Reply to thread

Message

<blockquote data-quote="The Other Side" data-source="post: 851789" data-attributes="member: 17969">Re: ObamanomicsHow would it come back to haunt him?&nbsp; The price of fuel will be resting neart 2.99 by september, in all the time inbetween, americans will benefit from the lower prices.By september, libya should be back online and OPEC will be forced to produce more oil by increasing production.&nbsp; Market manipulation is a game that can be played by both sides.&nbsp; You just dont like it when the oil companies come out on the losing end.There is plenty of oil in the strategic reserves and NOBODY needs to get there panties in a bunch over the release.Obama gave plenty of warning 2 months ago after the oil industry recorded the highest profits in a single qtr.&nbsp; The reduction of prices wasnt fast enough and the economy was paying the price along with middle class americans.With oil crashing on the world markets today,&nbsp; this sends a message to the oil industry that they better shape up or there will be more to follow.You can thank Ronald Reagan for lifting the &quot;price controls&quot; on big oil during his term because he felt it would be good for the american public to have the free market dictate oil prices.&nbsp; HOW DID THAT WORK OUT FOR YA?So far, under every republican president since, the american public has been screwed by OIL PRICES.&nbsp; Under both democrats in between, oil has lost and americans win.&nbsp; I as an american, appreciate when my president looks after MY best interests.Thank you Mr. President.PAX.</blockquote>

[QUOTE="The Other Side, post: 851789, member: 17969"] [b]Re: Obamanomics[/b] How would it come back to haunt him? The price of fuel will be resting neart 2.99 by september, in all the time inbetween, americans will benefit from the lower prices. By september, libya should be back online and OPEC will be forced to produce more oil by increasing production. Market manipulation is a game that can be played by both sides. You just dont like it when the oil companies come out on the losing end. There is plenty of oil in the strategic reserves and NOBODY needs to get there panties in a bunch over the release. Obama gave plenty of warning 2 months ago after the oil industry recorded the highest profits in a single qtr. The reduction of prices wasnt fast enough and the economy was paying the price along with middle class americans. With oil crashing on the world markets today, this sends a message to the oil industry that they better shape up or there will be more to follow. You can thank Ronald Reagan for lifting the "price controls" on big oil during his term because he felt it would be good for the american public to have the free market dictate oil prices. HOW DID THAT WORK OUT FOR YA? So far, under every republican president since, the american public has been screwed by OIL PRICES. Under both democrats in between, oil has lost and americans win. I as an american, appreciate when my president looks after MY best interests. Thank you Mr. President. PAX. [/QUOTE]

Verification