Gas went up this week ..I blame Obama
- Thread starter WESTBGVA
- Start date
Funny...
But I do find it interesting to hear these economists say that low gas prices are bad for the economy because of the oil industry profits and taxes from them. But, yet, higher gas prices also means lower expendable income for people which hurts the economy, basically your "Walmart shoppers".
I guess the translation I got was: "Screw you middle class people who are saving at the pump, we need those golden parachute packages and maximized profits for Big Oil"......
But I do find it interesting to hear these economists say that low gas prices are bad for the economy because of the oil industry profits and taxes from them. But, yet, higher gas prices also means lower expendable income for people which hurts the economy, basically your "Walmart shoppers".
I guess the translation I got was: "Screw you middle class people who are saving at the pump, we need those golden parachute packages and maximized profits for Big Oil"......
When it cost the Saudi's and other OPEC nations $8 to produce a barrel of oil and they were selling it for over $140, they'd better expect the rest of the world competing. Lofty oil prices occurred because of collusion and fair competition practices ended decades ago. F-em. Gloves are off now and we're seeing oil trading at more realistic values now.
I think Wal-Mart is the biggest employer in WV..surprising since as soon as a business is opened in WV a union is formed..
how's the weather in Alabama?...it's been great in North Carlolina..so good in fact I set my stationary bike outside and had a ball..take care
Lower gas prices are ideal but too low hurts the oil and gas extraction industry. There is a line where it becomes too low.
Saudi is the biggest winner when gas prices are at current levels. They are screwing everyone not the other way around.
Sure b
Sure, because the ME OPEC nations can still turn a profit at $40 a barrel. Fine. $50-60 break-even operations should have never even been in the game.
Opec nations can turn a profit at 30 a barrel. 50-60 isnt even the problem. American operators can make it at 40. The saudis are trying to put shale out of business. Our energy independance is bad bad news for them. The left is fine with energy dependance according to Bernie and Hillary.
Point is, if it costs me $3 to make a pizza and it costs you $20 to make the same pizza, don't be surprised if I now sell pizzas for $19. Only reason you decided to start making pizzas is because I was a cocky F##K and used to sell them for $80.
This isn't political, this is capitalism 101. And by the way, Bill will tell Hillary to take a pragmatic approach here.
