In the past few days I have heard several reports across the media spectrum that gas prices are set to fall between now and Thanksgiving. The reasons given for this fall is that it is:
A. Seasonal - summer travel is over
B. Lucky- the weather is less a factor than anticipated
C. Economical- people are driving less and conserving
(there is no evidence of this one)
D. Relative peace in the middle east (down-right laughable)
Suspiciously gone are the statements of additional cost for pipeline repair, increased heating costs, and anything remotely demonstrating a need to invest energy dollars into finding alternatives to foreign oil.
The political war chests of Republicans are being filled with oil money and the prices of their product drop at a time that is very convenient for the Republican majority. They are actually talking about prices under $2.00 by Thanksgiving (hmm, we shall see). More likely, prices will hit their low on about November 15. Then there will be a well publicized reason for them to escalate again (regardless of who wins the elections).
Keep watching them spin and remember to follow the advice of Ben Stein and thank these guys for their tremendous self sacrifice for the good of our country.
Keep your eyes also on Iran. This is a rerun of the events leading into Iraq and this particular President has demonstrated a complete inability to learn from his mistakes. He also seems to be a student of the principal touted by Richard Nixon that war is good for the economy.
Let the good times roll.
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