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I heard Glenn Beck say this the other day.  And since I'm no economist, I had to look this stuff up.  I couldnt find anything at Beck's website since I'm not a member   so I did a search and came up with this:

But one cause of the high price is the depreciating dollar, which dropped again today in trading. When the dollar falls, oil prices rise because investors are more likely to use their money to buy hard commodities that won't lose as much value such as gold.  

Now that's simple to understand for me.  I got this from a webpage that was written back in '08.  (geotimes.org I think).  Seems that was when gas prices were  astronomically high...around $3 a gallon!  Whew!  Glad those days are over!

Oh wait....they arent.

Yesterday I think we were told that national average was around $3.07 per gallon.  It's $2.99 per gallon in my little hometown...up a good .25 cents per gallon from a week ago.  That happened overnight.  A .25 cent jump...at the pump.  

Anyway, i seem to remember Fox News doing a segment  where Ben Bernanke said he was going to print more money.  $900 billion or so.  The plan (i think) was to lower interest rates and encourage people to invest again.

But not everyone has stocks. Everyone (poor and wealthy) uses oil.  Whther it be for gasoline, or plastics...we all use petrolium products.  And if the price per barrell rises, so do the prices of goods.  In the case of a plastic bottle of (whatever), you get hit twice because the cost to make the bottle goes up...and the cost to ship it goes up!

I'm just the average Joe.  And I dont have the money to invest in gold, or stocks anymore.  But I still have to buy gas.  And groceries.  And goods.  

So the Fed prints money to get people to invest again.  But prices of everything rise when they do this.  And Americans stop buying...and foreigners stop selling.  And people lose jobs because companies make less money.

So how the hell is this supposed to help our economy?

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well, when they print more money, everything gets more expensive. and not just theoretically, but it's been proven throughout history. you have to look at the entire economy as a pie. and each currency note is a piece of that pie. the more pieces you cut, the smaller each piece gets, aka the pieces becomes worth less. this is inflation.

but the other reason gas prices have spiked so quickly, is that damned oil moratorium obama put into effect. and not just for six months, but the administration has said it won't allow any new drilling in the eastern gulf or east coast for SEVEN YEARS!

look, we're in a pressure cooker here. every time the economy tries to bubble up, we have gas prices acting as a lid, so we can never boil over. it's likely going to hit $4 a gallon by the end of this year. the problem is that the eco-nuts want us off of fossil fuels, but there's not currently a viable alternative. even electic cars draw their power from the grid, which is fueled by coal power plants. and then the eco-nuts won't let us build nuclear plants either.

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Yep.  Its frustrating.  I cant understand why the Feds wanted to print more money.  Something about interest rates and deflation or whatever.  I'm not that smart.  

But I do understand that oil is used in everything from transportation to plastics.  And when prices go up, it just kills poor folks like me.

We desperately need some sort of viable alternative so oil prices can drop.  If oil prices dropped, shipping costs should go down, gas prices should go down, and the price of goods should drop as well.

And you are right about those econuts.  Oil companies are not gonna let those platforms sit out there empty.  They are losing billions and so they are gonna lease them to someone else.  And when they are gone...they are gone.

But here's the odd thing.  I have heard rumors that Obama (who doesnt want to allow drilling off our shores) is tied up somehow with companies involved in drilling off the coast of south America!

If true, where is his moral outrage?

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well, obama himself said that under his plans, energy costs would "necessarily" skyrocket. and america is the saudi arabia of natural gas. cars can run off of natural gas, but again, it pollutes the air. this is likely the reason that the left doesn't want to further the technology. if it were up to them, we'd all be riding bikes and living in the dark.

i haven't heard anything about the south america thing, but a quick google search shows that spooky george soros is involved as well. shocking.



here's part of a michelle malkin article:

Yes, it’s true.

Barack Obama has chipped in $2 billion in loans to exploit offshore oil resources in hopes of extracting a major new source of petroleum…in South America.

And yes, it’s true.

There is a Soros link.

Is it a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras’ offshore operations? Hmmmmmmmmmm.

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SPOOKY DUDE!  Lol!

Maybe what they say is trie then.  Maybe allt his stuff Obama has done has been a systematic attempt to crash the economy, raise oil prices and force us to embrace alternative energies.

Man...there's a better way to get us off of gasoline.