2006-09-27 09:56:29 · 7 answers · asked by Anonymous in Politics & Government ➔ Government
Seems like an amazingly useful coincidence. Gas prices drop by over 60 cents per gallon, and Congressional approval ratings on incumbets go from around 30% to around 50%.
So, if it wasn't planned to have a political outcome, then the oil companies and their paid politicians happened to get very very lucky.
2006-09-27 09:59:21 · answer #1 · answered by coragryph 7 · 0⤊ 0⤋
Obviously Coryagraph's degrees aren't in economics.
The summer driving vacation season is over, this time evey year demand is reduced, which leads to more supply.
Also, in the last few months with tensions in Iran heating up, the people that had the capacity were storing oil, further driving up the price as they took extra supply and stored it.
Now, we hav a situation where storage capacity is full and summer driving demand is over. Thats the explanation for the HUGE drop in price.
You can back test the price at the end of the summer in previous years to check what I'm telling you.
2006-09-27 18:00:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What I think is happening is:
All spring and summer Bush has been talking up forceful action against Iran. That in turn made the marketplace nervous enough to raise gas prices.
Then in recent weeks Bush's administration has been downplaying the need for force against Iran. Now the market fears ease and prices decline.
This is how a President is capable of influencing in markets like oil.
2006-09-27 17:14:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Government does nothing to do with gas prices, is the market , however I think that the Exchange Brokers are taking advantage, and spreading rumors to collect fat commissions with their game. Speculation!
I blame, the Big Corporations like Exxon, BT, etc. who are in the same page as the brokers, because the are big profits.
In the other hand, they are placing tons of money on those radical countries to spread violence (Iran and others alike).
We in America are doing the game for our enemy!
2006-09-27 17:28:54 · answer #4 · answered by Mario F S 1 · 0⤊ 0⤋
No, it's called Econmics. Consumer demand is down right now and production is high.
2006-09-27 16:59:13 · answer #5 · answered by Boredstiff 5 · 0⤊ 0⤋
nope.
Its not just oil that has gone down. But other minerals and commondities, such as gold, silver, steel, etc.
2006-09-27 16:58:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Dont think so
2006-09-27 16:57:42 · answer #7 · answered by Anonymous · 0⤊ 0⤋