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 ...
Good morning Johnnie!
A lot of folks on this thread
http://www.freerepublic.com/focus/f-news/1721520/posts
should be listening to Rush.
Amen. It takes many election cycles to weed out the RINOs, and primaries are the place. You can't win anything by crying and losing. The whiners should STFU, buck up, and vote. Dem majority is NOT going to teach anyone anything, it will only lead to disaster.
It's not 1993. We have had 9/11, War on Terror, NK nuke tests... These are dangerous times. We CANNOT be short-sighted and think 'losing is winning' by letting Dems take Congress. That is not an option.
Joe Scumbag is full of crap. 'Nuff said.
Rush takes on the negative 'conservative' bloggers. GO RUSH!!! This opinion piece is so wrong-headed. 8 years of Clinton...get a life and remember that!
Me too, but we can handle it--flexibility is the key to air power, as we AF types say!
Dittos! If you want to send a message, do it during the primary.
yes, misery! And, they want to spread that misery all around!
NO RUSH, WE ARE NOT SITTING IT OUT IN MISSOURI!!!!
There will be at least one, maybe two Supreme Court vacancies in the next two years, and those Republicans sitting out this election will be who is responsible for the milk toast moderate Justice we will get if the Senate is Democrat majority, and I want to know who those Republican traitors are so they can be black balled!!! If people sell out their values by not voting Republican next month, then they're traitors and they're NOT conservative!!! Period!!! I am really sick of this gutless wonder yellow voter crap. If someone is a REAL conservative and they MEAN IT, they'll be voting Republican next month. If not, then that speaks for themselves. They're not really conservative, and their supposed conservative values they hold so dear is nothing but LIP SERVICE!!! I'm sick of these weak gutless big mouthed people who talk a good game and then isn't there when it counts.
I've seen a liberal in this town driving a small, faded, old car with a big hand-drawn sign on the rear windshield that states what the current American death count in Iraq is. The rest of his car was plastered with "Bush lied, people died" and other such signs, all handwritten. I had to exercise considerable self-discipline not to start yelling at him.
Sounds like the ones that have invaded the Pennsylvania board....:(
Ooh, french toast! Pass the maple syrup, please.
Ha!...I laugh in the face of democrat overconfidence.
(and I missed 3 football games thus far - bummer!)
Traitors yes but not because they aren't conservative; because they aren't Americans. Regular common sense Americans who have a knowledge of our country's history and want to preserve its FUTURE would move Heaven and Earth to keep that band of socialists out of power.
Hee hee... on CNBC they look so sad! Its like they are quite disappointed with the Dow's (over 12000) performance today.
RINO's aren't the problem, it's these pundits who supposedly are conservative that are the problem. The RINO's aren't the ones out there writing puff pieces telling people to vote for the Democrats to teach the Republicans a lesson.
No way in hell I'm voting for the party of TREASON....
I think I would have thrown a cowpie in his face.
From your pen to God's eyes. But I can see Stevens hanging on as long as he can draw breath. No liberal justice will voluntarily retire while Republicans hold the WH and congress.
The Amazin' Mets had better get it together tonight... :-(
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.