Gas Prices - a prediction!
Original post made by Jag Singh on Oct 9, 2006
on Oct 10, 2006 at 2:16 am
Jag, you're absolutely right -- again! While you and I know that Bush isn't a very effective president (he can't even get his agenda through a House and Senate controlled by Republicans), he has cleverly convinced the tens of thousands of decision-makers who buy and sell the 81 million barrels of oil the world uses each day to cut their prices. He even got Iran and Venezuela to help out. Bush is truly a genius who can do anything, from lowering oil prices to coordinating the 9/11 attack to creating hurricanes in order to displace poor people (who he hates) in New Orleans. And, yes, you're right -- Bush has told everyone involved in the oil industry to increase their prices after election day. In fact, I think Dan Rather has some documents that prove it.
on Oct 10, 2006 at 12:46 pm
Does is really require a complete cynic to believe that the current drop in oil prices is simply a propitious coincidence for the GOP?
From Walter Shapiro's Salon review of State of Denial by Bob Woodward:
[...]It is not accidental that "State of Denial" begins with a reprise of the Bush family's intimate relationship with a former Saudi ambassador to Washington, Prince Bandar. At the instruction of his father (Bush 41), Bush (soon to be 43) met with Bandar in 1997 and confided, "I'm thinking of running for president … And I don't have the foggiest idea about what I think about international foreign policy." You do not have to be a Michael Moore-style conspiracy theorist to find it worrisome that a Saudi prince is put in charge of giving a future president his worldview.
The book also describes Bandar's Oval Office meeting in early 2004 with Bush, Condi Rice (then the national security advisor) and White House chief of staff Andrew Card (another source, since he has now left the administration). Bush, Woodward writes, "thanked Bandar for what the Saudis were doing on oil essentially flooding the market and trying to keep the price as low as possible. [Bush] expressed appreciation for the policy and the impact it could have during the election year."
Woodward says that Bandar understood that economic conditions were key before a presidential election: "They're [oil prices] high. And they could go down very quickly. That's the Saudi pledge. Certainly over the summer, or as we get closer to the election, they could increase production several million barrels a day and the price would drop significantly."
on Oct 10, 2006 at 12:47 pm
of course I meant NOT a coincidence....