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 eminent domain ruling was one of the worst in the history of our country. Pure legalized theft, and an assault on one of the most critical pillars of any free society--security of property ownership. No country can prosper without it.
I believe it's vital to get at least one more truly conservative justice on the SCOTUS so that ruling can be overturned.
This caller is a dip s**t.
My grandmother is the same way. She has credit cards, but they never get used until Christmas time, and when the bill comes, it gets paid the moment it shows up in the mailbox.
The DNC doesn't have money mostly because Hillary is sucking up all of the donation money..
And any that is left is spent stupidly, by Howie Dean.
Napoleon, prayers and rosaries up! Even though your brother's a Buchananite. LOL
He's reading his rant.
"Pat Buchannan conservative"??? What the hell is that? Another Joe Scarbro?
Yes when you find intelligent ones they at least eventually can be worn down and reasoned with over time. I emailed some moron the other day who actually claimed that the $260 billion Clinton surplus was a real surplus and was paying down the debt and there was no deficit those years under Clinton, which is all just garbage. The surplus was projected, and didn't happen, and wasn't real, and there was ALWAYS still a debt each year adding to the national debt under Clinton. How can you reason with someone so stupid they state a flat out lie as fact??? You just can't. You can only tell them that they're wrong, and that their information is totally inaccurate, and leave them to be as wrong as they want to be.
LOL, cut the drama, it does not work with me.
!!!!!!!!!!
Is Good Year union?
Rush, it only takes two word to deal with DUmmies: "You're wrong!"
Allen--they have really tried to destroy him. Think he'll go for Pres in 08?
"Pat Buchanan conservatives" are so much more conservative than the rest of us, dontchaknow. And oh-so-sanctimonious.
Firestone wasn't union...don't know about Goodyear.
Pat Buchanan is still living in 1986. He has yet to understand 9/11 and the world we live in.
It starts at 2:30 and gets nasty at 3:00.
Was the movie "The Chosen", with Robbie Benson and Barry Malkovich? Chaim Potok's book did chronicle very accurately the conflict among American Jews over the creation of Israel. Very interesting read, in addition to being a great novel about two boys coming of age.
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