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Offline gypsyman

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Democrats and the oil cut
« on: December 17, 2008, 10:50:46 AM »
Well, we're going to find out here in the next month or so, just how bad the incoming Teflon Don,(my new nickname for Obama), and the Democrats in Congress want to screw up the economy. OPEC is cutting the production of oil by over 2.2 million barrels, to try and shore up the price.(it actually went under $40/barrel today,briefly) My guess is, they'll recend the bill to start up offshore drilling, add between .50 to $1 a gallon more tax. Hey, what better way to start generating money for all these bailouts. We'rnt we paying close to $4/gallon just last summer. Around here gas is $1.65 to $1.75/gallon. Put $1 on it for federal bailout money, and it's still under $3. They'll consider it a bargain for us. gypsyman
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We keep trying peace, it usually doesn't work!!Remember(12/7/41)(9/11/01) gypsyman

Offline Troyboy

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Re: Democrats and the oil cut
« Reply #1 on: December 17, 2008, 12:06:43 PM »

Well the price is gonna go up no matter who is in control. Your thinking has lots of merit
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Offline Hooker

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Re: Democrats and the oil cut
« Reply #2 on: December 17, 2008, 12:35:30 PM »
Higher taxes are never a good idea, they will only stifle the economy more. We would be better off by keeping more dollars in the pockets of the people and out the government's hands. As much as I dislike price regulation, it would be much better than a higher tax. And it might just kick start the economy.

Pat
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Offline BBF

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Re: Democrats and the oil cut
« Reply #3 on: December 18, 2008, 08:42:14 AM »
Wehaven't heard anything about drilling for some time, I presume that will change again, without action, when the oil prices climb like the space shuttle.
We  still pay Can$ 2.81 for a US gallon here and that is by far the lowest in a lot of years.
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