It's Bush's FAULT!Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
Now that the speculative trading is out of the oil trade business the prices has dropped. Interesting enough when congress demanded Bush look into the high oil prices last year, he didn't find any problems. When Obama became the nominee and stated he would look into the oil price fixing when elected President, prices began to fall.
The prices of oil has return to where it was before Bush took office. It is well documented that Bush had secret meetings with the oil industries. Coincidence, I think not.Oil is now below 38 dollars. Will Liberal blame the Oil Companies or Bush for the low price?
How about if I blame you! You are the reason, along with 300 million other you's who also live in the USA. Oil prices have dropped because demand is down. It became so expensive that people began carpooling, riding their bikes, walking and not going on long trips. People have become more efficient users of gasoline. With less demand, and the supply still high, the price has dropped. Normally, this is the time of year when prices should move higher because of winter and heating costs. Instead, OPEC announced that they would cut production because the price of oil continues to slip. The oil companies certainly don't have anything to do with it because you being frugal is costing them money. Bush simply has no say in the matter. The reason is simple. You!
No--actually, oil companies artificially jacked up oil and gas prices.
Then people had to hold back on mortgage and debt payments to be able to afford gas.
Then credit froze up because people were holding back on debt payments.
Now we're in the fix that we're in now.
And oil just fell along with the economy.
As oil prices go down, the economy will start to turn around.
Speculators scared that Bush's economic policies yanking their 64 billion US dollars out of the futures market is to blame.
Why did they stuff the extra 64 billion inot the oil futures market to begin with?
Becaue Bush ordered troops into Iraq and war in the person gulf is viewed as a potential threat to supply. A potential threat to supply is viewed as potential profit on Wall Street.
Saber rattling with Chavez and Ahmadinejad has the same affect at making speculators view a future profit potential of interrupted supply.
It's interesting how last summer when gas was some 4 bucks a gallon and six in some places, the economy was suffering because of it and people couldn't do the things they used to do.
Now gas is below 2 bucks a gallon almost everywhere, and people are still saying it's not good. Especially the environuts who were dreaming of sugar plums and gas at 10 dollars a gallon. Can't and won't ';go green'; if I can't afford it.
I'm afraid you set yourself up for this one. Blame Bush for the lousy economy. Even the oil speculators (that Bush didn't think existed) have headed for the hills. Unwinding of massive over-leverage in every financial market, brought on by the Bush crash, makes investing in anything right now a really bad idea, including oil.
One thing we do know. All that ';Drill here, drill now, pay less'; stuff had nothing to do with it.
Amazing! -- the President has no authority to fix or damage the US Economy. Only Congress can pass laws and allocate funds that improve the Economy or hurt it.
The President has about FOUR main Constitutional powers-- read Section 2 of the US Constitution-- none of these powers permit the President to raise or lower taxes, watch over the banks or stock market, improve the environment, or send you a government check-- only Congress has this authority.
Trust me. If there some way to spin this to blame Bush or the Republicans, the Liberals will find it. It's what they do. Saves them the time and trouble of actually having to learn facts, recognize the truth, or accept any responsibility for anything they might do wrong.
I blame the lack of Iran war rhetoric from our president Bush! When he was trying to whip up fervor for an attack on Iran oil futures went through the roof, even though there was a GLUT of oil on the market AND declining demand! Over 150$ a barrel! Those were the good Bush times! Now with libs not wanting a great Iran War the price of oil fell :(.
I think everyone is relieved at the price at the pump, especially in this economy. However, we must move away from oil and other fossil fuels if we want to thrive in the future.
Um, the low price is a function of the dramatically reduced worldwide demand, and the speculators leaving the market. Doesn't everyone know that?
Bush's policies contributed to the high prices, and his policies contributed to the low prices. All he had to do to bring them down was give us the worst depression since 1929. Great.
They are now blaming World-wide recession. High prices, low prices - the liberal news outlets will always find a way to spin it as ';bad news.';
Typical democrats. Blame Bush for the increase in price of oil but not for the decrease. Do they realize how foolish sounding they are?
why do the supporters of bush not believe in ';the buck stops here'; he was in charge he was our leader he screwed up by not staying on top of the problems and delegating to underlings like cheney
Bush- for creating a world-wide recession.
I blame Bush for our economic situation.
Bush tanked the economy...his fault.
Yes, I hear that it's all a ploy to help make up for all the wrong He and
Chaney have done. I say too little Too late.
Of course they will. They're never happy.
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