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IT'S ALL BUSH'S FAULT . . .

OIL PRICES FALL; GAS INVENTORIES RISE
By Madlen Read, AP Business Writer
2 hours, 46 minutes ago

NEW YORK - Crude oil prices fell more than $1 a barrel Thursday to their lowest level in five months as U.S. inventories of natural gas rose, easing fears that there won't be enough fuel to heat homes as winter approaches.

Light, sweet crude for December delivery fell $1.55 to finish at $56.33 a barrel on the New York Mercantile Exchange — its lowest settlement price since June 15, when front-month crude settled at $54.45.

The U.S. Department of Energy's Energy Information Administration said Thursday natural gas inventories rose by 53 billion cubic feet to 3.28 trillion cubic feet for the week ending Nov. 11. A day earlier, EIA reported that in the past week the supply of distillates, which includes heating oil, jet fuel and diesel, grew by 2.6 million barrels to 123.4 million barrels, or 3 percent above year-ago levels.

Heating oil fell more than 3 cents to settle at $1.6970 a gallon. Unleaded gas fell more than 2 cents to finish at $1.4595, while natural gas fell 38.7 cents to settle at $11.942 per million British thermal units.

Both natural gas and heating oil are used to heat American homes.

"We're well-supplied on all fronts right now," said analyst John Kilduff of brokerage Fimat USA, adding that oil traders' fear of surging demand has yet to happen. Distillate-fuel demand in the past week was less than 1 percent higher than year-ago levels, EIA said Wednesday.

http://news.yahoo.com/s/ap/20051117/ap_on_bi_ge/oil_prices;_ylt=AtYV6mgDkVJTCvxJdJZs42tu24cA;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl

STOCKS RALLY, NASDAQ AT 4-YR HIGH
By Jennifer Coogan
2 hours, 2 minutes ago

NEW YORK (Reuters) - U.S. stocks rallied on Thursday, driving the Nasdaq to its highest close since June 2001, after shares of Google Inc. broke through $400 for the first time and its rival Yahoo Inc. (Nasdaq:YHOO - news) hit a five-year high.

Web search engine Google rose 1.3 percent to $403.45, after climbing as high as $403.81, extending gains spurred by a "sea change" of major companies shifting to online advertising from print and broadcast.

Rival Yahoo gave the Nasdaq and the S&P 500 its biggest boost, jumping 5.5 percent to $42.23 -- a five-year high.

"People are looking at the breakouts of Yahoo and Google as a very positive indicator," said Sam Rahman, portfolio manager at Baring Asset Management Inc.

The Dow Jones industrial average rose 45.46 points, or 0.43 percent, to end at 10,720.22. The Standard & Poor's 500 Index advanced 11.59 points, or 0.94 percent, to 1,242.80. The technology-laced Nasdaq Composite Index climbed 32.53 points, or 1.49 percent, to 2,220.46

http://news.yahoo.com/s/nm/20051117/bs_nm/markets_stocks_dc;_ylt=AmwW0AA4A2eiPYOIATiNHaFv24cA;_ylu=X3oDMTA4MHNjNWZuBHNlYwMxNjk0

WHAT I LEARNED THIS WEEK
Thoughts economic, global, and political.
By Larry Kudlow

The boat-building business is booming, with big backlogs for boats in the $80,000 to $300,000 price range. Why is this important? Prosperity. People buy luxury items when they’ve got the money to do so. This is a very positive economic-growth indicator.

. . .

George Bush could be bottoming, though it may take several months for this to become clear. But add up all the reasons why the Bush stock deserves a “buy” rating: 1) the economy is strong; 2) gasoline prices are falling; 3) the GOP Congress will pass a sizable tax- and budget-cutting fiscal plan; and 4) after another successful election in Iraq next month, at least 35,000 U.S. troops will be withdrawn in 2006.

You can read the entire article at
http://nationalreview.com/kudlow/kudlow200511171217.asp

RNC SETS YET ANOTHER FUNDRAISING RECORD FOR A NON-PRESIDENTIAL ELECTION YEAR
[Guess who occupies the position of fundraiser in chief?! Yep, we Republicans just hate our president /sarcasm off!]
Contact: Tracey Schmitt
202-863-8614

WASHINGTON - RNC Chairman Ken Mehlman today announced that the RNC received over $85.7 million in contributions during the first ten months of 2005, a fundraising record in federal funds for a non-presidential election year. The RNC reported over $34 million cash-on-hand at the end of October after raising over $7.2 million last month.

“Our continued fundraising success is testimony to the broad base of support for President Bush and the Republican agenda,” Chairman Mehlman said. “There can be no mistake, Republicans are committed to accomplishing the President’s agenda for winning the War on Terror, creating jobs by growing our economy, making sure our borders are secure with an effective immigration policy, and many other important issues for the future of the country.”

Over one million Americans have contributed to the RNC in 2005.

http://www.gop.com/
[You can also view the "Democrats: Dishonest on Iraq" video at this site!]