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Mortgage Grapevine

Political: True or false: Gas prices are high because Obama is an uppity black.man.

Hmmm....I'm guessing that one will be a brain teaser.

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"What should the price of oil be if left to conventional supply and demand market fundamentals? Canada's the largest supplier of imported oil to the United States, which now actually produces more than half of the oil it consumes. Production and delivery costs for a barrel of oil from Canada are about $75 a barrel. The market-fundamentals cost for a barrel of oil is in that ballpark; above that, speculation sets the prices.

"It's as simple as that," said Gheit, who has testified before Congress and called for regulatory limits on speculation in commodities markets.

Historically, financial speculators accounted for about 30 percent of oil trading in commodity markets, while producers and end users made up about 70 percent. Today it's almost the reverse."


by That's funny! February 22, 2012 4:48 PM


false - he's half black.
by MikeM-NJ February 22, 2012 4:59 PM


so pre-2008, when gas went up at the pumps.... it wasnt Bushs fault?

or it was bushs fault then, but now that the cost is up under obama, there is this whole new formula that makes it someone elses fault?

pretty fucking convenient.

because i dont recall all this speculator, supply and demand jibberish under Bush, i do recall "impeach Bushco" when gas was around $2.40.

where are those ass hats?

by FromTheRight February 22, 2012 5:04 PM


true or false:

is this ridiculous?


"Florida Drivers Shelling Out Nearly


$6 A Gallon


At Some Gas Stations"?

Click Here

pretty damn sad



by FromTheRight February 22, 2012 5:09 PM


He's an uppity half white man and that is the reason gas prices are high.


by UnFreakingBelieveable February 22, 2012 5:17 PM


@ From the right: That's a bear cat isn't it?

Why didn't you say something?
by That's funny! February 22, 2012 5:37 PM


False.

Wasn't oil about $20 bucks a barrel more when it hit these levels in the past?

It may not be Obama's fault, but it is his dream.


by YATI February 22, 2012 5:48 PM


do you mean manBearPig?

by FromTheRight February 22, 2012 6:00 PM


in 2008 it was Bush's 'failed policies' that led to high gas prices.

That has changed now?? Interesting.
by rspringer February 22, 2012 6:14 PM


It is all he has MH.
by the cisco kid February 22, 2012 9:06 PM


True.


B.O. wants gas prices to continue to increase so he can now hand out gas vouchers to the under achievers, oops, I mean less fortunate just like food stamps.


Its just another way to buy votes.



I'm joking of course but it wouldn't surprise me if it did happen.


by doccustodian February 23, 2012 8:55 AM


the price at the pump is on his watch,period!

the increased debt,ditto;he is an
absolute failure w/zero turn around
plans.

you libs only trash opposition
to stay in denial,pathetic.
by dblbogey2 February 23, 2012 10:38 AM


Funny how in 2008 when oil was $147 a barrel gas was priced the same as now. I agree these speculators should have to physically take posession of oil. The banks are borrowing at 0% including GS whos not a bank and using to trade in oil.


Funny how when news channels interview people at the pump theyre not white. Funny theyll still vote for Barry Chavez
by sfranny February 23, 2012 2:18 PM


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