Do you think it's a coincident that after 8 years of an Oil person in charge that the price of oil is dropping?

So the decline is oil price is thanks to Bush? BUT the market meltdown isn't? LOL


So the whole sale of the USA up the river isn't Bush's or the GOP's fault, BUT that oil is down is?


That is what I love about Republicans they are gullible and extremely stupid when you need a laugh. Do you think it's a coincident that after 8 years of an Oil person in charge that the price of oil is dropping?
No, It has nothing to do with an oil person in charge.





The lack of demand for oil is the cause for the price drop. Cosumers have curtailed their traveling simply because they cannot afford the buy the fuel to ram around in their vehicles like they once did.





The high run up in fuel prices over the spring, summer, and fall months greatly damaged consumers financially and this has led to consumers holding onto their money in this dismal downturn in the worldwide economy.





Even with drastic reductions in oil production levels, i believe consumers will continue to cutback at unprecedented levels when it comes to purchasing fuel for their vehicles and other items not required to sustain their daily lives.











Do you think it's a coincident that after 8 years of an Oil person in charge that the price of oil is dropping?
Most economists said the price of oil is down because of the recession.





- Over 2 million people lost their jobs this year. None of them need gas to drive to work every day.


- Retail sales are way down. Trucks don't need as much fuel to deliver goods to the stores when no one is buying them.


- Manufacturing is down this year. Ships and trains don't need fuel to transport goods no one is making.


- People are skipping their vacations this year or staying close to home. That's fewer flights and less people on them, so less jet fuel used in planes, and less gas used in cars for long road trips.





Also, that ';the price is dropping'; is relative. The price is down from the all-time record high (in both current and inflation-adjusted dollars) set this summer, but it's still well above what it was on 20 January 2001.





If you want to give your oil person credit for all that, I'm more than happy to concede the point.
No. The price of oil went up because of speculators. Demand dropped. Speculators got burned. Demand dropped even more. Now the price is continuing to drop. How far down it goes is a market influenced thing.





The same thing can be said for the housing market. Most of the price rises were speculator induced. That's what people talk about when they say there's a market bubble. And just like soap bubbles sooner or later all bubbles go pop.





Only idiots think President Bush actually controls the price of oil, housing, or any of the other markets.
Absolutely not as the oil companies %26amp; the '; Good Old Boys '; have been hand in hand putting $ in their collective pockets (same with the housing industry). Corruption on a grand scale that has not occurred since the first Barons of Oil, Steel and Railroads. All one needs do it look at the astronomical profits the oil companies made and still are, despite financial disaster in the economy. It would be ludicrous for anyone to deny the numbers and political facts connections.
The real reason is AMericans don't drive nearly as much--and because the demand is down prices have fallen--to try and get us to start driving more again...as soon as we do--the price of gas will go right back to 5 dollars a gallon.





It is a market manipulation--nothing more--and gas dealers are like crack dealers--they'll do anything to make more money--and get you hooked.








Thank you America--For driving less--Keep it up--and bring the oil thieves to their knees..
No, it is not coincidence.





Bush had an oil company in the 80s and he went bankrupt. Do you really believe that is Sears went bankrupt, the owner would try to help Walmart ? Why then are you saying Bush wants to help oil guys ? he was born rich, has always been rich and isn't motivated by money like the Clintons





Starting in 1978 the Democrats forced lending institutions to lend money to people who were poor risks. The government forced more money onto a market that was doing just fine without the added influx of cash. Now these institutions have collapsed and that is why the world economy is collapsing and hence why oil prices are falling.





What happens to a free market when lots of free money is forced onto it ? Prices skyrocket. How do you think a small 2 bedroom home in California sells for 1/2 million dollars.





The same thing has happened to our colleges. Why are prices so high for a college education ? Because the government has put so much money into the education system. So many people are going to college, who have no right being there. They suck up some government money fork it over to the college and then they leave after 6 months. Hell many colleges can only support a certain amount of students in Soph, junior and senior years but they allow 2 or 3 times that amount as freshmen. Why ? Because they take advantage of the government hand out and use the students as mules to get the money. Dont get me started on the book sales in colleges and how they are ripping off the country.





Now you people want the government to do the same thing to health care.





PS. You do know that one of the main reasons that prices went up was oil price speculation. People betting on oil prices. You do also know that the endowment for Harvard college had 40 billion dollars invested in oil speculation.....right? So, one of the most liberals institutions in the USA (Harvard College) played a huge roll in increasing gas prices and collapsing our economy, right before a national election. There should be investigations, trials and jail sentences beyond what happened to Enron.
It becomes necessary at times to produce more than obvious spikes in oil pricing in order that Republicans voters can easily find it on a graph chart so that they may site whatever results become convenient at the time in order to support their supposedly rational claims that it was merely due to a preponderance of Democrats smoking in an adjoining drawing room.
So, now the President of the USA controls the price of oil? I guess it's not in OPEC's interest to make money, and perhaps influence the American election to get in who they want?


No OPEC has no such power, do they?


No, it's not a coincidence. It's OPEC.
What cause the drop was China stopped a lot of production due to their struggling economy. It had to do with supply and demand. Did you know if China lined up people on their shore line shoulder to shoulder and marched them into the ocean they would still produce more faster than they would perish?
Bush has done a great job of getting oil prices down. Now we need to put OPEC out of business with our own new form of fuel. Let's hope Obama will help get us going in that direction. No more oil from the middle east. We should be finished dealing with those horrible countries.
I get a kick out of how people actually think the President sets the gas prices. LOL





demand has dropped in the free market place do to next to no construction going on ect. ect.
I would think it would OPEC, and he is still in office so it's not technically after eight years of an oil person, it's during his eight years.
gas price is dropping with the purpose to hit the economy of the middle east
Bush's policies caused the drop. Enjoy your cheap gas.
It is quite odd. prices are down to record lows. I think the last time it cost this much was 6 years ago.
Yes, I do. Thanks for asking!





Next?
Isn't that a good thing? That the gas is cheap?