What happened to all of the doom and gloom economic threads?

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US, other nations releasing oil from reserves


"The move is significant as it represents a reach by member countries for the remedy of last resort to high prices," said U.S. energy analyst John Kilduff at Again Capital.


http://www.msnbc.msn.com/id/43508263/ns/business-going_green

You know that gas prices were already starting to trend downward (and have been since mid-May) before this announcement, right?

But don't take my word for it. You can look at a round-up of Gas prices since 1990 here.
 
You know that gas prices were already starting to trend downward (and have been since mid-May) before this announcement, right?

But don't take my word for it. You can look at a round-up of Gas prices since 1990 here.

you outa wear BLACKFACE just to make it official:)
 
You're getting boring in the extreme little troll. You need some fresh material.

I know, you can always go back the the "You used to be fat!" schtick. :rolleyes:

It's not that you used to be fat, it's the fact you were stupid enough to gain 85 pounds. Seek counseling for your own benefit.*insert multiple rolleyes*
 
You know that gas prices were already starting to trend downward (and have been since mid-May) before this announcement, right?

But don't take my word for it. You can look at a round-up of Gas prices since 1990 here.

Maybe you should tell them...

"The United States and other oil-consuming nations said Thursday they plan to release 60 million barrels of oil from government reserves over the next month in a bid to push down soaring energy prices. "
 
Maybe you should tell them...

"The United States and other oil-consuming nations said Thursday they plan to release 60 million barrels of oil from government reserves over the next month in a bid to push down soaring energy prices. "

Did you also learn about that on the history channel?
 
Obama’s political decision to release some of the nation’s strategic reserves
President Obama entered the US into the Libya conflict on the pretext of defending human rights, while ignoring even worse human rights abuses taking place in Iran and Syria. Today he cited Libya as the reason to release 3o million barrels from the US Strategic Petroleum Reserve, though the ongoing disruption of supplies from Libya barely touches the US — we don’t buy our oil from Libya. Europe does, though, and thus far they have mangled the NATO operation in Libya.

Obama’s release from the SPR represents the largest single release in US history. The previous record was 21 million barrels, and was set by President George W. Bush in 2005 in response to the supply disruption when Hurricane Katrina struck New Orleans. Obama’s release is not in response to a strategic threat or an actual disruption to US supplies, but to a political threat: High gas prices threaten his re-election. It’s amazing that it has taken this long for the president to figure that out.

The SPR contains roughly 727 million barrels of oil. The 30 million US barrels plus 30 million the Europeans and Asians plan to release represent less than a day’s global consumption and is not a long-term fix to the problems that plague Obama’s economy. Those problems he either inherited and made much worse with poor policies, or created on his own by letting ideology drive his administration’s actions, from the EPA to the NLRB to ObamaCare and the Democrats’ stubborn insistence on raising taxes to pay for their own spending spree since January 2009. The Obama administration and the Democrats have consistently put ideology above the needs of the country, and they have an awful economy to show for it.

The solution is to roll back Obama’s regulatory state, cut government spending, and open up US sources to more exploration and more drilling. As a candidate, Obama resisted calls to expand drilling, arguing that it would take years to have any impact. Now we are years down the road, we are not expanding drilling, and he is resorting to playing politics with the Strategic Petroleum Reserve.

Today’s release from the SPR is a desperate president pushing the political panic button.
 
NIGGERS bitch slapped


CBO Director Elmendorf rips Obama admin policies: ‘We don’t estimate speeches’
James Pethokoukis is live tweeting the House hearing on the CBO. And he is tweeting some gems, like:

At House Budget hearing, CBO admits that b/c of “gap in its toolkit” it assumes O price controls don’t impact quality of care

Elmendorf on whether CBO estimated new Obama budget framework: “We don’t estimate speeches”

CBO’s Elemdorf calls Obama’s cost-containment provisions “experiments.”

And this:

Boom Boom Pow! CBO’s Elmendorf: “Higher marginal tax rates do reduce economic activity .”

Plus this:

Ka-Blam! CBO Elmendorf: Raising tax rates on rich hurts more than raising tax on everyone else. (Dem wasn’t expecting that answer)

Those last two pretty much destroy the Democrats’ position in the debt talks, since they want to raise taxes and consistently demagogue raising taxes on the rich. Their own CBO director says the Democrats’ whole policy is destructive.
 
Opps

Someone tell

NIGGER

about

MOODY BLUES​

I know

Let NIGGER CURRY call

NIGGER HO!

and

Tell him

tee hee​
Let’s start with the economy. Unemployment is at 9.1%, with almost 14 million Americans out of work. Nearly half the jobless have been without work for more than six months. Mr. Obama promised much better, declaring that his February 2009 stimulus would cause unemployment to peak at 8% by the end of summer 2009 and drop to roughly 6.8% today.


After boasting in June 2010 that “Our economy . . . is now growing at a good clip,” he laughingly admitted last week, “Shovel-ready was not as shovel-ready as we expected.” The humor will be lost on most. In Wednesday’s Bloomberg poll, Americans believe they are worse off than when Mr. Obama took office by a 44% to 34% margin.


The last president re-elected with unemployment over 7.2% was FDR in 1936. Ronald Reagan overcame 7.2% unemployment because the rate was dropping dramatically (it had been over 10%) as the economy grew very rapidly in 1983 and 1984. Today, in contrast, the Federal Reserve says growth will be less than 3% this year and less than 3.8% next year, with unemployment between 7.8% and 8.2% by Election Day.
 
Let's see, when Clinton did this it temporarily lowered the price by one cent.:rolleyes:

Butt fucks are too dumb to know that lowering the supply increases prices at some point.

Except that there's no shortage, in fact oil production (in the US) is at record highs.

So what's increased the price?
 
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