$5 Gas in 2012?

[gwb72tii]

Is the concept of Google.com beyond your intelligence?

more advanced debate tactics form the master

[joshh]

You're right, I'm completely ignorant on oil. I only work in the industry. :p

Also, Japan definitely didn't have their biggest disaster in history, that led them to shut down all nuclear power plants and burn oil for electricity instead. and there weren't riots/government collapses in the east where the majority of the world's oil is produced. Iran didn't make threats towards western nations that led to them being shut out of markets. BP didn't have the biggest oil spill in history, that shut down well production and exploration in the gulf for ages. China didn't engage in a huge QE program to keep their economy afloat, and neither did the USA, Canada, the Brits, or the ECB.

There are definitely no macro effects that could cause oil prices to rise, other than the fact that Obama happened to be president when 8 years of a disasterous GWB government finally unwraveled.

But it was Bush's fault.
It all makes sense now.

[joshh]

http://news.consumerreports.org/cars...-prices-4.html

http://news.consumerreports.org/cars/2009/01/gas-prices.html

Last data of 2008 = 1.61
First data of 2009 = 1.68


Is the concept of Google.com beyond your intelligence?

I did say 2009 did I not.

http://news.consumerreports.org/cars/2009/01/average-gas-pricesjanuary-26-2009.html

Eat shit.

more advanced debate tactics form the master

He's so smart he searched the period of time I was referring to.

[rwh11385]

So now your claiming oil prices trend with the rest of the US economy?

Did you not take Econ 101, like ever?

uhm. yes? isn't that obvious?

the economy overheated. oil prices spiked. the economy tanked. oil prices plummeted. the economy started to gain steam. oil prices rose again. the economy's growth is slowing - oil prices are flat.

It's really not even worth discussing it with you..

The dumb, uneducated, close-minded, and biased make poor discussion participants.

[joshh]

The dumb, uneducated, close-minded, and biased make poor discussion participants.

Yet you just shoved your foot in your mouth.

[rwh11385]

I did say 2009 did I not.

http://news.consumerreports.org/cars/2009/01/average-gas-pricesjanuary-26-2009.html

Eat shit.

Is January 5th, 2009 not near the beginning of 2009 and in the year 2009???

If 29th of December 2008 is 1.61 and the 5th of January is 1.68, is the start of 2009 likely between 1.61 and 1.68, or is it 1.84???

Even more shocked that you know that 2012-2009 = 3 now if this is too tough for you. Why are you mad at me for your lack of understanding?

[joshh]

Is January 5th, 2009 not near the beginning of 2009 and in the year 2009???

If 29th of December 2008 is 1.61 and the 5th of January is 1.68, is the start of 2009 likely between 1.61 and 1.68, or is it 1.84???

Even more shocked that you know that 2012-2009 = 3 now if this is too tough for you. Why are you mad at me for your lack of understanding?

Stick with the semantics kid, it's all you got.

[rwh11385]

Stick with the semantics kid, it's all you got.

I forgot, you think facts are overrated.

[nando]

But it was Bush's fault.
It all makes sense now.

you said it, not me.

since you have no real response to anything I wrote, I guess I'm done. ;)

[Thizzelle]

what are you guys talking about? It's a bussiness. We (US GOV) need to drill oil and sell it cheap so then the other guys have to come down in price to match, yay we are all happy now.

[joshh]

you said it, not me.

since you have no real response to anything I wrote, I guess I'm done. ;)

It's impossible to respond when you're jumping all over the place. You claim the President can"t effect the price of fuel but yet you blame Bush for the crashed economy. But you say fuel prices do follow the US economy. But fuel prices are not currently following the US economy.
I don't need to respond beyond that because it should be obvious.

[nando]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

[joshh]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

A President has no effect on gas prices. But a President can help crash an economy (US in your words, largest in the world). Oil prices follow the world economy. You can't have them all.

Maybe what you're trying to say is if it's Bush, a President can effect the price of fuel in the US but if it's Obama he can't no matter what he does.

[rwh11385]

I never said any of that. The price of oil follows the world economy and macro events, not the US economy alone. I listed a large number of major events that happened in the last year that have caused oil prices to rise in spite of a weak economy.

Bush was was a huge part of the credit bubble and the Federal Government's deteriorating finances. All those wars cost a lot of money. The bubble burst, the government was already stretched, and the economy collapsed with the Fed's hands tied behind it's back.

Oil prices pretty much followed the world economy exactly, it just happened that Obama got elected right in the middle of it - it would have made little difference if Mcain had won in 2008. Same macro events would have happened. Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

Too main people these days don't understand that correlation does not equal causation...

[rwh11385]

A President has no effect on gas prices. But a President can help crash an economy (US in your words, largest in the world). Oil prices follow the world economy. You can't have them all.

Maybe what you're trying to say is if it's Bush, a President can effect the price of fuel in the US but if it's Obama he can't no matter what he does.

Obama can't increase the price of oil any more than bush could have at the end of the bubble cycle.

rif.org

Seriously.