are gas prices obama's fault?
Posted 22 January 2013 - 11:38 AM
Do not let the noise fool you. The federal reserve's extended 'emergency' actions (zero interest rate + bond purchases) are making US debt more expensive to own, thereby exporting inflation to the developing world. It shows up in the US in products like food, gasoline, and metals, despite core CPI staying relatively stable.
Posted 22 January 2013 - 11:19 PM
also keep in mind that tried and true axiom of supply and demand. opec et al understand consumption and trends in world economies. therefore, based upon price points that i always bring up come into play.
there are guys who are doing quants and algorithms on gas prices/inventories and employment as well as time of year and peak driving times.
so they will price in all of this and once it gets to a certain price(much like what they call in the stock market a breakout price etc they then will move inventory accordingly.
they price fuel so its just enough to make a small profit but not so much as it scares away people at the pump. they have it down to a science.
Posted 23 January 2013 - 03:36 AM
Here's the answer, short clip from March, 2012
I actually remembered this video specifically... Which I'm proud of at the moment, because here lately my memory has been failing me (guess I can get old after all)
Posted 23 January 2013 - 03:55 AM
I'd say that this was the major reason for Iraq invasion. I think that prices are lower than what they should be now due to the "help" we're getting from Iraq. The whole thing was to keep the REAL prices from shooting through the roof! Imagine if we weren't getting the oil that we do from Iraq alone... We might be really paying upwards of $5 a gallon for awhile now.
Just my theory... Could be true/partly true/ or total BS who knows?
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