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Posted by: engineer 1 year, 6 months ago

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    engineer1 year, 6 months ago

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    This is a real great post. If we didn't get the world so upset, gas would be $1.50 per gallon!!!

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      populist1 year, 6 months ago

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      a couple of years ago, I gave up driving when gas hit $1.88 a few years ago.... "I'm not paying THAT much!"

      Friends sure did laugh at the idea back then...

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        Charlson1 year, 6 months ago

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        How'd you accomplish that? Walking, riding a bike or commuting isn't practical for me to get to work.

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          populist1 year, 6 months ago

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          I'm lucky enough to be in a city where I can get away with biking, walking, taking a train, etc, etc. I'll still get in a car from time to time, but it's rare.

          And it's saving me plenty. I'll consider myself fortunate.

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            dandt16121 year, 6 months ago

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            You are very fortunate. Good for you!!

            We have decided not to buy a place in the country and stay in town near the job. With everything going up it seems to be the smarter choice now.

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        DropkickaLib1 year, 6 months ago

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        Actually, China and India would still be substantially increasing their purchases of oil and food on the world market so the war is not the only, maybe not even the most important factor in prices, since there are other demand factors.

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          populist1 year, 6 months ago

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          like - the federal reserve and US monetary policy - printing, borrowing, and overspending - driving down the value of the dollar?

          maybe.

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            DropkickaLib1 year, 6 months ago

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            Spending is part of fiscal, not monetary policy. The Federal Reserve has no part in it. Very little of the money supply actually exists in the form of printed money in any case.

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              populist1 year, 6 months ago

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              you're right, spending is fiscal policy. So yes, both fiscal and monetary policy are totally off base and need to be reformed.

              By printing, I mean the creation of new money - whether it's done by computer entiries and an artificially low interest rate or by physically printing money (which is rare), doesn't matter. the end result is the same.

              This government has been destroying the value of the US dollar for a long, long time.

              Too large of an M3 money supply, and too much borrowing/spending can only lead to ruin.

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            MRCOFFEECAKE1 year, 6 months ago

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            Yeah sure.

            and when one oil freighter was grounded the prices increased

            20% worldwide in the early 80's (from .78 to nearly $1.00

            for several months)..One hurricane sent oil prices up 50% (from $2.20n to $3.50 in 3005, but during election months

            (in Oct. 2002, ($1.75 to $1.45) 2004 ($2.00 to $1.65) and 2006 ( $2.65 to $2.00) they can drop 20%?????..You must be an idiot, or a spokesperson for those devils!

            Those poor stressed out oil companies.

            They are more evil than tobacco executives.

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              Leemck021 year, 6 months ago

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              Drop, I would add that the stability of the dollar is a major factor. Would China and India convert their currency to Euro or the Greenback to make the purchase? That is a double whammy.

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              MRCOFFEECAKE1 year, 6 months ago

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              Look who voted to sink this story.

              What a list of war mongers who still don't get it.

              So much for supporting American ingenuity or even thinking the horrible thought of mankind becoming more civil.

              More of the same?? How original. How pro-death and destruction. How blind.

              How pro-pollution. How pro-oil company of them!!

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                fourthtunz1 year, 6 months ago

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                MRcoffeecake, too many people are still living like it's the 50's and believing everything our government and media tell us is true.

                They find it hard to believe that our government was taken over a long time ago by special interests. Eisenhower warned us at the end of his term that we should beware undo influence by the special interests and the Military industrial complex.

                Unfortunately his warning was at least 50 years too late.

                Wilson at the end of his term bemoaned what he had allowed, letting the bankers take ahold of our country through the federal reserve, which is not federal by the way.

                Instead of relying on pundits, it is time for americans to start doing their own critical thinking.

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                mark-stevens1 year, 6 months ago

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                I saw a retired CIA operative on late night news... 20 years Middle East assignment. Al-queda for 20 years has been working towards $300 a barrel. A bullet to the head of the American economy.

                The oil companies profit is at 7%. Whats your credit card or bank loan interest??

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