This thread discusses the Content article: McCain credits Bush for drop in oil price

And this, ladies and gentlemen, is evidence that John McCain is desperate and losing it.. In fact, I'm wondering if senility is setting in.

Give Bush the credit. What a hoot. It could not be the fact that oil supplies rose sharply (the typical supply-demand scenario) that normally affects economic issues, not to mention the expiration of options contracts and other issues. Here is an article from a week ago,

The Energy Information Administration reported that U.S. crude oil supplies rose by 3 million barrels, or 1 percent, last week. That is the opposite of the 3 million barrel draw analysts surveyed by energy research firm Platts expected. Gasoline supplies also leapt unexpectedly.

"The numbers were decidedly bearish on just about all fronts," Ritterbusch said.

Industry observers cautioned that prices could still bounce back, just as they have following large drops in recent weeks.

"I do expect this bubble to burst. Is this is it? It might be ... but I'm not ready to say so yet," analyst and trader Stephen Schork said.

A number of market participants speculated that at least some of the week's sell-off was the result of cash-strapped banks selling energy contracts to raise money for other needs.

Oil Price Drop

And here is the data on oil today. They mention higher inventories as well, as well as other truly economic issues. Not a word about McCain's "Bush" factor.

OIl Today

Oh, the economists will have fun with this one. I guess we should give McCain a break, though. He's already admitted he does not know much about economics.

truthhurts wrote:
This thread discusses the Content article: McCain credits Bush for drop in oil price

It could not be the fact that oil supplies rose sharply (the typical supply-demand scenario) that normally affects economic issues,

Now you're talking.

I find it very interesting that as soon as oil prices go up, so does the price at the pumps, but when the price drops, the price at the pumps stays the same or actually goes up. I'm no economics expert, but I do believe that we, the consumers, are getting a good old fashioned screwing!

So I guess we are right to blame the sharp increase over the years on Bush. If McCain wants to give him credit for drops, we can also blame him for increases.

unaffiliated_person wrote:
So I guess we are right to blame the sharp increase over the years on Bush. If McCain wants to give him credit for drops, we can also blame him for increases.

Only if he put the ban on offshore drilling in the first place. You did read the article, didn't you?

The American people are going to see the wisdom in this and give McCain the victory he and the American people deserve. The Magic Messiah Obama is headed for a defeat of McGovern proportions.