Oil prices have fallen to just over $85 a barrel

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Oil prices continue to fall – now dropping to just over $85 a barrel – the lowest price of the year so far. The price drop might have to do with oil speculators selling off their futures contracts – since as much as $14 of every tank of gas in America is a result of banksters speculating on Wall Street.

Those suffering the most from falling oil prices are Republicans who’ve been trying to pin rising gas prices on something President Obama is doing despite the fact that the President has increased domestic drilling and reduced dependence on foreign oil each year he’s been in office. Now that gas prices are falling – let’s see if Republicans are as quick to give the President credit as they were to fault him when they were rising.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Comments

I haven't filled my tank in three months. I guess I'll be able to fill it again soon.

But it's been nice walking and riding my bicycle. I'm discovering there's a real world outside that safe little metal cocoon... or is it a coffin?

.ren's picture
.ren
Joined:
Apr. 1, 2010 7:50 am

it doesn't matter. The oil companies still keep prices high by restricting refinery output.

lovecraft
Joined:
May. 8, 2012 12:06 pm

$85 a barrel? I see $96.

chilidog
Joined:
Jul. 31, 2007 4:01 pm

The Kochs vs Trump - Who Will Win On Healthcare?

The fight to repeal and replace Obamacare is rapidly becoming a battle between factions of oligarchs.

So who will win - the Koch brothers faction that hates the Republican healthcare plan?

Or the Trump-Mercer faction that supports it?

As it stands right now, the Republican plan to replace Obamacare still doesn't have enough support to make it through a House vote.

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