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Reader comment on:
Gasoline May Soon Cost a Sawbuck

Submitted by Mike, Apr 29, 2008 19:58

Oil prices are surging because Ben Bernanke is lowering rates when he should be raising them and printing money out of thin air.

It's not OPEC's fault.

When Ben Bernanke creates too many dollars, their value falls.

So it's not oil that's getting more expensive but dollar that's getting cheaper.

The 'demand' argument is dead wrong. Recession in the US and slowly to follow elsewhere means falling demand.

Gas is not more expensive in Europe because euro is not in free fall.

As patriotic as it is to blame 'some other people for hating our SUV freedom' , it is really our own unelected Ben Bernanke (chief of Fed) who is killing the dollar .....


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Other reader comments on this article

Comment By Date

Has the world passed the peak oil production? Colin Campbell's argument is that most government and corporate estimates of reserves are... [MORE]

Bobbi

May 19, 2008 09:10

I feel that the fuel prices of fuel will not make a bit of difference. Because the people are use... [MORE]

James O. Rorie

May 19, 2008 03:58

I am sick and tired of us Americans driving the gas guzzling SUV's and 140 ton "I want to be... [MORE]

Paul

May 18, 2008 14:00

My dear American friends, Many greetings from Germany. Right now we have to pay about 1,50 Euro per liter of unleaded... [MORE]

thomas coss

May 16, 2008 16:36

In my part of the country a ten dollar bill was a fin and a five dollar bill was a... [MORE]

Brother

May 4, 2008 20:07

why does e85 stay a dollar a gallon less than gas if gas goes up e85 goes up the same... [MORE]

brett

May 2, 2008 01:14

Gas will go much higher than just $10 per gallon in time. I'll be yelling Armageddon up and down the... [MORE]

Ange

May 1, 2008 22:42

Why are we continuing to depend on other countries for our oil? Mr. Bush said we can get our... [MORE]

CW

May 1, 2008 21:58

How are hard working Americans on a lower pay scale going to get to work every day? $10 dollars a... [MORE]

Dustin Castellano

May 1, 2008 21:35

From all I have read, the gasoline we are now purchasing did not come from the crude oil that is... [MORE]

susu

May 1, 2008 13:43

Now, now, let's be fair. As much as I dislike the thought of Big Oil dominating our energy supply, we... [MORE]

Jake

Apr 30, 2008 23:07

blame the car makers who sold out back in the 70s -- Nissan @ Datsun-- who had the technology and... [MORE]

Gara

Apr 30, 2008 22:46

look i grew up after the 70's crunch when gas got cheap during the '80's my dad was in the... [MORE]

Patrick Burks

Apr 30, 2008 22:02

i bought a toyota scion. the small 2006 xa wh ich is the counterpart to the toyota yarus. my first one... [MORE]

marc

Apr 30, 2008 19:05

I think we should use the oil that we have drilled in the U.S for the U.S. Build our own... [MORE]

b julias

Apr 30, 2008 17:18

Maybe it is time to nationalize the oil industry....along with health care, education...and other entities necessary for the general welfare....like... [MORE]

Larry Steward

Apr 30, 2008 17:06

Sure, its the SUV driving americans responsible for buying foreign oil. Nice spin there. How about the US politicians who... [MORE]

Steven

Apr 30, 2008 16:16

Mr. Dorfman: I commend you on your excellent article! However, I fear that few people will believe you. From what I've... [MORE]

Kevin Swindle

Apr 30, 2008 16:11

Why would anyone in the New York metro area worry about the price of gasoline? When I left Long Island... [MORE]

72LongIsland08Arizona

Apr 30, 2008 12:05

There no reason oil should be this high, this is way out of line. Somebody ought to be able to... [MORE]

Stan

Apr 30, 2008 11:26

This article is very informative and good. Why not make it $ 20.00 per gallon. Just like everything else. We have... [MORE]

Dottie Hendricks

Apr 30, 2008 10:27

How long can our economy continue with the HUGE trade imbalance we are running. Part of the oil price run-up... [MORE]

Klaus

Apr 30, 2008 10:09

In The Netherlands we pay about €1.50 per liter. That's about $ 2.32. A gallon is 4.5 liters, thus we... [MORE]

JR

Apr 30, 2008 10:06

We here in the UK are currently paying $10 for a gallon of petrol (gasoline); there is talk of this... [MORE]

Neil McPhee

Apr 30, 2008 08:43

I would love gas to be $5 a gallon in the uk, i have seen it for as much as... [MORE]

Blake

Apr 30, 2008 07:49

Our Congress is composed mainly of career politicians and re-treaded lawyers, most of whom failed Science 101. I believe that... [MORE]

Norm Looper

Apr 30, 2008 04:16

Why don't the petroleum companies just tell the "public" the bleedin' obvious...that it is running out fast and that they... [MORE]

Mark Skinner

Apr 30, 2008 03:33

Let's say for arguments sake, that the price of gas does crest $7.00 per gallon. The implications of such a... [MORE]

Chad Bilstein

Apr 30, 2008 02:18

You can thank the US Government for this. We have as much or more oil than Saudi Arabia has but... [MORE]

JW

Apr 30, 2008 01:52

With soaring international demand, peaking worldwide production, an inability of bio-fuels to cover more than 20% of current American... [MORE]

Geoffrey Harris

Apr 30, 2008 00:53

Well.... Dan, I am not holding my breath, but thanks for opening my ears to hear what some experts say ...and... [MORE]

Anna

Apr 29, 2008 23:19

I am so sick of hearing everyone whining and crying about the high price of gasoline! Somebody's got to pay... [MORE]

Mike

Apr 29, 2008 22:32

I think there is something seriously wrong about this country. Since president Bush stepped into office, we have nothing but... [MORE]

CINDY

Apr 29, 2008 21:56

It doesn't take great qualifications to predict this. No more did it take any special training to have predict ed... [MORE]

Rabbit

Apr 29, 2008 21:27

While it may be conceivable that oil will trade @ $250 per barrel in coming months, why should Americans trim... [MORE]

TONY

Apr 29, 2008 20:08

Well thats the way it goes...first your money then your clothes. [MORE]

ted

Apr 29, 2008 19:59

Oil prices are surging because Ben Bernanke is lowering rates when he should be raising them and printing money out...

Mike

Apr 29, 2008 19:58

Even though I have been a registered Democrat for the last 41 years, I lay the full blame for todays... [MORE]

Larry Baker

Apr 29, 2008 19:56

Why do the Liberals still cling to the corporate campaigns of Obama/Clinton --with Clinton only slightly more disengenous than Obama... [MORE]

Gary Oppewall

Apr 29, 2008 18:48

Thanks America keep outsourcing! What a great way to live! [MORE]

walt

Apr 29, 2008 18:33

Unfortunately this all could have been avoided if GM's EV1 and Toyota's Rav 4 EV were allowed to remain in... [MORE]

Edward Mandel House

Apr 29, 2008 16:46

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