He has spoken.......... [ame=http://www.youtube.com/watch?v=NRuvsvFpYwU&feature=related]High Gas Prices President Barack Obama Admin Doesn't Care - YouTube[/ame] Right now Gas stations set a price on what they believe to be the price needed to refill their tanks in the ground. If the tanks last two more week, how much will the price of purchase be?
Do you realize the absurdity of the President, regardless of party, wanting Gas prices to rise dramatically in an election year? I mean, from a strictly political perspective, this is an insane accusation because it would be political suicide. I realize that this is one of the prevailing talking points for conservatives right now, just as it was a popular talking point for liberals during GWB's administration, but the facts are the facts and the President, regardless of party, has nothing to do with the price of gas......NOTHING!
This video has no relevance at all. If you think you have a case, then make it. You, Dad. Nobody is going to debate a video. Note that the President has no say in the matter. It's supply and demand.
make up your mind, earlier you were claiming that speculation was spiking the prices, which is true, but you were very stupidly claiming speculation was not a normal part of demand. basically everyone in this thread is wrong and should just accept that oil costs what it costs and adjust accordingly.
Since page one I have said that Obama is not responsible for oil prices and that supply and demand are what drives prices. Speculation is the reason that prices rise when demand is down. Financiers trying to make a buck, despite its effect on a nations economy. Just like the mortgage bubble and the bank collapses, greedy moneymakers were allowed to play the system for their personal benefit and the great detriment of the nation as a whole. Translation: Everybody should worship Ayn Rand just like me. How dare anybody discuss gas prices intelligently. What a dunce.
"The high price right now is not justified by supply and demand," - red are you a greedy moneymaker for investing in gold? you dont really need the gold, you are just speculating. how are you not exactly the same sort of person you are describing?
not everyone needs gold. everyone needs oil. speculators are greedy ass people, and they should be cut out of the process.
no they dont. in fact buring oil is destroying our planet. also gold is a very useful industrial material. i buy no gas at all directly. i ride trains. i have things delivered, but if oil were too expensive my things could come by train or by electric trucks. the diference between me and you is i am willing to adapt when you are wiling to force your will on others. anyone should be free to buy whatever they want, from whoever they want, for whatever reason they want. you need to realize that you shouldnt ban everything and get the government involved with everything. if oil is too expensive, dont buy as much. live your own life and forget what others are doing.
Exactly. Speculation has driven it up. Because I invest in gold bullion or gold funds, NOT speculate in gold futures. Normal supply and demand is usually very steady and predictable with small dips and peaks. Speculation often leads to bubbles and crashes.
