WHY ARE GAS PRICES DROPPING? | 2001-12-01
Despite a war right beside the world source of petroleum, gasoline prices have been dropping. With their usual uncanny ability to miss the point, our ruling "intellectuals" and their commentators tell us it is only because of the business downturn.
That's part of it, but unrest in the Middle East should lead to a situation where you are lucky if oil prices don't skyrocket even in a recession.
It looks like something is pushing the price down. It could be that our beloved "allies" in OPEC want to show their support for the American offensive against terrorists.
Or maybe Bush is being firm for American interests behind the scenes. Maybe they are firm about oil prices. I hope so, but I have my doubts.
It is unusual for the American government to do anything but wobble on American interests IN PUBLIC. So the idea of anything being done privately in that direction is hard for me to credit.
I was in on negotiations by the US Government over the years, and those apparent sellouts you see out in the open are just indicators of how this government acts in private. Nonetheless, I live in hope.