ps..I just threw in the gas at 4 bucks thing to remind everyone that when barry took over a gallon of gas was less than two bucks..
#90 | Posted by afkabl2
yes completely off topic but since you went there...
I think you forgot to mention why the price of crude oil was collapsing. Here let me help remind you.
Let's recap shall we?
May 21, 2008--Oil price skyrockets to $130 a barrel.
June 9, 2008---Retail gas prices rise above $4 per gallon.
June 15, 2008---Speculators continue to push the price of crude oil. Consumers begin to literally run out of gas attempting to stretch their dollar. (remember the Speculators?)
July 7, 2008---Crude oil prices settled-in at a new record of $147 per barrel. The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon. Road trip style vacations are put on hold for many summer travelers. (much like now)
Aug. 5, 2008---Oil prices fall below $120 a barrel.
Sept. 15, 2008---The barrel continues to drop below $100 a barrel for the first time in six months. The idea of a serious financial industry recession is discussed as the market literally begins to melt down!
Oct. 16, 2008---Oil prices fall below $70 a barrel, which is less than half of its July peak. Signs of $1.99 a gallon gas brings celebration to the masses.
Dec. 17, 2008---OPEC removes 2.2 million barrels from its daily production. Crude oil collapses to $40 a barrel, becoming the lowest price in almost 4 years.
Dec. 19, 2008---After weeks of negotiation, Bush approves the emergency bailout of the U.S. auto industries big three, giving them $17.4 billion in rescue loans.
Dec. 31, 2008---Crude oil prices plummet below $37 a barrel while the U.S. average price for a gallon of regular unleaded gasoline falls to an amazing 5-year low of $1.61.
www.treehugger.com
Oh, hey... there it is The idea of a serious financial industry recession is discussed as the market literally begins to melt down!
yes.. I guess that IS one way to bring down the cost of gas. Collapse the entire Global economy so no one has any more money to buy it. So basically we are right back to where we were in JULY 2008 before Bush lead the world into the Global Economic Collapse.
The devil sure is in the details huh Blabber?