Oil Prices Keep Rising, Gasoline Prices Keep Dropping

[Pryderi]

NOTHING SUSPICIOUS HERE!

http://www.signonsandiego.com/news/business/20061016-1052-oilprices.html
Oil prices up slightly ahead of OPEC meeting, gasoline prices approach low for the year


http://uk.biz.yahoo.com/061011/323/goh7p.html

Oil prices fall slightly, despite planned output cut by OPEC members

LONDON (AFX) - World (WRGR.TA - news) crude prices showed slight losses on Wednesday after OPEC said that its members would cut their combined output by one mln barrels per day in November.
Prices had shown heavier losses earlier in the day, and the subsequent firming indicated that the OPEC announcement was lending support.

[MADem]

1. Planned output cut in November, eh? When, on the 8th, perchance? NT

[spag68]

2. Oil

And yet US oil reserves showed another build last week, thats three weeks in a row.

[snowbear]

3. What will happen if.........

...Hugo Chavez is denied the seat he's fighting for in the UN?

Venezuela supplies up to 15% of US oil imports and the US purchases up to 60% of Venezuela's oil output...

According to articles rolling across Google such as http://www.turkishpress.com/news.asp?id=146939 and tons of others..

"A loss would sting Venezuela's firebrand leader, President Hugo Chavez, who famously used the UN General Assembly chamber as a platform to call US President George W. Bush "the devil." He placed the non-permanent seat at the center of his plan for oil-rich Venezuela's foreign policy."

I'm wondering if Chavez will retaliate by turning off the tap.. or if the UN will cave in and give him the seat?

Should be interesting..

[Vexatious Ape]

4. I sure the hell hope not.

I only pump at Citgo and don't want to be forced to buy gas anywhere else.

[The_Casual_Observer]

5. Even the rw rubes know they are being gamed by this price thing.

These prices aren't going to last.

[Pryderi]

6. CBS story: Gas Drops At Election Time: Coincidence?

http://www.cbsnews.com/stories/2006/10/16/eveningnews/main2095923.shtml

(CBS) For two months now, gas prices have been in freefall, plunging 81 cents a gallon since August and giving the president some rare good news.

Gas prices started going down, CBS News correspondent Anthony Mason reports, just as the fall campaign began to heat up. Coincidence? Some drivers don’t think so.

"And I think its basically a ploy to sort of get the American people to think: 'Well, the economy is going good, let's vote Republican,’” says one man pumping his gas.

Call the conspiracy theory crazy, but it’s spreading through Internet blogs and over the airwaves. And a recent Gallup/USA Today poll found that 42 percent of people actually believe the Bush administration has “deliberately manipulated” the price of gas to effect the election.

[RebelOne]

7. I don't know, but they seem to be going up here in North Georgia.

Last week, I paid $1.99 a gallon at Citgo. This morning, it was up to $2.04.

[Vinca]

8. We'll be at 50 cents a gallon by Halloween! nt

[Pryderi]

9. I was looking at the breakdown of "what goes into a gallon", and profit

wasn't listed.

http://money.cnn.com/2006/10/19/news/international/opec.reut/index.htm
click on:
What goes into a gallon of gas