"Oil prices fall for a ninth straight day amid weak demand; Price of gasoline in Massachusetts is down 2 cents" by Associated Press | December 15, 2009
NEW YORK - Oil prices have remained stubbornly high, most energy experts say, because those who are still buying it are doing so based on the value of the dollar, rather than on actual demand.
Translation: Your "free" market -- law of supply and demand -- is f***ed, America!
Related: Slow Saturday Special: No Confidence in Dollars
BANKSTERS have DESTROYED YOUR DOLLAR!
Because crude is priced in the US currency, investors holding stronger currencies can effectively buy more oil for less money.
What they mean is WHEN YOUR DOLLAR is WORTH LESS things COST MORE!!
But demand for fuel in the United States has barely nudged from last year, when there were fears of a full-blown depression.
But prices keep rising because YOUR DOLLAR is WORTH LESS, America!!
And YOU KNOW IT every time you go shopping for ANYTHING now.
Either a HIGHER COST, LESS PRODUCT or BOTH!
Many of those dollar based-trades began to fade at the beginning of December, just when the dollar began to rebound....
I didn't see it?
What, a dead cat bounce?
"Inflation warning signs not yet worrying Fed; Bernanke expects slow recovery to keep prices down" by Martin Crutsinger, Associated Press | December 16, 2009
WASHINGTON - Higher prices at the gas pump have also proved unsustainable. Valero Energy Corp., the nation’s largest oil refiner, shuttered a major refinery over the summer and plans to close another.
The price of crude oil has risen this year, but refiners have not been able to pass the costs along, because millions of people have lost jobs and no longer commute. That has helped to drive down demand for gasoline....
Awwww, the POOR OIL COMPANIES, huh?
How many BILLIONS they gonna make this year, huh?
--more--"
And about that rebounding buck....
"Oil price up as OPEC expects demand to rise" by Associated Press | December 16, 2009
NEW YORK - Oil prices rose yesterday for the first time in nine days....
And back down goes the dollar!
Retail gas prices lost a half penny overnight to a new national average of $2.59 a gallon....
Oh, I think I'll INVEST my HALF-PENNY!!!
but it’s 93.8 cents more expensive than at the same time last year.
Yeah, I thought there was something wrong when I was filling up!
--more--"
You know the drill, readers....1. Pull up to pump
2. Get out of car
3. Drop pants
4. Insert gas pump into ass
Related: State Still in Session
OUUUUUCH!!!!
