The Real issue to be investigated is how the price was artificially raised to $60.00 during the month immediately prior to the Election.
Who did what and when did they do it to drive the price to the artificially high level? Why is the price coming down to the real supportable levels of $42 or even the Mid $30's in the next few weeks?
I like low priced Oil just like everybody else, but I would like to have a good explanation for why they went up to $60 when they did, just in time to try to defeat George W. Bush, and why they were not sustained at that level? Why, exactly, are they coming down now?
RamS
Well we were blaming it on Soros and his tactics yesterday.
Good question. I remember months ago some were speculating that Soros was behind the rise in oil. Funny how it is dropping rather quick this soon after it no longer needs to be high.
Could it be a famous billionaire dem? Maybe a George S? Were dems were willing to tank the economy to defeat Bush? Would anyone put it past them?
What we do know -- if true -- is it won't be a MSM story. Anyone?
"The Real issue to be investigated is how the price was artificially raised to $60.00 during the month immediately prior to the Election."
You hit the nail on the head, dude.
In addition to that, most people don't stop to think that with the dollar going down in value if all things were equal a commodity like oil would correspondingly go UP in cost. The falling oil prices are even more dramatic than they look to us here in the U.S.
We have gone from an economic "perfect storm" a few years ago to an incredibly good position....keeping in mind where we came from just a short time ago. No, not perfect, but pretty damn good & getting better!
Maybe the markets were horrified that a President Kerry would f*** everything in the middle east. Keep in mind, the oil market took off as Kerry started to do better in the polls.