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Who thinks the manipulation of gas prices is an attempt to handcuff the recovery

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DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:31 PM
Original message
Poll question: Who thinks the manipulation of gas prices is an attempt to handcuff the recovery
and place the blame at the President's feet yet again?


Sorry, polls are turned off at Level 3.

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Curmudgeoness Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:35 PM
Response to Original message
1. I may need to make myself a tinfoil hat, but I do.
I also think that the reason there is a jobless recovery, and housing recovery is not happening, is because the players are playing a chess game here.

:tinfoilhat:
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:36 PM
Response to Original message
2. the price of gas dropped right as Bush was leaving office because the speculators were
temporarily low on cash.

Now that they have our bailout money to fuck around with, they are fucking us with it.
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TimesSqCowboy Donating Member (29 posts) Send PM | Profile | Ignore Sun Apr-24-11 07:43 PM
Response to Reply #2
8. Amen.
Oil, food, commodities...it's all the cash sloshing around the economy courtesy of the fed's quantitative easing, and traders looking for better returns than the stock market or, even, actually investing money into a productive enterprise.
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Fire1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:38 PM
Response to Original message
3. Man, that is one cute kitty!!! n/t
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 04:08 AM
Response to Reply #3
32. We will soon be using them for fuel.
Kitties and old people.
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:39 PM
Response to Original message
4. Oil is not rising in price
the dollar is falling in value

Did you know our main oil storage in Cushing OK is full and not accepting any new deliveries? We have all the oil we can handle.

The dollar is extremely close to all time lows and may breach them as early as Tuesday. China may have sealed the deal on that with its latest announcement.
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stevedeshazer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:39 PM
Response to Original message
5. Your blatant attempt to get me to vote by posting a pic of a cute kitten was successful.
Just thought you should know.

:hi:
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Fire1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:40 PM
Response to Original message
6. Isn't Eric Holder supposed to be "looking into this?" n/t
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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 10:50 PM
Response to Reply #6
20. He is, can you give him a few days?
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taterguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:42 PM
Response to Original message
7. People that rely on a finite resource and are grasping at straws instead of confronting reality?
We're running out of the stuff.

Time to evolve to something other than internal combustion engines to get around.
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BlueCaliDem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:46 PM
Response to Original message
9. Absolutely, I do! Just like businesses holding billions and not creating jobs
so the Republicans could campaign on Jobs! Jobs! Jobs! And corporate media repeating this bullshit until the gullible masses began chanting it, too, just before the 2010 elections.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 07:58 PM
Response to Original message
10. i was driving on the ronald reagan tollway yesterday....
i`m figuring that average mph of the cars and small trucks was around 80-85 mph. i guess no one is worrying about the price of gasoline.
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villager Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:03 PM
Response to Original message
11. all of the above, actually
n/t
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:03 PM
Response to Original message
12. No
It's just the sheer number of traders. Years ago I was in Karachi and discovered they did not have unemployed. They had Tour Guides. OK, we do have unemployed but we have lots of traders.
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me b zola Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:05 PM
Response to Original message
13. There's a recovery?
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PBS Poll-435 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:06 PM
Response to Original message
14. It is more to do with the ASE and GM's inability to develop a large-block V8 in DOHC style.
:shrug:
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cali Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:11 PM
Response to Original message
15. I want want want that kitteh.
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DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 04:40 PM
Response to Reply #15
34. Kitteh rules the DU!
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:20 PM
Response to Original message
16. As I remember the last time gas was at the $4 level
crude was going at around $140-$150 a barrel. This time crude is in the $110 range. That seems strange to me.
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readmoreoften Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:22 PM
Response to Original message
17. The Republicans are so all-powerful. Makes you wonder how come the banks backed Obama in 2008.
Do you really think the Democrats are so "radical" that gas and oil are changing their prices to affect an election? All our presidents do the bidding of banking and oil. They would not need to manipulate prices to pick their pawns. Their pawns are not that powerful.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 08:28 PM
Response to Original message
18. How many times does this have to happen before the
American people get the hint? We got the first warning way back in the 70s and yet people never learn. Today I stopped by a car dealership to see what they had in stock and saw several people looking for small cars and hybrids. Just 6 months ago they had a backlog of hybrids and small cars and people were only interested in 4x4 pickups and SUVs. Isn't it convenient every spring gas goes up before vacation season then in the fall gas prices go down just before the snow starts falling.
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Historic NY Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 09:43 PM
Response to Original message
19. the Commodities Regulators need to go & take out a few speculators...
follow the money trail it leads to the rabbit hole.
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Aerows Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 10:53 PM
Response to Original message
21. They want a new normal of $5/gal
and they want Americans spending more money on EVERYTHING. Until we end speculation on energy and commodities necessary to sustain life, things are going to continue to get worse.
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AlabamaLibrul Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 11:03 PM
Response to Original message
22. I don't - reason being they don't give a jolly damn who's in office nt
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Imagevision Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 11:05 PM
Response to Original message
23. Big Oil speculators are simply taking advantage of using middle east as right of passage
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Apr-24-11 11:06 PM
Response to Original message
24. GREED. GREED. GREED.
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loudsue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:00 AM
Response to Original message
25. Oil prices started going up the MINUTE republicans re-took the house.
In fact, I commented about it to my friends one day. Republicans in office, gas prices sky-rocket.

