JoeSpareBedroom wrote:
"Canuck57" wrote in message
news:EzEZi.200735$1y4.155047@pd7urf2no...
"JoeSpareBedroom" wrote in message
...
"Tim" wrote in message
ps.com...
On Nov 10, 9:49 pm, " JimH" ask wrote:
"HK" wrote in message

. ..

JimH wrote:
"HK" wrote in message
. ..
...gasoline was $1.46 a gallon.
And the highest gasoline prices were under the leadership of Carter.
And your point is?
Just another data point with which to bury Republicans next year.
Explain how the "Republicans" caused the increase in gasoline prices.

Why would gasoline prices be different today if a Democrat were in
office?
Well I'm not worried about it. Pres. Hillary Obama will get it right
back down to a "buck forty-nine" in just six months, and will have
exec. reps on a rope just like a stringer fll of blue gills.
Nobody will get the price down until we eliminate oil speculation by
investors who have absolutely no connection with the oil business.
Most of the increases in gasoline prices for the last year are due to the
devaluation of the greenback, not in any real way has the value of a
barrel of oil changed.

It is opposite thinking from what politicians preach. A paper currency is
just like stock. It goes up when people want it, and down when people
don't want it. Just like commodities, currency fluxuates in value.

If the US fed raised interest rates and tightened up the money supply the
dollar would have more value. Does not congress work with the Fed on such
maters?

Combine this with sub-prime mortgages and asset backed paper liquidity
problems....

It is more accurate to think of the barrel of oil value being constant and
the currency has lost value. If you had 100% of your investments in a
stable currency last year, they would have gone up 20% against the USD not
including interest.

Blame government monetary policy.


All true, but I stand by my original comment. Oil is one commodity which
should be untouchable by recreational speculators. I'm talking illegal, go
to jail, that sort of thing. You know I'm right.

Why should oil be off limits to "recreational" speculators? A commodity
is a commodity and should be treated as such regardless of who is
speculating. Those "recreational" speculators can and do become the
institutional speculators of the future.