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 ...
It really soured me on Limbaugh; so much so that I cancelled my Limbaugh Letter and Rush 24/7 (I was a charter subscriber to both).
It would help if you were more specific than that.
Welcome (a little late!) to FR, Last Laugh!
This may be a good idea to go back to the archives and see what he is talking about.. I don't recall this.
Or jobs, consumer confidence and housing.
No, I listen to Dennis Prager — a staunch conservative who is also intellectual — via Salem Broadcasting.
I don't either, and I've been a dittohead since July 1989.
Ben Nelson (if I'm thinking of the right Senator) is the only Democrat that can reasonably be called "moderate" and he's still a Democrat about 60% of the time. More then even the most liberal RINO in the House or Senate. There isn't anyother Democrat that even comes close that I can think of. There are NOT and REAL conservative Democrats like there use to be. They're all flaming libs, or closet libs, and mostly vote the same when it matters. The closet libs vote against the party when it doesn't matter to placate their less than liberal constituancy, but not when their vote is really needed. There are liberal Republicans and moderate and conservative Republicans, but basically there are only flaming and closet liberal Democrats now a days, and a very few moderate Democrats, and they're scared to death to assert themselves.
Conyers made comments either really late last year or earlier this year about regaining control and 'payback' for the Clinton impeachment. I am not sure if it was mentioned earlier than his comments, but its been a common theme in the blogs and even Rush spoke of it earlier this year.
To think I took my child there 8 weekends to stump in '04, PA needs to wake up.
Nice sketch--ROFL!
That's a bit different. One man making one choice, which can be appproved or not by the worthies in the Senate. As opposed to voters in 50 states making many choices, which will affect us all but about which we can do nothing.
yes he's missing the liabilities part of the equation
"Boy, he REALLY was for term limits. x):-)"
I believe I didn't make myself clear. He ran for a second term and won. I'm not sure, it could have been his third term. Can't remember. I do know he served at least one full term.
That night life must be hell on an old ACLU moonbat.
How much is it worth to you?
http://www.youtube.com/watch?v=LC24MfUehJ0
I see whiners sometimes here, but it seems like most of these gutless "conservatives" who won't vote next month don't have the nerve to speak up about it. That's what annoys me. They will fold like a cheap tent and help Democrats get elected, and still claim to be such a good conservative. Voters like that wouldn't make a pimple on a REAL conservative's a*s!!! That's a fact.
Nicely turned phrase - and true! Kudos.
Rush is speaking from a non-democrat position. As am I.
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