Wow! Our pretzeldent Is Magical! Oil, Gas Prices Drop on Bush Supply Move

[leftchick]

:puke:

http://news.yahoo.com/s/ap/oil_prices

Crude oil and gasoline futures fell Tuesday after President Bush gave the Environmental Protection Agency the authority to relax regional clean-fuel standards to attract more imports of gasoline to the United States and to make it easier for supplies to be moved from one state to another.

President Bush also said he would halt deposits of oil to the nation's strategic petroleum reserve until the fall, but analysts said that measure would have next to no impact on crude prices and certainly would not help make gasoline any cheaper. Even the fuel-specification waivers will have a marginal impact, analysts said, given that the main force behind today's soaring pump prices is the near-record price of crude oil.

"If you have $75 a barrel crude oil, you're sort of at a starting point of $2.90 a gallon for gasoline," said Mary Novak, managing director at the economic consulting firm Global Insight.

[LiberalFighter]

1. They did?? They went up 10 cents here

[marmar]

2. Screw a windfall profits tax. The hell with taking on the oil companies...

Let's lower the price of oil by making the air dirtier! If this isn't typical of the Bush administration then I don't know what is.

:grr:

[Redstone]

3. Oh, boy, wonderful. To save a few cents a tank, we'll just fuck up the air

all over again.

Nice priorities, America.

Redstone

[mdmc]

4. up two pennys here

:shrug:

[SmokingJacket]

5. Watch: up fifty cents, then down twenty, and he gets credit

for lowering prices! While we're paying thirty cents more!

[TomInTib]

6. I will be very surprised if this drop holds thru the end of the week.

Actually, I give it until Thursday.

[RaleighNCDUer]

7. What a wonderful man! He saved us again!

He should be named President For Life!!!

:shrug:

(We really need a McCauly Culkin 'scream' smilie)

[jsamuel]

8. It goes up and down every day

wtf? he is just using this as an excuse to relax environmental protections in favor of the oil companies AGAIN!

[Mrspeeker]

9. Great job here GAS up 9 cents

Think its time for another vacation its the only thing hes truly good at!

[Justice Is Comin]

10. That Robert Menendez is

making quite a splash as the newest senator on the block. He's out front today proposing the suspension of excise taxes and pulling it from the oil companies subsidies. Ha ha

They won't have a prayer to defeat him in November.

[AlCzervik]

11. repeal Davis-Bacon, Repeal Clean air Standards

anyone ever notice that when somethings happening Bushco uses it to repeal something?

[arcane1]

12. and how high was Exxon's profits last year?

I'm sure that had NO effect on prices :eyes:

[bluethruandthru]

13. Can we say No Thanks?

I'd rather pay a bit more and keep the environmental protections in place. That's not the problem.