Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
John Kenneth Galbraith, 1908-2006, economist
I have been saying ever since gas prices started coming down and not jumping back up in time for Labor Day that there is some connection to the upcoming mid-term elections. Some how the market is being manipulated, at least from my perspective, because if a hurricane strikes or a pipeline breaks that is an excuse to raise prices -- immediately.
Jay Leno once joked oil companies raise the price of oil after any mishap faster than one gets gas from a bean burrito.
My prediction is gas prices will again climb to more than $3 a gallon after the election no matter who wins, oil companies tend to support the Republicans because they believe in the Darwinian theory of capitalism.
However, Dr. Steven Taylor over at Poliblog (where I check in for his take on political events) doesn’t agree with me, and he makes a valid point, but I believe there is some collusion, and maybe OPEC is involved. I left a comment under one of this posts and here is his response, which makes sense, so if anyone has an answer or a theory I'd like to hear it, maybe my friend at Anything They Say will have an answer.
Dr. Taylor’s reply:
...The price of oil is determined by the commodities market, and that isn’t just driven by the oil companies–it is driven by traders.
Explain to me how the administration or the oil companies are able to manipulate the price of barrel of oil on the commodities market.
And, if they can, what would be their motivation for doing anything except keeping prices high?
You might argue that the GOP is good for business, but if they can manipulate the oil prices at will, why would they care about which party is in charge.
Further, the argument is predicated on the notion than an administration that is supposedly inept is somehow simultaneously hyper-powerful. That doesn’t tack.
And you know that I am not an auto-booster for Bush.
Comment by Dr. Steven Taylor — Friday, September 15, 2006 @ 8:42 pm under a Thursday post titled $2.27