DebateGate
General Category => 3DHS => Topic started by: R.R. on September 20, 2006, 01:21:45 PM
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...the mainstream liberal media has turned it into negative news
Gas price decline may spur inflation
By Barbara Hagenbaugh, USA TODAY
WASHINGTON — The recent sharp decline in gasoline prices may help consumers. But it also may stoke inflationary fires, perhaps forcing the Federal Reserve to raise interest rates again later this year, some economists, such as those at Merrill Lynch and the Bank of Tokyo-Mitsubishi, say.
http://www.usatoday.com/money/economy/fed/rates/2006-09-18-gas-fed_x.htm?POE=NEWISVA
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Damn that Bush......oh wait ;)
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...the mainstream liberal media has turned it into negative news
Gas price decline may spur inflation
By Barbara Hagenbaugh, USA TODAY
WASHINGTON — The recent sharp decline in gasoline prices may help consumers. But it also may stoke inflationary fires, perhaps forcing the Federal Reserve to raise interest rates again later this year, some economists, such as those at Merrill Lynch and the Bank of Tokyo-Mitsubishi, say.
http://www.usatoday.com/money/economy/fed/rates/2006-09-18-gas-fed_x.htm?POE=NEWISVA
Yes, that awful mainstream liberal Wall Street, and those awful liberal Merrill Lynch people, and those ULTRA liberal people at the Bank of Tokyo-Mitsubishi.
Why oh why do they hate America? WHY?
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Who the hell is saying anyone in the mainstream media "hates America"? ???
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The spike in gas prices over the past six months created the largest windfall profits ever. This is how Bush, Cheney and the corpofascist are forcing the general public to pay for the wars in Afghanistan and Iraq. Now, the sudden drop in oil prices is being done to coincide with the general election. Price fixing is illegal and so is election rigging. George Bush is anti-America and anti-democracy. The New World Order is a geoeconomic and geopolitical system and its fascism monopolies are being used to expand the fascism authority World Wide. Americans need to do something about the new fuehrer, George Bush, he has become a menace to society and a threat to civil government.
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Oh look! Gas prices are coming down!
In a COMPLETELY UNRELATED coincidence, there is an election and thew two oilmen that lead the country want the sheeple ot vote for their buddies.
What will gas prices do AFTER the election?
If you believe that these are unrelated, I suggest you are a moron. A drooling, slackjawed knucklewalking Cletus of a moron at that.
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Why would a non moron make the connection?
The sun may rise the day of the election too , but would President Bush need to prove that he had done that?
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So you are contending that Big Oil would not manipulate prices to assure than their asskissers are elected and in that way they will make even more profits?
Please. The price of oil is not anything like the Sun rising.
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Big Oil loves their Republican Ass kissers .
Big Oil Loves their Democratic Ass kissers.
Oil Prices are set at auction and are much better for oil producers when they are high.
Oil Producers include some people who do not especially like President Bush , Hugo Chavez for example , who has been giving oil away, but he may quit that when he hears how much it is a help to President Bush.
Oh my knuckles are so sore.
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Chavez has not been giving oil away to Americans. He has been selling more cheaply to Cuba and a few other countries.
The world price of oil is one thing, by the way, and the local price of gasioline is quite another. The latter is determined by Bush's buddies. The former is irrevevent to anyone who does not want to buy tons of oil and has their own refinery.
Watch and see, after the elections, the price will rise again.
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Watch and see, after the elections, the price will rise again.
Certainly. After the elections we will be in the dead of winter and the need for heating oil will rise.
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I can already visualize this article & headline if it were Clinton, or Gore, or Kerry as President, heading into the election cycle. "Gas prices are plummeting."
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Now, the sudden drop in oil prices is being done to coincide with the general election.
I'm enjoying the savings at the pump.
I hope it goes down to a buck before the election. It's already below $2 in some parts of the country.
