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may3rd

(593 posts)

18. Gas prices need to be low for the harvesters. Food prices are where inflation must be kept in check

Reply to Purveyor (Original post)

Wed May 30, 2012, 10:32 PM

May 2012

The trade off in low oil crude prices is on the oil supplier countries.....who may have to pump even MORE to keep revenues steady or simply, cut off the tap which hurts their own welfare in the very very short run
But I'm not going to shed a tear for that side of the market share.

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18 replies

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Highlight:

Oil Tumbles to Seven-Month Low on U.S. Supply Glut [View all] Purveyor May 2012 OP

I forget...does Obama get credit for this? eom Frustratedlady May 2012 #1

It's only fair, no? Stuckinthebush May 2012 #8

Of course they won't. You should read my local paper. GoCubsGo May 2012 #17

And Yet ... 1StrongBlackMan May 2012 #2

I wonder how many frac companies Arctic Dave May 2012 #3

It's still around Phlem May 2012 #4

That's odd, we're still paying 4.35 a gal in Ca. demosincebirth May 2012 #5

We have a glut because Pab Sungenis May 2012 #6

It's all Obama's fault liberal N proud May 2012 #7

I remember... RitchieRich May 2012 #9

gouging us Kyad06 May 2012 #10

It Will Get There bl968 May 2012 #11

In the $3.80s by me but there has ALWAYS been a glut BumRushDaShow May 2012 #12

The supplies of 'refined' fuels are still rigged to keep prices high. Forget.... dmosh42 May 2012 #13

dropped close to 40ct in the last three weeks where i live madrchsod May 2012 #14

When gas prices are high, it's Obama's fault. When oil drops and gas prices are low, truthisfreedom May 2012 #15

Funny.. just a month or so ago the media was all hyper about how high gas prices.. DCBob May 2012 #16

Gas prices need to be low for the harvesters. Food prices are where inflation must be kept in check may3rd May 2012 #18