A Gallon Of Gasoline In Feb-02 $1.11 - How Did This Happen Under The Bush Cartel?

Question

http://tonto.eia.doe.gov/oog/info/gdu/gaspump.html

Answer 1

http://finance.yahoo.com/currency/convert?from=USD&to=EUR&amt=1&t=5y

This chart tells it all.

The Fed has been printing and printing and printing for years and years to prop up the markets and make the US economy appear healthy. Worthless dollars don't buy much.

This is the result of the treasonous trade agreements and outsourcing... the looting of the American middle class that started long before Bush. They'd rather you think it's the war than see the truth. The truth is the plummeting dollar and skyrocketing profits of the oil companies. If these wars significantly changed the price of crude in other currencies, the world would be much more pissed off at the USA.

Don't take this to mean I think Bush is a good guy... No President has ever as BLATANTLY denied the truth, the will of the people and done as much to finish us off. At least Presidents used to PRETEND to care about American jobs, the value of the dollar, the borders, etc... This guy got on TV and told us it's great to "compete" with 3rd world SLAVES for jobs!!! It's unrealistic to defend the borders against foreign invasion!!! I really can't explain how the American people were brainwashed into accepting such BLATANT treason. Just slowly... slowly... slowly... There should be a politician hanging from every tree and the American people are just too brainwashed by clever propaganda to see.

The USA is being intentionally collapsed so what's left of us can be "saved" by a new, more global form of government. It's been in the works for a long time under ALL administrations. The Constitution is currently being shredded and the final plans being made for a totalitarian government during any state of emergency. If the economy doesn't do it... the foreign invasion doesn't do it... and they're afraid to launch any more false terrorist attacks because they keep getting caught... maybe the "Bird Flu" will cause the emergency they need. We keep getting monthly updates on the news about how it's progressing in it's mutation to infect humans. BIZARRE!!!


http://home.sprynet.com/~eastwood01/geoguide.htm

http://www.infowars.com/bg_ceremony_clip.htm

http://www.youtube.com/watch?v=32z6Cw21OAk

http://www.youtube.com/watch?v=cgPzA-qmWe4

http://imageevent.com/firesat/strangedaysstrangeskies;jsessionid=rc1nmamuo1.tiger_s?p=212&n=1&m=-1&c=4&l=0&w=4&s=0&z=3

http://imageevent.com/firesat/strangedaysstrangeskies?p=220&n=1&m=-1&c=4&l=0&w=4&s=0&z=3

Answer 2

Explain to me how gasoline was 1.80/gallon in 1989 during the first Iraq invasion. Oh wait, I can do it. Market influences such as geopolitical tensions, weather, demand, refining capacity all combine to determine global oil prices. In 1989, when we were beating our chests under Bush 1, geopolitical tensions were driving prices. Demand was about 1/3 what it is today, globally.

In 2007, geopolitical tension, demand and refining capacity are conspiring to drive prices up. We don't know how stable the governments of oil exporters are, like Iran, Venezuela and China. With countries buying mineral rights around the world, speculators are thinking political forces will apply even greater pressure over time.

Here in the US, we have refining issues, since we can only produce as much as we consume. Refineries have been running at 97% of capacity for the past 5+ years. If one goes down, we either buy imported refined product or someone isn't getting their gasoline. Think that doesn't worry investors? That worry is defined as risk, and risk costs money.

This is why BP stocks have tanked recently. The company has made moves that look risky and investors wonder if the internal environment at BP is about to collapse. It won't make the oil reserves any less valuable, but the refining network could shut down and cause widespread shortages.

Bush doesn't have a GD thing to do with oil prices, stop living in denial. Oh, I can't stand Bush, but I won't blame him for something over which he hasn't got one iota of influence.

Hurrican Katrina exposed how fragile our national refining and distribution networks are. Once investors realized how quickly their money could vanish, they demanded more return for their dollars.

Answer 3

Prices are based on the sale of future contracts. The prices of those contracts depends heavily on peoples perceptions of what will happens as well as what is currently happening. i.e. an approaching hurricane that could hit offshore refineries, thus altering supply, could cause worry and drive the price of the future contract higher, regardless of if that hurricane actually has any effect at all. While the Bush administration's foreign policies could play a part in the rising price of oil, there are many other factors, real or 'imagined', that also weigh in heavily. just be thankful you aren't driving your hummer in europe, or anywhere else in the world for that matter, where prices are usually 2-3 times higher than what we pay here.

Answer 4

Ever heard of a country called China? They have increased their demand for crude oil by about 20 fold driving up the production needs for oil making the price go up.

China is not the only country that has had an increased demand for oil in the last 6 or so years. This all causes the price to go up as does other factors.

As much as I know you want it to. Bush has very little influence on the price of oil......

Answer 5

Ask the Democrats, the first thing our new State Government did here in Washington was raise gas taxes. I don't see anyone in the Democratically controlled congress doing a damn thing to lower the price or raise the output.

Answer 6

Because Bush doesn't control global oil trade. More and more people on this earth want to live like the people in the USA and so the use of oil is going thrue the roof without much extra oil being found.

Answer 7

The reason it really doesn't make sense is if the Iraq war open the Iraqi oilfields it should have lowered the price of crude on the world market!

Answer 8

The Dems said if they controlled the house and senate they would reduce gas prices.