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Gas prices dropping around election time...

Discussion in 'Political Discussion' started by Seymour93, Sep 21, 2006.

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Gas prices going down before November... Coincidence?

  1. Yes, it's a coincidence

    3 vote(s)
    23.1%
  2. No, it's not a coincidence

    10 vote(s)
    76.9%
  1. Seymour93

    Seymour93 Experienced Starter w/First Big Contract

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    I don't think it's a coincidence.
     
  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Gotta be a coincidence, Bush, Rove and the rest of the crew always play fair... just look at all of the republicans under investigation for illegal activities.. look at the Ohio voting scandal... on an on... one thing I will GWB credit for is that his machine always orchestrates this stuff very well, and does it while we are distracted by other things. Gotta keep a wide view of what is going on, if we are paying attention to the UN, Gas Prices and the compromise in the senate is something else going on??
     
  3. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    They'll start climbing after the elections. I think it's interesting that the radicals in the Muslim world, i.e., the terrorists and the Iranians, aren't trying to disrupt the oil flow. I think they like Bush. Bush gives them a cause for their people to rally around.
     
  4. ctpatsfan1

    ctpatsfan1 On the Game Day Roster

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    economy slowing down, hence lower demand for oil,

    oil/gas inventories up in September higher than expected due to lower demand.

    end of summer travel/vacation season, again less demand.

    call it conincidence all you want facts are its called the law of supply and demand in economics.
     
  5. Real World

    Real World Moderator Staff Member

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    It's all a conspiracy. This was the first time in global history that the summer season resulted in an increase in demand, and thus, an increase in prices. Amazing stuff. To think that the price would actually drop after a high demand summer driving season is dumb. The historic data just doesn't support a drop liek this. Bush wanted people to be pissed at him for over a year so that a month before the election, he could get gas to drop to "only" $2.50 and everyone would praise him and he could secure GOP votes. Afterall, he was an oil man right. He tells the ME & venenzuella how much to pump up, Exxon what prices to sell at, China, Pakistan, India's population how much to use, and investors when to loose money. All Bush's doing. He controls the world. Oh, and that business in Lebanon, Bush planned it. He got it to stop just in time for the election. The high inventories you hear about are all nonsense. People were buying oil cuz they thought it was oging to hit $100 a barrel like everyone was saying. Bush just got all the investment groups to lie that inventories were high so oil would drop and they could loose Billion of dollars in futures. Whats a couple of Billion dollars when you can help the GOP get a couple extra votes? Afterall, people who've been paying $3 a gallon for over a year, and despise the GOP for the disgusting job they've done in office, are going to now run to the voting booth to sign there life away to 4 more years of GOP lunacy all cuz gas has dropped 50 cents a month prior to the election.

    :bricks:
     
    Last edited: Sep 22, 2006
  6. Turd Furguson

    Turd Furguson Rotational Player and Threatening Starter's Job

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    Would you lefties rather the price went UP?
     
  7. Real World

    Real World Moderator Staff Member

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    Did you think of that all by yourself NEM?
     
  8. ctpatsfan1

    ctpatsfan1 On the Game Day Roster

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    heh, the reason "average" Americans are doing worse is because state and local taxes are increasingly taking more of their income.
     
  9. All_Around_Brown

    All_Around_Brown In the Starting Line-Up

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    States are forced to balance budgets. If only the fed had such constraints. This is why governors can usually be expected to be fiscally reponsible. As for average americans doing worse, you need look no further than rising health care costs and soaring inflation.

    http://inflationdata.com/inflation/images/charts/Annual_Inflation/annual_inflation_chart.htm
     
  10. Real World

    Real World Moderator Staff Member

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    Rising health care costs I agree with. It's an issue with which a solution will be hard to find too. Inflation is also affected b the drastic rise in energy costs. Lets not forget that gas has doubled in the last couple of years. when you add the fact that oil itself is used in the production of hundreds of products & services, you can see why a large psike in inflation would take place. Furthermore, the boom in housing, which the fed has been trying to curtail with it's repeated bumps to the interest rate, is a huge factor that needs to be considered.

    As for states, yes, they have to balance the budget, but they also do so with the aide of federal money. This year, $459 billion dollars of federal aid was budgeted for states. That doesn't take into consideration any supplemental requests individual states may apply for. My point is that states have the luxury of a sugar daddy making up for their inefficiency, whereas the Fed doesn't. States do a better job overall though, to that I would most certainly agree.
     
  11. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

    Got to love people who have no real clue about economics making such a ridiculous statement. If anyone thinks for one minute that investors are going to sacrifice thousands and millions of dollars to help get Bush re-elected, then you need a brain scan.

    While Presidents may affect the price of oil should they make war or peace...mostly it's economics that drives the price...it's all speculative.

