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 ...
They are the ones who voted for Perot as well.
I hope this does not happen again, but it has a history of happening.
Rush is a bit late to see this, but he has....finally.....
Is she for real?
Too damn many women involved as it is. Got too much hairspray and not enough brains. I'm so sick of seeing those long haired floosies on cable news. I call them cocker spaniels. Add to that the babes in politics, judges, lawyers etc etc. I guess they aren't married to men and have no male children. The year of the woman, my eye. Tell them to shut the heck up for a year!
And, by the way, I'm a woman.
McCaskill is a putz of the female variety.
Well that would explain her votes on the court. She's not qualified to be a district court judge, much less be a Supreme Court Justice. She soils the SC chambers ever time she enters it.
I can't believe you're still beating this dead horse nearly a year later.
Can't you just admit you were wrong about Miers and conservatives were right to demand a verifiable conservative for the position? Is it that difficult?
It really isn't that hard - I speak from experience. Hell, I'm wrong all the time (just ask my wife), and I don't have a problem admitting it when I am ...
...otherwise she'll really let me have it! :-)
Billings Gazette: TV broadcasters halt anti-Burns ad
God she is a moron.
I cannot tell you how depressed I was when I read that.
Thos coward gutless trolls who claim to be conservatives but say they won't vote should rent a spine and speak up and explain themselves. If they're REALLY conservatives, they'll vote Republican to keep the Democrats out of power and then fight like h**l to make the Republican party more conservative in the primaries.
I can't see the picture, unfortunately. My organization blocks a lot of them. I appreciate the thought, though!
Yes, and she is dead serious.
Did you hear Rangel step on his own penis?
"We should be using the Military Code of Justice?" LOL
That's what we're doing. hehehe
Rangle LEAVING congress is another reason to vote REPUBLICAN!
BIG dittos! :) I agree totally. You're so right. Not voting is as bad as voting Democrat.
That's positively deranged. At first read it sounds like satire but I know she really believes it. Sick stuff.
You're welcome! :)
Where the hell doe's she get that from? She has no clue.
Allen is shaping up more and more to be the best all around real conservative for the ticket in '08.
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