Thursday, September 28, 2006

Michael Klare, Why Oil Prices Are Falling

Yet another reminder that the people we are up against are not as infallible or as secure as they would have us believe. They are scared! Wouldn't you be, if you were them? Even a sociopath feels his own pain and fear, when he is brought face to face with consequences.

They will fight against whatever or whomever they perceive as a threat,

Just allow me to say, that scared is much scarier to me than the "they are evil" meme. That one is so widely used, against so many people, some of whom I actually know and do not find in the least evil, as to be meaningless anymore. As a matter of fact, the "evil" people I know, mostly "libruls" in this country, aren't even scary.

Scared people are usually not at their best, mentally or emotionally. Scared people are fookin' scary, as my inner Scot would say.

What one might do, as a very scared person, is the 64,000 dollar question, isn't it, Mate.






TomDispatch - Tomgram: Michael Klare, Why Oil Prices Are Falling:

The price of crude oil, which this summer threatened to top $80 a barrel, briefly dipped under $60 for the first time in six months yesterday, a 23% decline from July highs. In the Midwest, where gas not long ago had soared to $3 at the pump, it now averages, according to the Energy Department, a nationwide low of $2.20 a gallon ($1.89 at one Jackson, Missouri gas station).

At the same time, another set of figures rose precipitously. According to a recent Gallup Poll, 42% of Americans 'agreed with the statement that the Bush administration ‘deliberately manipulated the price of gasoline so that it would decrease before this fall's elections.'' Two-thirds of those respondents were registered Democrats for whose party the price at the pump has proved a potent issue. The price of crude oil, which this summer threatened to top $80 a barrel, briefly dipped under $60 for the first time in six months yesterday, a 23% decline from July highs. In the Midwest, where gas not long ago had soared to $3 at the pump, it now averages, according to the Energy Department, a nationwide low of $2.20 a gallon ($1.89 at one Jackson, Missouri gas station).

At the same time, another set of figures rose precipitously. According to a recent Gallup Poll, 42% of Americans 'agreed with the statement that the Bush administration ‘deliberately manipulated the price of gasoline so that it would decrease before this fall's elections.'' Two-thirds of those respondents were registered Democrats for whose party the price at the pump has proved a potent issue.

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