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Reply #78: Is the value of the dollar a factor in the price of oil? [View All]

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aint_no_life_nowhere Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-23-08 01:15 PM
Response to Reply #57
78. Is the value of the dollar a factor in the price of oil?
Edited on Fri May-23-08 01:19 PM by aint_no_life_nowhere
If it is, isn't there something Bush could have done to prevent the dollar from losing more than half its value since he came into office? I'm talking about this government's policy of lowering interest rates and engaging in excessive borrowing and deficit spending to fund insane wars of conquest. Supposedly, the lowering of interest rates is killing the dollar, as foreign investors don't want to own it. But lowered interest rates were actively pushed for by ChimpCo through the Fed because they need to borrow, borrow, borrow in order to fund their militaristic adventures.

Maybe other Presidents share some blame. Maybe the American public does as well. But what's happened under Bush is extraordinary. Oil has more than quadrupled in price under Bush. Is it just coincidence that this sudden and rapid increase which has taken everyone by surprise occurs at the same time that the U.S. dollar takes a plunge?
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  -In 1960 a gallon of gas was 25 1970 a gallon of gas was Raven  May-22-08 04:28 PM   #0 
  - Why Can't We Just Organize A Day When The Whole Of The U.S. Just Stays Home.....  global1   May-22-08 04:30 PM   #1 
  - We should call for a nationwide strike this Monday  taterguy   May-22-08 05:08 PM   #16 
  - It would likely take several weeks to organize  NewJeffCT   May-22-08 07:35 PM   #42 
  - I already suggested that twice before on other  Jesuswasntafascist   May-22-08 05:11 PM   #18 
  - You Do Get Responses - But They Are Smart Ass Responses Like That Of......  global1   May-22-08 06:03 PM   #29 
     - Thank you for your response! LOL  Jesuswasntafascist   May-22-08 06:08 PM   #32 
     - Just for the record I don't bend over and take it  taterguy   May-22-08 06:11 PM   #33 
        - I do applaud you taterguy!  Jesuswasntafascist   May-22-08 06:31 PM   #36 
           - People try to run you over everywhere  taterguy   May-22-08 07:26 PM   #39 
  - whenever this gets proposed,  datasuspect   May-23-08 07:28 AM   #48 
  - Well, I'm Not Conservative Or Reactionary  ProfessorGAC   May-23-08 08:28 AM   #51 
  - americans are like sheep  datasuspect   May-23-08 09:05 AM   #53 
     - Then We Disagree  ProfessorGAC   May-23-08 09:11 AM   #54 
     - it starts from the bottom  datasuspect   May-23-08 09:18 AM   #56 
        - That's Rioting,Not Organized Protest  ProfessorGAC   May-23-08 09:26 AM   #59 
           - true  datasuspect   May-23-08 02:04 PM   #81 
     - interesting comment  alyce douglas   May-23-08 09:42 AM   #64 
        - it is the totality of the control  datasuspect   May-23-08 02:08 PM   #82 
  - What would such a demonstration accomplish?  tritsofme   May-23-08 07:30 PM   #89 
  - I have given this some thought, and here is what I have come up with:  reformedrethug   May-23-08 08:47 AM   #52 
  - This is what it would look like:  LucyParsons   May-23-08 09:29 AM   #61 
     - The world of 1919  reformedrethug   May-23-08 09:37 AM   #62 
        - Yep.  LucyParsons   May-23-08 09:40 AM   #63 
        - Agreed  reformedrethug   May-23-08 09:49 AM   #67 
           - Yes, I think those pics of people doling out free soup  LucyParsons   May-23-08 09:57 AM   #69 
        - not just the one day of pay, but the chance of losing your job too.  Maine-ah   May-23-08 12:05 PM   #74 
  - That's called a general strike.  LucyParsons   May-23-08 09:21 AM   #58 
  - we may will be if no one can't get anywhere.  alyce douglas   May-23-08 09:26 AM   #60 
  - They probably can't afford to drive to the streets.  gatorboy   May-22-08 04:30 PM   #2 
  - maybe not significant to say but I hate their clear disdain towards  alyce douglas   May-23-08 09:47 AM   #65 
  - We won't be able to afford the gas to drive to the demonstration.  Bob Dobbs   May-22-08 04:30 PM   #3 
  - Then we must throw them under the skateboard!  slackmaster   May-22-08 06:08 PM   #31 
     - Now that's a skateboard!  Bob Dobbs   May-22-08 07:58 PM   #44 
        - I knew a SubGenius would appreciate a giant skateboard  slackmaster   May-23-08 01:09 PM   #77 
  - I remember when I was a teenager, buying a $1 worth of gas, 4 gals.  Blue State Native   May-22-08 04:32 PM   #4 
  - Bush took office actually in January 2001, otherwise all of your other information is correct  whistle   May-22-08 04:34 PM   #5 
  - Sorry, and thanks for the correction! How could I possible give  Raven   May-22-08 04:42 PM   #10 
     - I know you did not do that, but very often we forget that the 1st Tuesday in November  whistle   May-22-08 10:29 PM   #45 
  - A gallon was 29 cents where I lived in 1968  aint_no_life_nowhere   May-22-08 04:36 PM   #6 
  - 1.4 @ 5.15/hr.  Hannah Bell   May-22-08 04:40 PM   #7 
