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Oil hits another record high as dollar tumbles to record…
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Oil hits another record high as dollar tumbles to record…

Money – Oil prices hit all-time highs above $115 a barrel Thursday with reports that oil and gasoline stocks in the United States were lower than expected and as the dollar hit record lows.

Tags: Oil Prices, New High, Dollar Tumbles

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FTA:

Oil and other commodities continued to attract investors as the values of the dollar continued falling and as a hedge against inflation. A weaker dollar also makes oil cheaper to investors overseas.

The euro hit a new all-time high of $1.5982 on Thursday, its second record in as many days against the sagging greenback, and stood at $1.5966 by midday in Europe.

Where do we go from here? If i were Dubya, i would be ashamed to show my face. He's destroyed the greatest nation in the world. Then again, what did we expect from someone so inept as to have destroyed everything he's touched since he was a mere child.

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Sorry to say N2N, your great nation started to slide with the end of WW!!, as Ike said "Beware of the Military Complex" and very few heeded this.

Your nations politics are set up in such a way that every two years you are at each others throats, and also having only two parties every thing is black and white.

Last night was the first time in a while I heard a politician say the other side have good ideas, Osama's comment on Rep, and the schillary even admitted he could beat McC, wow praise of some sort to the other side, unheard of.

As for being the greatest nation on earth ? I know Canada is not the greatest, but I also know there is none better...:-) still luv ya

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That's the way you should feel HB, i have nothing but respect for you for thinking you are in the best country on earth! Still luv ya 2..;)

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I agree n2n:)

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And Americans are flocking to John McCain who promises more of the same for four years!

Yesterday he proposed suspending the federal gas tax during summer which would save less than $2 per tankful and kill all repairs to roads and infrastructure, something we all benefit from. But it's a "tax-cut" and it worked for Bush. He also wants to further subsidize big business, big pharm, big oil by even more corporate tax cuts, and he wants to make the Bush tax cuts to the ultra-rich permanent! "Socialized" medicine is bad, but socialism in the form of corporate welfare is somehow good. How much of this wealth has "trickled down" to you?

15 trillion national debt, here we come! Borrow and spend. The country is already bankrupt. But McCain knows that the Bush billionaire cronies can buy him this election like they bought George Bush the past two.

And yet working and middle class people still support these Bush Republican policies ! It's a mystery to me.

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You summed up why I call McCain BushIII Teech.

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Teech...I probably don't need to point this out, but what you're saying about the working and middle classes is exactly why Obama said they're bitter and cling to (among other things) guns and religion.

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Teech, if they elect McCain for four more years, they get what they deserve. Just glad i'm retired and no one can mess with my locked in incomes.

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You get a 1/2 plus on that n2n.LOL

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He's destroyed the greatest nation in the world. >>>>

bush doesn't have that much power. He had a whole lot of help, not the least of which were the fools who voted for him, and the worst of which were the likes of the media, the religious wrong, the swift boat liars, the Congress, Cheney, Rice, Ashcroft, Wolfawitz, and on and on and on. It was a group effort.

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Absolutely right jordan, he didn't have enough sense to do it by himself, i don't guess! It's just that he IS so stupid, it's easy to blame him for all of it, because i don't really consider the rest of them to be as ignorant as i do Dubya.

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To me, a lot of it is hollywood, may sound crazy, but there is reason in my madness....at least I hope so

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There's an awful lot of stock put into Hollywood, and i don't understand why. There are more stars in Hollywood who didn't even graduate from highschool than i care to even know about, and they are a major influence on our children/grandchildren today.

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No, what i mean is the type of movies and TV shows that tend to shape society's thinking, short subtle then building steam as an idea gets accepted.

In the 60's it was J Wayne winning WW!! with the rat patrol, and I can still argue on here with some that it was a world effort.

In the 80's 90's we started seeing negros in places of power, and I honestly thought that Powell was being groomed as a future POTUS after this.

On sesame street Bob had a special friend, that was 92, started a thinking process of gays being ok, till then gay bashing was a kind of acceptable no-no, and then they started coming out of the closet

Now movies are coming out with all kinds of short quips on 9/11 and conspiracy, are they getting the gen. pop. to get used to this as sh it might hit the fan ???

Hollywood shapes thinking in subtle ways 10 years before it happens.

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My husband and i were talking about that the other day!

When we were kids, we watched Popeye, which was a pretty violent cartoon when you think about it. BUT we KNEW it was a cartoon. Just like the movies, we knew it was fiction, and that John Wayne didn't tame the wild wild west, nor did he win WWII with the rat patrol.

What has happened since we were kids, that today's children and even young adults can't tell the difference in reality and entertainment?

Did video games start it all?

I rarely watch any of the new movies. Harry Potter doesn't fascinate me, nor does Spiderman, it's all garbage today, IMO!

Also, IMO, people who allows Hollywood to shape their thinking have something wrong with them.

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Also, IMO, people who allows Hollywood to shape their thinking have something wrong with them.....how true, but I got negged by many on another thread when I said that because 60% of Americans preferred to watch American Idol rather than who will be the next possible POTUS, they don't care.

On here people make a comment on what they believe in, so they care, but that is less than 40%

And A.Idol is hollywood at its finest, a no brainer

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I have never watched American Idol, nor do i watch any of the reality shows. I could care less if the stars know how to dance, and people who go from working behind a desk to trying to survive in the jungles of the rain forest are NUTS!

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Well the Survival shows are more of an indication of where we will be if Republican idealogy takes over.

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You got that right.

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Jordan11: More like what could be called the "perfect storm". Many saw it coming but were to afraid to run and so we allowed a few to run rough shod over all the rest of us. We - the voter - hold the most responsibility for what we have allowed to take place.