It's all Bush's fault. :D
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Falling Gas Prices Leads NBC, But Williams Raises Election Motive
NBC anchor Brian Williams deserves kudos for, on one night at least, giving as high a priority to declining gas prices as he and the media gave when they were rising, but then he suggested a political motive. Williams led Wednesday's NBC Nightly News by acknowledging the plunging prices and his own newscast's inaccurate predictions: "If you have filled your tank lately, then you've noticed. After some dire predictions on this broadcast and elsewhere that prices were rocketing to $4 a gallon, gas prices are coming down" to an average of $2.50 per gallon.
Reporter Anne Thompson attributed the fall to greater supplies and to no interruptions from hurricanes in the Gulf of Mexico. Thompson concluded, however, on a downbeat note: "Despite the decreases, analysts warn that we are just one hurricane or one major political crisis away from higher prices." Williams then raised wild speculation about oil executives, with the ability to open a "big spigot," manipulating prices for political advantage, "Now Anne, as you know there are skeptics and there are cynics out there who say there's nothing to make voters happier than paying less for gasoline and they're going to wonder: Did somebody just open a big spigot?" Thompson rejected his premise: "No, that's not true..."
Williams teased the September 20 NBC Nightly News: "Suddenly, prices are plummeting at the gas pump. Why now and for how long?"
Williams opened his newscast, as taken down by the MRC's Brad Wilmouth:
"Good evening. If you have filled your tank lately, then you've noticed. After some dire predictions on this broadcast and elsewhere that prices were rocketing to $4 a gallon, gas prices are coming down. The two big questions tonight appear to be how far and why is this happening? First, some stats to begin with. The price of oil was down another $1.20 today to close at $60.46. Gas prices, which hit their peak six weeks ago at $3.04 a gallon, are today down to $2.50. That's on average. It's even cheaper in some places. So we'll begin there tonight. NBC News chief financial correspondent Anne Thompson is with us from the pumps with more. Anne, good evening."
After outlining the increased supplied and running soundbites from happy drivers, Thompson concluded from an outside location in New York City:
"Despite the decreases, analysts warn that we are just one hurricane or one major political crisis away from higher prices. Brian"
Williams then asked her: "Now Anne, as you know there are skeptics and there are cynics out there who say there's nothing to make voters happier than paying less for gasoline and they're going to wonder: Did somebody just open a big spigot?"
Thompson explained: "No, that's not true. Think about where we were six weeks ago, Brian: The fears were the fighting between Israel and Hezbollah would spread to oil producing countries in the Middle East and BP was having huge pipeline problems at its Alaska oil field that threatened to shut the oil field down. Only half that oil field closed and the fighting never spread to those other countries in the Middle East and that has taken some of the worry out of the price of oil and gasoline."
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The world price of oil is one thing, by the way, and the local price of gasioline is quite another. The latter is determined by Bush's buddies.
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How?
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Falling Gas Prices Leads NBC, But Williams Raises Election Motive
The media can’t help themselves. They have to try and portray every positive news about the economy as something bad.
There’s an election motive, lower gas prices will cause inflation.
Yet NBC does deserve some credit for at least mentioning the plummeting gas prices. I saw it mentioned on ABC news as well. Some guy was ecstatic that he saved $15 at the pump. Another lady said she was going to use her savings to go to Blockbuster. It’s kind of silly that the economy has been booming for the past year, but people really didn’t recognize it until they saved some money on gas.
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Chavez has not been giving oil away to Americans. He has been selling more cheaply to Cuba and a few other countries.
The world price of oil is one thing, by the way, and the local price of gasioline is quite another. The latter is determined by Bush's buddies. The former is irrevevent to anyone who does not want to buy tons of oil and has their own refinery.
Watch and see, after the elections, the price will rise again.
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You ought to pay attention to Hugo Cahvez , he is traveling about offering sweetheart deals to partys and factions he likes.
