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September 22, 2006

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» Petroleum Politics from Political Animal
PETROLEUM POLITICS....Brendan Nyhan is gone from the American Prospect and is now back at his own site. I think this is for the best: TAP's politics are liberal while Brendan's are centrist. There's no special reason that a liberal magazine... [Read More]

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I simply find it curious that gas prices have fallen an average of 11 cents a gallon to the lowest price in two years ONE month before highly contentious mid-term elections. Seems awfully convenient to me.

There is no supply and demand explanation in the world that can explain away how "demand" has somehow fallen so much in the past week that gas prices could possibly plummet as much as they have recently.

Did China suddenly convert to BioDiesel?

And, to suggest that the president has little or no control over gas prices or the price of oil is ludicrous... all the man has ever had to do is pick up the phone and call his buddies at Exxon Mobile or the Crown Prince Abdullah.

He may have minimal sway over the base price of oil per barrel and no control over how much oil is left in the ground, but he certainly has the power to effect politically expedient price shifts for short periods of time. That's what governments do.

Gas prices:Bush::shark attacks:Wilson

(Political scientists will get it)

Jason, I thought it was massive hurricanes in Florida that the voters couldn't distinguish from acts of God when voting...

Hey, its nice and quiet around here now that the Atrios sock puppets have left.

"I simply find it curious that gas prices have fallen an average of 11 cents a gallon to the lowest price in two years ONE month before highly contentious mid-term elections. Seems awfully convenient to me."

A quick look at the historical gas prices on any gas price tracking site will show this to be incorrect.

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24

Take a look at this graph. Prices are falling at about the same rate as they did last year, to a low in December.

Did China suddenly convert to BioDiesel?

China's oil demand was flat last year, I know from a Foreign Affairs article called "Two Cheers for Expensive Oil."

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