rsewill
Veteran Member
2manyrocks said:
Unless Congress raises taxes. Or the economy booms.
I'm getting SO SICK of gas prices and car taxes!
- Thread starter RollingsFarms
- Start date
- Views: 25621
Unless Congress raises taxes. Or the economy booms.
rsewill
Veteran Member
RollingsFarms said:
If only King George and Queen Laura had continued to run the economy it wouldn't have gone off a cliff. Oh, wait, it happened while they were reining.
Ken
Veteran Member
Pres. Jimmy Carter Mid night summer dream. Shut down Natural Gas lines. Stopped power plants from gerneating power and Copper smelters had to chainge to crude oil for there furnaces.
I have never heard why it happened So Tell us .Other than in Calif. breathing causes cancer.
ken
Loudo
Silver Member
No mate I don't think so, We in Oz have Queen Ju-liar and her incompetents instead. Also soon we are to have her B......y carbon tax as well. Loudo.
ccride
Member
- Joined
- Feb 26, 2012
- Messages
- 32
- Location
- North Texas
- Tractor
- Cub Cadet 7235, Cub Cadet 1782, Kubota ZD321
More like 40 years. We let OPEC get away with shafting us in '73 on oil prices, then again in '79, and I forget how many times since. We supposedly don't allow cartels but for some reason always turned a blind eye to this one. Now our own oil companies have seen OPEC get away with it for so long that they are now just as bad, and even in cahoots with them.
Redneck in training
Elite Member
Australia has the highest standard of living on the world by many measures. There is no question about that. I can see it first hand. I currently work there.
To blame it all on Obama is easy but the state we are in didn't happen over night. It happened over past thirty years or so. The problem is congress not the president. In fact both Canada and Australia have universal health care for everyone from crib to grave. It puts much less burden on companies and make them more competitive. As I see it the health care cost to my employer is greater burden than taxes. We as employees pay greater share every year and the quality of the care is getting worse and more limited. We get less for our money. I usually voted republican in the past but I changed my mind only due to the resistance to universal health care. The care we have benefits no one but the insurance providers.
varmint
Elite Member
- Joined
- Mar 17, 2003
- Messages
- 2,572
- Location
- Northern Maryland
- Tractor
- Kubota B8200, then a Kubota L3130 HST, now a Kubota L3400 HST
I get messages from a Maryland politician, who's a pretty right wing conservative, just so I can see what other people are thinking. I guess I would be labelled a middle-roader liberal, but I have conservative tendancies about some things as I get older. Anyway, he posted the following observation this morning, and I thought it was highly relevant to the ongoing discussion:
In 2000, Congress de-regulated the futures market, allowing complicated derivatives and electronic trading that resulted in a "speculator's paradise". Oil supplies are greater today than they were three years ago and the demand for oil is lower today than it was in 1997. Dan Gilligan, the President of the Petroleum Marketers Association, told reporter Steve Cross on 60 Minutes, "Federal regulators don't have access to data and they don't know who holds what position on oil price speculation."
Professor of Economics James Hamilton at the University of California notes that 10 of the last 11 U.S. recessions were preceded by a run-up in oil process. The current gas prices could be a warning of another dip in the economy.
The CEO of Exxon admitted in 2011 that speculation engineered by hedge funds drove prices over $100 per barrel while supply and demand economics could only justify $60 per barrel. A catalyst for the September, 2008 financial crisis was the increase in oil prices by nearly one trillion dollars. This money transferred from the family budget of Americans into the vaults of OPEC Islamic countries that subscribe to" Sharia Compliance Finance" while using those funds to conduct economic warfare against the United States.
Speculation on oil is called "paper oil" and many believe it is about 40% of the price that we pay at the pump. Speculation investments increased from 13 billion to 300 billion in the five years leading up to the 2008 peak price. Twenty barrels were being traded as "paper oil" for financial gain for every one barrel naturally being consumed by the American public. In another words at $100 a barrel, the real value was $60 or $2.50 a gallon compared to $4.00 at the pump.
Today, speculators control more than 80% of the energy futures market - a figure that has more than doubled in 10 years.
The President, Congress and enforcement agencies have stood silent while the American people have become targets of economic warfare. These attacks are both foreign and domestic. Recently, the President has targeted speculation and promised to do something about it. We the people and the American economy are still waiting for results.
*Please note: Much of the information contained in this letter is from the book, Secret Weapon, by Kevin Freeman.
In 2000, Congress de-regulated the futures market, allowing complicated derivatives and electronic trading that resulted in a "speculator's paradise". Oil supplies are greater today than they were three years ago and the demand for oil is lower today than it was in 1997. Dan Gilligan, the President of the Petroleum Marketers Association, told reporter Steve Cross on 60 Minutes, "Federal regulators don't have access to data and they don't know who holds what position on oil price speculation."
Professor of Economics James Hamilton at the University of California notes that 10 of the last 11 U.S. recessions were preceded by a run-up in oil process. The current gas prices could be a warning of another dip in the economy.
The CEO of Exxon admitted in 2011 that speculation engineered by hedge funds drove prices over $100 per barrel while supply and demand economics could only justify $60 per barrel. A catalyst for the September, 2008 financial crisis was the increase in oil prices by nearly one trillion dollars. This money transferred from the family budget of Americans into the vaults of OPEC Islamic countries that subscribe to" Sharia Compliance Finance" while using those funds to conduct economic warfare against the United States.
Speculation on oil is called "paper oil" and many believe it is about 40% of the price that we pay at the pump. Speculation investments increased from 13 billion to 300 billion in the five years leading up to the 2008 peak price. Twenty barrels were being traded as "paper oil" for financial gain for every one barrel naturally being consumed by the American public. In another words at $100 a barrel, the real value was $60 or $2.50 a gallon compared to $4.00 at the pump.
Today, speculators control more than 80% of the energy futures market - a figure that has more than doubled in 10 years.
The President, Congress and enforcement agencies have stood silent while the American people have become targets of economic warfare. These attacks are both foreign and domestic. Recently, the President has targeted speculation and promised to do something about it. We the people and the American economy are still waiting for results.
*Please note: Much of the information contained in this letter is from the book, Secret Weapon, by Kevin Freeman.
LazySusanFarms
Silver Member
Much of Australia's future is tied directly to China. Should China ever slow down in terms of economic growth then Australia will surely be the first to feel it.
cdaigle430
Veteran Member
Are you including tax on the food you purchase, bills you pay like cell and cable, gas tax you pay, any tools, grease, I mean everything you buy? It is not less than three months and we do not get what we put in in return.
Oh well, I guess this is the reason why America is the way it is-Ignorance is bliss.
So now people think that our government is royalty.
cdaigle430
Veteran Member
Thats two ignorant posts\comments so far-wake up. Gas prices for your vehicle are only a part of the picture, the price of oil affects everything from plastic to food, medicine and even your electric bill.
inflation and econmy is based on oil costs and thats why everyone should be concerned about the high prices. Even if you dont own a car it is affecting you.
Your theories are BS, what are you going to do stop living?
Here is a small list of what high oil prices affect;
Areas and Products Affected by High Oil Prices