Tuesday, September 12, 2006

The Extent of My Paranoia...

By Cassandra D

...astounds even me. And I'm sure RedDirt will be smirking at me knowingly after he reads this post. But experience leads me to give my paranoia the benefit of doubt, at least regarding the current administration. So here goes...

Today we get this news: Metro Gas Prices Keep Falling With No End In Sight.

"On Aug. 7, metro drivers were paying an average of $2.97 per gallon for regular-unleaded fuel. As of Sept. 12, that average across the Oklahoma City area is down to $2.22 per gallon.
Experts said the drop in prices is all about supply and demand. The summer-driving season is officially over, which means Oklahomans can expect lower prices.

Those experts added that those drops are expected to continue as long as there is no severe threat on the U.S. oil supply."

The end of the summer driving season? What about Labor Day? Prices had already dropped by fifty cents a gallon by that weekend. What gives?

Back in May we had this from CBS: Gas Prices, Iraq Weigh Down Bush
President's Approval Rating Lowest Ever In CBS News Poll.

And the correlation between gas prices and presidential approval ratings was also noted here, with the evidence laid out in graphic form:

We all know the Bush Administration is deeply tied to the oil and gas industry, and it's a good bet which party said industry hopes will hold power after the November elections.

So, again I ask: What gives? Why are gas prices dropping like a rock now? Anyone else want to join me in concocting paranoid conspiracy theories?

Even I know I'm being completely ridiculous. Er, make that 99.9 percent ridiculous.


At 7:18 AM, Blogger BlueDreamer said...

Smiks aside, there does seem to be a pattern. Hey, Cassandra, have you ever thought of writing for the Oklahoman?

At 9:19 AM, Anonymous Dr. Pants said...

I don't know if I would say it's a cause and effect sort of relationship, but I wouldn't put it past Bu$hCo.

Still, are people really dumb enough to start voting for the party that's lead us into a war with no end with a president who isn't even denying that he's usurping civil liberties?

Well...yeah. Goddamnit.

At 11:44 AM, Blogger RedDirt said...

Dr. Pants, no offense, but that "Hey you dumb dummies, don't you know what's good for you, you ignorant rubes?" did not exactly work out too well as a message for the DNC in 2004. I wouldn't recommend it as a continuing political theme.

Cassandra, on the gas price thingy, as someone who pretty much accepts that we have passed or are approaching the peak of global oil supply, I'll note that the price per barrel of oil recently dipped a little. Such fluctuations are to be expected. NPR had a very interesting story about a week ago on how market speculators were actually playing an unforeseen role over the past year in driving up the cost of oil, basically bidding up the price higher than the laws of supply and demand would generally dictate.

Add to that the so-called "risk premium" of events in the Mideast, which some economists have argued added about $10 to the price per barrel. Since the uneasy truce between Hezbollah and Israel, things have been a bit cooler in the Mideast.

Remember 1999, when oil was at $20 a barrel?

Anyway, never fear, it'll jump back up soon when the next crisis hits and more speculation pushes it up again.

At 4:28 PM, Blogger Chase McInerney said...

Much better to prey on people's stupidity and fear, I s'pose.

At 4:48 PM, Blogger RedDirt said...

Asking that someone not call conservatives idiots is not the same as recommending what you suggest, Chase.


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