$1 a gallon gas this summer!!!!

[roadracer311]

I'm just excited to have a president that can speak well.

As a former physicist, it killed me to listen to the leader of the free world mis-pronounce the word nuclear (he said nu-cu-lar for 8 years, and either no one dared correct him, or he just didn't care that he was making us all look stupid).

Barack Obama is a really really smart guy, with a huge challenge ahead of him. I really believe he's going to do the right thing, and make the best of the situation we're in.

[nefarious986]

Dirt-Cheap Gas in 2009: Be Careful What You Wish For

http://www.alternet.org/story/119598/dirt-cheap_gas_in_2009:_be_careful_what_you_wish_for_/

[cvhs18472]

BO has given a lot of people hope and that is good. It seems though, that his policies will turn this once proud country into a socialistic state and isn't that what we fought the last two world wars about. I am neither a R or a D but a Conserative. I was talking to a friend of mine who thinks that BO is better than God. I asked him where the money will come from to implement the proposals and he said that BO will just print more. I then asked him if debt and greed weren't some of the underlying causes of the Recession and the answer was ,"You can't stop now". So much for BO's supporters views. Ed

[Jump]

Like it or not, Obama is our President now. How about we give it a couple of years and then talk about the results of (or lack of) what he did instead of trying to talk about what you think (or what you want to think) he is going to do. The latter is purely a waste of time.

[bmx672]

What I was doing with this thread guys is illustrating that it's pretty absurd to think that ONE MAN can influence the world economy.

When gas hits $3+ a gallon next time, on Obama's watch, you better believe I'm going to mention it to all of his supporters that previously blamed GW for the spike. I'm going to complain that Obama's "in bed" with the oil companies.

By the way, when GW let the off-shore drilling ban expire gas went down overnight... that's without even drilling. Opec does not want competition. Now wait untill "The grat one" puts the ban back in place... prices will go up... big deal, more tax $ for the government anyway right.

[Allen K. Littlefield]

The problem is that govt. earns or produces no wealth!! Period... It only can confiscate it, under the threat of violence, then spend it on itself. Take the gas tax that was meant to maintain roads, bridges etc. It was removed from that dedicated fund and placed in the general fund for, WHAT? Salary increases and new "programs".

Socialism, Communism, Progressive Liberal Secularism, Environmentalism, all don't work. Been tried before all over the world. Put down the NYTimes and check out some history. This is the richest country on earth because people were free to pursue their own best interests thus creating a climate where others could also prosper. The "Rich" do the hiring and investing that creates jobs that create the wealth that govt. is so dependent upon for it's revenue. When was the last time a person was hired by a poor guy??? Anybody out there?

The reason Obama is being questioned is because he champions large govt. spending and Socialist ideas. Damn straight I and others will criticize that as we have a RIGHT to do so. I will wait and see what this pres. does in reality but I happen to believe what he says. I believed what both Bush pres said, from "Read my lips" to "No child left behind" and found them both wanting. The spending under both of these presidents went up. Clinton spent but not as much.

The worst thing was Pres. Johnson's raiding of the SocSec money to fund the "Great Society" which established the monstrous federal bureaucracy that we now enjoy. We certainly don't need more of that if we are to stay a free people. Obama seems to be proposing larger govt. We will wait and see.

AKL

[Brucelee]

Originally Posted by bmx672

What I was doing with this thread guys is illustrating that it's pretty absurd to think that ONE MAN can influence the world economy.

When gas hits $3+ a gallon next time, on Obama's watch, you better believe I'm going to mention it to all of his supporters that previously blamed GW for the spike. I'm going to complain that Obama's "in bed" with the oil companies.

By the way, when GW let the off-shore drilling ban expire gas went down overnight... that's without even drilling. Opec does not want competition. Now wait untill "The grat one" puts the ban back in place... prices will go up... big deal, more tax $ for the government anyway right.

Very valid points. On the price issue, S and D works, short and long term. I think you see that very clearly when folks decided they would or could not buy as much gas as they did previously. Price of oil is still in free fall. Good for us, bad for them.

If BO or anyone for that matter restricts supply in any way, the price will respond.

I do predict however, that BO will go for a huge tax increase on gas, citing the usual liberal litany of good reasons why this makes so much sense.

Hope I am wrong.

[Brucelee]

Man, this must be pissing OPEC and the Russians off. Not to mention Chavez.







Jan. 20 (Bloomberg) -- Crude oil fell below $33 a barrel in New York as the strengthening dollar reduced the appeal of commodity investments at a time when demand is declining and stockpiles are rising.

