US Presidential Elections 2012 (13 Viewers)

AndreaCristiano

Nato, Vive, e muore Italiano
Jun 9, 2011
19,174
So in other words you don't know what you are talking about, you are just parroting away.

The simple fact that you discard someone on being Keynesian - even tho I'm not - says everything.

You don't understand simple economics, but you can't accept that. Even tho you've never studied the subject. You time after time keeps on making the same mistake when you try to convince people that Obama's economic plan is wrong. The sheer fact that you use the Gas-prices as an example says it all.

When the demand rise - in a market economy - then the price will also rise, since there aren't unlimited Gas on earth.

With growth comes the rising demand on Gas, so if you actually isolate the Gas problem you describe, it actually points towards a growth in economy.

Do you see?
So explain to me why in Italy gas is 9.50 a gallon and in the us it's 4? Also explain the jump when the demand didn't dramatically change that much. Especially when we only import a small amount from the mid east and OPEC?
 

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Maddy

Oracle of Copenhagen
Jul 10, 2009
16,545
So explain to me why in Italy gas is 9.50 a gallon and in the us it's 4? Also explain the jump when the demand didn't dramatically change that much. Especially when we only import a small amount from the mid east and OPEC?
The higher price in Italy does probably has something to do with the taxes they have on consumption and Gas. Don't know the actual percentage.

The demand of Gas has risen a lot and will increase with the growth in Asia and South America. There's huge middleclass growing out of India and especially China. They all demand the same materialistic joys we have in Europe and America.

The Tax on Gas in America (federal tax) is relatively low is one of the reasons why Gas is cheap in USA. And to my memory America is importing more than 50 % of their Oil/Gas/Petrol and therefore is very much affected by the rise in demand from South America and Asia.
 
OP
Trequartista
Jul 1, 2010
26,352
  • Thread Starter
  • Thread Starter #666
    So explain to me why in Italy gas is 9.50 a gallon and in the us it's 4? Also explain the jump when the demand didn't dramatically change that much. Especially when we only import a small amount from the mid east and OPEC?
    Because Italy's oil mainly comes from Libya, which is still recovering from a civil war.
     

    AndreaCristiano

    Nato, Vive, e muore Italiano
    Jun 9, 2011
    19,174
    The higher price in Italy does probably has something to do with the taxes they have on consumption and Gas. Don't know the actual percentage.

    The demand of Gas has risen a lot and will increase with the growth in Asia and South America. There's huge middleclass growing out of India and especially China. They all demand the same materialistic joys we have in Europe and America.

    The Tax on Gas in America (federal tax) is relatively low is one of the reasons why Gas is cheap in USA. And to my memory America is importing more than 50 % of their Oil/Gas/Petrol and therefore is very much affected by the rise in demand from South America and Asia.
    The big majority of our gas is imported from Canada so south America and Asia aren't huge factors
     

    ALC

    Ohaulick
    Oct 28, 2010
    46,551
    @Jennajameson: Obama is the only president whos party had not produced a single budget in the chambers of congress. What a shame. #RomneyRyan2012

    Here ya go guys
    :tup: Jenna Jameson

    Jimmy Carter's years were real good. Biased much and bushs first four with 9/11 and the market crash were actually real good in contrast
    In contrast to what? lol

    Bush has easily been the worst president ever.
     

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