Who deserves the praise for the gas prices dropping?

Some were so quick to blame Bush. Some were quick to blame the Congress that is controlled by the Democrats. Still others were blaming the Oil Companies and their greed. And then there were the speculators.

But now that the prices dropped, who is to praise?

I am so confused.

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TalkPa.net - Pennsylvania's Forum

GL> off the cuff I would say the American public. At four bucks a gallon we either couldn't or refused to drive as much as we had in the past....simple supply and demand as far as I'm concerned. The downside though is that when less fuel is being used it also means the economy slows down.

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Here's a solution to all the controversy over full-body scanners, searches, pat downs, etc. Have an appropriate booth that you can step into that will not X-ray you, but WILL detonate any explosive device you may have on you.

They get their wish and we get ours!

I believe that the oil price was artificially propped up since Katrina. By the speculators and by the oil companies themselves.

Once $3.50 and $4.00 gas helped siphon all of the disposable income out of the economy, and people were forced to live on credit, the stimulus checks came out. That's when gas really went through the roof.

Now, the stimulus money is gone, the economy is in the shit tank, and there's nothing to do with the oil but let it hit the market and let supply and demand have a say.

Plus, the new government might, MIGHT, actually do something about our reliance on oil. Doubtful, but they might.

So the oil companies figure they can live with just billions in profits for awhile instead of 10's of billions per quarter, if it means nobody gets serious about breaking the addiction because gas is under 2 bucks again.

Maybe it is Cheney's plot to sabotage the ethanol industry. Soon as the alternative fuel industry is bankrupt Cheney will raise the oil price back up to $5 a gallon.

Just remember how Rockefeller bought up the 100 mpg carburetor and destroyed the plans so he could become rich with Standard Oil.

He also bought all the electric streetcar companies and tore up the tracks.

Tram - Wikipedia, the free encyclopedia

I love those groups that now think we're paying too little for our gas and want the gas tax to be doubled to increase the price again.

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Røbb

Do you really believe Dick Cheney has the power to raise oil prices????

I don't think Cheney does. But there is a group who does have a say.. The providers of the oil supply.

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"Government isn't the solution to our problems. Government is the problem." - Ronald Reagan
"Time you can never get back but money you can always make." - My Wife

you mean OPEC right?

Kid> you are right we really need to keep looking at alternates we should not drop that ball, but when the prices goes down people quickly forget, I sure hope Mr. Obama does not lose sight of that

I think it's a combination...weaker demand...weaker economy...pissed off public...lack of media hype...end of the Republican Administration...

Mr. Obama has a full plate.

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Drinking alcohol in Kentucky is considered being "sober" until you cannot hold on to the ground.