Big Oil Strikes Again

Gas prices dropping like a rock!

 It's election time and lo how the gas prices have fallen. Where would some curious person like myself go to check the history of gas prices say over the last decade. Could the idea of a DEMOCRATIC CONGRESS have the big bad oil companies scared? Anyone want to bet that gas prices will be well over 3 dollars a gallon by December 15th, 2006
< Young Turks Will Answer All Questions Immediately Following the First Show | The news media >
 Display:
oil guys
You see the guys in this picture? They are CEOs from the top oil companies in America. They are being barbecued under the hot lights by Democrats during a recent congressional hearing. These guys control the price of gasoline in America.

Now then, let's go to the Middle East. Do you know how much oil is produced in countries like Saudi Arabia, Iraq, Kuwait, Qatar? These guys control the price of oil in the world market.

Do you think that oil executives want a Democrat controlled Congress to impose huge windfall profits taxes on energy producers?

Do you think that Middle Eastern oil-producing countries want a Democrat controlled Congress to destabilize their region, empower the terrorists, and strengthen Iran's position by abruptly withdrawing American forces from Iraq? 

Is there a conspiracy to drive down the price at gas pumps across America, in order to reduce the number of Democrats elected in November?

Well I'll be damned. It looks like a liberal finally figured out the game plan.

by KenTX on 09/17/2006 12:46:05 AM EST

Right assesment wrong reasons.

     Democrats might cut into their huge profits and put it back into the pockets of the AMERICAN PEOPLE. As far as the Middle East being stable, I guess you missed the talking points: (President Bush stated that the Middle East was not stable prior to the freedom agenda) nor is it now.
     Empowering terrorists, that's a good one, liberals really want to be attacked again. Oh by the way when Clinton was in office he was able to capture all but 1 of the terrorists involved in bombing the WTC the first time and did it without invading a single country or spending billions of dollars to do it.
     As far as strengthening Irans' position, who was responsible for making Iraq so weak in the first place?
President Bush.   &nbs p; 

by LORD FOUL on 09/20/2006 07:41:33 AM EST

[ Parent ]
Oil producing countries like Saudi Arabia, Iraq, Kuwait, and Qatar seem to support the Bush Administration's strategy in the Middle East. Every fall of every election year, they support Bush by increasing production rates, and forcing a glut of oil onto the global market.

When Americans see low gas prices, it makes them happy. It effects how they vote. It drives up presidential approval ratings.

Oil sheiks wield a lot of power in American politics. From what I can tell, they appear very pro-GOP.

by KenTX on 09/20/2006 11:27:32 AM EST

[ Parent ]
I need to check this, but I do not believe the oil execs were under any oath during any of the hearings with the government. 

And despite record profits for them, we are still paying significantly more for oil than we did before these latest price reductions.  It's a great strategy to raise the gas prices to the point of almost crippling us, then lower them to higher prices than they were before you raised them. 

It seems odd to me that the prices have been lowered given the timing of the elections...

Yeah, maybe it's a great political strategy, but its at the expense of the American people.

by TJD on 09/20/2006 11:54:54 AM EST

[ Parent ]
no, they were NOT under oath...also guys, let's be real about something else...the prices are dropping like a rock to what level as compared with say, last year at this time, or earlier?  when folks start to get smacked in the wallet, they remember it....prices dropping to $2.50/gal is a good deal?  how's that?

by boonegoddess on 09/20/2006 05:26:32 PM EST

[ Parent ]
"the prices are dropping like a rock to what level as compared with say, last year at this time, or earlier?"
here's the bone
 
As detailed in the Left Business Observer.

by KenTX on 09/21/2006 02:27:25 PM EST

[ Parent ]
nice work, kenny boy...i'm willing to bet that most voters will continue to feel the same level of financial pain that they did when the rise started in the first place...that is my point...

by boonegoddess on 09/21/2006 05:39:54 PM EST

[ Parent ]
You included Iraq how strange, was that after Halliburton took over the Oil.  Please note something else my friend' the oil rich leaders of almost all of those countries have ties to terrorists or to extremist schools which teach children to hate the West and to become terrorists. In fact if we used the standards used against Iraq we should invade the entire Middle East.

and just so we understand each other I may have Liberal beliefs but I am an AMERICAN first. Loyalty to Party should be secondary to loyalty to Country

by LORD FOUL on 09/20/2006 05:18:55 PM EST

[ Parent ]
Mind telling everyone exactly what is Bush's "strategy in the middle east"?  No one seems to know.

