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(USA Today)   In what may be a devastating blow to the Romney campaign, gas prices are now expected to fall to $3 per gallon by autumn. Coming soon from the GOP: why paying less for gas means you want America to fail   (usatoday.com) divider line 279
    More: Spiffy, Mitt Romney, Nigel Gault, Oil Price Information Service, bright spot, West Texas Intermediate, gas prices  
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1749 clicks; posted to Politics » on 22 Jun 2012 at 3:11 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



279 Comments   (+0 »)
   
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2012-06-22 05:02:12 PM  
Yah Obama!
 
2012-06-22 05:02:55 PM  

Tumunga: Jackson Herring: Gas was $1.84/gallon when Obama took office.

Oh wow, people are still banging this unbelievably farking idiotic drum?

So, gas wasn't $1.84 when Fartbongo took office?


Do you happen to recall what else had started a few months prior and was still happening around that time?
 
2012-06-22 05:03:20 PM  

cretinbob: I crapped myself when I saw it was $3.50 today. I just paid $3.65 a couple of days ago.
Clearly this is all Obama's fault


That or a lack of fiber.
 
2012-06-22 05:05:32 PM  

3_Butt_Cheeks: Lower unemployment, wages that match inflationary growth and cost of living. I don't know about your odd hypothetical.


Are you suggesting things haven't been good for at least 30 years (based on your criteria)?
 
2012-06-22 05:07:08 PM  

qorkfiend: Tumunga: Jackson Herring: Gas was $1.84/gallon when Obama took office.

Oh wow, people are still banging this unbelievably farking idiotic drum?

So, gas wasn't $1.84 when Fartbongo took office?

Do you happen to recall what else had started a few months prior and was still happening around that time?


Fat Britney? Skinny jeans making a comeback? People watching American Idol???
 
2012-06-22 05:07:39 PM  

Jackson Herring: Gas was $1.84/gallon when Obama took office.

Oh wow, people are still banging this unbelievably farking idiotic drum?


The perfect GOP talking point isn't just one that's full of shiat, and it's not just one that they know is full of shiat. It's the one that everybody knows is full of shiat, but they use it anyway. It's that "even I don't believe the crap I'm saying" part that provides the twist to the knife they enjoy so much.
 
2012-06-22 05:08:16 PM  
To the economically challenged out there: gasoline sales are a leading economic indicator because most of us use gasoline to get around and make the economy move. A drop in gasoline prices due to a drop in demand IS a bad sign because it indicates a slowing economy. If the drop is based on increased supply then rock on, all is good.

So is this Saudi Oil dumping or a drop in demand? That's the quality that determines good or bad here.

Also, a rise in gas prices could be good or bad for the same reason. If it spikes due to demand that shows a growing world economy, but if he gets too high it risks pushing low wage earners out of the energy market due to high cost and a possible tipping point for an economic down turn.

So anyone can say that high gas prices are bad AND low gas prices are bad and not be hypocritical depending on the context of the price change.
 
2012-06-22 05:09:19 PM  

downpaymentblues: 3_Butt_Cheeks: Lower unemployment, wages that match inflationary growth and cost of living. I don't know about your odd hypothetical.

Are you suggesting things haven't been good for at least 30 years (based on your criteria)?


I was saying what I would like to see. So no. I don't think people would disagree they would like wages higher. MY criteria has little influence over the GDP of the country.
 
2012-06-22 05:11:43 PM  

Farker Soze: Amos Quito: Farker Soze: Amos Quito: Remember earlier this year when Israel was relentlessly threatening to attack Iran, and Iran responded by threatening to close the Strait of Hormuz?


[t0.gstatic.com image 219x230]


Recently, Israel has been strangely quiet regarding Iran:

[www.oilrenew.com image 244x250]


/Just a coincidence, of course
//A very expensive coincidence
///Very

Yep, it's all the Jews fault, again.


/cue that jpeg


[faculty.washington.edu image 200x231]


What, most Israelis aren't Jews?



Of course they are. Hence your immediate knee-jerk attack on the suggestion that Israel's policies and threats against Iran may have had any influence on oil prices.

But said threats and policies profoundly influenced the rise in oil prices earlier this year - costing Americans Billion$ at the pump, and in cost of living in general.


You lost me.


No, you lost yourself.
 
2012-06-22 05:13:54 PM  

Amos Quito: Farker Soze: Amos Quito: Farker Soze: Amos Quito: Remember earlier this year when Israel was relentlessly threatening to attack Iran, and Iran responded by threatening to close the Strait of Hormuz?


[t0.gstatic.com image 219x230]


Recently, Israel has been strangely quiet regarding Iran:

[www.oilrenew.com image 244x250]


/Just a coincidence, of course
//A very expensive coincidence
///Very

Yep, it's all the Jews fault, again.


/cue that jpeg


[faculty.washington.edu image 200x231]


What, most Israelis aren't Jews?


Of course they are. Hence your immediate knee-jerk attack on the suggestion that Israel's policies and threats against Iran may have had any influence on oil prices.

But said threats and policies profoundly influenced the rise in oil prices earlier this year - costing Americans Billion$ at the pump, and in cost of living in general.


You lost me.


No, you lost yourself.


Well, he had to blame SOMEBODY. Flip the coin and all that...
 
2012-06-22 05:17:00 PM  

FishyFred: Because that would be great news for urban planning and public transportation.


EL OH FARKING EL!

This country will never do that. Could be a grand a gallon one day, still wouldn't farking do it.

Our growth model is cancer. Take an old city, and you just strangle the farker until it chokes. Then you revivify its corpse and you strangle its undead cadaver until you're covered in bile. You get the same results in rural and suburban areas. Yeah, that township was originally planned for 50k citizens? Guess what, motherfarker, there's 5 million people living there now. On the same damn gridlocked roads.

The only thing this country hates more than reason is the ability to travel at a reliable clip from point to point. On a good day, you don't want to be on I-95 or Route 1 in my area during rush hour (or on a weekend during spring-summer months). On a bad day, fark your bad day. Our bad day was 9-11, and I know what happened on that day cause my dad worked at the Pentagon. He could have walked home. Just leave the damn car and walk home. Your life is cancer. Your hopes are cancer. Your presence is cancer. Face it already, you're cancer.

/i fuss and fume at every foreign plate
//florida? indiana? alaska??
///wtf are you people DOING here other than clogging up my commute?
 
2012-06-22 05:19:12 PM  

LouDobbsAwaaaay: Jackson Herring: Gas was $1.84/gallon when Obama took office.

Oh wow, people are still banging this unbelievably farking idiotic drum?

The perfect GOP talking point isn't just one that's full of shiat, and it's not just one that they know is full of shiat. It's the one that everybody knows is full of shiat, but they use it anyway. It's that "even I don't believe the crap I'm saying" part that provides the twist to the knife they enjoy so much.


The thing is that it has staying power because it has a grain of "truth" if you completely ignore like actual objective reality.
 
2012-06-22 05:19:40 PM  

Amos Quito: Of course they are. Hence your immediate knee-jerk attack on the suggestion that Israel's policies and threats against Iran may have had any influence on oil prices.

But said threats and policies profoundly influenced the rise in oil prices earlier this year - costing Americans Billion$ at the pump, and in cost of living in general.


So you agree, the Jews did it. What's the problem?
 
2012-06-22 05:21:04 PM  

LeoffDaGrate: Mike_LowELL: The Republicans have been saying since day one that gas prices are part of a complex market of speculation where the price of oil rises and falls based on many particular nuances and intricacies, and that the price of gas tends to generally remain constant worldwide, indicating that the president would have little impact on such things...

... until Obama got elected, then they changed their tune quite dramatically. Do you really need me to point out any of the hundreds of recent news reports that have both Conservative pundits and talking heads railing the President for high gas prices?


trolledsoftly.jpg
 
2012-06-22 05:24:44 PM  

Galloping Galoshes: globalwarmingpraiser: If it is below $3.00/gallon, Obama wins.

I had no idea that gas prices were the sole determinant of US elections. You must work for the Bureau of Pulling Statistics Out of Your Ass. And no, I won't shake your hand. Yech.


You're right. To forecast an election, it has to be on the day and you need three statisticals.

i301.photobucket.com

That guarantees accuracy.
 
2012-06-22 05:26:37 PM  

Mike_LowELL: The Republicans have been saying since day one that gas prices are part of a complex market of speculation where the price of oil rises and falls based on many particular nuances and intricacies, and that the price of gas tends to generally remain constant worldwide, indicating that the president would have little impact on such things. I'm holding this point of view unless the price of gas does not fall, at which point, quite honestly, I hope you guys realize the mistake you made when you voted in this gas-price-raising bum.


notsureifserious.jpg

When'd you change teams?

/maybe i should go heel
 
2012-06-22 05:27:37 PM  

Winning: They'll just say Obama had the ability to lower it all along but is only doing it now for political reasons.


My crazy aunt and uncle are already saying that.
 
2012-06-22 05:28:49 PM  

FishyFred: "Demand just isn't there," says Brian Milne of energy tracker Televent DTN, noting an Energy Department report that demand for fuel over the past four weeks has fallen 5% below year-ago levels. "It's been dreadful."

Now THAT is interesting. Is the suggestion that people just don't drive as much anymore? Or am I missing something? Because that would be great news for urban planning and public transportation.


Shipping goods and non-necessary travel is what varies. People still drive to work but if the economy sucks and there are less goods sold/moved/made/shipped. Recessions are deflationary.

All those evil speculators that bought gas futures when they thought the economy was recovering and Iran was a threat, are now selling that fuel in a down market.
 
2012-06-22 05:29:24 PM  

the biggest redneck here: Been under $3 in certain spots of NW VA for several weeks now.


Just drove past $2.79.
 
2012-06-22 05:29:51 PM  

what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.


I guess Paul Krugman has an IQ lower than room temperature.
 
2012-06-22 05:31:44 PM  
The idea that president have no control over gas prices is true. They can not control it. But they certainly can take actions that influence prices, like, oh, invading a major oil-producing country or just threatening to invade an oil producing country, can certainly have a negative effect on prices. And, if oil speculation is driving prices, threatening investigations, or releases from the oil reserves or changes in regulations can scare oil speculators out of the market and have a positive effect on gas prices. Right now, it appears that a lack of demand, a strengthened dollar and speculators spooked by Obama's attention have finally driven gas prices down to where they should be given the price of a barrel of crude.

/obvious
 
2012-06-22 05:32:02 PM  

Lando Lincoln: what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.

I swear I heard a blurb on the news a while ago that the Obama administration was going to look into the activities of oil speculators to see if they are doing anything illegal.

Lo and behold, gas prices started going down right after that. Odd.


I've got you favorited for a variety of reasons, but this one is wrong. It's not speculators.
 
2012-06-22 05:32:59 PM  

Sarsin: Garet Garrett: Gas was $1.84/gallon when Obama took office. So a 60% net increase is a win, because it had been higher at some earlier point in his Presidency? Ooookaaaay.....

Me, I just don't attach the price of gas to a President because it is farking stupid.


As someone pointed out, it was $4+ a gallon this time of year in 2008.

So it's good that no presidential candidate would oh sh** Mittens, shut your mouth before people figure out you're a moron and your political position's built on nothing but buzzwords...
 
2012-06-22 05:36:25 PM  
Meanwhile liberals who allegedly believe in things like addressing climate change and developing alternate energy crow about gas prices tanking.
 
MFK
2012-06-22 05:38:41 PM  
THANK YOU PRESIDENT OBAMA!

What? He only gets the the blame when prices go up?
 
2012-06-22 05:41:06 PM  

Ned Stark: Meanwhile liberals who allegedly believe in things like addressing climate change and developing alternate energy crow about gas prices tanking.


Look over there! Look over there! Don't ask me about my previous opinions! Look over there!
 
2012-06-22 05:45:27 PM  

what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.


Anyone with an IQ higher that room temperature knows there's a lot of factors that affect oil prices including speculators, demand, middle east war tensions and whatever the Sauds and OPEC feels like doing at any given moment.

Many Americans think the President of the US controls oil prices. You forget that the people on this board and boards like it exist in a bubble of being informed above the average level.

nicedeb.files.wordpress.com
 
2012-06-22 05:45:42 PM  

vygramul: Ned Stark: Meanwhile liberals who allegedly believe in things like addressing climate change and developing alternate energy crow about gas prices tanking.

Look over there! Look over there! Don't ask me about my previous opinions! Look over there!


Sorry champ, never been anything but glad about gas prices. Would have preferred a steep gas tax to market spikes, but hey, take what you can get.
 
2012-06-22 05:51:08 PM  
It's hilarious to watch conservatives preach the gospel of capitalism, then turn right around and act like gasoline is part of some command economy run by the president.

The scary part is that these brick-for-brains actually vote.
 
2012-06-22 05:56:00 PM  

Farker Soze: Amos Quito: Of course they are. Hence your immediate knee-jerk attack on the suggestion that Israel's policies and threats against Iran may have had any influence on oil prices.

But said threats and policies profoundly influenced the rise in oil prices earlier this year - costing Americans Billion$ at the pump, and in cost of living in general.


So you agree, the Jews did it. What's the problem?



So you think that all Jews = Israelis, and all Israelis = Jews?

You sound anti-Semitic.
 
2012-06-22 06:03:06 PM  
Hey, remember this? Link (Wonder if they're going to scrub this soon)

i106.photobucket.com
What now, whiny biatch? You gonna cry?
 
2012-06-22 06:05:21 PM  

FishyFred: "Demand just isn't there," says Brian Milne of energy tracker Televent DTN, noting an Energy Department report that demand for fuel over the past four weeks has fallen 5% below year-ago levels. "It's been dreadful."

Now THAT is interesting. Is the suggestion that people just don't drive as much anymore? Or am I missing something? Because that would be great news for urban planning and public transportation.


Unemployed people don't have to commute to work and don't tend to take long vacations in their car.

However, I actually think the main reason that demand is down is increased fuel efficiency in newer vehicles. Even non-hybrids have crazy good fuel economy these days, and hybrid sales are huge (and hybrids last forever-less wear and tear on the gas engine and brakes means less repairs).
 
2012-06-22 06:05:53 PM  
No matter how you slice it, a 63 cent drop in diesel prices in ten days is suspect. What is even stranger is the price is below regular gas around here for the first time since 2004.

I drive so little it doesn't make much difference, but I'll buy a couple pints to celebrate and plow the money back into the economy.
 
2012-06-22 06:06:52 PM  

Headso: unexplained bacon: The economy is the only reason this thing is anywhere near as close as it is IMO.

If republicans can continue to control the message that this is just your every day recession and we should have been out of it years ago they can get some votes for sure.


The only reason Republicans are so good at controlling the message is because their messages are about 4 words long on every issue. Most Americans can't seem to bring themselves to read beyond the headlines let alone entire articles. Like this excellent article that explains the problems with funding Social Security.
 
2012-06-22 06:09:17 PM  

dehehn: You forget that the people on this board and boards like it exist in a bubble of being informed above the average level.


This is the scariest thing I've read in years.
 
2012-06-22 06:11:18 PM  

vygramul: Lando Lincoln: what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.

