UMD Libertarians

the euro tooks its biggest plunge today in 8 years and oil is down to $116

all this is bad news for the tire inflation guy
By OT’s logic this means that Europe will disintegrate.

sounds like a plan, especially those French fags

you get $.10 more to your dollar now
good, hopefully it will still be down in november while i’m in ireland

That’s where my paycheck comes from
I don’t see why people made such a big deal about him telling people to inflate their tires. The point is that instead of whining for cheap oil only, people need to start doing the little things and taking responsibility to maximize their mileage.

You get paid by French homosexuals?

More like 2 cents.
Thank god

My long positions on the dollar are slowly starting to pay off

Because they’re idiots, that’s why.

The comment made perfect sense.

america…

one of the main reasons for high gas prices was the falling dollar. as that strengthens gas prices could fall sharply. the euro has gone from 1.60 to 1.50 in the past 3 weeks, a pretty big drop
conservation AND increasing output >>>> either solution by itself
so i guess we can thank the democratic congress for this economic turnaround since everyone was blaming them 2 weeks ago?

except he said inflating tires would be the equivalent of all new offshore drilling which is about as dumb a comment as possible from anyone

Nancy Pelosi ftl, I hope she gets teh aids

orly

Time magazine, a right wing publication

try actually reading the article dipshit

and Time is not exactly known to lean one way or the other

Show me exactly where anything he said is wrong before you start crying "bias" which doesn’t exist.

Please.

the truth has a well known liberal bias

how long will you be there ?

hi thar colbert
this always happens to democrat candidates. just like the "wanna buy some trees" thing in the 2004 debates. facts are never as good as a well placed jab, people don’t want facts and figures they want one-liners.

McCain is an example of why we still don’t have a good energy policy- everybody is waiting for the one single cure all- fusion power, a car that runs on water, etc. Its just not going to happen in our lifetimes. We need to do all of the little things- CFL bulbs, inflated tires, solar power, wind power, more nuclear power, smaller cars, bio fuels, domestic drilling, etc etc etc.

not really, since there currently is no shortage of oil- supply more than meets demand, so what is more going to do?

since oil is purchased in futures by speculators, the possibility of a new influx of supply from domestic sources would cause a drop in prices almost immediately, look at what happened when the president decided to drop the moratorium, the price came down $20 almost the very next day.

somebody failed their intro to economics class
We really really really don’t want to call the presumptive Republican candidate an idiot, we really really want to maintain a pretense of being fair and balanced, of us reporting and you deciding. But it is sooo hard when McCain says things like this. Admittedly he is talking to a biker rally, and preaching to the motorhead crowd, but it is too much. He is also not telling the truth about what Obama has said, and is completely wrong about the effectiveness of proper tire inflation.
He says “My opponent doesn’t want to drill. He doesn’t want nuclear power. He wants you to inflate your tires.” But you really have to watch it.
In fact, according to the of BMW, Chrysler, Ford, GM, Mazda, Mercedez Benz, Mitsubishi, Porsche, Toyota, and Volkswagen,

• The Department of Energy estimates that 1.2 billion gallons of fuel were wasted in 2005 as a result of driving on under-inflated tires.
• Fuel efficiency is reduced by 1% for every 3 PSI that tires are under-inflated.
• Proper tire inflation can save the equivalent of about 1 tank of gas per year.
• Proper tire inflation also reduces CO2 emissions.
• Experts estimate that 25% of automobiles are running on tires with lower than recommended pressure, because people don’t know how to check their tires or don’t realize that tires naturally lose air over time. via

cool, so if i’m so retarded, explain high gas prices- and don’t use the word speculators in your answer.
The Euro has been overvalued for some time now, this was bound to happen eventually. I expect to the Euro to fall much more.
is there a ticker for oil that I can put on my phone?

the value of the dollar

profiteering oil companies
Hell yeah, America back on the rise Lets go kick some ass
What a classic OT Financial Gong show

The dollar is not getting stronger… the euro is getting weaker there’s a difference.

And in the spirit of "blame the unseen oil speculators"….. Why is nobody talking about it when the price is falling?

No, on a macroscale there really isn’t.

Nice try though
Also I’m thanking the speculators right now for finally waking up and realizing that $4/gallon gas is unsustainable.

They drove the price through the roof, now they’re backing off. It’s not at all complicated.

because they are afraid of legislation

Meh, closing the Enron loophole would only do so much. Banning futures speculation as a whole would be retarded.

There is no difference in outcome yes… but there is a difference in the factors driving the change…

So two weeks ago it was those evil speculators making all that money… now its those benevolent speculators giving us a break??

Newsflash, they were always trying to make money, and speculation was only one part of what drove oil as high as it was. And those same speculators are having their lunches eaten during this decline if they are trying to keep prices unnaturally high (why again would they do that?)
Newsflash - This has way more to do with the easing tensions in Iran (we sent a diplomat there a couple weeks back, remember) than anything else.

War with Iran = $200/bbl
oil’s gonna go to $50 a barrel to bankrupt the middle east

$1.49/gal gas

hold on, i’m going to go inflate my tires and save the world, brb

And look at nymex crude future? Thanks brah

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