The real conclusion of this thread is that:
OWB and CSpin should never ever ever become day traders...
Probably, but still..
Bush's approval ratings go with the price of gas. Since the prices have come down some, his rating has gone up 5%. You don't think Rove and the Republicans understand this?
Oh, and answer my question, did the Saudis not influence the price of oil before the 2004 elections to benefit Bush and the Republicans?
Understanding the impact of gas prices on approval ratings (which I think is overblown here - it removes an irritant but I doubt many W supporters attribute the fall to W) and causing the fall are two very different things.
I am amazed anyone is this concerned about gas prices. If you don't like them, make more money or get rid of your car or find a better solution. People act like they are forced to consume as much gas as they do.
The price of gas is a reminder to the American public of the failure of Bush's domestic and foreign policies. Nobody cares about the price of a barrel of oil unless it causes higher gas and energy prices. That's when it starts hitting Americans in the wallets, and most Americans vote with their wallets. Most Americans also blame the gas problems on the government fair or unfair, right or wrong..
Most Americans relate Iraq to higher gas prices and might be persuaded to either vote differently in midterms or not vote at all.
Once again, you totally miss the point. That's becoming a habit with you. Or maybe you just don't know any other way. Oh well..
NVM, just a waste of time
So oil prices can be driven by potential unrest in Nigeria or public statements by OPEC but not influenced by the upcoming elections and the potential for Congress to change hands to a party that is not friendly with oil companies? That's s stretch.
The "stretch" is imagining things are happening to support your conspiracy theories. You still haven't explained the mechanism by which oil companies (supposedly afraid of Democrats) are manipulating price in a meaningful way. Nor does it explain the drop in oil prices which is for the most part out of their hands.
The "trader" element is driven by CHANGE in oil prices. The trading community profits of off change not absolute prices. They can make money on the down trend just like on the up trend.
Find a credible economic analysis that shows the upcoming elections play a significant role in the price of oil or gasoline and I'll listen. Otherwise, my theory that the DNC is funding insurgency in Iraq is just as valid.