> RoMunn wrote: > You so desperately want to blame this all on Bush, huh? >
If demand increases (as you accurately point out), yes price will go up. But Regan and the Bush family set a policy of upping supply to offset demand increases via their positions in the oil industry and their personal and diplomatic relationships with the Saudi Royal family. So demand has increased and Bush made a personal trip to the Saudis to call in his favors. They publicly kicked him in the nuts and sent him away empty handed. So much for the Bush policy of offsetting supply. So, if you only tell half the story you're right. If you tell the whole story I am. As for speculators, again, you accurately point out that they work on supply and demand. But again, you only choose to tell half the story. When speculators think that world oil supply will be constrained by, say, a military strike on Iran, they drive up futures. Gee, now who's rattling sabers about an attack on Iran? Hmmm .... Bush? Ah, right, that's the guy. I'm not placing blame anywhere - the facts are. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:263430 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
