On Gas Prices
One friend named Keith had this to say:
A friend named Joshua responded:
Well, here's the thing. The collapse in the price of gas probably *was* related to the impending recession. And a lot of the price recovery has come about because demand for oil is up again. (Look at the Industrial Production numbers.) But the price is where it is now in part because the administration has done more or less everything in its power to stifle production.Then someone named Prognosticator Pete made a prediction:
Obama's plan for the second term is to continue to dampen economic growth so we can get those gas prices back down. Makes sense to me. And he can further stifle energy exploration, which will raise gas prices, which will dampen the economy, which will lower gas prices. So.....I see gas prices stabilizing at about $4.00 to $5.00 a gallon.....to go with the stabilized unemployment at 8%, and the stabilized housing prices and growth at 0%, and the stabilized GDP growth at 1% and the stabilized deficit at $1 trillion per year....and.....grid lock in Congress.And another named Progressive Pete put forward an opinion.
It's nice to have a stable future upon which to plan, don't you think? I mean, isn't that what all those business tycoons and conservative pundits complain about - an uncertain future? Well, now we've got some certainty. Why mess that up? Reelect the President and let's move FORWARD.Finally, a somewhat agitated Petroleum Pete (who was later un-friended) posted this:
Both of you Pete's are frac'n idiots!.......What you just described is this: