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Actually the oil futures market has ballooned from $60 billion to $260
billion in the past 7 years because of deregulation pushed by Republican Senators and Congressmen. It just took a little time for the chickens to start roosting and the droppings to pile up. -- Glenn Ashmore I'm building a 45' cutter in strip/composite. Watch my progress (or lack there of) at: http://www.rutuonline.com Shameless Commercial Division: http://www.spade-anchor-us.com "Mike" wrote in message ... Why have gas prices doubled since the Democrats took control of Congress and only went up 15% during the entire time the Republicans held Congress under Bush? If this trend continues and Democrats run the government, say goodbye to Stinkpot Cruisers. |
#2
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Don't forget the overall diminuation of U.S. "street cred" due to blundering
military adventures, crazy foreign policy, and an obvious mental defective in the top job. That translates directly into loss of confidence. The value of the dollar is largely based on that confidence. The dollar was the standard by which most other currencies were valued just eight years ago. Now the "gold standard" is the oil standard. As the world has shifted from dollars to oil as the basic economic unit, one has gotten cheaper and one has gotten more expensive. Guess how that looks from our end of the telescope. -- Roger Long |
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