Price of Oil Dropping...Is that good news or bad news?

Drudge ^ | 8/25/2004 | frog_jerk_2004

[GSWarrior]

I think the left is made up of a few who genuinely put America before party; the rest is divided between those who root for Bush to fail and those who have already made up their minds that Bush will fail...that he is basically evil and is pathologically incapable of doing anything without some evil ulterior motive.

I freep at work and was just having a discussion with the guy from Bowne who runs our copy room. He is convinced that the Swift Boat controversy will only hurt Bush, that it cannot possibly hurt Kerry.

[YOUGOTIT]

Option traders betting on the short term have driven up the price of oil. The futures market (buying contracts in 100,000 barrel increments for the future year or six months), It has always been my humble opinion that this was being driven by the left-wing multi-billionaires that are trying to bash and defeat Bush. (In my own research 96.5% of multi-billionaires are democrats, unlike what the democrats preach and say). They may like their money more than they hate Bush. The futures market has been driven high and a lot of people lose millions when it falls like it has in the last few days. Good going if it takes the rich democrats money.

[NavySEAL F-16]

He is convinced that the Swift Boat controversy will only hurt Bush, that it cannot possibly hurt Kerry.

What's his background?

[GSWarrior]

Not sure, but it ain't PolySci. But I know he is a 'mo. He would fall into the latter category I described. Doesn't seem to get it that both sides engage in politics of personal destruction to some extent. It's only those evil republicans, you know.

[paleocon patriarch]

Nothing changes the inevitable truth of Peak Oil.

Reserves are now depleting at the rate of 1 million barrels per day!

[frog_jerk_2004]

Excuse me for being a newbie, but you gotta start sometime.

I think the press roots against Bush no matter what...good news or bad, it is always W's fault.

[brewcrew]

Excuse me for being a newbie,

There's no excuse for being a newbie. Fix it by sticking around for awhile. 8^)

[Chode]

when are these future contracts due???
yesterday i paid $1.60 a gal for fuel oil when i filled up for the winter. i think it's 60/40 but it might be 50/50 fuel oil / kerosene
what's the average out there???

[Moonman62]

Good news. It's what's to be expected from Greenspan raising interest rates and the dollar getting stronger. The one thing to watch out for is Greenspan going nuts and raising rates the way he did in 2000.