If you were going to the Tobqacco Auction as a buyer and saw someone outside the gate giveing bales away at steep discounts would you still go in and bid on bales at competitive prices? At the least haveing someone outside the auction giveing away the product will reduce the number of bidders that go in ,even if not all buyeres were welcome to be gifted.
Hugo Cheves is doing all he possibly could to drive down the world price of oil and the Harlem price of heat and everything in between will feel the depression of price. Castro is not haveing to bid , whoever he is dealing with ,giving a good deal, will be removed from the bidding.
What more could he do to depress the price of oil? If there is a big spigot being turned on it is Hugo's.
According to your theroy he is doing this for his love of George Bush.
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Funny how the gas prices SUDDENLY start going down in the run up to the November elections. Odd, how that happens a lot in the last five years.
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Odd, how that happens a lot in the last five years.
You mean it happens every year at this time?
Even in years there is no election?
Perhaps it happens at this time of the year because people are mostly done with vacation travelling and the winter heating season hasn't started?
Or would that be too mundane? Not enough conspiracy behind that?
(http://www.gp32spain.com/foros/images/smilies/smilie_loco.gif)
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Funny how the gas prices SUDDENLY start going down in the run up to the November elections. Odd, how that happens a lot in the last five years.
Well it certainly happened in 2000, when Clinton released the strategic reserves right before the election. It's a supply and demand thing.Clinton added to the supply to artificially lower the price. If you must be cynical be cynical across the board.
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Oil drops to six-month low
TOKYO (Reuters) - Oil prices fell to a new six-month low below $60 a barrel on Monday as news of BP restoring output at Prudhoe Bay added to a sense of healthy global supplies.
U.S. light, sweet crude for November <CLc1> fell 56 cents to $59.99 a barrel in Globex electronic trading. By 0108 GMT it stood 61 cents lower at $59.94 a barrel, deepening a seven-week rout that has knocked more than $17 a barrel off prices.
Prices fell below the previous $60.00 a barrel low posted on September 20.
Previous frontmonth October was reported last week to have fallen as low as $59.80 a barrel on September 20, but detailed NYMEX trade data on its website showed the contract hit a low of $60.05 a barrel in Globex trade and $60.00 in open-outcry pit trade.
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Bush's fault?
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Isn't everything? ;)
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Regular gas was $2.02 here yesterday near me, and $2.19 across town. I give up trying to figure it out. A lot of people I know only get $5 worth of gas at a time, because prices fluctuate so wildly.
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Regular gas was $2.02 here yesterday near me, and $2.19 across town. I give up trying to figure it out. A lot of people I know only get $5 worth of gas at a time, because prices fluctuate so wildly.
If you will attend an auction , you will understand the mechanism of gas prices.
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(http://media.salemwebnetwork.com/TownHall/Car/a/PN092906.jpg)
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Well a buddy of mine bought some gas today at less than 2 dollars a gallon.
Will this reaqlly cement a Republican victory?
If so the Economy is stupid.
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U.S. gasoline prices dip to $2.20 a gallon
NEW YORK (Reuters) - The average cost of a gallon of gasoline in the United States fell in the past two weeks due to an oversupply of crude oil and in the near term, gasoline prices are expected to depend entirely on the price of crude, an industry analyst said on Sunday.
The national retail average for self-serve, regular gas was $2.2012 a gallon on October 20, down about 7.79 cents per gallon in the past two weeks, according to the nationwide Lundberg survey of about 6,000 gas stations.
This is the lowest average retail gasoline price for 2006 since prices hit $2.2407 on February 24. Gasoline prices have fallen 82.44 cents per gallon in the last 10 weeks after rising to an all time high of $3.0256 per gallon on August 11. Prices have fallen 45.75 cents from $2.6587 on October 21, 2005.
http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2006-10-22T193709Z_01_N22310040_RTRUKOC_0_US-ENERGY-GASOLINE-RETAIL.xml&src=rss&rpc=22