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 ...
Maybe Rove (aka That Magnificent Bastard) has FBI files too.
Hard to tell. If its not an act, he seems like he could be a MEAN drunk. But he is hilarious.
Turban and Osama. Now, there's a team! Yikes!
Your scenario about Clinton assassinating Bush???
He would have 49% of Americans CHEERING what he did, also...
sick, huh?
Tom Tom, are we on the right path? Tom Tom should I bear to the right? Tom Tom why aren't you answering me?
Counter productive isults of conservatives??? WHERE??? If you're going to pop up out of no where and say something like that, back it up!!! Are you not listening to most of Rush's callers today or reading most of the posts here today? Everyone is saying the same things I am!!! The conservatives that will not vote because they claim to be upset with some GOP politicians, are NOT real conservatives. I hate to tell you, but that's the case. I AM unhappy with some things in the GOP and wish they'd fight and take the gloves and be confrontational like DeLay and take the fight to the liberal Democrats and stick it to them and quit giving a pass to RINOs who vote Democrat more than Republican in the House and Senate, but despite that, I'm STILL voting Republican in the election because that is NOT THE TIME to teach some childish temper tantrum lesson. I'm saying the same thing as Rush and everyone on his show and most people here, so if you disagree with my take on these gutless big talking wonders who say they're conservative but say they won't vote Republican this year, then you have a problem with 95% of the people here. If Conservatives want the GOP politicians to act like conservative, then the voters need to lead by example and vote conservative Republican, not have a fit and stay home helping Democrats. If that's insulting to some Republicans then maybe they have a guilty conscience.
When did this happen?
So was willie green... We got rid of him and we can get rid of this *****! Report her anti-American posts when they are as the one you posted.
LLS
Dean Martin had that schtick too. He never really was drunk and he said that what was usually in his glass was apple juice.
So, are you saying conservatives would have been happy with Bush concerning the ports deal and immigration if he had put them down on Miers?
Of course not - what you are saying is that conservatives needed to shown their place, or else be kicked to the curb. You just need our votes, money and volunteer hours - why should we expect actual conservative governance as a result?
Sheesh...and Rush wonders why conservatives are disillusioned with the GOP.
As I said, it was the victory that encouraged more of it, and this caught Congress square in the middle.
Damned inconvenient of us to expect Congress to act on the wishes of the voters who put them there... :-)
Congress did as congress-critters do, so when the election came up they ran from the president which has led to the current situation.
They ran from Bush because Bush's approval ratings plummeted, and because they are basically cowards. He makes a principled, unpopular stand on Iraq and the mice begin scurrying from the ship as soon as the going gets tough.
THAT is what Congress-critters do - and again, IMHO, it had nothing to do with Miers.
That is why Miers is related.
I'm glad it makes sense to you - personally, I don't see it.
Take a moment to see the World's Smallest Marine: http://blog.myspace.com/index.cfm?fuseaction=blog.view&friendID=6689905&blogID=181931457&MyToken=e4328d25-ec52-4748-8e01-b48d80ae3f6d
Something I really love about that interview now is knowing that Chris Wallas is a 20+ year long registered Democrat, and Clinton all but called him a right wing neo-con hack. How funny that is! Wallace like his father, is a life long Democrat hack, and CLinton turned on own of his own because he couldn't answer tough questions.
Total lunacy. You're totally right.
Sandra Day O'Connor will be hearing a few cases in NEW YORK.
That honor needs to be removed asap!
LLS
Why is she doing this?
Thanks for the reasoned, logical response. Best wishes.
Listen people: be Americans. Not Conservatives or Republicans. Americans. Do you think ANY ONE OF THE dems CAN EQUAL US? Do you think any of them give a flying fish about you and me? Vote the party that will at least give us a chance to survive: REPUBLICAN!!!
NO, NO and NO.
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