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2004-11-05 Home Front: Economy

Oil plunges below $48 a barrel on higher US supplies

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Posted by Mark Espinola 2004-11-05 5:06:27 AM|| || Front Page|| [11131 views since 2007-05-07] Top

#1 I don't know anything about the oil market, so maybe this is just a conspiracy theory, BUT...

Am I the only one who thinks it's suspicious that oil prices rose before the election (including a rise to $52/barrel just a day or 2 before) and dropped just after the prices could no longer be used to damage Bush's chance of re-election?

Just wondering, 's all.

Posted by Barbara Skolaut 2004-11-05 11:43:26 AM|| 2004-11-05 11:43:26 AM|| Front Page Top

#2 Or you could take it that the price rose on fear of Kerry totally screwing up the Middle East and the WOT and then relaxing after Bush won. Not likely either -- it's not a simple market.

Posted by Tom 2004-11-05 11:55:06 AM|| 2004-11-05 11:55:06 AM|| Front Page Top

#3 Oh yeah, oil prices dropped, but the price of gas is still hovering around the 2.25/2.30/gal mark. Quick to rise but slow to fall, as it's always been.

Posted by Bomb-a-rama 2004-11-05 4:24:14 PM|| 2004-11-05 4:24:14 PM|| Front Page Top

#4 I want to hear about the investment funds Soros and his sons have been managing, as well as whether he is still a billionaire.

Manipulating oil prices would fit perfectly with his anti-Bush obsession, past behaviour, and theory (reflexivity?).

Posted by Kalle (kafir forever) 2004-11-05 5:15:01 PM|| [http://radio.weblogs.com/0103811/categories/currentEvents/] 2004-11-05 5:15:01 PM|| Front Page Top

#5 The majority of global oil price flucuations are dicided at the global market level based on supply, demand and at times pure panic. Friday's closing price @49.61, up again.

There is manipultion by those which have the finances to 'influence' energy prices at the international level. There is also 'price fixing' on the domestic front by those in Big Oil.

In any area there is always one gas staion which always has the most highest price. The word for that is 'crook'grabing all he can. Solution, drive down the street and do not buy his gas.

Meet Mr. Crook.

Posted by Mark Espinola 2004-11-05 6:31:58 PM|| 2004-11-05 6:31:58 PM|| Front Page Top

#6 Good grief, Mark - $4.00 a gallon? In America?

Assuming this isn't the only gas station within 20 miles, what IDIOT would buy gas there?

Posted by Barbara Skolaut 2004-11-05 7:23:56 PM|| 2004-11-05 7:23:56 PM|| Front Page Top

#7 a Democrat.

Posted by Mrs. Davis 2004-11-05 7:31:21 PM|| 2004-11-05 7:31:21 PM|| Front Page Top

#8 Total as in Total-Elf-Fina? I suspect that is a Canuckistan ~~gas~~ petrol station.

Posted by ed 2004-11-05 7:34:30 PM|| 2004-11-05 7:34:30 PM|| Front Page Top

#9 Whoops. Never mind. Canada measures gas in liters.

Posted by ed 2004-11-05 7:37:19 PM|| 2004-11-05 7:37:19 PM|| Front Page Top

#10 What goes up dramatically falls in the same fashion. It wasn't to many years ago that the oil patch died in an economic fashion. Watch, see , and learn.

D

Posted by dorf 2004-11-05 7:43:30 PM|| 2004-11-05 7:43:30 PM|| Front Page Top

#11 'Total' is French and Dems would love it! :) Check out the link, talk about crooks...

Posted by Mark Espinola 2004-11-05 7:46:29 PM|| [http://www.mosnews.com/money/2004/10/04/totalbribes.shtml] 2004-11-05 7:46:29 PM|| Front Page Top

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