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Will the price of oil drop after Obama is president?


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  #11  
Old 07-01-2009, 08:46 AM
India India is offline
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Default Will the price of oil drop after Obama is president?

I don't think there is any reason to doubt bush will be handing off a country in the worst recession since the great depression. We have skrocketing fuel and food prices. We have a crumbling infastructure. Our public schools suck. The baby boomers are about to retire, driving up medicaid and medicare to huge numbers. And our country is mired in two occupations that have created the largest debt in US History.Things will suck no matter who is elected.Obama plans to regulate hedge funds. That will help as much as anything else.I think he will start pull us out of Iraq and we will have a 1-2 month war (not surge) in afganistan (and possibly pakistan) against Al Quida. Then we will largely get out of the region over costs. I think he realizes our army is not designed to be an occupation force. I think the whole process will take 2-3 years and will end just as the baby boomers retire. At that point our deficiet spending will thankfully end.I am worried that he might spend too much up front on needed but postponable liberal projects that might further hurt the economy, but I think this scenario is what is needed and so I am content to bear 2 tough years.( I think McCain will just continue the bush polices, and those will hurt far more.)
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  #12  
Old 07-01-2009, 08:46 AM
lead lead is offline
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Default Will the price of oil drop after Obama is president?

Yes, it will defiantly drop, after half the world is destroyed due to his lack of experience insuring the ensuing destruction of our nation, there will be plenty of gas to go around, so the prices will drop.
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Old 07-01-2009, 08:46 AM
India India is offline
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Default Will the price of oil drop after Obama is president?

If he becomes President No,We are hurting ourselves on oil, gas and food. Seems you would like to blame war for it all but that's not it.We want drill for oil in our own backyard. In Alaska no reason not to drill, off of our coast and in many states.China is drilling off the coast of Florida soon we can't because we might hurt the environment. Does China care, I don't think so.Food, using corn to make alternative fuel is the most irresponsible thing going today and subsidizing the farmers that grow it.Food for thought.I noticed a comment that oil prices are controled in the futures pit. Not exactly, think of this as one of the way and this as one of the others. The is a nozzle with a big handle on it, in the Middle East if you turn it one way more oil comes out turn it the other way and less comes out. In the latter the price of oil goes up. Call it the OPEC nozzle
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Old 07-01-2009, 08:46 AM
help help is offline
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Default Will the price of oil drop after Obama is president?

he will never make into office
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Old 07-01-2009, 08:46 AM
Luc Luc is offline
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Default Will the price of oil drop after Obama is president?

It doesn't matter who becomes President. The price of gas may decrease for awhile but it will never be considered low again.You can put into place as many different policies as you want. Supply and Demand dictate the price more than what countries we are negotiating with.
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