  - interesting way to look at it!  Gato Moteado   May-22-08 05:16 PM   #21 
     - Yes, but today's minimum wage has a lot less buying power than it did in the '70s  slackmaster   May-22-08 06:06 PM   #30 
        - yes, that's exactly the point i was trying to make.....  Gato Moteado   May-22-08 07:07 PM   #38 
  - In 1960 oil was bringing 20 bucks a barrel, too.  mach2   May-22-08 04:41 PM   #8 
  - You are being deceptive, intentionally or otherwise  jbonkowski   May-22-08 04:41 PM   #9 
  - Very misleading. Controlling for inflation...  Dreamer Tatum   May-22-08 04:49 PM   #11 
     - Oh, thanks for the correction, that makes it lots better. ?  Raven   May-22-08 04:57 PM   #13 
     - No, but it makes it more meaningful nt  Dreamer Tatum   May-22-08 05:09 PM   #17 
     - Very misleading back at ya'  nichomachus   May-22-08 05:22 PM   #22 
     - Not to mention the wholly inaccurate published inflation rates.  greyhound1966   May-22-08 06:18 PM   #34 
     - Reporting apples/apples makes me status quo? Good grief, that's stupid of you.  Dreamer Tatum   May-22-08 07:30 PM   #40 
        - Blah, blah, blah, back to your bridge.  greyhound1966   May-23-08 11:39 AM   #70 
           - I used the OP's numbers and the same price deflator used by...everyone  Dreamer Tatum   May-23-08 01:03 PM   #75 
              - OK I'll play for a bit.  greyhound1966   May-23-08 01:55 PM   #80 
                 - Hahahahahahahahahahahaha  Dreamer Tatum   May-23-08 07:11 PM   #85 
                    - Yes, one of these.  greyhound1966   May-23-08 07:37 PM   #90 
                       - Let's see who the moron is  Dreamer Tatum   May-23-08 07:52 PM   #91 
     - Those factors affected the price of a gallon then and now.  Dreamer Tatum   May-22-08 07:32 PM   #41 
     - The true measure  nichomachus   May-23-08 08:22 AM   #50 
     - Cars are immensely more fuel efficient than they were in 1972 also  BigDaddy44   May-23-08 09:15 AM   #55 
     - Still, it praise for Bill Clinton  rock   May-22-08 06:00 PM   #27 
     - Great! Those figures are even worse for Bush.  NoGOPZone   May-23-08 01:20 PM   #79 
        - If, by making data comparable, I appear to defend or support Bush, I regret it  Dreamer Tatum   May-23-08 07:13 PM   #86 
  - find out the price curve from the day W deregulated the Speculators/hedge funders he deregulated  sam sarrha   May-22-08 04:52 PM   #12 
  - What in the world are you talking about?  bamalib   May-22-08 06:59 PM   #37 
     - it wouldnt do any good, they pat very little tax, i think 17%, roll the profits into more cant lose  sam sarrha   May-22-08 11:15 PM   #46 
     - HERE IS A LINK.... to speculation>>>  sam sarrha   May-23-08 07:20 AM   #47 
        - I understand what speculation is.  bamalib   May-23-08 06:08 PM   #84 
  - I paid 19 cents a gallon  Chipper Chat   May-22-08 05:00 PM   #14 
  - Bush Junta history, gas price tripled! That's so far!!!  L. Coyote   May-22-08 05:05 PM   #15 
  - Raven, you're absolutely right!  FitzmasAgain   May-22-08 05:12 PM   #19 
  - Oh, how well I remember THAT! I turned 16 in 1959, and at 25  napi21   May-22-08 05:14 PM   #20 
  - We are being raped by the very people who put Bush in office, are you suprised?  ThomWV   May-22-08 05:26 PM   #23 
  - Yep, and marijuana was 10 bucks a lid n/t  eridani   May-22-08 05:28 PM   #24 
  - In 1960 a 25-cent coin was made of 90% silver  slackmaster   May-22-08 05:42 PM   #25 
  - Well, I need gas, not silver, to get to work to pay for the gas. Get it?  Raven   May-22-08 05:52 PM   #26 
     - The car you drive now probably gets 2x the mileage as one you would have owned in 1960  slackmaster   May-22-08 06:02 PM   #28 
        - Not necessarily  Disorganized   May-23-08 11:58 AM   #72 
           - Wow - Wouldn't it be cool to have a Dauphine that age in running condition?  slackmaster   May-23-08 01:08 PM   #76 
           - The Dauphine had a tendency to roll in a steep turn  aint_no_life_nowhere   May-23-08 07:20 PM   #87 
  - The Business Plot has finally succeeded.  greyhound1966   May-22-08 06:22 PM   #35 
  - Peanut prices doubled while Carter was president.  TorchesAndPitchforks   May-22-08 07:40 PM   #43 
  - I remember the gas wars when gas was in the teens.  RebelOne   May-23-08 08:01 AM   #49 
  - This IS NOT GWB's fault!  ramapo   May-23-08 09:20 AM   #57 
  - The invasion of Iraq was to control the price of oil.  B Calm   May-23-08 09:48 AM   #66 
  - there is enough blame to spread around  alyce douglas   May-23-08 09:54 AM   #68 
  - Is the value of the dollar a factor in the price of oil?  aint_no_life_nowhere   May-23-08 01:15 PM   #78 
  - I encourage the Teamsters to strike over the $4.79 they pay for diesel and bring the country to a  Zynx   May-23-08 11:55 AM   #71 
  - too bad they busted the unions  datasuspect   May-23-08 02:11 PM   #83 
  - Ah, the good old days  class2068   May-23-08 11:59 AM   #73 
  - Hey, adjusted for inflation, that 1960 gallon of gas...  davekriss   May-23-08 07:29 PM   #88 

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