Believing that the President can control gas prices tells me that you do not fully understand how the oil market works.

 

Oh I understand how it works. There are the same number of people driving now as there was 3 months ago and the economy was in the same shape. Demand for gas is still the same if nt more. People haven't quit driving, if anything, more people are driving. Remember a few months ago about our vacation discussions and how everyone will travel regardless of price of gas, well why is gas going down, demand is still there.

 

I think you don't want to admit the President can actually have something to do with it.

The President has more power than some think, he can do things with oil companies and producers we may or will never hear of. What would keep the President from telling say, Saudia Arabia or BP that if re-elected he will give some type of secret benefit to them, but first he needs gas to go down to help fool people into thinking he is doing a great job and after he wins, raise them up again.

 

100% lunacy.

I am a wag the dog believer too. There is so much corruption in politics and in big business, who knows how one scratches the back of the other.

This is from 2008 but if you believe a President gets gas prices lowered then the date doesn't matter. No significant drop in prices in election years.

 

The Oil Drum | The Myth of Election Year Price Manipulation

I also read once in a history book that said Christopher Columbus discovered America.

I also read once in a history book that said Christopher Columbus discovered America.

 

Care to explain the numbers I presented or do you wosh go stay in black helicopter mode?

Care to explain the numbers I presented or do you wosh go stay in black helicopter mode?

 

I would have to really look at the numbers more closely and get more info from other sources first, I need a second opinion.

How come nobody is talking about how prices should be falling drastically since oil has tanked? If oil goes up a few dollars, we see a .10-.20 cent hike, yet it goes down 15 plus dollars and drops .10 cents. True greed and gouging.

I'm not saying if the info is correct or not, but if I don't trust the president, I am not inclined to trust "The Oil Drum" either.

I'm not saying if the info is correct or not, but if I don't trust the president, I am not inclined to trust "The Oil Drum" either.

 

I would have to really look at the numbers more closely and get more info from other sources first, I need a second opinion.

 

Gents, I'm not a magician. Your Google key works just like mine. Have at it.

How come nobody is talking about how prices should be falling drastically since oil has tanked? If oil goes up a few dollars, we see a .10-.20 cent hike, yet it goes down 15 plus dollars and drops .10 cents. True greed and gouging.

 

This. Always takes 1-2 days to jump up in price. Then it take 3 months to fall.

Did you read the comments on the article you posted referring to a book about Bush's reelection and the Saudis adding to the supply so prices would go down in an effort to influence the election?

Who knows the truth? None of us commoners....

Sidenote: A Yale economist went back to 1948 and found that there is very little correlation between gas prices and the election. It's not a big factor.

 

Risks to Obama in Oil Price Instability - NYTimes.com

Here is the best explanation on the impact of speculation and how it could be addressed.

 

The bottom line impact starts around 4:35 in the video. But the entire video is good to watch. Oil futures trading is basically an unregulated free for all.

 

Gas went from 3.29 this morning to 3.65 this evening.

 

 

I just don't understand.