aiki14
11-07-2006, 06:40 AM
In the spring we had a poll here as to what we felt would happen to oil prices as the year progressed, at the time oil was closing in on record prices. A few of us, myself included, speculated that the prices would come down prior to the election and then go up, so far it looks correct. I believed that the Bush/Saudi cabal would manipulate the price in favor of republican reelection. Here comes the test of the theory, if over the next few weeks we have a run up of more than 10% (which I feel is statistically significant) it would lend credence to that postulate, if not then the theory would be invalidated.
While I feel this is a minor thing compared to what I believe the neocons are capable of perpetrating in their quest for power, it does appear to be something for which empirical evidence is available for evaluation.
Bottom Line... I'll put my money where my mouth is and hold the CVX, XOM, and BP through the election. (with protective puts in place since my mouth has caused me trouble in the past :wink: )
While I feel this is a minor thing compared to what I believe the neocons are capable of perpetrating in their quest for power, it does appear to be something for which empirical evidence is available for evaluation.
Bottom Line... I'll put my money where my mouth is and hold the CVX, XOM, and BP through the election. (with protective puts in place since my mouth has caused me trouble in the past :wink: )