Comments on: Oil Prices Are Dropping Thanks To President Obama

By: Shawn

Shawn — Sat, 30 Jun 2012 15:11:03 +0000

It was a speculation bubble that caused the crash of ’08. He should regulate all speculation, or better yet, just get rid of it.

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By: Dan Skinner

Dan Skinner — Sat, 30 Jun 2012 07:29:50 +0000

are u sure Romney wasn’t responsible? Afterall he saved the automobile companies when he folded his arms saying ” Ya’ll go bankrupt now, ya hear?”

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By: majii

majii — Sat, 30 Jun 2012 02:36:36 +0000

Regular unleaded is selling here in red, red Middle Ga for $2.88 per gallon. I haven’t heard a word from Newt Gingrich or any of the conservatives who were shooting their mouths off a few months ago about the lower gas prices. If they do say something about the declining price of gas, it will have nothing to do with giving President Obama credit for putting pressure on the oil speculators. These tools are giving Nathan Deal, our republican governor, credit for the decrease in our unemployment rate because see, according to them, GA didn’t receive one red cent of the stimulus funds.

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By: Ed Breider

Ed Breider — Sat, 30 Jun 2012 01:54:28 +0000

I consider myself a progressive, but this article is crap. The effects of speculators (or “market makers” as they would prefer) are very short term and cancel themselves out in time. Decreases in the price of oil these past few months were due to worldwide economic slowdown, strength of the dollar, and MAINLY because of a reduction in the Iran “fear premium.” Sure… this premium was implemented by the oil traders, but they are merely messengers… and as the old adage goes, “Don’t shoot the messenger.”

Oil, gold, and foreign currencies (relative to the dollar) were all up BIG TIME today based on a meeting of the European leaders and the reaching of an “agreement.” Are you going to blame that on speculators?

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By: John

John — Sat, 30 Jun 2012 01:20:36 +0000

I paid 2.579 for 93 octane yesterday in central Ohio. I blame Obama for the price drop. After all, when I paid 4.50 for the same product a few months ago that was all his fault, right? Oh, wait, could it be the market, and not his fault at all? Wow, now that would be just amazing, something that is NOT political!

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