Recent news articles suggest that a large, and possibly dominant, element in the surge in crude oil prices consists of speculation as opposed to actual demand versus supply. While demand is indeed rising, as driven by the growing Chinese and Indian economies, this does not explain the recent doubling of crude prices. Noting that poor economic conditions usually help the challenger party against the incumbent party in an election, and that many foreign countries want Barack Obama to be elected, this leads to a frightening possibility:
Are foreign governments and/or other entities manipulating oil prices to deliberately throw the U.S. economy into a recession to get people to vote for Obama?
...On another note, Obama, while campaigning in Pennsylvania, said that gasoline was at four dollars a gallon–when it was still at $3.50. How did he know that gasoline would reach four dollars a gallon this summer?
The Husaria, The Husaria 13 Comments
[6/14/2008 8:20:08 PM]
Fundie Index: 1
Submitted By: Damned at Random