Tomgram: Michael Klare, Why Oil Prices Are Falling
Tom Engelhardt & Michael Klare
The price of crude oil, which this summer threatened to top $80 a barrel, briefly dipped under $60 for the first time in six months yesterday, a 23% decline from July highs. In the Midwest, where gas not long ago had soared to $3 at the pump, it now averages, according to the Energy Department, a nationwide low of $2.20 a gallon ($1.89 at one Jackson, Missouri gas station). At the same time, another set of figures rose precipitously. According to a recent Gallup Poll, 42% of Americans "agreed with the statement that the Bush administration 'deliberately manipulated the price of gasoline so that it would decrease before this fall's
continua / continued
The price of oil, again
Xymphora
I predicted before the last American Presidential election that Bush would have to reduce the price of gasoline or he would lose. He didn’t force the price of gasoline down and, of course, he did lose. He 'won’ only because of electoral crookedness (which appears to be the strategy for the upcoming election cycle in November). There is only so far that you can rig the computer voting machines before everybody notices and the hue and cry for reform removes the crooked machines permanently, thus making it difficult for Giuliani to win the next Presidential election, so Rove has apparently decided it will be necessary to temporarily reduce the price of gas until the elections are over. We are seeing this now at the pumps (stock up before November!). You might think this would be tricky to do, but the way that commodities are priced makes it surprisingly easy to manipulate the price of gas. Undernews quotes the goldbug site Le Metropole Cafe...
continua / continued
The price of crude oil, which this summer threatened to top $80 a barrel, briefly dipped under $60 for the first time in six months yesterday, a 23% decline from July highs. In the Midwest, where gas not long ago had soared to $3 at the pump, it now averages, according to the Energy Department, a nationwide low of $2.20 a gallon ($1.89 at one Jackson, Missouri gas station). At the same time, another set of figures rose precipitously. According to a recent Gallup Poll, 42% of Americans "agreed with the statement that the Bush administration 'deliberately manipulated the price of gasoline so that it would decrease before this fall's
continua / continued
The price of oil, again
Xymphora
I predicted before the last American Presidential election that Bush would have to reduce the price of gasoline or he would lose. He didn’t force the price of gasoline down and, of course, he did lose. He 'won’ only because of electoral crookedness (which appears to be the strategy for the upcoming election cycle in November). There is only so far that you can rig the computer voting machines before everybody notices and the hue and cry for reform removes the crooked machines permanently, thus making it difficult for Giuliani to win the next Presidential election, so Rove has apparently decided it will be necessary to temporarily reduce the price of gas until the elections are over. We are seeing this now at the pumps (stock up before November!). You might think this would be tricky to do, but the way that commodities are priced makes it surprisingly easy to manipulate the price of gas. Undernews quotes the goldbug site Le Metropole Cafe...
continua / continued
posted by Kangaroo Brisbane Australia at 6:39 AM
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