I recently wrote en article entitled, Have you noticed... This particular article focused on the recent downturn in gas and oil prices. My opinion on that downturn is that it was directly tied to the upcoming mid-term elections. Well, today on the news, I was greeted with what I would call a pretty big support of that theory.
Then came the "reasons" why gas and oil prices are supposedly dropping so quickly. The first reason given was just too weak for words. Frankly, I am surprised they trotted that one out. Gas prices always come down as we head towards winter because winter gasoline blends are supposedly cheaper to produce. Well, that's somewhat true. In the days before DUBYA stole the White House, it wasn't that uncommon to see prices for gas fall slightly after Labor Day. However, as I stated in the original article, the prices stared falling a few weeks before Labor Day, just about the time we started hearing about polls showing the Republicans sucking hind tit coming into the mid-terms. Curious, isn't it? It's even more curious, because prices shot up sharply around Labor Day last year, but I'll get to that one soon.
Then there was the second reason. The market is no longer consumed by fears that Iran will use its oil as a weapon in our ongoing spat with them over Uranium enrichment. I admit that I don't really know a lot about futures markets, and what sends them into spasm. However, this "reason" seems to be just about as weak as the prices falling after Labor Day thing. The situation in Iran hasn't cooled much. Israel calls them the handmaidens of Hebollah. They are still enriching Uranium, and the rest of the world still has its panties in a bunch because of the enrichment.
Reason number three: the pipeline "failure" in Prudhoe Bay isn't as "bad" as originally thought. I might buy that one except that a few weeks ago when it was discovered, the prophets of oil doom were saying this one could pump prices up to over four buck a gallon for gas. I have to think that one has all the smells of a ruse. The Oil Pigs were getting hungry for even more profit, and they figured that would be a good cover story to jack up gas prices some more. While it might seem more plausible than the other reasons so far, I still think it's a ruse.
Reason number five: The drilling into the new oil reserves deep underneath the Gulf of Mexico. We are back to the "I don't buy it" list now. From what I heard, they aren't going to be getting anything out of those deep wells for years to come. While it could be understood that the mere presence of these wells, and the promise of the oil they contain might set us up for more plentiful oil in the future, I fail to see how that can so drastically effect oil prices here and now. Once again, it smells like a ruse to me.
It pays to pay attention to everything you are hearing when you are listening to the news. The biggest gems, and truest words always seem to come after the whitewash (or is it hogwash) has been applied. At the end of this story, it was said that even with the reasons given, gas prices are falling faster now than at any other time in history.
To me, that's the telling tale. That simple statement tells me that all the reasons given before, and everything else about the report was pure grade bullshit. Those words let me know that my original hypothesis on the situation is correct. Gas prices aren't falling because of any of the reasons that were trotted out on that particular report. They are falling so that gas prices aren't an issue in the upcoming mid-term elections. Since it's obvious from the report of concerns by voters that gas prices aren't in the top five any longer, this ruse by the Oil Pigs and the politicians who are in cahoots with them is having its desired effect.
It's not going to work on me, and I hope it doesn't work on anyone else with a brain. This is a clear example of nothing less than price manipulation, and political manipulation by the Republicans and the Oil Pigs. The Oil Pigs wanted lots of money, so they jacked up gas prices to criminal levels, and the Republicans looked the other way. Now that the Republicans are shaking in their crude oil covered boots, they are telling the Oil Pigs to ease up on their criminal profits.
Until I saw that report tonight, there was a shadow of doubt that maybe I was being paranoid. Perhaps I was analyzing the situation too much, or seeing ghosts where none existed. Now I know better. It's not paranoia if it's true. As far as I can see, this one little news report removed that shadow of doubt. You watch, either way the mid-term elections go, you can bet that oil and gas prices will find a way to start rising some time after November. The hope is, if the Democrats do take over the Senate, this time around, there will be a real investigation of the shenanigans pulled by the Oil Pigs.