Crude nears $80 and gasoline rises for third week

[clayinaustin]

Crude nears $80 and gasoline rises for third week

Rather than rising consumer demand or a tightening of supply, the falling U.S. dollar is most likely to blame.

People say that a weak dollar helps exports, but they fail to say that it makes import more expensive.

OK Liberals, tell me how you're gonna blame Bush for this one!

 

[Offshoredrillin]

they cant, just like they cant for the last one (sic shouldnt). that crap didnt start until late in 08, almost 2 years after the dems took over congress and we all started getting jacked.

 

[Boss252]

I thought the winter blends were cheaper so shouldn't the price be coming down?

 

[Tom A.]

Forecast for a cold winter = cost of oil going up!

 

[Ted]

Well, that's what happens when you have a Kenyan oil man in the White House......Sorry, just had a little spell of Bush Derangement Syndrome......

 

[Ratickle]

Well, that's what happens when you have a Kenyan oil man in the White House......Sorry, just had a little spell of Bush Derangement Syndrome......

He's gotta do something to help them. Oil is currently running second on their export list....

 

[fund razor]

Can't they just print more money?

 

[Sunsation96]

Can't they just print more money?

Nope the printer is broke and we have no money to pay the guy to fix it. This is so sad on how we get rapped every day by something I have seen gas creeping up for a few weeks and asked why? Could it be because the stock market is coming back around for a short time? after all we are seeing a jobless recovery:icon_bs:

 

[Chris]

The economy seems to be strengthening- mostly because people that stayed employed got tired of not spending money. They're driving more and demand is up. When they drive to a store and buy something, that stimulates other energy demand- shipping of the item to the store, etc.

That, and Goldman Sachs decided they didn't make enough on their last run-up and it was so easy they might as well do it again.

 

[VtSteve]

Crude nears $80 and gasoline rises for third week

Rather than rising consumer demand or a tightening of supply, the falling U.S. dollar is most likely to blame.

People say that a weak dollar helps exports, but they fail to say that it makes import more expensive.

OK Liberals, tell me how you're gonna blame Bush for this one!

Sorry, not a liberal here. But what you just outlined above, was, in fact, Bush policy, despite their statements of having a strong dollar policy. He was an advocate of letting the markets adjust currency values, not political intervention. I'm not entirely opposed to that.

The dollar will adjust accordingly when credit markets and perceptions get better. The combination of deficits and bad credit always impacts currency values in the short term.

As for $80 oil, that's pretty much within the target range. Yes, the dollar's value contributed to the rise in oil, despite down demand. But that's been true before this year.

 

[clayinaustin]

Sorry, not a liberal here. But what you just outlined above, was, in fact, Bush policy, despite their statements of having a strong dollar policy. He was an advocate of letting the markets adjust currency values, not political intervention. I'm not entirely opposed to that.

There may have been such a policy when Bush was in office, but he has been gone for nine months. Are you now telling me that Obama is continuing Bush's policy?

 

[Chris]

Change takes time. Obama has been busy giving the future of our children away to the Lib special interest groups a hundred-billion at a time. New economic and trade strategies will have to wait their turn until our currency printing presses are out of ink.

 

[OldSchool]

Diesel has gone up 25 cents a gallon in the last two weeks. P.ricks!!!:cuss::cuss::cuss:

 

[Chris]

That's a combination of the heating oil markets and the anticipation of the Christmas retail season... transporting goods.

There's an upside- you can always become "part of the problem". Liquidate everything and move all your assets into a petroleum futures fund. People love to complain about getting screwed. There's always room on board- if you've got the $$.

 

[phragle]

The perception that the economy is going up is because the stock market i going up... the stock market is going up because companies are reporting earnings (weak earnings at that). biut as the stock market usually does, it has it blinders on and is not noticing that all those companies reporting increased are not gaining them from sales, they are making money because they have made drastic cuts, mainly in laborforce. in a few months when those drastic cuts run out of unemployment benefits, default on mortgages and credit cards etc. i will greatly overshadow the people that still have jobs loosening their purse strings abit.

 

[Chris]

Yeah, but companies are now operating at greater efficiencies than they were a couple years ago. And that makes them more profitable, even on reduced gross revenues.

I actually like the occasional recession. It clears out the bottom-dwellers in my industry that look to underprice me and then under-deliver. That may not be true for all business segments, but it is for many.

 

[Chris]

By the way, the recession is ending for the only reason recessions ever end. The fear is subsiding and people are spending again- businesses and consumers. There were really no material changes to many of those businesses that had their stocks plummet by 50% or more last fall. Stock prices aren't a real reflection of value. They're set by a fluid market. And some days those markets stick their tails between their legs and run for cover.

 

[phragle]

True...but in some industries greater "efficiencies" have a negative outcome. In my industry... if your in it long enough you see a cyclic pattern repeat itself over and over.. start with a hospital with good staffing, bring in mgmt. to increase revenue, they start laying off people, people bgin to feel overworked and taken advantage of, the quality of care goes down, accidents happen more frequently, and word hits the street that hospital X sucks... now there is a change of management directed to improve quality of care, they start hiring like crazy, care levels increase accidents decrease the hospital gets a good reputation, new mgmt is brought in to increase profit.......... they never find middle ground.

 

[Chris]

Yes- I know. Wife is Director of Nursing at a big hospital. It's laughable- they beat on her for cost reductions, then beat on her when their 3rd party patient satisfaction Q is down.

 

[Ratickle]

Yeah, but companies are now operating at greater efficiencies than they were a couple years ago. And that makes them more profitable, even on reduced gross revenues.

I actually like the occasional recession. It clears out the bottom-dwellers in my industry that look to underprice me and then under-deliver. That may not be true for all business segments, but it is for many.

Unless you're in banking, investments, or build cars. Then the socialist government steps in and supports your competitors so they come out ahead of you....:boxing_smiley: