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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (139109)10/17/2013 11:53:16 AM
From: Wharf Rat  Read Replies (2) | Respond to of 149317
 
"Who'd have thought that Obama and the consolidation of the news media into just 5 corporate entities would have destroyed our access to quality journalism and Freedom of Speech?"

Rupert Murdoch.



To: RetiredNow who wrote (139109)10/17/2013 1:37:17 PM
From: LLCF  Read Replies (1) | Respond to of 149317
 
Agreed..... and yea, I don't have a TV any more... I'll go for a beer if the right game is on-lol. Krugman is a chump as are these other Keynsian Klownz that lurk around calling for stimulus. Sadly the fools claiming that cutting taxes on the top 1% is the ticket are also fools that drank that flavour of cool aid. What was true when rates were 70% or higher isn't necessarily true when they are 15%.... or when labour is being outsourced en mass. It's not a matter of some dogmatic theory... it's a matter of common sense, and telling the truth.

DAK



To: RetiredNow who wrote (139109)10/23/2013 2:53:25 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
Crude's pain is consumer's gain: Gas hits 2013 low

By Sharon Epperson | CNBC – 3 hours ago

Gasoline prices are falling fast as oil prices plummet.

RBOB gasoline futures (: @1RB13Z) - which are traded on the New York Mercantile Exchange - plunged to $2.57 a gallon Wednesday morning, the lowest price since November 2012. Gasoline futures, which have slid 5 percent in the past week alone, have an even greater impact on prices at the pump than crude oil prices.

"It's fourth quarter demand. There's always less demand for gasoline at the end of the year and that's what you're seeing. Plus there's plenty of supply of gasoline -- and oil," said trader Anthony Grisanti of GRZ Energy and a CNBC contributor.

(Read more: Stocks are slumping, but not for the reason you think)

Oil prices have also been declining rapidly. The benchmark U.S. oil price is at the lowest level since July. West Texas Intermediate (: @WTCL13Z-GB)crude futures hit a session low of $96.16 a barrel, sinking 4 percent in 3 days.

U.S. crude oil inventories have risen sharply since October 4 as refineries have slowed processing, due to seasonal maintenance operations and domestic oil production that continues to rise. Meanwhile total demand for oil and refined products has dropped to the lowest level since June.

It's good news for consumers. The national average for retail gasoline is $3.34 a gallon, down 4 percent or 13 cents from a month ago, according to AAA. In 10 states, prices are below $3.25 a gallon on average - and many drivers in Oklahoma, Missouri and Texas are paying less than $3 a gallon, according to GasBuddy.com.

(Read more: Gasoline will get cheaper this winter: Pro)

"Drivers in nearly half the country could soon find gasoline prices at the pump below $3 a gallon," says Tom Kloza, chief oil analyst at GasBuddy.com. "This is the other shoe dropping. Since September, we saw gasoline prices lose ground even though oil prices were congesting. Now that crude oil prices are dropping, we could soon see retail gasoline prices at the lowest prices since the Arab spring in February 2011 -- below $3.20 a gallon for the national average."

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