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 ...
That's it! InstaPundit is off of my blogroll! He never reciprocated anyway! LOL!
I know Stevens is 86, and Ginsburg in her mid-70s, but I haven't heard that either one is in poor health. I know Ginsburg is a cancer survior, but have had the impression that she's been in remission for a long time now. Have you heard anything lately to indicate otherwise about either of them?
I'm not wishing for their deaths or poor health, of course, just their retirement. Preferably today.
Hmmmm, the democrats will Send JIMMY CARTER and MADALINE ALBRIGHT back to negotiate.
I actually wonder if the reason Kim Jong-Il wants two party talks is because Albright and Carter offered the dictator a direct cash bribe.
Apparently not. Those people who lived through the great depression aren't the same people who wallow in credit card debt.
My dad was amberdextrous. He could give us boys a good thrashing with one hand, while adjusting the fine tuning on the TV with the other. I guess I learned it, too. x);-)
Talent WILL be reelected. He's a good strong conservative and the conservaties in Missouri like you, who have their heads plugged in, outnumber the stupid liberals and these fictitious conservatives who supposedly won't vote because they're disappointed in the GOP. YOU are a real live breathing voter who gives a rip about conservative values. That's what wins elections.
AmericanQuilter, the PA board is the local board here on FR
http://www.freerepublic.com/perl/profiles?location=86
OY..he is 79 did I hear that right? He should be put out to pasture.
You notice those who want to teach Republicans a lesson were 'drive by' posts?
I saw it and he's right
We either deal with it now .. or we will deal with it later .. but one thing is for sure .. it will have to be dealt with
Just like WWI and WWII .. many folks tried to hide and ignore it
Hiding and ignoring didn't work then .. it won't work now
I did see a report that Ginsburg was falling asleep during court sessions.
What is Rubbish about that?
Why the h*ll are you asking me that, genius?
I said NOTHING of the sort
Look at my tagline.....loonie.
LOL
Don't worry you are far away!
I saw the last Missouri debate the other night on C-SPAN, Talent was running circles around McCaskill. McCaskill didn't even thank anyone at the end of the debate.
Have you seen how many of the people that have voted on FR's poll...."pass" "stay home" "going wobbly"???
That is very scary, considering how much information that is the TRUTH that they get here...
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