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 ...
I read that article from Rush's site and I find NOTHING that says there were 200 teachers found guilty....NOTHING. NOT ONLY THAT>.....he REMOVED THE LINK! HE MUST OF MISUNDERSTOOD OR LIED. WHERE IS THE BACKUP RUSH??????
Missed this one!! Love that twinkle in Rush's eyes.
Thanks, but Rush was also talking about a blogger post, wasn't he?...Tony is editorialist/columnist.
McCain is an absolute no-lose situation for the MSM.
They know he splits the GOP base - either sending conservatives to a third party if he wins the nomination, or sending the mushy middle that way if he doesn't. In all, he is the perfect candidate for the Beast to face if she wants a return ticket to 1600 PA.
And, if by some miracle he would look like he might win it, they'll simply regurgitate Keating 5, his fondness for the word "gooks", or something else to destroy him.
If McCain is the GOP nominee, Hillary waltzes back to the WH, IMHO.
Kute Koop
JohnHuang2 has a very clever essay in Finest today. Title: Fake Pollgasms linked to Rat's ELECTILE Dysfunction.
This fits right in with Rush's points yesterday about spiking the ball on the 10 yard line.
Is there anyway to send a copy of JohnHuang2 essay to Rush. I am not a 24/7 member and there doesn't seem tobe a contact e-mail for non members.
Tonight is the big game! Will they or won`t they go to the World Series? Daaaamn, and I just got home from work and I`m exhausted, I`ll never make it awake through the whole game...Oh damn, if they win it`s going to insane here. I guess the honking horns from the cars will wake me up.
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