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Politics : Formerly About Advanced Micro Devices
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To: puborectalis who wrote (647142)3/7/2012 2:51:55 AM
From: Tenchusatsu1 Recommendation  Read Replies (2) of 1580595
 
Pub, > it is the speculators not supply/demand.....it happened the last time oil went to 150 bucks a gallon.

First of all, oil was never $150/gallon. Nor was it ever $150/barrel.

Second, you can't have speculation without supply and demand. That's just a basic truth.

And third, even if you want to blame speculators, what's Obama going to do about it, other than using them as an excuse for inaction and nagging people about the "evils" of oil?

That's all Obama and other liberals really want to do. Use the opportunity to tell Americans to "end their addiction to oil." This while they fly around in their jets and drive around in their gas-guzzling motorcades.

Obama better pray for a miracle in Iran, or else he'll be a one-term president. Unless of course his Republican opponent turns out to be dumber than John F'n Kerry.

Tenchusatsu
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