Remember when Nixon used to enforced price freezes? We used to think he was conservative.

:banghead:
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azul Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:27 AM
Response to Reply #25
26. No fear of oil windfall profits tax while GOP is busy blessing profits.
It's a tough one though for Saudi Monarchs Inc.: world gas usage down, how to keep income flowing to angry mobs for pacification?

When you're driving the SUV over 55, you're giving Prince Bandar a ride to the White House's CIA entrance to the Pentagon. Call me crazy, please.
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:46 AM
Response to Original message
27. This is your Fed policy at work
Edited on Mon Apr-25-11 01:04 AM by kenny blankenship
Quantitative Easing trashes the value of the dollar AND simultaneously pumps liquidity into asset markets, inviting people with access to credit (not ordinary folks, but bankers who can borrow at the lowest Fed rates and the discount window) to gamble on the price of oil, among other commodities. The stock market has been on a rampage at the same time that the price of gas rises and rises. There's some seasonality in the rise of gasoline, but the string pushing of the Fed is behind both of these phenomena (destructive speculation and rising prices). Like another poster said: gas isn't getting more expensive - your dollar is getting progressively more worthless. Food prices have also been affected during the past two years of QE.

Some say that the Fed's quantitative easing programs are at an end (QE2 is scheduled to end in June) and that there won't be any new phase, since our creditors won't allow it anymore. Others say QE will continue, because without it stocks will crash (eliminating the only apparent economic bright spot) and the "recovery" will vanish like a dry leaf in a furnace. There is widespread agreement among economists that QE hasn't worked, unless saving the bankers and uber rich at the expense of everyone else was the goal.
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Iwillnevergiveup Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:22 AM
Response to Original message
28. $4.11 for regular unleaded at Arco in L.A.
Now can I have the kitteh? I won her for my fact check-in, right?
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Desertrose Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:25 AM
Response to Original message
29. Combination of first & last.....greed and they get to blame
the failure of the "recovery" on Obama...but they're gonna do that anyway.



I love that kitteh!
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Keith Bee Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:56 AM
Response to Original message
30. Saudi Arabia, Venezuela, Nigeria, Mexico
Do you really think they'd want to participate in replacing Obama with a wingnutty Repuke?
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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 04:05 AM
Response to Original message
31. I predicted this.
Not only the gas prices but the economy in general.
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TheWebHead Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 04:30 AM
Response to Original message
33. combination of reasons
and blame is shared... there's increased demand in the BRIC countries, there's a global economic recovery going on, Bernanke is banging down the dollar with QE2 and keeping rates at 0 as the ECB and just about everyone else has begun raising rates, there's the mideast unrest and the fear trade that at some point more oil will go offline and we will run out of spare capacity, and there has been a slowing of approvals for domestic drilling, especially deepwater in wake of the gulf spill. This combination of events puts the wind at the backs of oil traders and those trying to hedge the dollar decline by moving into all commodities, including oil, and as is often the case momentum investing moves the price of an asset up beyond what most view as reasonable until the fundamentals move in another direction. If there is no QE3, if Ben begins raising rates later this year, if there's some stability and resolution in the mideast, and as we get beyond the peak driving season, we should see gas prices decline.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:10 PM
Response to Original message
35. Oil prices were declining just as the Nobel Peace Prize winner launched our THIRD war
in the Middle East. Who are we supposed to blame? :shrug:
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JuniperLea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:14 PM
Response to Original message
36. That is one serious kitty!
Edited on Mon Apr-25-11 05:14 PM by JuniperLea
Stink eye kitty!

It wouldn't surprise me, so I had to vote in the affirmative. Besides, I'm be skeerd of da kitty! :scared:
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Butch350 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:23 PM
Response to Original message
37. Maybe gas goes up - because the US dollar is going down in value.
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DainBramaged Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-26-11 03:25 PM
Response to Reply #37
38. kITTEH IS STILL NOT HAPPY, ONLY FIVE VOTES.....
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