I swear I heard a blurb on the news a while ago that the Obama administration was going to look into the activities of oil speculators to see if they are doing anything illegal.

Lo and behold, gas prices started going down right after that. Odd.

I've got you favorited for a variety of reasons, but this one is wrong. It's not speculators.


A 25% drop with no real change in production or demand isn't speculators?
 
2012-06-22 06:14:02 PM  

ghare: vygramul: Lando Lincoln: what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.

I swear I heard a blurb on the news a while ago that the Obama administration was going to look into the activities of oil speculators to see if they are doing anything illegal.

Lo and behold, gas prices started going down right after that. Odd.

I've got you favorited for a variety of reasons, but this one is wrong. It's not speculators.

A 25% drop with no real change in production or demand isn't speculators?


A futures contract is a bet about the future price. It has no, zero, nada direct effect on the spot price. And that's true no matter how many Joe Shmoes there are, that is, no matter how big the positions are.
 
2012-06-22 06:15:45 PM  

FishyFred: Aarontology: [grist.files.wordpress.com image 387x290]

[grist.files.wordpress.com image 590x443]

Are you farking kidding me? Christ.

At least nobody watches Fox Biz.

(Personally, I think a sharp, sustained rise in gas prices COULD be good if it spurs investment in wind and solar power. But that's a topic for another time.)


Stop being stupid.

Oil prices affect the cost of transportation. Oil prices do not affect the price of electricity production, because oil is almost never used in electricity generation in the continental United States, with the main exception of emergency back up generators powered by diesel. Electricity production in the continental United States is generated by (in approximate order) coal, natural gas, nuclear, hydroelectric, wind, biomass, and solar. Therefore, oil prices have almost nothing to do with the amount of wind or solar being installed in the continental US. (Now, if there was a large scale implementation of plug in vehicles, that could push up electricity demand, but that's unlikely in the near to medium term, and even then most of that new demand would be powered by natural gas or coal.)

Right now, natural gas prices are insanely low, due to a lot more domestic sources coming online due to new "fracking" technologies. This is pushing down demand for more wind and solar.
 
2012-06-22 06:21:27 PM  
Yeah, but imagine how low they'd be if Fartgonzo hadn't vetoed the Keystone pipeline.
 
2012-06-22 06:28:25 PM  

vygramul: ghare: vygramul: Lando Lincoln: what_now: You know, most people with an IQ higher than room temperature understand that oil prices are driven by oil speculators, and oil speculators, one would assume, would generally be Mitt Romney's base, so I doubt this very much.

I swear I heard a blurb on the news a while ago that the Obama administration was going to look into the activities of oil speculators to see if they are doing anything illegal.

Lo and behold, gas prices started going down right after that. Odd.

I've got you favorited for a variety of reasons, but this one is wrong. It's not speculators.

A 25% drop with no real change in production or demand isn't speculators?

A futures contract is a bet about the future price. It has no, zero, nada direct effect on the spot price. And that's true no matter how many Joe Shmoes there are, that is, no matter how big the positions are.


OK, for the sake of argument, I'll buy it. Wouldn't alleged problems in Europe and so forth theoretically cause a flight of capital to commodities and drive the prices up? Or, in other words: why, in the summer, when gas prices traditionally increase, with unrest in the mideast, aren't prices going up?
 
2012-06-22 06:33:57 PM  

vygramul: A futures contract is a bet about the future price. It has no, zero, nada direct effect on the spot price. And that's true no matter how many Joe Shmoes there are, that is, no matter how big the positions are.


Now convince the average American of that POV. Now laugh while they all vote for the party which implores your immediate summary execution.

/maybe it's not that bad
 
2012-06-22 06:40:10 PM  

ghare: OK, for the sake of argument, I'll buy it. Wouldn't alleged problems in Europe and so forth theoretically cause a flight of capital to commodities and drive the prices up? Or, in other words: why, in the summer, when gas prices traditionally increase, with unrest in the mideast, aren't prices going up?


