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Old 09-25-2006, 06:40 PM   #6
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Re: Gas Prices

It's not a conspiracy if it is true. And of course I blame the GOP for oil prices. After all, almost all of the leading GOP members DO have millions, if not billions, of dollars invested into the oil companies.

(Additionally, there is no difference in the gas you get at winter and the gas you get at summer. You're thinking about the anti-freeze that you specifically add to your engine AFTER you get the gas.)

Anyhoo, I'm not exactly the only person that thinks this theory...

Here's my favorite quotes from those articles:

Cynics and Washington insiders will suggest to you without much hesitation that gas prices are sure to rise again in a little more than 60 days -- right after the midterm Congressional elections on November 7.


With gas at $3 a gallon, a lot of folks might head off to the ballot box steaming mad at politicians and Big Oil. That would be bad for incumbents, i.e., Republicans. Imagine the cost to Big Oil of a Congress in the hands of the Democrats next year. Can you spell p-r-i-c-e c-o-n-t-r-o-l-s?

The cost of Democratic control of Congress to Big Oil might reach well into the billions -- a lot more than keeping a lid on gas prices between now and November.
Originally Posted by Peter K. Ashton
"As an economist, I cannot speculate on the politics that may be involved, but my recent research suggests that the recent drop cannot be explained by the drop in crude prices or the change in inventories alone. From an economic standpoint, therefore, it certainly raises questions in my mind as to whether the high prices we saw this summer were in any way justified by market fundamentals. I do not believe that they were. To the extent that prices are now declining more than market fundamentals might dictate suggests to me that a decision has been made to reduce prices back to levels that might be considered more in line with the forces of supply and demand. Whether that is a politically motivated decision is up to others to decide, not me! Nevertheless, it is clear to me that the prices we witnessed this summer could not be justified by the market."
Originally Posted by Steven Mufson
No matter what theory oil analysts used to explain the spike in petroleum prices over the summer, this week those analysts were saying that those factors -- geopolitics, supplies of refined products and hedge fund speculation -- are working in reverse to drive prices down.
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