any significant drop after the BP/gulf (sad when you have to specify which one) disaster.

Are they becoming immune to the damage they are causing?