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Dems Show Spine & Gas Drops 25%

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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:20 PM
Original message
Dems Show Spine & Gas Drops 25%
Cause and effect? Regular gas in my town has dropped from a pre-Cindy Sheehan-start-of-all-of-bush's-ills high of $3.10 to 2.35 a gallon today.

I'm just sayin'...
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marbuc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:22 PM
Response to Original message
1. I'm wondering if the oil companies are trying to ward off the windfall
profits tax, and charges of market manipulation.
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Tesla Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:22 PM
Response to Original message
2. 2.05 on the corner a few minutes ago!!
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Larkspur Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:22 PM
Response to Original message
3. It's down to $2.17/gal today in Brooklyn, CT
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SteppingRazor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:24 PM
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4. I'm not necessarily willing to attribute cause and effect to this...
That's a bit like saying that the increase in global warming is due to the decrease in pirates, isn't it?

After all, there have been less and less pirates since the 1800s, and the temperature has slowly but steadily risen in that time.

Where, in other words, is the causation?

(special thanks to pastafarianism)
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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:28 PM
Response to Reply #4
8. My post was tounge-in-cheek...
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SteppingRazor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:30 PM
Response to Reply #8
10. sorry. Just so eager to stick my deep religious convictions...
in Flying Spaghetti Monsterism into any debate. :toast:
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Spider Jerusalem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:25 PM
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5. Oil also went below $60 a barrel for the first time in months last week.
And has steadily declined from its peak of over $70/bbl. The decline in oil prices and the "just-in-time" nature of gasoline shipments are a more likely cause of the drop in gas prices.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:27 PM
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6. And all the sheeple go hallelujah, forgetting what they were paying
A year ago, just overjoyed that gas is under $3.00/gal.

Bait and switch, bait and switch, this is what Big Oil wants you to do.

And along about next week, gas prices will start to creep up, after all, it will be the "holiday travel season" all the way through the New Year. And then it will creep up more due to "high home heating costs", drop a bit in the spring, but jump right back up for the "summer driving season" and this time next year the sheeple will be gushing about how happy they are that they're now only paying under $4.00/gal.

Meanwhile, Big Oil will continue to export petroleum over to Asia, make record profits, laugh all the way to the bank and congratulate themselves on what clever fellows they are.
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3days Donating Member (463 posts) Send PM | Profile | Ignore Thu Nov-17-05 02:27 PM
Response to Original message
7. I don't believe the link of the 2
But it is curious how they claimed that high prices were due to high demand. Anybody here stop driving in the past 2 months? I know I didn't.
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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:29 PM
Response to Reply #7
9. Have all the Gulf of Mex refineries come back to capacity?
That was another reason they gave for high gas prices. I'd like to know if that was another lie.
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Spazito Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:32 PM
Response to Original message
11. It is simply in the self-interest of the oil corporations to keep the
repubs in power so they will artificially deflate the price of oil as necessary to take away that 'irritant'and they will do it as easily as they artificially inflate the price when they feel it is 'safe' to do so.
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-17-05 02:35 PM
Response to Original message
12. My Point Of Correlation
About 3 weeks ago, Hillary Clinton, Grassely, Biden, Boxer, and another Republican senator (i forget who) started making noises about investigating price fixing and gouging. Suddenly, prices began to fall. It wasn't just dems, though. The gravy train was due to come in to the roundhouse for an inspection, and the petrofirms, the speculators, and the importers all got religion and fixed the train.

There never was a logical microeconomic reason for these gas prices. Demand didn't rise and supply never was squeezed by enough to justify 50% increase. Not even close, even when looking at the S&D curve as the normal sigmoidal shape.
The Professor
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