Monday, April 26, 2010

Why have Bush & Cheney reduced the price of oil to $90 & let the dollar reach a 1-year high against the Euro?

Why would they do this? I thought they hated us and that their sole purpose in life was to reduce the US to Zimbabwean levels of (dis)affluence. Is it possible that I was wrong?





Sources: http://news.yahoo.com/s/afp/20080916/bs_鈥?/a>





http://www.bloomberg.com/apps/news?pid=2鈥?/a>Why have Bush %26amp; Cheney reduced the price of oil to $90 %26amp; let the dollar reach a 1-year high against the Euro?
Bush and Cheney don't control the price of oil...notice the Yahoo article says ';world prices of oil.'; Why have Bush %26amp; Cheney reduced the price of oil to $90 %26amp; let the dollar reach a 1-year high against the Euro?
In 2000 a barrel of oil was $28.00 and now you're telling me it has dropped to $90! Thank God!





In 2000 the dollar was trading at 0.99 euros now it's climbed all the way to 0.67 Euros! Thank God for Bush/Cheney! (Who have apparently only been in office for a year.)





By the way, they do deserve credit for reducing the employment rate in both the long and the short term. Way to go Cheney/Bush administration!
Well for a start Bush and Cheney have nothing to do whatsoever with the price of a barrel of oil. This is set by the oil cartels and the spot price paid on the market.


Beats me how the US Dollar has climbed in value when more and more jobs are being lost in the US, it is a totaly false value. The American economy is in decline and it is artificial. A true value would be around .4 of a Euro.


Don't be fooled even the Chinese economy is slowing yet 80% of their production is in the domestic market. China holds the key to the worlds economy now not the USA.


Get real and read the facts without turning stories into fairy tales of half truths.
The price of oil will go down before the election. The problem is that the price of gasoline is going up in spite of the lower price of oil. Someone didn't get the memo.





That the dollar is at a one-year high against the Euro is not saying much. Before Bush took office, the dollar was worth more than a Euro. Now we look at what percentage of a Euro the dollar is worth, from day to day.
As far as I know price of oil has gone down. Very true. It has gone down vis a vis the price of oil some 2 months before, not vis a vis the price of oil in 2000. Comparison should be in context. Dollar has not gone up against euro. I don't see it. Euro is still much stronger than dollar in the world currency market. What the hell are you talking about?
Beacause the $ at a high, agaisnt the Euro, which has Americans really worried about a weak $...will help McCain get in...


Its all about what looks ';good'; on paper, not what is ';good'; in the long run, and Bush wont be the one picking up the pieces as he only has 60 days left and counting
What part of ';World oil prices dipped briefly beneath 90 dollars a barrel on Tuesday amid growing economic gloom and fears of slowing energy demand, traders said.'; do you not understand, genius?
I'm waiting for an answer too.
I'm afraid that Bush/Cheney don't set the price of oil. yes you are wrong.

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