Quote:
Originally Posted by Eddie_T
Gas prices are high because of futures trading and speculation but the Obama administration likes it.
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Quote:
Originally Posted by Eddie_T
Whatever gave you that idea? My point is that the Obama administration loves high gas prices as it fits its agenda.
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even though one word of this will not sink in to you......
however most experts/analysts say obama has very little to do with the price of gas, so yeah, your agenda is false. you can argue about american jobs not drilling oil, but at the end the price of oil dictates oil drilling worldwide.
futures have little to with the long term price, without futures the price would likely be more erratic, not less, leading to larger booms and severe busts, futures can help even this out.
a lot of it has to do with quantitative easing and inflation that resulted from that, as well the potential situation in Iran.
If ANY presidential candidate tells you that can achieve $x.xx price at the pump, they are full of it