At Cushing, Oklahoma, where the benchmark oil for New York futures is stored, inventories have climbed to 33 million barrels, the highest since records started four years ago. The February contract will cease trading today, so traders have to sell futures or accept the barrels at a time of falling demand.

“Traders are rolling over to the next month to avoid delivery and the dollar is rallying,” said Andrey Kryuchenkov, an analyst with VTB Capital in London. “All this against a background of falling demand and easing geopolitical tensions.”

[Brucelee]

Originally Posted by Jump

Like it or not, Obama is our President now. How about we give it a couple of years and then talk about the results of (or lack of) what he did instead of trying to talk about what you think (or what you want to think) he is going to do. The latter is purely a waste of time.

As is most of politics, a waste of time.

However, when it comes to the matter of what Obama might do, I am more alert. Seems these polititicians take out money, very often we find out about it AFTER the fact.

So, I am staying on red alert. In the end, likely all I can do IS complain.

[Fletch986]

Originally Posted by Jump

Like it or not, Obama is our President now. How about we give it a couple of years and then talk about the results of (or lack of) what he did instead of trying to talk about what you think (or what you want to think) he is going to do. The latter is purely a waste of time.

well said...

[ekam]

Originally Posted by roadracer311

Barack Obama is a really really smart guy,

So tell me, if he's so smart, why is he a smoker? Everyone knows smoking is bad for you right?

[Nineteen89]

I like how Obama is the devil and the past doesn't matter anymore because it's in the past, that's very convenient. The president can't do everything they say they're gonna do and likewise they can't be blamed for everything, I'm talking about Barack and George, anyways it's interesting to see how much some people genuinely hate and despise someone that's only been in office a couple days and let alone someone they only know through the biased media they watch/read. I can't wait for someone to blame our failing economy on one man, regardless of who it is, it only flaunts ignorance.

[Brucelee]

Originally Posted by Nineteen89

I like how Obama is the devil and the past doesn't matter anymore because it's in the past, that's very convenient. The president can't do everything they say they're gonna do and likewise they can't be blamed for everything, I'm talking about Barack and George, anyways it's interesting to see how much some people genuinely hate and despise someone that's only been in office a couple days and let alone someone they only know through the biased media they watch/read. I can't wait for someone to blame our failing economy on one man, regardless of who it is, it only flaunts ignorance.

I for one, did not say nor even imply that BO is the "devil" nor that I hated or despised him. He seems like a likeable enough guy. No one here has blamed our economy on one man. In fact, I would assert the beginnings of this economic malaise have been coming for many a year and there are tons of politicians to blame. Fact is, many people still believed that Bill Clinton balanced the Federal budget. Candidly, that did not happen although most "experts" assert that it did.

Having said that, I am still concerned (rightly so) that BO's inclinations are to spend money he does not have in hopes that things will turn out OK. He has also strongly implied that those of us who have been paying into SS for our entire lives are going to have to "sacrifice" a bit.

Ah, why? Can I have my money back with interest? If so, send me a check.

Perhaps a bit of government discipline is in order, finally?

[Lil bastard]

Originally Posted by Brucelee

Perhaps a bit of government discipline is in order, finally?

Yes! But obama's legislative record both on Capitol Hill and the IL Statehouse indicate that he's not the man to do it. His history is one of a typical Tax & Spend pro-Big government democrat.

Those are the facts. Can he change? Maybe, but that's who he is at this point so my hopes are not high.

[Brucelee]

Originally Posted by Lil bastard

Yes! But obama's legislative record both on Capitol Hill and the IL Statehouse indicate that he's not the man to do it. His history is one of a typical Tax & Spend pro-Big government democrat.

Those are the facts. Can he change? Maybe, but that's who he is at this point so my hopes are not high.

Even if BO has a change of heart, there are those Dem clods like Pelois, Feinstein, Boxer, Reid, Frank, Dodd, well, I could go on and on.

God, I long for the days of the amateur and part time politician. These lifetime pros are in a world all by themselves.

The inauguration cost $130M. Does ANYONE down there get it?

[Perfectlap]

$1 a gallon? it's now or never. By this summer the credit markets should be capitalized at significantly higher levels than they are now. That means more play money for the institutional traders who rang up the price to historic levels in the first place. Given the losses they have sustained in 2008, they've got some money to make pronto. At $30 a buckett there's lots of leg stretching room, wouldn't surprise me to see a 100% increase in less than 10 months. These depressed prices can not be sustained forever, even with low demmand. All good things must come to an end.

[Brucelee]

I think that BO is sending us all free gas cards soon. At least, I think he is.