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With unrest around the world and in the United States, its hard for Americans to find something to cheer about. One thing they can get excited about is that with every passing day, the price at the pump is falling. While most people are cheering the news of lower gas prices, one Fox News host is wondering if it's really a good idea.

One thing that both liberals and conservatives, and Democrats and Republicans can all agree on is that lower gas prices are better for everyone. According to AAA's Daily Fuel Gauge Report, the average price of gas has dropped for 32 consecutive days, dipping to $3.04 a gallon, the lowest average price in nearly four years.

Though this seems like a win-win for everyone, Fox News and Fox Business host, Stuart Varney ran a segment on the October 28 edition of "Varney & Co." which questioned whether or not the falling gas prices were good for the economy. Varney highlighted a recent article in the Wall Street Journal that said, "gas at $3 carries rewards and risk," to which Varney also noted that "if you get down to low, American producers stop producing."

Appearing as a guest on the show was Anthony Scaramucci, the founder of Skybridge Capital. Varney asked Scaramucci if he agreed with the report in the Wall Street Journal and he responded that "the Saudis want to push the gas price low. Get it below $70 a barrel, we get out of the fracking business, and it strengthens their franchise." Scaramucci ultimately admitted that, in the short term, low gas prices would benefit big companies like Walmart and Cotsco.

Varney has focused on gas prices in the past, appearing on an episode of "Fox and Friends" in 2013 and blamed the rising gas prices at the time on the Obama administration allowing the Federal Reserve to print too much money. "I think it's because Ben Bernanke is printing dollars, like, up a storm," Varney stated, before noting "that is lowering the value of the U.S. dollar. And that means that oil goes up." Varney previously pushed that high gas prices were a negative under the Obama administration, but now is promoting a different theory. Despite reports in conservative circles that the Federal Reserve's monetary polices have led to rising gas prices, others dispute that fact, stating that increased demand on the global market, particularly in China, India and other emerging economies are to blame. "The only reason gas prices dipped in recent years was that the global economic downturn crimped spending by consumers," said Charles Lane of the Washington Post.

Ever since the election of Barack Obama in 2008, Fox News has routinely placed the blame of high gas prices on the president, predicting that the average price could reach as high as $8 per gallon. Now that gas prices are starting to fall to reasonable levels, it looks like they are crafting a new narrative to that promotes low gas prices as being a negative on the economy, which would tie into their constant attacks on the president.





Poor, dumb Conks!

This isn't exactly news. High gas prices reduce economic activity. Lower gas prices drive producers out of the market. The oil business is capital intensive.

Saudi Arabia wants to reduce oil production in the United States and elsewhere. Their efforts to reduce oil price are aimed at Russia as much as the United States.

CitadelGrad wrote:This isn't exactly news. High gas prices reduce economic activity. Lower gas prices drive producers out of the market. The oil business is capital intensive.

Saudi Arabia wants to reduce oil production in the United States and elsewhere. Their efforts to reduce oil price are aimed at Russia as much as the United States.

Yeah, and I see US consumers bawling their fucking eyes out while gassing up, too, Graddy! Low gas prices won't leave families with a little extra to spend this Christmas, either.



Conk (and FOX) shill fuck.

Cap'n Cat wrote:

CitadelGrad wrote:This isn't exactly news. High gas prices reduce economic activity. Lower gas prices drive producers out of the market. The oil business is capital intensive.

Saudi Arabia wants to reduce oil production in the United States and elsewhere. Their efforts to reduce oil price are aimed at Russia as much as the United States.

Yeah, and I see US consumers bawling their fucking eyes out while gassing up, too, Graddy. Low gas prices won't leave families with a little extra to spend this Christmas, either.



Conk (and FOX) shill fuck.

I didn't say consumers were unhappy about it. I merely pointed out that there is more going on here than Obama working his magic to make oil prices decline. Of course, that won't prevent Obama from taking credit for somewhat lower gas prices.

The President is wayyyyy down the list on things that affect the price of oil. You can't blame or give credit to that office no matter which way prices go. Fox News is slated with the GOP which is in the pocket of the oil business - so why do you think since profits are slipping that they're upset.

F@#* that - I like my gasoline inexpensive.

