Rush Limbaugh Live Thread Wednesday 10-18-2006

Rush Limbaugh.com ^ | 10-18-2006 | Rush Limbaugh

[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.

[Fudd Fan]

Glad to find the real thread today.

[takeemout]

And the economy. The Dow has passed 12000 and is rising! I remember the phrase "its the economy stupid." Interesting they are trying so hard to quell any mention of it now.

[evad]

LOL...Rush right outta the gate with FR talking points.

We should get credit.

[rightinthemiddle]

Absolutely! Carpenter is ready to go tonight.

Oh, the joy of seeing the Mets fans (NY Democrats) unhappy after a Cardinal win tonight. That would be priceless.

[ChicagoConservative27]

You got it.

[alice_in_bubbaland]

Hmmm.....listening to the News at the top of the hour, you would think that the Dow is tanking. :)

[American Quilter]

Morning all. Thanks for the ping, Johnnie.

[Fudd Fan]

That's news to me. I'm a Met fan but I'm not a NY Dem.

Broad brush.

[MNJohnnie]

Thanks for covering for me. Sorry I was late.

[navynucmom]

OMG the other thread we were supposed to go to has been pulled, I go here...I go there...I am dizzy!

[hattend]

Duplicate has been pulled...this is the thread.

[MaestroLC]

Conservatives staying at home to 'teach a lesson' to the GOP should get real and get a clue. 'Stuck on stupid' is being kind to describe that kind of mentality. Tony Blankley is perfectly describing how dumb and irrational this is. Joe Scumbag is a disgrace.

[sono]

Here ... work N lurk mode ON.

[mewzilla]

Question for Limbaugh: 'Rats. RINOs. What's the diff?

Give us a conservative, Mr. Limbaugh and we'll vote for him/her.

[American Quilter]

The Dow's over 12,000? Woohoo!!!

[AliVeritas]

[Sensei Ern]

Hey all!

[RasterMaster]

What Rush calls "Blue-bloods" are the DUmocrat RINOs, like Goober and McLoon.

[angcat]

Thanks for the ping ....Godfather

[ChicagoConservative27]

Joe Scumbag is a POS. He really went off the deep end.