Deficit widens as oil prices hit record »
Posted By STONERS 1 year, 8 months ago in Business & FinanceThe United States' trade deficit grew larger in January as imports including crude-oil prices zoomed to all-time highs.
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STONERS1 year, 8 months ago
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"The trade gap widened even as exports of U.S.-made goods and services totaled a record high of $148.2 billion in January. The declining value of the U.S. dollar, relative to other currencies such as the euro, is helping to make U.S.-made goods cheaper and thus more attractive to foreign buyers."
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libsRfunnyComment removed: Hard Banned4 Replies
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palamaComment removed: Retracted by user
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quackpot1 year, 8 months ago
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The price of gas, when adjusted for inflation, was nearly constant for about 20 years (since mid 80s) but nearly doubled in the last four years.
Is all hopeless? maybe not. In the late 70s early 80s the price rapidly increased, but then decreased as OPEC calmed down.
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HannibalBarca1 year, 8 months ago
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Now this is weird...the price of oil on 9/11 was around $28/Bbl, now almost 4 times as much, the oil companies made somewhere near $150 Bill profit last year, the war industry has had a 20%-25% profit margin ever since 9/11 and who does the WH send to see if this oil price gouging can be stopped???
dickless cheney?????Now there is intelligence at is finest
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JohnQPublicComment removed: Retracted by user7 Replies
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Bruedaddy1 year, 8 months ago
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geez, y'know I get so tired of that.
So we could potentially have a president that can actually speak in coherent sentences and all you people do is defend the idiot and put the smart one down....
shows your lack of .....well anything. intell, smarts whatever you wanna call it.
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DPittman1 year, 8 months ago
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Actually this is what happens when you have a bunch of uneducated Americans that don't know the difference between profit and a profit margin screaming "we are paying to much for gasoline" and then they turn around and yell "well we can't drill for oil in Alaska! We might displace a bear or two!" Get a grip people the oil companies are making record profits because American are using a record amount of fuel and yet for some reason they are determined to have to rely on other countries to get it.
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dorahors1 year, 8 months ago
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who heard about price-cutting?
here in news watch: http://video-info.info/news/oil_prices
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Cityslicker1 year, 8 months ago
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No duh !
And we need a Propeller story to tell us this .
Stories like are meant to inflame and blind people to the fact that they are getting screwed .
We print it , they vent about it , we are safe .
And any moron that thinks this is good for the society is just as stated , either must be a Environmentalist or Big Oil P.R. person .
Causing sorrow and heart ache , by not knowing where the next meal is coming from because of the steady rise in prices , oh yeah good economics .
Hybrid cars contain more toxic waste , means more toxic waste to dispose of , but no place to put it , oh yeah good for the environment .
Well thought out as usual !
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quackpot1 year, 8 months ago
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On the other hand, publicity of high gas prices (and the prices themselves) contributes to a more rational use of the resource.
For example, the size of cars that people drive, how near to work they choose to live, how much pleasure driving that they do, the choice of investing in energy-saving windows and better insulation in the home, the temperatures to which people air condition in the summer.
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joeblowe1 year, 8 months ago
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The Hanyman has a point - however, you should all be prepared for a bigger PERSONAL deficit as well. The problem isn't so much with gasoline. Sure, we can all drive hybrids, take a bus, walk, etc. - the problem is TRUCKS, AIRPLANES, SHIPS, TRAINS - that use DIESEL fuel and MUST operate to keep the country fed and supplied. There is not that much that can be done about the DEMAND for Diesel. Certainly not short term. Around here, diesel is now selling at about $ 4.15 per gallon. And at 5 to 7 MPG that adds up QUICK. The added cost is GOING to be tacked on to everything you buy that was ever in a truck or on a train or ship. And that, my friends, is damn near EVERYTHING.
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JohnQPublicComment removed: Retracted by user
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coolrayfruge1 year, 8 months ago
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We live a some what Communist society already.
Our lives controled by money.
Controled by Big Business and the government.
They control everything including what rights you have.
We gave up our freedom long time ago.
Capitalism is no more about freedom than Communism.
People who say this government is about freedom are Fool's.
We are slowly losing our rights at home by the same one's who are telling us were fighting for it over seas.
They are setting up a new society and it doesn't include Freedom and liberty in their plans.
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vanpersiezx1 year, 6 months ago
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The declining value of the U.S. dollar, relative to other currencies such as the euro, is helping to make U.S.-made goods cheaper and thus more attractive to foreign buyers.that use DIESEL fuel and MUST operate to keep the country fed and supplied. There is not that much that can be done about the DEMAND for Diesel. Certainly not short term. Around here, diesel is now selling at about $ 4.15 per gallon. And at 5 to 7 MPG that adds up QUICK. http://forwardblog.info
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