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I'll just say that the answer for now is a hell of a lot more complicated then the arguments you people are giving.

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The answer being......?

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Sexual innuendo.

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I'll just say that the answer for now is a hell of a lot more complicated then the arguments you people are giving.

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No shit. When the economy is involved nothings simple. It's 2 in the morning, no one gives enough of a fuck to list out all the different things affecting the price of oil,  and many(including me) don't know all of the reasons.

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I rely on bitter cold:I depend on arctic snow:I exist on apropos
Running on Bravado

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LW is responsible

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I'm still confused on the issue, If he had not of threatened Iran i think the prices may be down a tad and the Iraq war has seriously hurt oil production in some way.

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Thank you

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Rainforest Action Network

Some however, are directly due to Bush fiscal policy. For instance, the Bush administration has a quiet policy of letting the dollar slide. This in turn has led to increased inflation. As inflation rises, financial institutions such as hedge funds and large colleges with large endowments seek to preserve the wealth of their investments. They do so by hedging against the dollar. A common example is of gold. People buy gold to preserve the value of the wealth as the dollar decreases. Oil has current been one of these assets. So as inflation rises due to declining dollar as well as the stimulus and tax cuts by Bush, large amounts of money flow into oil to preserve wealth, thus driving up prices.

On top of that a weak dollar causes oil producers to raise prices. As their currencies are largely pegged to the dollar and as oil is exchanged via dollars, they are getting significently less then they use to, especially when they import large amounts of goods from other countries who's currencies have strongly appreciated against the dollar. Now to buy the same amount of goods as a decade ago they need a lot more dollars.

Furthermore, the saber rattling that Bush did to Iran along with the invasion of Iraq and the instability that it has caused to oil prices, the Bush administration is partially responsible for the rise in oil prices.

Not ENTIRELY responsible, but many policies of the Administration have directly led to increased prices.

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Maybe God doesn't care how you say your prayers,
just as long as you say them- Jeffery Sinclair

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I am happy!!!

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of course he's responsible ! he's the one to blame

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you people are deluded. george bush is the goddamn  
culprit of EVERY fucking BAD thing that has happened in this world.

he is hitler rejuvanted..more potent.

your little pathetic SCAPEGOATS ways and excuses for your puny little brains aint gonna INFILIRATE ME niggas

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The answer is both. The rise in gas prices can be attributed to a variety of factors.  

Some however, are directly due to Bush fiscal policy. For instance, the Bush administration has a quiet policy of letting the dollar slide. This in turn has led to increased inflation. As inflation rises, financial institutions such as hedge funds and large colleges with large endowments seek to preserve the wealth of their investments. They do so by hedging against the dollar. A common example is of gold. People buy gold to preserve the value of the wealth as the dollar decreases. Oil has current been one of these assets. So as inflation rises due to declining dollar as well as the stimulus and tax cuts by Bush, large amounts of money flow into oil to preserve wealth, thus driving up prices.  

On top of that a weak dollar causes oil producers to raise prices. As their currencies are largely pegged to the dollar and as oil is exchanged via dollars, they are getting significently less then they use to, especially when they import large amounts of goods from other countries who's currencies have strongly appreciated against the dollar. Now to buy the same amount of goods as a decade ago they need a lot more dollars.  

Furthermore, the saber rattling that Bush did to Iran along with the invasion of Iraq and the instability that it has caused to oil prices, the Bush administration is partially responsible for the rise in oil prices.

Not ENTIRELY responsible, but many policies of the Administration have directly led to increased prices.

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Bush and his cabinet are not in charge of either fiscal or monetary policy. Stop making stuff up just because you hate Bush lol.

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Bush and his cabinet are not in charge of either fiscal or monetary policy. Stop making stuff up just because you hate Bush lol.

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I realize you are a troll, but you are dead wrong on both. Bush has a large amount of leeway when it comes to fiscal policy and he has so far failed to lean on Uncle Ben to do a damn thing about the dollar. Furthermore, Uncle Ben's polices have been in line with the Bush administration and have filled in the huge gaps in funding caused by Bush policies.

I'd love to see you explain how Bush pushing the debt to huge levels has no effect on the dollar and inflation, but you're just a goddamn troll that should have his internet removed permanently.

Furthermore, I'd love to see you explain how releasing billions of currency into the market from tax cuts and stimulus payments has no effect on inflation.

Fucking troll.

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Maybe God doesn't care how you say your prayers,
just as long as you say them- Jeffery Sinclair