    Also...all you Iraq is Armageddon people...if Iraq was as bad as the Liberalazi media people say it is...then oil would remain high or go higher...NEM...is wrong again as usual on that one. :rofl:
     
  12. Real World

    Real World Moderator Staff Member

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    My favaorite critique about Iraq was that we were going in for the oil yet, oil has doubled since we went in.

    Anyhow, as for presidents of any sort having an influence on gas prices (or oil if you prefer) the answer is it's minimal. Ultimately OPEC controls the supply of oil, nations dictate consumption, while investors and global issues drive futures & prices. Oil is a comodity that is traded. Therefore speculation is the largest factor in price. When investors feel that oil will rise they buy, when they feel it will drop they sell. Obviously that is very generally explained, but you get the drift. The others factors are important also. Basic supply and demand stuff, like global consumption is a big factor, as is fear of, or actual distruptions in either refining, or drilling. Trouble in the ME raises prices. Trouble in refinfing area's like our gulf pose problems. And issues with Chavez, Mexico, or Russia impact accordingly as well. Therfore, for someone to think GW just picks up the phone and calls in a drop in prices is very misinformed.
     
  13. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Remember what the Late Ann Richards once said after Bush beat her "don't ever underestimate little George Bush"

    Next month the "big rabbit" will come out of the hat and the Digobats will get their a$ses kicked again.
    When the haters get all riled up and start spitting all over their shirts all Bush does is Grin.
    :bricks:
     
  14. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    State and Local gov spending is exploding independent of whatever the Feds are doing. Spending is the problem not Fed subsidies.

    The premise of this thread shows just how clueless the lefties are about the markets.
     
  15. Real World

    Real World Moderator Staff Member

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    Um, again NEM your wrong. Bush ahs actually done the opposite. The Bush Administration, in it's sailor'esque spending, has actually increased state aid exponentially since they've taken office in 2000. Of course, you'd actually have to read something other than the Dailykos to know this sort of stuff. Now, I know this because I think that Bush spends worse tha nany liberal could dare dream, and has single handedly made my dream of a bankrupt america a real reality.

    USA Today article that sums it up nicely:


    State and local government spending was $6,214 per capita in 2005 — up about $675 since 2000 in inflation-adjusted dollars, according to a USA TODAY analysis of data from the Bureau of Economic Analysis and the Census Bureau. Federal money was the biggest factor in the increase, accounting for one-third of the rise. Borrowing ranked second.

    The strategy of spending more and taxing less makes states vulnerable to federal cost cutting and rising borrowing costs. President Bush's new budget proposes increasing state and local aid just 2% next year to $459 billion in an effort to trim the federal deficit. Still, that's up from $285 billion in 2000.

    Bush and the Republican-led Congress have increased federal aid to state and local governments twice as fast as in the last five years of the Clinton administration. About half the additional aid has gone to Medicaid, the health care program for the poor.

    But federal money has increased in many other categories. It has been used to hire more reading teachers, vaccinate children and pay local police. The aid includes a record amount, more than $53 billion in 2004, for specific projects in lawmakers' districts.

    State governments increased their reliance on federal money from 26% of their revenue in 2000 to 31% in 2004, the most recent year available, according to the Census Bureau. States say money from Washington is crucial to their operations and helps offset costly federal requirements in education, health care and other programs.



    http://www.usatoday.com/news/nation/2006-02-16-state-spending_x.htm

    This article also points out how inefficient state government is as well. States now recieve twice as much federal aid as they did in 2000, yet have increased there budgets to the point where they rely on these funds even more than prior. So governments all over the country are becoming bigger, and more inefficient as each day passes. Remember that everytime you vote for a candidate who wants to let illegals stay here and suck our services dry, or one who wants to extend the free lunch program that is welfare.
     
  16. IcyPatriot

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    #87 Jersey

    I thought you already told us the truth? :bricks:
     
  17. Turd Furguson

    Turd Furguson Rotational Player and Threatening Starter's Job

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    I heard that gas prices were supposed to drop until around Thanksgiving as the demand expectedly would go up.

    I love the liberals line of thinking here, anything to bash Bush.


    How many people on this board are doing poorly related to the state of the economy?
     
  18. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Of course they would, it would help destroy the "Hated Bush", or so they think, the people didn't fall for the "Kerry/Gore Sh!t" and they wouldn't fall for that either.
     
  19. Real World

    Real World Moderator Staff Member

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    All things being equal, the relative price of oil/gasoline has always increased in summer months (summer driving), decreased in the fall when work and school occupy peoples time, and rises in the winter when home heating oil usage increases. It's been this way forever.
     
  20. IcyPatriot

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    #87 Jersey

    Not thinking and not having the capacity to think are different things Seymour...economics is all about greed. These business owners will dance with any devil that leaves them alone. If you think these people holding oil futures would sacrifice millions for the G.O.P. you are missing thje point.
     

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