Bush has lied so much about so much , it's become unclear exactly what strategy if any that he and his bunch of neo facists have in the middle east.

by LoneStarLiberal on 09/21/2006 04:58:23 PM EST

[ Parent ]
I've been asking this question all along and i can't ever seem to figure it out.  The republicans seem to have absolutely no strategy what-so-ever in iraq and never have.  It drives me crazy that people still think of these fools as the ones who are the strongest on defense.  "STAY THE COURSE" IS NOT A STRATEGY. 

by alphasigmookie on 09/21/2006 05:16:31 PM EST

[ Parent ]
Mind telling everyone exactly what is Bush's "strategy in the middle east"? 

Well, it looks slightly different than the Democrat Strategy.
dem exit strategy

And it's more robust, forward-leaning, and honorable than the Houston Montrose and Atlanta Colonade hair-pulling contests that you're familiar with. 

by KenTX on 09/21/2006 07:56:21 PM EST

[ Parent ]
Roughing the image macro.  10 yard penalty, still first down.

by jarett on 09/21/2006 08:50:45 PM EST

[ Parent ]
Someone asks what the Republican plan is and instead of answering, attack what the Dems plan supposedly is.
As for oil and gas prices, it seems funny to me that after Katrina the big oil company's cried shrilly that they were not price gouging, just adjusting to the world oil prices, but now you willingly admit that they are capable of adjusting the prices down to influence an election. Which one is it, do they have control or not?

by juebawl on 10/04/2006 10:56:51 AM EST

[ Parent ]
"but now you willingly admit that they are capable of adjusting the prices down to influence an election."

I'm saying that in that during election season, the oil countries like Saudi Arabia, Kuwait, Iraq, Qatar, UAE have the ability and the incentive to jack up oil production in an effort to drive the global price down into the 40s.

Similary, during election season, the gasoline refi ners like Exxon Mobil, Shell, Mapco, etc have the ability and the incentive to jack up gasoline production in an effort to drive the average price down below $2.00/gallon.

It might be a coincidence, but I doubt it. If I were CEO of Exxon Mobil, I certainly would not want Democrats in control of the country.
 

by KenTX on 10/04/2006 01:29:12 PM EST

[ Parent ]
If any of you truely believe that the price of oil is being purposefully manipulated before the election you should put your money where your mouth is and buy the ETF...USO.  It tracks the price of a barrel of oil.  If you are correct, you should be able to make a good 10-20% return on your money as oil goes back up after the election.  Unfortunatly I imagine most of you (other than ken and Twba) don't have a stock portfolio so this is probably wothless advice, but figured i'd offer anyway. 

by alphasigmookie on 10/04/2006 06:46:41 PM EST

[ Parent ]
That's a real picture correct?

by acroso on 10/04/2006 01:16:35 PM EST

[ Parent ]
That one question answers a lot about how you will believe anything you see without question as long as it's in line with your right wing jibberish. Here's a suggestion, buy a photoshop program and play with it for 5 minuts and you to can doctor pic's like that.

by juebawl on 10/04/2006 01:31:40 PM EST

[ Parent ]
Well,

Ya but since the democrats support surrender, I thought maybe he was making his the caucus's position official?

by acroso on 10/04/2006 01:57:22 PM EST

[ Parent ]
there is no possible way you can be a native English speaker.  Am I right?

by jarett on 10/04/2006 02:41:00 PM EST

[ Parent ]

You left out Venezuela. America gets a lot of oil from that country. I guess they won't be included in the big keep the American Taliban in power scenario right? Bush is toast. Hes not going to be re elected and he sure doesn't have the power that he used to have and never will again. Who cares about him? The policies that he put in place will be reversed through the courts and other means.

 Saudi Arabia funds the terrorists do you really think they give a rats ass if its a neo con nut case in the white house?

Unless of course you are saying that bush secretly supports the terrorists that Pakistan protects and Saudi Arabia funds.  

by LoneStarLiberal on 10/04/2006 01:37:14 PM EST

[ Parent ]
Just an interesting note, that prices in Ohio were down to $1.96 earlier this week in a few select locations, nearly $.50 less than the national average.  Not that i'm complaining, but it does seem a bit suspicious.  Anyone else noticing significantly reduced prices (vs. national average) in states with tight november elections?

by alphasigmookie on 09/20/2006 01:12:36 PM EST

Well, the price has fallen about 25% off last year’s price

Note Clinton after the Asian crisis saw a 50% drop in prices in 98.


1990 saw a similar 50% drop also.

In 2000 he wanted cheap gas for Gore so he tapped the strategic oil reserve and Clinton election slush fund to help Gore try to steal the election.
The bottom line is oil prices fluctuate (except when democrats tap the reserve to influence elections.)

by acroso on 09/21/2006 05:49:48 PM EST

[ Parent ]
Woodard story no one is covering

Saudia Arabia promised to lower oil prices for mid-terms

No wonder we let them train terrorists

by LORD FOUL on 10/04/2006 10:14:24 AM EST

 Display: