Oil Price Manipulation to Help Obama?

Recent news articles suggest that a large, and possibly dominant, element in the surge in crude oil prices consists of speculation as opposed to actual demand versus supply. While demand is indeed rising, as driven by the growing Chinese and Indian economies, this does not explain the recent doubling of crude prices. Noting that poor economic conditions usually help the challenger party against the incumbent party in an election, and that many foreign countries want Barack Obama to be elected, this leads to a frightening possibility:

Are foreign governments and/or other entities manipulating oil prices to deliberately throw the U.S. economy into a recession to get people to vote for Obama?

Oil Prices Driven by Speculation and not Demand: Italy

OSAKA, Japan (Reuters) – International oil prices are being driven more by speculation than by supply and demand, Italian Economy Minister Giulio Tremonti said on Friday.

 

“My judgment is that the phenomena of demand and supply can cause price rises, but not so violent and sudden,” Tremonti told reporters at the gathering of Group of Eight finance ministers in Osaka.

On another note, Obama, while campaigning in Pennsylvania, said that gasoline was at four dollars a gallon–when it was still at $3.50. How did he know that gasoline would reach four dollars a gallon this summer?

About these ads

Tags: , , , ,

3 Responses to “Oil Price Manipulation to Help Obama?”

  1. berlet98 Says:

    ANWR, DEMOCRATS, GWB, McCAIN, OIL PRICES, PELOSI, REPUBLICANS

    Now Pelosi and Company have outdone themselves.
    In response to President Bush’s and Senator McCain’s proposals to finally open up ANWR for drilling and to expand offshore drilling for that black gold which keeps America afloat, Democrats are proposing a tried and failed solution—nationalize the oil industry: “Democrats called for the government to own refineries so it could better control the flow of the oil supply.” (http://www.foxnews.com/urgent_queue/index.html#a54ef44,2008-06-18)

    Cesar Chavez would be so very proud of our Democratic Party.

    Just imagine! The same people who run the USPS and Medicare would dictate what we pay to operate our cars, to deliver our food, and to keep us from freezing to death in January!

    A virtual liberal-socialist Nirvana!!

  2. berlet98 Says:

    THERE’S MORE TO LIFE THAN OSAMA/OBAMA!

    Picturesque Gloucester, “America’s Oldest Seaport,” should now also be labeled “Home of America’s Dumbest Teens.” Whatever their motivation, fast tracking to adulthood, looking for love and attention in all the wrong places, or just plain, old bubbling hormones, at least seventeen of Gloucester High School’s 1200 students—mostly sophomores—have intentionally gotten themselves with child. (http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20080620/pregnancy_pact_080620/20080620?hub=CTVNewsAt11) In days of old, that was crudely labeled getting knocked up but these kids don’t see it that way at all. In the very bad old days, teens who had gotten pregnant were packed off to another locale—to a distant relative or a home for unwed mothers—and, if they returned at all, their young motherhood wasn’t advertised. These Gloucester girls not only planned their pregnancies so they could raise their babies together but were disappointed if they weren’t impregnated and, no doubt, will try, try, try again. Those who did succeed were high-fiving one another in the halls of Gloucester High.I served in the trenches of high school as a teacher for 28 years, so I know something of how these girls think, or used to know. Most are good kids, romantics to the core, infatuated with 13 year old Juliet’s affair with Romeo, somewhat distraught over their unfortunate denouement, who then went on their merry way, content with just being teenagers. I’m also familiar with their teen angst but most lived through it.Today, they don’t all live through it.
    (SEE MY WEBSITE, http://GENELALOR.COM/ for the rest of this article)

  3. berlet98 Says:

    SCOTUS UPHOLDS THE CONSTITUTION!

    June 27th, 2008

    In what has become the typical 5-4 split on the Supreme Court–with 4 conservatives on the good side, 4 liberals on the bad side, and Justice Kennedy swinging in the middle, SCOTUS struck down the D.C. ban on the legal possession of handguns for self-defense. Score one for the good guys! (http://apnews.myway.com/article/20080627/D91I48C82.html)

    I hope someone is keeping tally on the D.C. crime rate. If it goes up, watch for headlines, prime time specials, and rallies for new gun laws. If the crime rate goes down, watch for no media coverage. I’m betting on a plunging crime rate as Joe Average D.C. Citizen starts packing a weapon to ward off the already-armed reprobates.

    One can only hope that the next Court sees a few more conservatives who just may determine there is no “right to privacy” in the Constitution and overturn Roe V. Wade. One can always dream, no?

    Tags: CRIME RATE, DISTRICT OF COLUMBIA, GUNS, SCOTUS, SECOND AMENDMENT

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

%d bloggers like this: