One big contributor to the housing crash in 2008 was speculation. One of the biggest drivers of oil prices is price speculation. Now President Obama wants to do something about it: President Barack Obama announced Tuesday that he has asked Attorney General Eric Holder to “reconstitute” a task force examining oil and gas speculation. But […]
We now have a new reason why the economy collapsed in 2008: —Rick Santorum sharpened his attack on President Barack Obama over rising gas prices, saying high energy prices caused the 2008 recession. “We went into a recession in 2008 because of gasoline prices,” Santorum told a packed hotel ballroom of supporters. “The bubble burst […]
With the price of gas on the rise again, this is really shocking news: The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it. The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. […]
When we had $4.00 a gallon gas prices we were told that the prices at our local grocery stores would reflect that higher price. We are now into our second month of gas being under $2.00, and the prices at the grocer are still the same. Did I miss something, or are they still paying […]
A new report has been released by the EIA saying that our demand on oil is decreasing: U.S. oil consumption is expected to level off with virtually no growth between now and 2030 because of increases in energy efficiency, greater use of renewable fuels and an expected rebound in oil prices, the government said Wednesday. […]
Bush is lifting the executive ban on offshore drilling, put in place by his father. Does that mean that gas prices are cheaper now? If you listen to Republicans, they would have you believe that the instant more offshore drilling is allowed that prices will decline. Welcome to their fantasy land!
Now that Bush is drinking the McCain kool-aid of offshore drilling, does that mean we will see our old gas prices tomorrow, if Congress lifted the ban today? Hell no. This is another carrot that the Republicans are dangling in front of the face of Americans. True Bush is just helping guarantee that those coastal […]
Exxon to leave the U.S. retail gas business. This is a cure for gas prices. No retailers = no price problem.
We are now hearing that gas prices could reach the $4 a gallon mark this spring. The Euro has also gone up to $1.50 against the dollar. All this a day after Bush says that we are not in a recession, but rather a “slowdown”. Don’t you feel better now?
Or “Bush’s Legacy”. The House Democrats have put out a chart comparing the economy between today and 1/20/01, when Bush took over. The entire chart is very interesting, but there is one section that really caught my eye. Look at those numbers and think about them (click the image to see the larger/full chart). Americans […]