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 ...
Yes! Well said. How can anyone even think to vote for a party that has call our men murderers.
Nope....he's drinking Scotch!
Nobody knew her better than the President, and I trusted his judgement.
If she had come up short in the hearings, fine. But trashing her because the far right didn't trust the President was a very, very bad move.
Thanks, brain freeze.
What??? Really? Didn't she retire from the SCOTUS so she could spend more time with her ailing husband? Or is my memory incorrect? I hope she didn't replace the one conservative justice on that court.
Yes I misspoke. I forgot that McCaskill is the dumb babe Democrat. I keep thinking it's a guy running against Talent. I think they're running her figuring it would be harder for Talent to take the gloves off agianst a liberal woman. She's such a wack job though.
Miers was the one who vetted John Roberts for the job of CJ.
< http://www.buchanan.org/pa-00-0812-speechnomination.html
3rd party pukes have as much of a chance as this guy of getting elected:
Yes she is indeed. :)
Very well thought out. Also true.
She sure won't. If Bill Clinton assassinsated President Bush on the White House lawn in front of 300 witnesses and two dozen TV cameras, she'd be claiming it was self-defense. Note what you'd call an open mind.
I know she is, but I wanted to let those on the Rush thread to read her comments about the DOW passing the 12,000 mark and praising X-42 and Algore for the gains today.
Excellent.
I got a good laugh reading that delusional mess from a kneepadder. LOL
Absolutely!
LLS
Massive layoffs at NBC...YA-HOOTY!!
Nope, nothing wrong with your memory at all. That was the ostensible reason. Now I wonder what the REAL reason was.
Yes how awesome would that be for Bush to get to replace Stevens and Ginsburg when they have to retire the next couple years, and have a GOP majority in the Senate to replace whem with Roberts/Alito/Scalia/Thomas type strict constructionist conservative Judges. THAT would be truly awesome, seeing the SC transform before our eyes in the past year and the next two years into a Constitutionally responsible Supreme Court. And when those two retire, that will be the ugliest that politics will have been in our life time, because the Democrats will fight that more than anything else they've ever fought, because they know if they lose those two seats to constructionsts; non-activist liberal Judges, then they have just lost their auxillary legislative branch. That will be a hugely ugly fight which they will lose horribly because most Americans want conservative Judges. The liberal Justices letting imminant domain take away people's homes for profit was the last straw for most Americans tolerating liberal Judges.
Did you see this: A woman soldier named Duckworth who lost both legs in Iraq in a helicopter crash, was approached by Durbin to run for the House as a democrat. Durbin has called our soldiers murderers and likened them to Hitler and PolPot. Did she spit in his face? Nope. Ms. Duckworth looked him straight in the eye and said "ok, Mr. Durbin". There are heroes and then there are not.
Assassinsated=assassinated.
Note=not.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.