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Democratic Gas Price Conspiracy Theory Shot to Hell
netWMD - The War to Mobilize Democracy ^ | January 12, 2005 | Andrew Jaffee

Posted on 01/12/2005 1:44:12 PM PST by stevejackson

Yes, the election is behind us, but it is not yet time to heal the wounds. We cannot let the Democrats forget the vitriol they spewed during the campaign. Their ugly tactics are part of history. Forget history and we repeat our mistakes. Remember Bob Woodward’s charge that President Bush and the Saudis had a secret “deal” to keep oil prices low in the run-up to the 2004 presidential election? (See also here). There is no documentation showing that such a deal was ever made. Historical oil and gas prices in 2004 provide empirical evidence that no such deal was ever implemented.

Anyone with an Internet browser can find historical retail gasoline prices at the U.S. Energy Information Administration website. I downloaded their gas price data for 2004 and made it into the chart/graph shown below in Figure 1.


Figure 1. Retail Gas Prices in 2004

Shown below in Figure 2 are crude oil prices for 2004. Gasoline is refined from crude oil.


Figure 2. Crude Oil Prices in 2004

Notice that average U.S. gas prices and crude oil futures steadily rose throughout 2004. Notice also that prices peaked right around election time and steadily decreased thereafter. This data is contrary to Bob Woodward’s conspiracy theory. If Woodward was right, then gas prices would have steadily decreased in the run-up to the election. If there was a conspiracy, then it was one of the most poorly executed in history.

Mr. Woodward is considered to be a pillar of journalism by some Americans. After all, he exposed President Nixon’s Watergate shenanigans. But the fact that Woodward would stoop to lying about President Bush shows the sheer desperation of the Democratic Party in 2004. Their hatred of Bush was so deep that emotion overpowered all the rules.

The Left’s poster children, like George Soros, Michael Moore and the NAACP, spent millions of dollars trying to deceive the American people about President Bush, Iraq, the economy, etc. Look what it got them. Americans -- especially the heartland -- didn’t buy it. Bush garnered the largest popular vote in U.S. history. The President received a real majority, 51% or 59,291,983 votes. The Left can complain all it likes, but that’s the way our system works. If Americans were so fed up with Bush, they wouldn’t have reelected him. He now has a true mandate. Will the Democrats’ resounding loss of the presidency, House, and Senate cause them to think about what is happening? In the short term, I doubt it.

Sure we live in a divided nation, but the division is not between the right and the left, it is between the right and the wrong.

http://netwmd.com/articles/article855.html


TOPICS: Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: 2004; bob; bush; campaign; charge; conspiracy; deal; democratic; democrats; documentation; election; empirical; energyprices; evidence; gas; george; hell; historical; history; implemented; keep; low; mandate; michael; mistakes; moore; naacp; no; oil; president; presidential; price; prices; repeat; saudis; secret; shot; showing; soros; tactics; theory; to; ugly; vitriol; woodward

1 posted on 01/12/2005 1:44:18 PM PST by stevejackson
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To: stevejackson
If there was a conspiracy, then it was one of the most poorly executed in history.

On the contrary...It seems to have been well executed, just not by the Bush Administration...

2 posted on 01/12/2005 1:47:26 PM PST by Onelifetogive (* Sarcasm tag ALWAYS required. For some FReepers, sarcasm can NEVER be obvious enough.)
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To: stevejackson

Maybe I misunderstand your point with this post. But the Dums would want the prices HIGH before the election. They would thereby be creating a false pocket book issue. You know us idiots out here supposedly vote our pocket books. If anything I think the graphs prove the point.


3 posted on 01/12/2005 1:48:04 PM PST by marty60
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To: stevejackson
The graphs, however, make a pretty convincing case that someone manipulated the spot market to the detriment of President Bush. Soros??
4 posted on 01/12/2005 1:48:07 PM PST by LOC1
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To: marty60
"This data is contrary to Bob Woodward’s conspiracy theory. If Woodward was right, then gas prices would have steadily decreased in the run-up to the election. If there was a conspiracy, then it was one of the most poorly executed in history."
5 posted on 01/12/2005 1:50:03 PM PST by anniegetyourgun
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To: anniegetyourgun

Maybe my problem is I don't know WHO Woodward is accusing of Caonspiracy. If it's the Repubs, then I would have to agree with the article.


