Gas Prices

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  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,459
    Jason P wrote:
    gimmesometruth27 wrote:
    i am thinking that due to the election the cost is gonna rise, exxon mobil will make even higher record profits, and a lot of that money is going to be dumped into romney's campaign in hopes of buying the election. thank you supreme court for that one...
    US oil production increased for the first time since the early 80's under Obama's watch and has seen significant increases every year he has been in office. Who's to say big oil isn't perfectly happy with the current man?

    It appears that Barry took Palin's advice ...

    :think:
    obama wants to take away big oil tax breaks and has mentioned stopping oil subsidies.

    who do you think big oil is going to support if it was a choice between obama and romney?

    it is an absolute no-brainer.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    Shawshank wrote:
    Also since oil spiked a few days ago (because of speculating pieces of shit) I speculate gas prices will be on the rise this week and into next week.

    Ya'll need to get your facts straight before you start insulting and taking offense to every person that takes a position in the market.

    "Speculating pieces of shit" did NOT spike the price of oil last week.
    The markets responded (albeit in a shortsighted way, as they always seem to) to news of Germany agreeing to use EuroBailoutFund cash to help Spain by raising the price of the Euro in a very short period of time. Although it was a net inflationary move, i'm assuming the price of the Euro was already discounted for such inflation at the announcement of the EuroBailoutFund itself. This move to USE the money has only been seen as POSITIVE FOR THE EURO SYSTEM, THUS RAISING THE VALUE OF THE EURO RELATIVELY SIGNIFICANTLY.

    ***THIS RAISE IN THE VALUE OF THE EURO LOWERS THE RELATIVE VALUE OF THE DOLLAR (the Euro ROSE AGAINST the Dollar) CAUSING EVERYTHING DENOMINATED IN DOLLARS TO BECOME MORE EXPENSIVE AS THE DOLLAR LOST RELATIVE VALUE.

    THIS HAD ***NOTHING*** TO DO WITH SPECULATION
    It's how markets work.

    PS.
    If you want to rail against "SPECULATING PIECES OF SHIT" know that the real market manipulation occurs at a MASSIVE LEVEL OF COLLUSION between players like The Federal Reserve, Goldman Sachs, JP Morgan Chase, Citibank, and a host of other "owned" institutions that function for "the man" and his system across the globe.

    Big Banks Accused of Manipulating Key Interest Rates
    article wrote:
    The six banks fingered in the report are Citigroup, Deutsche Bank, HSBC Holdings, JPMorgan Chase, Royal Bank of Scotland and the aforementioned UBS.

    You don't have to be a genius to see that these are HIGH profile banks. Not just some random coterie of Would Be Big Shots. These guys ARE THE SYSTEM. JP Morgan = Largest bank in US. Citibank = Rockefeller $$$. Deutsche, HSBC, RBS, and UBS are all top level banks for their respective "regions". I'm just surprised Mitisubishi UFJ wasn't included in the list. But i guess they implicated HSBC so you know its going on in all 4 corners of the globe.

    This kind of shit goes on with EVERYTHING.
    Oil. Gold. US Treasuries. The Euro. Etc. Etc. Etc.
    If you own all the largest players in the system, and can control their trading desks by direction, bada-bam-bada-bing. Manipulation.

    It's not some stupid selfish asshole speculators that are gaming you,
    THE SYSTEM itself is gaming you.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?

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