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To: Jomini
Government intervention in the free markets is a risky proposition. There are always unexpected residual effects. Should the opposition successfully divine the next intervention -- and act accordingly -- then the house of cards will come down at a more rapid rate than currently sustained.

That's just plain horseshit... While I am a staunch conservative who voted for GW twice, the house of cards that is soon to come down is that one from Crawford, Texas. GW has done nothing, absolutely nothing, to slow the rising price of crude. Since Jan 1 the price of world crude has gone from $43.40 to near $70 per barrel. The first that I heard that he was doing something was tonight when he said that some SPR would be released to offset the Katrina loss. People are not going to be satisfied with $3+ dollars a gallon when less than 9 months ago the price was near half that? Storm, or no storm, GW was asleep when the prices were climbing! Now it has bit him where it hurts.......

Same thing with border security, and it will bite him sooner or later.......

16 posted on 08/31/2005 8:05:35 PM PDT by eeriegeno
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To: eeriegeno

"While I am a staunch conservative who voted for GW twice, the house of cards that is soon to come down is that one from Crawford, Texas. GW has done nothing, absolutely nothing, to slow the rising price of crude."

ROFLMAO .... He's done nothing to control the price of broccholi either. What gives?

Supply and demand sent oil up to $70. It will send it back down again ....

"Since Jan 1 the price of world crude has gone from $43.40 to near $70 per barrel."

Yeah, and China, Nigeria, and other countries have more to do with that than what Bush does or doesnt do.
Global oil demand is behind this rise.

oh, one thing: Iranian threat ... so you think Bush should get the oil price down by backing down from confronting Iran over nuclear weapons. Think of what you are asking.

"
The first that I heard that he was doing something was tonight when he said that some SPR would be released to offset the Katrina loss."

Well, we didnt have a short-term loss before. Good call on his part.

" People are not going to be satisfied with $3+ dollars a gallon"

Why not? They pay more for bottled water.

If drivers dont like it, stop driving, the lower demand will lower the price.


21 posted on 08/31/2005 8:26:27 PM PDT by WOSG (http://freedomstruth.blogspot.com/)
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