6 posted on 01/12/2005 1:52:11 PM PST by marty60
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To: marty60

Yeah, I think that was his charge - that Bush was in league with the Saudis to bring price down prior to election. Or some such nonsensical conspiracy theory that eminates from these whack jobs on the Left.....


7 posted on 01/12/2005 1:54:00 PM PST by anniegetyourgun
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To: marty60

But you may also recall that Kerry alternatively called Bush weak for not pursuing such a strategy. Poor prez, damned if he did....and damned if he didn't.....


8 posted on 01/12/2005 1:55:25 PM PST by anniegetyourgun
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To: anniegetyourgun

But, Bush didn't fall for it. He has plenty of friends in the biz. I'm sure someone told him what was going on. I'm just glad they are all trying to balance their checkbooks.


9 posted on 01/12/2005 1:58:07 PM PST by marty60
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To: Onelifetogive

I remember reading an article about the Chinese and other anti-Bush forces manipulating gas prices. There was never a shortages, just manipulation of futures.


10 posted on 01/12/2005 1:59:34 PM PST by stinkerpot65
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To: marty60
Woodward accused Bush:

Remember Bob Woodward’s charge that President Bush and the Saudis had a secret “deal” to keep oil prices low in the run-up to the 2004 presidential election?
11 posted on 01/12/2005 2:01:35 PM PST by stevejackson
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To: stevejackson

I should have known. Belushi,Casey, Bush Oil, the guy is a whackjob.


12 posted on 01/12/2005 2:07:04 PM PST by marty60
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To: stevejackson

When you put Democrate and Conspiracy Theory in the same sentence it always goes bust.


13 posted on 01/12/2005 2:08:23 PM PST by Next_Time_NJ (NJ demorat exterminator)
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To: anniegetyourgun; stevejackson
But you may also recall that Kerry alternatively called Bush weak for not pursuing such a strategy.

Exactly.

It was a two-way conspiracy theory. They accused Bush of making a deal to keep gasoline low before the election, which clearly didn't happen. And then demanded that he release oil from the Strategic Reserve to bring oil down. But had he done it, it would have played into the first charge, that he was manipulating the price of oil to keeep it down.

Of course, all that overlooked the fact that Clinton did precisely that, release oil from the Reserve during the run-up to the election, to force the price of gasoline down temporarily. As soon as the election passed, the price shot back up.

In this case, the price was driven up right to the day of the election, upon which time it fell back. Someone was manipulating it, but it wasn't Bush.

14 posted on 01/12/2005 2:09:58 PM PST by marron
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To: stevejackson

the democrat book published before the election which argued that president bush was going to use his family ties to reduce oil prices before the election was...a dud!

there was a guy interviewed by lars larsen last night who says michael moore was registered to vote in 2 states and has received tax breaks on 2 houses in 2 states, against the law.


15 posted on 01/12/2005 2:11:11 PM PST by ken21 (buenos mucus!)
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To: ken21

Hope he is prosecuted and does jail time.


16 posted on 01/12/2005 2:13:10 PM PST by anniegetyourgun
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To: stinkerpot65
It wasen't a conspiracy, just market forces at work. Everyone on Wallstreet was skidish the Kerry would win which would have put the economy in danger. As far as the eviro-mental wackos are concerned, the best way to go alternate energy is to price existing oil out of reach making alternate more ecomomical.
17 posted on 01/12/2005 2:22:05 PM PST by txroadhawg (Don't believe any statistics unless you made them up yourself)
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To: stevejackson
It was a Bush conspiracy to hold gas prices down. Otherwise it would have hit $3/gallon.

Chicago Sun-Times ^ | 1/16/04 | Lucio Guerrero

Drivers of SUVs and other gas guzzlers may want to keep their vehicles parked over the summer.
That's because some experts are saying that gas could -- gulp -- hit the $3-a-gallon mark.
"It is not only possible, it is probable," said Fred Rozell, director of gasoline pricing for Oil Price Information Service, which tracks and reports on the oil industry.

