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4th September 2008
What’s wrong with this picture? http://biz.yahoo.com/ap/080904/oil_prices.html Oil prices down near $107 a barrel after US gas supplies fall less than expected last week What happened to supply and demand? Since when prices go down when supply goes down. The bottom line is oil prices are set and controlled. Their attitude is: This is the price, take it or leave it. If they want more of your money, you have no choice but to give them what they want. For the next two months, they want the American people happy so they are giving them the gift of low gas prices and telling them only the republicans can do it which is true only if they want to. Oil is a great tool to manipulate voters. They want McCain. Once the election game is over, oil goes back up especially if McCain wins because Just like Bush, he will let them get away with murder. Don’t expect Obama will fight those big corporations either. Al Gore lost because of that. So, based on that, the euro will stay down with the oil down till after the elections. http://biz.yahoo.com/ap/080904/wall_street.html Isn’t amazing with all the bad unemployment news that caused the stock market to plunge 250 points today, the dollar still went up. Remember, the reason they gave in august for the euro going down was because a minor slow down in the European economic indexes. The euro value is mostly a function of oil prices. Expect it to go up again a lot faster if McCain wins. |
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