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 ...
Bullbleep!
Rush earned the flat of my blade when he turned viciously against President Bush as a ratings stunt during the time when Rush admits he went through the day stoned out of his gourd.
I'm betting that Rush's ratings were going south so he started Bush-bashing in order to create a buzz.
Rush is not being truthful when he says that he has been steadfastly constant in what he says.
Rush flip-flops from time to time as he believes the situation requires.
That actually doesn't scare me - after seeing McCain campaign with the dripping disdain he has for evangelical Christian, I really think he would draw more voters from the Beast than from a conservative Pubbie.
The point is that neither make it through the primaries...if either are in the WH, it's over folks.
Please give us the better option in the voting booth.
I'd vote for a Republican murderer over a so-called conservative leaning democrat. See, it all has to do with numbers. Higher numbers give the GOP a majority. Whereas, lower numbers will give us minority status. Got it?
I turned off my pinger .. they have been saying the same stupid crap for years
Gee! Who knows? There was one found in the House one night.
"You will get to your destination even if you travel at 10mph. You will never reach your destination putting the car in reverse."
HEY MNEHRLING! LTNS!
You will get there, but it is a 24,000 mile drive.
Anybody know what Rush was just reading from- about Mr. & Mrs. median income?
Yes he is!!! Rush is doing EXACTLY what's needed today. And as the media continues to ride the Foley story, ignoring Reid and his $1.1 land deal avoiding taxes, and Pelosi marching with NAMBLA activists, or the now dead five term Democrat Congressman who actually had sex with a teenage Page, whom they celebrate instead of punnishing, and other Democrat scandels, they will drive more and more voters to the GOP. Foley-Gate is a liability now and it's not winning them any votes. The hypocrisy of it has cost them, and the Democrat and media's willingness to be anti-gay if it gets them power shows just how twisted they are. Folay resigned before day one was closed, which no Democrat ever does. That showed a bigger difference from Republicans to Democrats to the voters then anything the Democrats or the media says about any of it. Plus the fact that all they can do is accuse Hastert of knowing about it, but have no evidence or witnesses who say they showed him the PMs. The attempt to nail him with the emails failed, since it was proved that the emails were non-sexual and even the FBI wouldn't do anything about them. The Democrats aren't sitting as pretty as the media keeps saying they are. A lie is still a lie no matter HOW MANY times it's repeated.
Absolutely correct. One of my favorite questions to ask Democrats is, "What do you think happened to American communists when the Soviet empire collapsed? Do you think they all saw the error of their ways and starting voting Republican?" Stumps them every time.
LOL. Give me a break.
If you want to get rid of the RINO's, and advance conservatism, you do it in the primaries, not when it really counts.
And this with North Korea will be important to voters too. Who exactly do voters trust with this kind of problem? The GOP, or the party of Clinton, who gave North Korea the technology and material to make these bombs in the first place? I think that answer is clear.
Winning is simply defeating the Commie-Vampires.
Vote straight "R".
Very simple, an un-American Party vs the American Party.
On the other hand, hysterical nonsense voiced BEFORE the election is liable to lose Hastert the seat to(say it with me now) the democrat challenger.
BAAAAAH!!!!!
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