The market manipulators are just selling the stock short before the election. Saber rattling is still going on. Just today, I was reading an article from the BBC saying about tougher sanctions on Iran. Nothing has changed, and the big oil companies are still lining their pockets.

Open up the federal oil reserves, and take some of these record profits from big oil for a second stimulus package for Americans!

Part of the recent run-up in oil prices was due to Bush’s saber-rattling.  Energy commodities traders had to contemplate a situation in which crude oil sold for $200 or $300, and the way they do that is by buying up futures and options, which raises the spot (current) price as well.  The saber-rattling seems to have been called off for the moment, maybe just because of the disturbing effects of the price rise.  That has brought about the present dip in prices.

However, there are larger long-term forces at work.  One is increasing consumption of oil in south and east Asia.  Another is the fact that the U.S. monetary system has been seriously distorted by a long-term policy of providing cheap money in the form of credit to the rich.  Much of the money in the stock market and in real estate is derived from this policy.  But the eventual consequence of spreading cheap money around is inflation.  Although the U.S. can impose low interest rates in the U.S., it can’t do the same on world financial markets; hence the value of the U.S. dollar in currency trading has fallen about 30% in the last year.  30% more dollars are required to buy internationally traded goods—such as oil.  That problem isn’t going to go away soon.  Next time there is any hitch in the oil supply, you can expect another sharp rise in prices.

What effects oil prices is the movement towards alternative fuels. the more th esubject i saddressed the lower the prices will go. the oil industry played this game in the ‘80’s too.
Inflate the prices ntil you hit a nerve, then drop them to end the ‘problem’. thus the Big 3 won’t have to re tool, or end production of gas guzzlers or even through a crumble towards producting fuel efficent cars and voila- back in business, and the cycle begins again.
The Oil ‘royals’ and the Speculators were checking their boundries again!god forbid if their ‘gold’ was found to have no value in the future.
so we keep pushing for alternative, they lower the prices and problem solved- until they begin to check the boundries again.
Best ‘spoiler’ to this intentional cycle is the fact petro’s are implicated in global Warming (Duh!).So now th efocus can move away from How cheap this money maker is and toward the real areguement against it’s continued use- thus value.
Stop focusing on the price- that’s the bait, the Red herring. The real issue which will cut the legs out from under these Con Artists is it’s destructive nature. Then let’s se how low they can go!Otherwise we are just setting our kids up for the same thing to happen to them again in the future- with far more devastating Global effects. The ‘70’s was their first trial test, This time they have us all by the balls, next time they will go in for the kill, with a little help from Mother natures wrath along the way.
Big surprise for all those ‘Want to have a beer with’ Voters- while you were having your mental beer with this idiot, his Oil men accomplices were highjacking your country and your Freedoms, and auctioning off you and your kids to the highest bidder!
Now are you going to invite McCain to sit down with you for another round, while they ‘Boost’ the World economy and your grandkids futures?

Welcome to America, the Bi-Polar country.

One day, we’re up, the next day we’re down.

Luckily for the Oil companies, gas seems to be heading down, they really must be afraid that John McCain might not win the election.

Yee hoooo, can take that ‘for sale’ sign off my suv now. Think I’ll run her through her paces, now that it will only cost $95 to fill it up.