Posted on 10/18/2006 9:03:11 AM PDT by MNJohnnie
http://www.freerepublic.com/focus/f-news/1720277/posts
Why Gas Prices Dropped money.cnn.com ^ | October 16 2006 | Nelson D. Schwartz
Posted on 10/16/2006 10:31:49 AM CDT by kellynla
(Fortune Magazine) -- If the recent plunge in gas prices is the result of a conspiracy by President George W. Bush to help the Republicans retain control of Congress, as 42 percent of Americans believe, according to one Gallup poll, a lot of Wall Streeters wish they'd been in on the plot.
So what really drove prices down - if not an Oliver Stone-worthy scenario involving the Commander-in-Chief, the House of Saud and Secretary of the Treasury Hank Paulson cajoling his cronies at Goldman Sachs to sink the crude market?
By late summer, hedge funds and other investors had poured billions into long positions in oil, gasoline, natural gas and the rest of what traders call the "energy complex," all betting on a replay of the severe 2005 hurricane season that sent prices soaring in the wake of Katrina and Rita. But one day after oil reached a monthly high of $76.98 a barrel on Aug. 7, government meteorologists downgraded their hurricane forecast and cautioned that a repeat of 2005 was "unlikely."
That announcement, combined with the end of the summer driving season and a recalibration of the Goldman Sachs (Charts) commodity index that reduced the weighting of gasoline, prompted speculators to head for the exits even faster than they'd piled in.
The switch in Goldman's basket of commodities had been previously announced by the firm, but that didn't stop the conspiracy theorists.
(Excerpt) Read more at money.cnn.com ...
Anything to do with a dead intern?
ON the other hand, you KNOW what you'll be getting if you go democrat. Furthermore, we'll get it too. If you want to cause yourelf pain, try sitting on a tack.
Push has come to shove, and a vote for Dems, or no vote if you are a conservative is idiotic. That's just the way it is.
I'm sure a lot of foolish talking heads regret some of their over the top criticism of GWB especially.
...Let's see...McLoon v Hitlery...
*Lever being pulled* for McLoon...Sorry, Raster...it's no contest....
Once the election is over, there is only a short time before the speaker is chosen. THe momentum for change needs to start now, and then when the selection happens, the call will be heard. If it is held until after the election, the voice will be pushed aside as hysterical nonsense.
Thanks for the info.
Rush is not insulting conservatives, he is speaking the truth. I don't see Rush endorsing McLame under any circumstances.
I also would take exception to labeling people on this thread as kool-aid drinkers voting blindly for GOP. I am no fan of RINOs, but they can be weeded out over time. I'd rather live with some RINO pain than Dem madness any day. That is not kool-aid drinking, that is living in reality.
Actually Glenn Beck has been more supportive of the Bush policies than the other two have been.
Call me crazy .. but after all Rush has said about McCain .. I don't see him join the McCain bus tour
Hey sono, I saw that.
Unfortunately, being a gay chickenhawk is no longer illegal.
If Dems get back in, it will be in vogue.
It's so simple. Give me a good conservative candidate I'll vote for them. Give me McCain I won't.
There are a lot of them where I'm from in southern Illinois.
Hastert should not step down because Foley is a queer freak. He should step down because he is ineffective as a leader.
Agreed. None of us will live that long.
Try accomplishing anything out of power. Your ideas aren't worth a warm bucket of $hit when you don't have the ability to implement them.
And the drug crack about Rush was lame.
Vote Democrat--It's Easier Than Thinking
This is my favorite bumper sticker.
No by much
What I'd like to know is, are there any of these so called conservatives that aren't going to vote to teach the GOP a lesson, here on FR??? If so, I hope they'll have the spine to speak up. Because they're IDIOTS and they're helping the liberals that they supposedly oppose.
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