Posted on 10/12/2006 8:36:25 AM PDT by MooseMan
If you've been following recent media coverage of the elections next month, you've probably heard a fairytale that goes something like this: President Bush and the major oil companies have conspired to cut gasoline prices for electoral gains. In fact, a recent Gallup poll found that 42 percent of the general public believes the Bush administration has deliberately manipulated gasoline prices in advance of the fall elections. But a careful examination of the oil market reveals a much different explanation of why gasoline prices have been falling for the last three months. The simple truth is that changes in the world price of crude oil account for nearly all changes in the retail price of gasoline - and so recent international events such as an easing of tensions in the Middle East and growing inventories of oil exerted substantial influence in reducing both oil and gasoline prices - exactly what textbook economics tells us to expect. Indeed, global oil prices have dropped from almost $80 a barrel in July to less than $60 a barrel now, causing retail gas prices to fall from $3 per gallon in early August to $2 per gallon now in many parts of the country.
(Excerpt) Read more at sltrib.com ...
BWAHAHAHAHA
Well...he can control hurricanes...so why is it so hard to believe he can control gas prices?
Don't you know?
Bush, Rove, and Rumsfeld have a high powered Nofflestrontificator that they use to disgrontificate the minds of OPEC to bend to their every whim while singing Numa Numa.
They have Parindled the oil cartels, malum zambonifactum most fowl.
Crude prices drop 25% (80-->60), but retail drops 33% (3-->2) ?
Clearly, Rove is at work, as well!
Careful - that information is classified.
Unit "Darksheare" has been neutralized.
The sheeple ran with it...to CSPIN call in line, to various talk shows, and the LIE was around the world.
IATRYMBP!!!
ok, I give up, whazzit mean?
it can't be a lie..the folks at the DU insist it's the truth and claim to be able to back it up..(but in order to do so, they must first don their tinfoil hats)..
InAfterTheRoveYouMagnificentBastardPicture?
They should have to explain why gasoline was at a near record high during the 2004 elections; with his presidency on the line, if he could have lowered prices he ought to have done so then. In fact, he refused to release oil from the strategic reserve and was criticized by the Dems for not acting to lower prices.
For those with slightly longer memories, Clinton did exactly that during the 2000 election, releasing oil from the strategic reserve to lower gasoline prices during the the run-up to the election, a transparent move to aid Gore.
So the history is that a Dem will manipulate the price of oil for political gain, and Bush won't, not even to save himself. Thats the history.
The left's assumption is that the American public is too stupid to see through their lies.
That certainly applies to the democratic electorate.
It is possible that S.A. manipulates prices in order to support Pres Bush. That wouldn't surprise me at all.
re: Nofflestrontificator
Weren't you sworn to secrecy when you were shown that device by the aliens that took you that dark and stormy night?
Bush must be a lot smarter than Carter, back then I was waiting in a line almost a mile long to get gas. I wasted more driving to the pump than I purchased.
Have you no mercy for the speculators buying November crude in August? How mean-spirited can you get!
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