[ryan71]

How much has oil dropped since the Governor Palin pick?

[Slapshot68]

I just want it to go below $100 because T Boone Pickens announced yesterday that it wouldn’t.

[MichaelP]

Boo Hoo Hoo....Poor Goldman Saks, Poor Morgan Stanley, Poor hedgers and other speculascum....

I'm crying a river...

Mike

[j_k_l]

And yet the prices at the pump have not budged.

Kind of interesting that a mere hint of movement upwards and the guy with the stick is out changing the sign at the station.

[griswold3]

Sorry, I’m hearing all the Obama supporters give him the credit when there’s an improvement.

I heard one say ‘Oil is coming down because Obama’s numbers are going up. The market is recognizing his anti speculation plan and is responding.”

Yeah, riiiiiiight. He wanted higher prices just not such a fast paced rise.
Cheap oil promotes individual prosperity and Obama doesn’t want individuals to prosper.

[varyouga]

Once production resumes in the Gulf, it should go under $100.

The Governor’s speech will probably mention drilling and have them shaking and selling oil futures even harder.

I hope Palin hits it out of the park tonight. Let’s smoke ‘em out.

[Gondring]

How much has oil dropped since the Governor Palin pick?

Some crude (no pun intended) charts...

[Question Liberal Authority]

I remember Bill Clinton saying that oil will never get under $100 a barrel again.

What would be so totally cool is if oil is under $80 a barrel by election day, Iraq is going fine, the stock market is in an upswing, and all the Dems want to talk about is how much they hate working mothers and pregnant teenagers.

[tatsinfla]

oil has dropped like a rock the last 2 days and gas is still up 10 to 11 cents a gallon in daytona.....i just wish they would buy me dinner and kiss me first...

[kcm.org]

Beeber set on STUNED

[InterceptPoint]

It is perfectly predictable that those evil speculators will drive the price of oil down below it's true market value just like they drove it above that level this summer. That's just how markets work. But eventually the price settles down to what it really should be. The whole process is kind of like a damped oscillation that consecutively overshoots and undershoots while slowly approaching a true final value.: