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First recorded activity by BoatBanter: Jul 2006
Posts: 329
Default Gas prices have doubled

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.



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First recorded activity by BoatBanter: Jun 2007
Posts: 739
Default Gas prices have doubled

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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