"In the summer, we consume more gasoline than we produce. "[This year] we won't have that extra supply to help us." Winter weather, bolstering demand for heating fuels, already has cut U.S. crude stocks to the lowest level since 1975.

18 posted on 01/12/2005 2:27:47 PM PST by Capt. Tom (Don't confuse the Bushies with the dumb Republicans - Capt. Tom)
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To: stevejackson

Good post! Not to mention that we get most of our oil from Venezuela...


19 posted on 01/12/2005 2:30:24 PM PST by jcb8199
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To: stevejackson
Also worth remembering is that while Bob Woodward started backing away from his accusation, the top leaders of the Democrats in the house lept in to take up the cause:
The three top Democrats in the House, Minority Leader Nancy Pelosi of California, Minority Whip Steny Hoyer of Maryland and Democratic Caucus Chair Bob Menendez of New Jersey, sent a letter to the White House demanding that Bush "fully explain the agreement that you or your administration reached with the Saudis to boost oil production and disclose any promises or commitments that have been made to the Saudis on behalf of the U.S."

20 posted on 01/12/2005 3:22:06 PM PST by Catholic and Conservative
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To: anniegetyourgun
But you may also recall that Kerry alternatively called Bush weak for not pursuing such a strategy. Poor prez, damned if he did....and damned if he didn't.....

With Kerry as an opponent, the president could get the full range of accusations from a single source. Characteristically, Kerry accused the president of doing both too little AND too much to keep gas prices low.

21 posted on 01/12/2005 3:24:32 PM PST by Catholic and Conservative
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To: anniegetyourgun
i think it was this guy kevin leffler that was on lars last night:

Michael Moore didn't start bending the facts with "Fahrenheit 9/11." He's been doing it for years. From his early days of editing the local alternative newspaper "The Michigan Voice," to later making "Roger and Me" and writing "Stupid White Men," Michael Moore has made a living distorting the truth and using anyone and everyone to achieve what he wants.

While most of us can only guess what makes Moore tick, Shooting Michael Moore filmmaker Kevin Leffler knows firsthand. Leffler grew up with Michael Moore in Davison, Michigan and attended the same high school and the same Catholic church as Moore. The pair even shared long conversations while working side-by-side for two years at a local crisis center.

Join Michael Moore's hometown buddy, Kevin Leffler, in uncovering the depths of Moore's deceit -- from illegal voter registration, to outrageous acts of hypocrisy, and even outright lies... you won't believe how Moore "earned" his Boy Scout merit badge!

With special appearances by nationally-known personalities like film critic Michael Medved, Washington Times editor Tony Blankley, and syndicated radio talk-show host G. Gordon Liddy, "Shooting Michael Moore" digs deeper...and farther back... than any other documentary to uncover the truth about America's most controversial filmmaker.

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22 posted on 01/12/2005 4:26:46 PM PST by ken21 (buenos mucus!)
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To: stevejackson

I think there was a conspiracy--by anti-Bush forces--to raise the prices in order to get him out of office.


23 posted on 01/12/2005 4:28:07 PM PST by xm177e2 (Stalinists, Maoists, Ba'athists, Pacifists: Why are they always on the same side?)
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To: jcb8199
Good post! Not to mention that we get most of our oil from Venezuela...

We actually get the most from Canada.

24 posted on 01/12/2005 4:29:46 PM PST by Dog Gone
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To: stevejackson
Most of the evidence tends to point to OPEC (with Saudi wielding a controlling hand) controlling production in order to raise prices in order to drive Bush from office. The Saudi niche is a crucial niche. They aren't the biggest producers. They produce a little more or a little less in order to stabilize the flow and prices. They cut back, prices go up.

This is why drilling in ANWR is so important. ANWR wouldn't give us 100% supply, but it would replace the Saudi niche of fine-tuning flow and thus WE would be the stabilizer of prices, thus taking that hidden Ace away from the Saudis.
25 posted on 01/12/2005 4:38:19 PM PST by Ghost of Philip Marlowe (I'm fresh out of tags. I'll pick some up tomorrow.)
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