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n2n, if you will check your history...it was the republican administrations that brought on depressions and recessions when they got the control of the government. They love to whine about the "tax and spend democrats" while they do stupid stuff like cutting taxes while they spend like drunken sailors.

I am afraid we have lost control of oil prices completely and that they will continue to rise. I have to gas my vehicle today, and I notice the gas prices went up another 14 cents since last week. Maybe we will get to the point we can't afford to go to war, that should irritate the NeoCons.

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Gas here is now 3.54 a gallon. We had to gas our vehicles yesterday, because we never let them get below 1/2 a tank with the prices the way they are.

I know republicans have brought on all the depressions and recessions, but if you notice on Propeller, the cons go back as far as they possibly can in attempts to blame it on any democrat. There's little they can actually blame on democrats at this point, we have had a republican president 20 of the last 28 years and most of that time we also had a republican Congress. Let's see them justify that!

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They can't, just like illegals, but someone voted them in ?

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The saddest part is they keep doing it! It's like fitting a square peg in a round hole, they just keep hammering away at it, trying to make it fit! There's something retarded about that.

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Sorry n2n.This situation has taken multi party efforts at stupidity and we had our warning since the Carter administration. Both parties have been retarded and blind.

But every issue besides it boils down to this. They have,we ain't,we coulda,we didn't so guess what?

AND I'm not trying to blame it on any dem.It was and is a multiparty effort of stupidity.:)

Seems like this country never learns.I'm just wondering if any of the other Industrial West has learned?

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No, we follow, England had Blair but got rid of him so maybe, and us we got Harper and he has to go,

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Thanks for the info.Sounds like a lot of countries are waaaay too late.Blair You mean Bushes Drinking buddy:)

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It has taken a multiparty effort to an extent rdy, but history doesn't lie. There have been more recessions, depressions etc during and after republican presidents, and we have had more republican presidents than democrat in recent history, and even the democrat presidents had a republican congress! I won't say democrats had nothing to do with the situation, but again history doesn't lie.

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history is like beauty, it's in the eyes of the beholder:)The reason I say this is because there's also a Congress which has both sides tangled in a mess not that the President bears the only responsibility else you'd be blaming Carter for the first at the pump oil crisis and double digit inflation.

And some little bug in my ear tells me that just ain't gonna happen.LOL

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I addressed congress. But you are right, there are two sides in congress with opposing views, who do tend to keep things tangled.

That said, Bush doesn't seem to have a problem with Congress, when they don't give him what he wants, he just goes on tv and tells the world how bad they are.

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You should look at this.

http://zfacts.com/p/318.html

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Thank you mikkit.And n2n, I agree at least about Bush but suggest this is another item to put into comittee but I think a compromise may be reached.LOL

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Imagine if the price of gas tripled under a Democratic president. Wow. I can hear the big M Media whining now. Rush would have the lemmings throwing rotten tomatoes at the Whitehouse. There would be widespread civil unrest.

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You think oil is high now --- you aint seen nothin' yet!!!

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Many of us can't afford the FUTURE...

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The future? Chit I can barely afford the present.

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Did someone say presents? I'll take mine in gas cards! lol

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oops. Darn keyboard forgot how to spell.

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Well, guess that I will get a new fishing license for the year and quit bowling! I can walk to the lake!

This is getting ridiculous! Working people can't afford to pay any more for gasoline and the trickle down costs that is happening!

Thanks not2needy!

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You can kill two birds with one stone by going fishing too tex, save gas and get dinner in one fell swoop! Sounds like a win win to me.

You're welcome my friend.

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Yes, it sure is and get some exercise as well! My neighbors will let me use their docks, so I don't have to drive to the public docks!

I am heading out to play cards down the street, see ya later!

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With a bit of common sense, gas prices are irrelevant.

All one needs to do is to ALWAYS park at the TOP of a hill. Then, it is a simple matter to coast down - NO gas required.

The only difficulty at all is on the way home when one might have to wait a bit for a group of strong people who are willing to push the car back up the hill.

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Are we reverting back to the "Flintstone" era?

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lol, might not be a bad idea! Go gracefully into the night!

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Said it before,i'll say it again,,Clinton,Gas.$.88 a gal.Bushboy,Gas $3.50 a gal.

Oil and energy people in the whitehouse and people would expect any different than this.That in its self shows a lack of foresight.

When we take energy out of the stock market,where the prices can't be manipulated then we have a chance.These people call georgie boy and cheney, tell them they didn't get enough of the billions,bush boy rattles some sabers,the price goes up.Not to mention the manipulation going on in the futures market.These people are working an inside job and we are the patsy's.

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$.88 per gal?

Love the way Clintonites just re-write history.

First we have baddad59 with this little gem. Then we have not2needy and antineocon just ignoring Clinton leading one of the worst Stock market crashes in the last 50 years along with leaving the USA in terrible recession.

Must be nice living in neverneverland.

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crghss,

That recession is an anthill compared to the Everest looming over us.

BTW, how Tinkerbell doing these days? Still gathering fairydust these days, are we?

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We moved from Florida,back to Iowa,in 1998.On the way here gas was as low as $.72 in Georgia.The nearest gas station to us it was $,88 a gal.Is that rewriting history,no it isn't,that is telling the truth.

That horrible recession you are talking about was the result of stupid people paying $100 a share for company's that wasn't worth $.20 a share.Greed is what that was about.No massive unemployment,plenty of jobs and almost zero inflation.What were the effects of that stock market crash..oh,20 million new jobs.Talk about living in a fantasy.Obviously you aren't old enough to remember the facts.

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If you think that Bush and Cheney don't have something to do with this your nuts.

They are robbing the treasury with the Iraq war and robbing the American people through the oil families.

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When you put an oil man in the whitehouse what do you expect him to do?? And he did it!

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