Current low oil prices are a combination of things: Sluggish global economy, reduced domestic demand and the end of summer driving season and pre-heating season demand drop correction.
If I subscribed to conspiracy theories, I would a draw a comparison of the current situation to the summer-fall 2004 (when Bush was up fro re-election) and oil dropped $10 a barrel. Wasn't the current US Treasury Secretary Henry Paulson the CEO of Goldman Sachs ? LOL
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Current low oil prices are a combination of things: Sluggish global economy, reduced domestic demand and the end of summer driving season and pre-heating season demand drop correction.
Sep 03 11:29 am
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All Comments by longoil »Oil: The Inconvenient Truth [View article]
If I subscribed to conspiracy theories, I would a draw a comparison of the current situation to the summer-fall 2004 (when Bush was up fro re-election) and oil dropped $10 a barrel. Wasn't the current US Treasury Secretary Henry Paulson the CEO of Goldman Sachs ? LOL