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View Diary: Obama Goes on Offensive on the Economy (201 comments)

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  •  gas prices (4+ / 0-)
    Recommended by:
    rlharry, Farlfoto, soms, Dragon5616

    it's going to be gas prices, gas prices, all the time on cable news.

    Why doesn't anyone point out that the oil companies have thousands of oil leases to explore, but there's no incentive to explore or drill, when you can keep oil off the market and make a ton of money.

    Why are we letting McBush etal say that drilling offshore is being prohibited and that Democratic environmentalists are destroying this country?  There's no discussion of the leases the oil cos. do have and there won't be unless Obama or someone points it out.

    And by the way, will someone please tell me if oil was $70 a barrel last August, and more than double that now, due to supply and demand, they don't seriously expect me to believe that demand has doubled in 8 months?  Doubled in a few months?  This is speculation and the oil co. consolidation, keeping oil off the market.  

    •  I've been waiting for diaries or news stories (0+ / 0-)

      about this.  You would think the Corporate media would do their job and expose some of this bullshit, but noooooooo.-----
      Maybe Keith will get into it eventually, and hopefully Obama will go on the offensive about it.

      This, of course, doesnt fall into "easy news"-hopefully the American span of attention is long enough for people to pay attention.

      •  Here is an interesting article (1+ / 0-)
        Recommended by:
        d to the f

        An Associated Press computer analysis of Bureau of Land Management records found that 80 percent of federal lands leased for oil and gas production in Wyoming are producing no oil or gas. Neither are 83 percent of the leased acres in Montana, 77 percent in Utah, 71 percent in Colorado, 36 percent in New Mexico and 99 percent in Nevada.

        http://www.msnbc.msn.com/...

    •  You misunderstood -- supply & demand for dollars. (0+ / 0-)

      That's the problem. The federal budget deficit, out-of-control debt creation (equals money creation), and a growing imbalance in the supply and demand for U.S. dollars. That's why all commodity prices are skyrocketing at the same time, not just oil; for example, pennies now cost more to make then they're worth.

      John McCain thinks that the President is above the law. D

      by SciVo on Mon Jun 09, 2008 at 06:13:34 PM PDT

      [ Parent ]

      •  I think I put that poorly. (0+ / 0-)

        I didn't mean "you misunderstood" in a pejorative way, as it might've sounded. The media is doing a truly crappy job of explaining this.

        John McCain thinks that the President is above the law. D

        by SciVo on Mon Jun 09, 2008 at 06:16:11 PM PDT

        [ Parent ]

        •  oil is a world market (1+ / 0-)
          Recommended by:
          SciVo

          I do understand somethings about economics so I understand the effect of a weak dollar somewhat.  

          The oil market is a world market.  Why, if the dollar is the problem, is the oil price doubled in Europe and across the world?  We keep hearing from idiot broadcasters that OIL demand is the cause.  No one has any economic memory, no one can remember that oil was $70 a barrel in August, 2007.  It's double now.  Oil demand hasn't gone up that fast, neither has the dollar tanked that fast.  Not double in 8-10 months.  Not double.

          I pay attention to this and I'm confounded, can you imagine what the average American thinks?  

          People are going to be suckers for the argument against environmentalists stopping drilling.

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