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 ...
I call you crazy, but not for that, and not to your face. x);-)
Just Kidding.
I'll call you crazy to your face...but I don't hear you being crazy.
There is veto override also.. Which I think some people forgot about it..
Teaching Republicans a lesson for only being 50% conservative (or whatever number you want to assign) is as intelligent as taking away a solders gun in the middle of a battle because he misses a shot.
Exactly! I am staying optimistic. We will keep the House and Senate!
Great post.
And you believe in rewarding the Democrats for their continual 5 year drumbeat of bashing America?
Schuler
No I missed it. Was he on again last night?
The crazy thing is that those supposed conservatives staying home to teach the pubbies a lesson for not doing what they want turn out to be the dumbest of the dumb.
rodguy, the thought process of the stay at home conservatives goes something like this ---- by punishing conservatives they feel are not conservative enough (and they think RICK SANTORUM IS ONE), in the next election, the party will "wake up" and find the uber conservative.
Un.believable.
.....Schelske (her husband) having sex with other women, and that Schelske maintains Craigs Lists on his computers
That would have sent me over the edge. I would probably be in jail. Lord help me if I see anything like that.
Ethical Lapses Ignored
http://www.floppingaces.net/
Witness at Saddam Trial Recalls Massacre
http://sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/10/18/international/i051047D40.DTL
Starvation is Paradise
http://frontpagemag.com/Articles/ReadArticle.asp?ID=24942
L.A. Teachers for Terror
http://frontpagemag.com/Articles/ReadArticle.asp?ID=24970
Opeds Count More in War than Bullets
http://frontpagemag.com/Articles/ReadArticle.asp?ID=24988
From Ms. Underestimated:
What's At Stake In North Korea
http://www.captainsquartersblog.com/mt/archives/008306.php
Miller on North Korea (LOL)
http://www.msunderestimated.com/2006/10/14/dennis-millers-real-free-speech-on-hc-north-korea-video/
For those who missed War Stories: Jihad
http://www.msunderestimated.com/2006/10/16/the-jihad-an-historic-look-by-oliver-north-videos/
Or: the youtube page, while it lasts
http://www.msunderestimated.com/2006/10/17/ollie-norths-expose-on-the-jihad-youtube-videos/
Steyn re: American Alone on H&C
http://www.msunderestimated.com/2006/10/16/america-alone-mark-steyn-on-hc-video/
CSI: Baghdad
http://www.msunderestimated.com/2006/10/16/csi-baghdad-premieres-by-navy-journalist-2nd-class-john-j-pistone/
Scalia smacks around Ms. ACLU
http://www.msunderestimated.com/2006/10/18/scalia-vs-aclu-president-video/
Video from my personal favorite (you just have to watch it)
http://www.msunderestimated.com/2006/10/18/a-long-long-time-ago-we-were-wild-things-video/
Yes,tonight also.
"don't even want to think" --- Don't begin something new all of a sudden!
(just kidding)
;-)
I don't feel calling for Hastert to step down will affect the Republican turn out. Most people think every congressman is a crook, except their own.
leaves you speechless.
LOL, good analogy. :)
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