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 ...
Of all people, Charlie Rangel.
Forbes magazine. I think, however, Rush is not clear on the difference between median and mean.
And with more R's in office, we can safely rid the party of RHINOS.
See my Reply #241 above.
As for cheap shots, it was Rush taking cheap shots at President Bush not so very long ago.
Big fleas have little fleas upon their backs to bite 'em,
and little fleas have lesser fleas, and so ad infinitum.
I think you just hit the big bullseye. Congratulations! :)
I don't know if you have been watching the interview with President Bush, that O'Reilly has been doing..
but, I find it interesting that he(Bush) is pointing out that even though there may be a LOT of people in America questioning what he is doing, by going into Iraq, and other policy decisions re: war on terror....
That if he DIDN'T there would be more people years from now wondering WHY HE DIDN'T....and why he let the chance to stop the Islamofacist movement gain strength instead of doing something about it.
Your gonna get mad.
I have craigslist on my PC. A lot of people offer free stuff on there, and I got my first stand up gig on there. Plus, they have tons of motorcycles for sale.
Saying that craigslist prove someone is a pervert is like calling someone an adulterer for going into 7-11 because they sell GQ magazine.
We very well could lose the election with stupid advice like that being giving out by those on "our" side.
I swear, I wish I hadn't stopped listening to Laura Ingraham over a year ago, so I could stop listening to her again!
That looks great.
Exactly right! WE are the reservation, and WE ARE NOT GOING ANYWHERE!!! I do not know a single soitary so called "conservative" who is not voting. Every single member of my family and all my friends and Republican acquaintances are ALL voting Republicans and are all frustrated by these mystery "conservatives" who supposedly aren't voting. If they exist, where are they? The conservatives who claim they won't vote because they're frustrated with some Republicans, they're like a Snipe. You always hear about the, but NEVER EVER actually SEE one. It's a media created pharce.
thanks
http://www.forbes.com/economy/2006/10/16/demographics-income-population-biz_cx_tvr_1017median.html
"The typical American household has a net worth of $465,970, up 83% from 1965, 60% from 1985 and 35% from 1995."
This is absolute rubbish.
And in other news, the UN will impose more useless sanctions to 'teach them a lesson'.
Thanks for that info. Explains the holier than thou attitude. No doubt linked with the hope none of this comes out.
More useless pieces of paper.
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