[frog_jerk_2004]

The price of crude is dropping, which should be good news but the press has to use negative words like "dragged", "heavy losses", "failed to meet expectations". Isn't it good that we were using less gasoline than expected for the environment?

"LONDON (Reuters) - Oil prices fell below $45 on Wednesday dragged down by heavy losses on U.S. gasoline as summer driving demand failed to meet expectations."

[NavySEAL F-16]

That's because it's good news for Bush.

Bad news for Kerry.

Good news for the economy, bad for Kerry.

Dems must root for economy and businesses to fail. What a party. </sarcasm

[Peach]

Welcome to Free Republic.

[comebacknewt]

Low oil / gas prices are one of the most important keys to W's re-election. This is a good thing -- especially in the short-term.

[Semper Paratus]

If Soros ws trying fix the petro market I hope he's taking a bath.

[kevao]

Lower oil prices are good news for the economy and, thus, good news for Bush.

[ProudVet77]

In general a good thing. But there are a lot of ways to spin it. Pro growth people will love it, anti growth people will hate it. Just watch who says what and you'll know what camp they are in.

[EggsAckley]

Welcome to FreeRepublic.



Are you really saying you don't know if lower oil prices are good or bad?

[Nonstatist]

Why wouldn't that be good news, jerk?

[coconutt2000]

My macro econ teacher tried to use the crude oil price as an example on the first day of class.

I had to correct him. I brought up the point that gasoline inventories were higher than expected due to a decline in demand, partially attributed to the price of gasoline at the pumps, which means that a correction and drop in crude and subsequently a drop in gasoline prices can be expected.

He was speechless for a second... Especially since I'd already corrected him twice before that. He kept his eye on me the rest of the class and toned down his exaggeration and rhetoric a bit. I let him get on with the class.

[lilylangtree]

Gasoline prices raised again here in the Pacific NW.

[ChadGore]

GOOD NEWS FOR AMERICA ?

"I'm
deeply
saddened"

[BurbankKarl]

its great...the greedy speculators and hedge funds take it in the shorts.

[AZLiberty]

Now is the time to start selling from Strategic Petroleum Reserve. Capture the high prices, kill the speculators, and buy it back at the bottom.

[Mr. Jeeves]

It's good news for Hugo Chavez, who is making out like a bandit. Imagine a young Fidel Castro with vast oil wealth at his disposal. A belligerent, nuclear-armed Venezuela will be a lot of fun to contain in ten years.

[Redbob]

Gee whiz, some oil speculators lost big bucks while trying to drive up oil prices?

Where can I e-mail them my very deepest sympathies - and my most sincere hopes for a quick end to their useless existences!

[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.

[paleocon patriarch]

Nothing changes the inevitable truth of Peak Oil.

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

[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.