Let’s Take a Look Back
Now lets think back to October… think back… come on way… back… almost there… OK, we’re in October 2006. After buying lottery tickets, let’s remember the conspiracy theories about the falling gasoline and oil prices. Remember these? And these? This one on Al-jazzy is the best, stating that prices WILL RALLY after the mid-term elections.
Right now, in October 2006 President Bush is lowering oil and gasoline prices so people will be happy and vote for Republican Congressmen. He is. That’s what he does.
After the elections, we will see a drastic rise in oil prices.
OK, now let’s go back to January 12, 2007… come on… almost…. OK. Today I see that NYMEX oil prices dropped to $51.88 per barrel (bbl). You can click that link and see the graph of historic prices over the last year.
Notice how it peaks in August or early September 2006 and then falls? That’s Bush lowering the oil and gas prices and then raising them back up.
Oh wait, you mean they’ve continued to fall? So maybe this was not a conspiracy at all? Maybe oil prices are controlled by global economic factors? Wow.
I question the pricing…