Why people watch Fox or MSNBC other than for entertainment value is beyond me...

@ Cappy.

How's the ROI looking for all those expensive alternative energy projects now that the cost of fuel is lower? Your vision of wind farms and electric cars just got a little out of range.

CitadelGrad wrote:This isn't exactly news. High gas prices reduce economic activity. Lower gas prices drive producers out of the market. The oil business is capital intensive.

Saudi Arabia wants to reduce oil production in the United States and elsewhere. Their efforts to reduce oil price are aimed at Russia as much as the United States.

This is it. We are in an energy boom, and our cost of production is much higher than Saudi Arabia's. Saudi's have turned on the tap before to break US domestic oil production, and they can do it again. Watch for oil to tumble to the $30 a barrel, the result is opposite of boom.

Its all WIN WIN...

Saudi Arabia and OPEC work with America... in conjunction together
Its not the "battle" we are led to believe

If you want a battle imagine if OPEC started trading OIL in a currency other than U.S. dollars
Then you would have a battle on your hands

Meanwhile, US oil imports are at a 30 yr low. Yet, prices are still high. Obama? No. Wall Street?

There's nothing wrong with low gasoline prices but as Capn well knows they are lower in spite of Obama rather than because of him. They're the result of a cascade whereby advancing technology increased exploitation of private lands that Obama can't readily control. That in turn led Saudi Arabia to increase production in order to try to stifle exploitation of shale oil, etc. If they can get the price low enough they can make that production unprofitable.

None of it has ANYTHING to do with Obama. His role has to do with Federal lands. And Federal lands are not the reason for what's going on. In fact, he and other Democrats are pretty much standing in the way of fully exploiting oil and natural gas resources associated with Federal lands and waters.

If the Abomination we have in the Presidency right now had his way gasoline would be as expensive as possible so that less of it would be used and the planet would be saved from greenhouse gas emissions. He is NOT interested at all in lowering the cost of fossil fuel consumption.

JohnStOnge wrote:There's nothing wrong with low gasoline prices but as Capn well knows they are lower in spite of Obama rather than because of him. They're the result of a cascade whereby advancing technology increased exploitation of private lands that Obama can't readily control. That in turn led Saudi Arabia to increase production in order to try to stifle exploitation of shale oil, etc. If they can get the price low enough they can make that production unprofitable.

None of it has ANYTHING to do with Obama. His role has to do with Federal lands. And Federal lands are not the reason for what's going on. In fact, he and other Democrats are pretty much standing in the way of fully exploiting oil and natural gas resources associated with Federal lands and waters.

If the Abomination we have in the Presidency right now had his way gasoline would be as expensive as possible so that less of it would be used and the planet would be saved from greenhouse gas emissions. He is NOT interested at all in lowering the cost of fossil fuel consumption.

Damn.... sold my Power Wagon with a 440 in it too soon....

I don't know John this sounds like a win for the consumer... Barack may not be much but he but he has done slightly better than the poster boy for miserable failure...

houndawg wrote:

JohnStOnge wrote:There's nothing wrong with low gasoline prices but as Capn well knows they are lower in spite of Obama rather than because of him. They're the result of a cascade whereby advancing technology increased exploitation of private lands that Obama can't readily control. That in turn led Saudi Arabia to increase production in order to try to stifle exploitation of shale oil, etc. If they can get the price low enough they can make that production unprofitable.

None of it has ANYTHING to do with Obama. His role has to do with Federal lands. And Federal lands are not the reason for what's going on. In fact, he and other Democrats are pretty much standing in the way of fully exploiting oil and natural gas resources associated with Federal lands and waters.

If the Abomination we have in the Presidency right now had his way gasoline would be as expensive as possible so that less of it would be used and the planet would be saved from greenhouse gas emissions. He is NOT interested at all in lowering the cost of fossil fuel consumption.

Damn.... sold my Power Wagon with a 440 in it too soon....

I don't know John this sounds like a win for the consumer... Barack may not be much but he but he has done slightly better than the poster boy for miserable failure...

Anything that happens during the Obama administration in America regardless of factual information or otherwise is BAD...

Just like Democrats blamed BUSH for everything
We now have the exact same behavior coming from Republicans

America: 320 Million citizens in Kindergarten and going strong