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Old 02-20-2012, 19:02   #1
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Gas jumped 10 cents today

$3.44 at lunch
$3.54 at 5pm on the way home

Hope yall are ready for the economy to go belly up.
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Old 02-20-2012, 19:45   #2
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Gas jumped 10 cents today

Get ready for one hell of a spring and summer. Thanks soterro.
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Old 02-20-2012, 20:24   #3
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Originally Posted by qwman68 View Post
Get ready for one hell of a spring and summer. Thanks soterro.
Small businesses that rely on on tourist better get ready for a bad year.
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Old 02-20-2012, 20:53   #4
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Anybody see any hope it will get better?
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Old 02-21-2012, 07:11   #5
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Originally Posted by rhevans View Post
Anybody see any hope it will get better?
When obama vetoed that pipeline a few months ago, canada said they were going to sale the oil to china.

Florida still does not want drilling rigs off its coast.

So no, I do not see any hope in the near future.

Maybe when gas hits $10 a gallon, states like florida will let gas companies drill offshore.
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Old 02-21-2012, 09:51   #6
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It's not just about supply, or the future expectation of supply that drives the prices.

One major factor that I've seen very few talk about, is the value of the USD.

When countries can buy our refined and raw crude oil cheap because the USD has lost much of it's value, our own prices here at home will go up, and up and up.

Reality is that new supplies of oil will NOT drive that down either. (It will help, but it will not overcome the very real problem of our dollar being "printed" and supplied to the tune of over three times as much as it was in just 2008.) The oil companies can profit more selling products to anyone but here in the USA. As other currencies increase in value compared to the Dollar, the "cost" of oil from the USA drops. The cost of grain and other commodities drops too, so they buy more of our corn, our wheat and soybeans etc. (What do you think this increased demand on our commodites has on domestic prices? LOL Again, Econ 101 folks, increase demand, and prices go UP. Your food prices have gone where? Your fuel prices have gone where? While the value of our money has gone where? AND YET, SUPPLIES OF OUR MONEY HAS GONE WHERE?

Has demand for the dollar gone up over 3 times since 2008? What has the economy done with demand for the dollar? (If anything, it's gone down.)

Yet we have allowed the Fed Bank, and Obama Administration to liquidate our money to try and prop up Wall Street/Banks and others who contribute to their power.

It's going to fail, and fail soon.

Food prices, gas prices and every commodity shows the signs, if folks knew what to look for that is. (The media? They not only are turning a blind eye, but think they are doing the country a favor for it, as they think exposing this reality will hurt Obama.)

It's going to hurt everyone that lives paycheck to paycheck, and while those on "food stamps" will be fine for awhile, the reality is, the Feds can't pay for the entitlements forever.

There will be a reduction in tax collections like never seen before, mostly due to the reality that unemployment will skyrocket.

Why? What happened last time around? Layoffs, bankrupt companies and the economy took a dump when the gas prices spiked, along with food prices etc. This time around, there is not just panic that will drive the prices, but the very real over liquid state of our money, that will produce inflation like we as Americans have never seen before.

Imagine your 401K, savings accounts and other "assets" all being liquidated overnight by a dollar that goes from being worth less than the 80 cents it is now compared to 2008, to say 20 or 30 cents of buying power to 2008.

A shift of that magnatude is a very real possible outcome.

And high gas prices are just an indicator of the sickness in our money/economy.
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Old 02-21-2012, 09:59   #7
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PS: What do you think wages will do in response to a failling economy? Go up or down?

Will companies offer to pay more, or just lay off, and those remaining will just suck it up, take what they can get wage wise, and hope they don't get RIFF'd in the next round of layoff's?

Purchasing power folks, it's reality, and under Obama, it's gone way down.

Just look at gasoline prices at the pump.
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Old 02-21-2012, 10:49   #8
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Be thankful most of you guys don't live in the great welfare state. Gas is $4.05-4.10 in my area for regular and up to $4.25 for supreme. $5 per gallon is almost a certainty by Memorial Day.
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Old 02-21-2012, 17:40   #9
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and hardly a peep out of the liberal media.
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Old 02-21-2012, 19:01   #10
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Originally Posted by Dirty Harry View Post
and hardly a peep out of the liberal media.
Bush isn't in office any more.
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Old 02-21-2012, 19:14   #11
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It will be this president's energy policy that will become one of the largest nails in his coffin (of course, only metaphorically speaking).

Oil and gas literally RUN the world's economy. With spikes in oil prices, EVERYTHING will go up. Look around your house. Just about everything in your dwelling is made from a derivative of crude oil. And, everything that is in your house was brought there by way of oil in the form of gas/diesel fuel.

This energy policy is either being pushed by a sophomoric idiot, or someone who has distinct plans to make energy prices "necessarily skyrocket".

Wait!?!

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Old 02-21-2012, 23:07   #12
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What a difference four years make.
Michelle Malkin Dana Perino: Media Blamed Bush for High Gas Prices But Gives Obama a Pass
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