Best damn thing Bush has done in a while....now give him his due

You missed my point. Manipulating a situation for political gain, regardless of the consequences, should not be tolerated.

For the record, I don't believe Congress (Republicans) dropped gas prices for political gain two years ago. Just like I don't believe Congress (Democrats) are raising them for political gain now.

 

Other than the hopelessness of the McDonalds character's thoughts, the upside is this is averaging an impressive post per minute for 24 minutes. That's either impressive or a venomous attack on anything Bush.

 

And the funny part is that, unlike previous election years when gas tends to start dropping between Labor Day and bottoms out around Veterans Day, this year i think you're sadly right.

 

If you don't think that prices could drop just on the news of this, you don't pay much attention to Wall Street, where they do as they damn please.

 

Another sop to the oil industry. Brilliant!

 

Explain to me how trading on Wall Street directly affects the price of oil. Explain to me how trading on Wall Street supercedes the demand for oil from China and India, the situation in the Middle East, the weak American dollar and the oil speculators.

Oil is a global market.

 

I remember once in my adult life when gas prices dropped in a relatively short span in the neighborhood of 45 cents per gallon outside of extreme events. There was the spike right after Katrina, followed by a nearly equal drop within a week or so. Other than that, they have steadily advanced upward, though the ascension has been more rapid in recent months. If the national average is any less than 3.85 a gallon after Labor Day, I'll be shocked. The prices aren't going down. I'm not saying anytime soon. I'm saying ever. They'll continue to go up.

 

You haven't read about speculators? Damn.

 

Boy, I've never seen anyone hate America like Oz does.

 

Wall Street and the Comex operate independently.

 

Well, there's the small matter of the OPEC countries liking the idea of making money.

And I haven't really seen anybody responsible claim that extra drilling in the Gulf and ANWR is a magic bullet solution. But it is a way to help stabilize the market while making the transition to a multi-source energy future. Curiously enough, all the liberals who scream about our addiction to oil seemingly only want to cure it using the Nancy Reagan "Just Say No" approach.

 

No, it's not. There won't be enough oil produced to stabilize the market. Best-case scenario is that it's a decade away. Even then the savings will be so small as to be insignificant. It's pointless.