Pardon me, but I thought the price of gasoline was high because the Bush Administration was controlling the oil industry to makes Bush and Co. billions and billions of dollars.
Why aren’t they being praised today then:
Crude oil for December delivery fell as much as $2.84, or 4.3 percent, to $63.12 a barrel. It was at $63.12 a barrel at 10:46 a.m. London time on the New York Mercantile Exchange. Oil’s monthly decline may surpass February 1986 as the worst month ever, when it dropped 30 percent to $13.26 a barrel.
Prices have tumbled 56 percent from a record $147.27 on July 11 and are down 32 percent from a year ago. Futures dropped $1.54, or 2.3 percent, yesterday to settle at $65.96 a barrel.
Seems to me that if they have the power to raise them, then they have the power to lower them. Thank you, oh Big Oil market Gods, for lowering the price of oil at the exact same time the markets took a dive. I’m sure there’s no correlation there. Just pure benevelend from Big Oil.
Thanks Big Oil.
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