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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,774,755 times
Reputation: 3587
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Quote:
Originally Posted by bchris02
Hopefully this drop can be sustained and isn't short-lived like the last two have been. There is more at work behind the oil prices than we are lead to believe. I am just guessing, but I fully expect oil to go lower than anybody anticipates as the election approaches.
The election has really not much to do with it. It just so happens that Election Day- at the start of November- is also right at the low point of gas prices. This occurs every year- election or not. Gas begins to fall after the summer driving season ends and demand falls. It falls until it hits a low point in mid November before the holiday travel season kicks off and demand goes back up.
dude, your predictions are all over the place. stick to something man, even if you are wrong.
I predicted $200 by Labor Day, but then I've always thought there was a good possibility the prices could fall off after that. Since Bush has been President, there has been huge decreases in oil prices near election season. Not sure if there is anything behind that or if its just coincidence. If we start a permanent downtrend now, which is much earlier than I predicted, I think there is a good chance we could be well below $100 by election day. I do think though there is a good chance these prices could reverse themselves and we could be testing $150 again in the coming weeks. Either way, the prices will fall after Labor Day.
Quote:
Originally Posted by KevK
The election has really not much to do with it. It just so happens that Election Day- at the start of November- is also right at the low point of gas prices. This occurs every year- election or not. Gas begins to fall after the summer driving season ends and demand falls. It falls until it hits a low point in mid November before the holiday travel season kicks off and demand goes back up.
Last year prices continued to rise throughout the fall and winter. They fell off in 2005, but nothing like they did in 2004 and in 2006, both election years.
You are crushing peoples hopes and dreams. They have to have something to hold on to, even if its a fantasy.
Yeah, but the incessant cheer-leading isn't indicative of most Americans' budgets and financial situations right now. So, I find it insulting. I certainly don't relish "doom and gloom," but the more these people yell, "Yay, economy!" the more our delightful elected officials can bury their heads in the sand.
I love me some suckers. It's like taking candy from a baby. Keep hyping this market yall. The higher the fake rally goes, the bigger the fall. I love it. Bear trap baby!!!
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