Fox's Eric Bolling Says we Have Bush, McCain & Sarah Palin to Thank for Falling Oil Prices

[DogPoundPup]

Run time: 00:46 https://www.youtube.com/watch?v=f00Ajcne9Bg   Posted on YouTube: September 15, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 16, 2008 By DU Member: DogPoundPup Views on DU: 1252

 
Eric Bolling is Fox's go-to guy when it comes to issues surrounding oil and gas. As a matter of fact, according to David Asman, he's "the world's leading oil speculator," so he should know what drives the prices up and and down, right? That's what the audience thinks so what he says must be gold, and this is what he said today (September 15, 2008) about oil "settling down" below $100 a barrel for the first time since March:

"I think there's enough oil around, there's been enough oil around — we talked about this for a long time — we just needed to get access to it. We just needed to get access to it, ah, and we are. President Bush lifted his moratorium, we went down. Ah, John McCain chose Governor Palin as his running mate and we went down further." ... "We're down 30% on the oil price so far. So far. And it can go further. It can go to $85.00."

Comment: Yesterday the Wall Street Journal (also owned by Rupert Murdoch) ran an article about this, saying essentially that it's all about demand, demand, demand: "Eventually, high prices caught up with consumers in weakening big economies, with oil demand declining by a million barrels a day from last year in the world's most-industrialized countries." I don't see anything in there about Sarah Palin.

Continue reading at http://www.newshounds.us/2008/09/15/foxs_eric_bolling_we_have_bush_mccain_and_sarah_palin_to_thank_for_falling_oil_prices.php

[JuniperLea]

1. Bcuz they is MAGIC... wooooo

Who do we thank for the tanking stock market in that case?

The one thing we need to talk about when they talk drill, drill, drill is... Fine! Fine! Fine! But not with the subsidies from MY POCKET! You can use the oil companies' RECORD profits to drill, drill, drill!

[Styxiv]

12. Well don't you already know?

When prices rise its the Democrats fault and when it goes down the Republicans did it? Come on aren't you paying attention to the FAIR AND BALANCED Fox news network LOL....

[JuniperLea]

14. What was I thinking?

Welcome to DU, Styxiv!


:silly:

[Jack Rabbit]

2. What falling oil prices?

OK, I'll concede the $3.759/gal I paid last week is better than the $4.25 I paid in July/early August, but it's still too fucking high and don't feed me this bullshit that we're going to drill our way out of this overnight.

[notadmblnd]

3. yeah? well maybe when they can do somehing about gas prices I'll be impressed

NOT! currently, gas is high while oil prices are down. I don't see this as anything for them to brag about.

[kmdemqueen]

5. It is still to high

This is what they call low gas prices?? 3:57 a gallon. It takes me 25.00 a day to bring my husband to work and another 15.00 to bring my children to school. This is crap. he is right we got the Bush and all his conhorts to thank for it. Boy do they know how the spin the truth.

[trthnd4jstc]

4. I am not an Oilman, but did not Oil drop because of several factors:

1. Decreased Demand, because of increased costs of Petroleum Products.
2. China's Odd/Even Driving Policy in Beijing-Decreasing Demand
3. An Increase in Supply overall.
4. The Hurricanes were not as bad to the oil rigs as potentially feared.
5. The Threat of More Regulation has slowed down speculators.
6. Banking Accounts across the world have a greater level of Scrutiny, so money as a whole is not bouncing around as it once was.

Am I right here?

Are there other factors that have also played a part?

[Baltoman991]

6. One more

factor I can think of............November 4th is coming. A big day and the Republicans are hoping that we Americans will believe they're coming to our rescue.

Just my two censt.

[stlsaxman]

7. Ding ding ding ding ding!!!!!! We had this discussion at work during lunch and-

EVERYONE thought that gas prices were lower simply to get McCain elected.

"Sorry Senator McCain- we AIN'T stupid."

[earthlover]

8. Down to $85? The price of oil was about HALF that when Bush took charge....

[Union Thug]

9. In a related story, Eric Bolling was later revealed to be smoking the blue crack . More at eleven!

[Politicalboi]

10. Yes thank God for the

Republicans. They are going to lower the price of crude so we can fill our tanks and we have John MaGoo to thank. :sarcasm:

[whathappened]

11. wtf gas is going up

4.25 in hale mi. today , that up not down , if cude has been going down we sure havent seen it at the pumps

[ciking724]

13. Closure of the Enron Loophole has resulted in lower gas prices.