[familyop]

BTW, much lower oil is not likely. The Fed is inflating the dollar now, and sending it lower. The political/regulator class must be paid more debt by big government over the next few months (incl. services with government customers).

Fed Extends TWIST Through End Of 2012, Prepared To Take Further Action, Market Unhappy
http://www.freerepublic.com/focus/f-bloggers/2897402/posts

[hattend]

I’ll pay extra through Decemeber if it gets Obama out of office.

Actually, here in the Alaska bush we’re paying $6.40 a gallon. Don’t expect the price to drop any until the next barge load of fuel.

[Gator113]

I would be happy to pay over $10 a gallon, if that would help get that piece of corrupt filth out of our White House.

Oh course, at that price I would quit mowing my lawns. ;>)

[arthurus]

Perhaps the declining oil price is a Saudi move against Iran. Arabia makes money at $60 a barrel. Iran goes broke at $60. The tactic was used against the USSR and it had a powerful effect. The Saudis went along with Reagan and boosted the supply of oil to make the price crash and stick the screws to the Soviets, which it did. The Sovs had run out of all the treasure they stole from Eastern Europe post WWII and the war booty they got from Germany and were living on their oil. The Saudis remember.

[arthurus]

the one drawback to having a lasting declìning price of oil right now is that people will feel like Good Times Are Here Again! and vote for the kenyan because he Finally Made It Happen.”