I haven't looked at the various analyses to have an answer for you.
 
2012-06-22 06:43:41 PM  

casual disregard: vygramul: A futures contract is a bet about the future price. It has no, zero, nada direct effect on the spot price. And that's true no matter how many Joe Shmoes there are, that is, no matter how big the positions are.

Now convince the average American of that POV. Now laugh while they all vote for the party which implores your immediate summary execution.

/maybe it's not that bad


It's not possible to convince the average American that Jesus didn't ride dinosaurs, either.
 
2012-06-22 06:47:54 PM  
Newt was right. I'm writing him in this November.
 
2012-06-22 06:48:53 PM  

vygramul: It's not possible to convince the average American that Jesus didn't ride dinosaurs, either.


How can words be be when pictures happened to happen? Also carbon dating is a lie.

cdn.twentytwowords.com
 
2012-06-22 06:51:19 PM  

Jackpot777: Galloping Galoshes: globalwarmingpraiser: If it is below $3.00/gallon, Obama wins.

I had no idea that gas prices were the sole determinant of US elections. You must work for the Bureau of Pulling Statistics Out of Your Ass. And no, I won't shake your hand. Yech.

You're right. To forecast an election, it has to be on the day and you need three statisticals.

[i301.photobucket.com image 640x512]

That guarantees accuracy.


Who? "http://www.fark.com/users/GaryPDX" returns "no such user. Tastes like chicken"
 
2012-06-22 06:55:02 PM  
chose one:

good economy

cheap gas prices
 
2012-06-22 07:00:58 PM  

ChimpMitten: Winning: They'll just say Obama had the ability to lower it all along but is only doing it now for political reasons.

He is doing it so that people will buy inefficient cars and then he'll jack the price back up to spite them.


The same people think that Attorney General Holder, who was continuing an operation started by the Bush administration (Fast and Furious) designed to track the flow of guns from the united states (where we have a fetish for them like no where else on the planet) into Mexico (where they are much harder to get and where people don't want them as much). The people who set this up wanted to find out exactly where all the guns that were being used in the drug wars south of the border came from, and how they were getting down there.

These morans believe that the whole operation... set up by the Bush people and the last Attorney General... is designed to make people here feel more negatively about guns (oh look at the poor Mexicans killed by American guns!)... so that they would give up their guns with less resistance when Obama's jack booted DEA/FDA/NEA/OSHA/FBI/ATF/OMGWTFBBQ thugs come into your house and take them from your cold dead fingers as soon as he is REELECTED!1!!!1!!1!1!1!FW:FW:FW:FW:

Yup. 'tis true. Same morans.
 
2012-06-22 07:01:58 PM  

stoli n coke: Garet Garrett: Gas was $1.84/gallon when Obama took office. So a 60% net increase is a win, because it had been higher at some earlier point in his Presidency? Ooookaaaay.....

Gas was $4 a gallon at this point in 2008, and only dropped because of the near global financial collapse. But you knew that, right?


Seriously THIS. I remember very well how much the price dropped after Obama got elected/took office in 2008. It was over $4,00/gal in NJ by the time Bush GTFO. This is a great example of just how willfully ignorant and dishonest the GOP and their supporters are.
 
2012-06-22 07:03:02 PM  

StopLurkListen: Jackpot777: Galloping Galoshes: globalwarmingpraiser: If it is below $3.00/gallon, Obama wins.

I had no idea that gas prices were the sole determinant of US elections. You must work for the Bureau of Pulling Statistics Out of Your Ass. And no, I won't shake your hand. Yech.

You're right. To forecast an election, it has to be on the day and you need three statisticals.

[i301.photobucket.com image 640x512]

That guarantees accuracy.

Who? "http://www.fark.com/users/GaryPDX" returns "no such user. Tastes like chicken"


What, did that asshole finally get banned or cancel his account to make a new alt?
 
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