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...and you know what? Announcing we ARE going after oil on the contintental shelf or Alaska DOES immediately drive the price down because it sends a signal to the speculator market that in the FUTURE gas is going to be CHEAPER and they start bidding DOWN *NOW.*

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alexfiles
Jul. 18th, 2008 09:38 pm (UTC)
P.S.
If this did result in an immediate effect at the pump, despite the fact that supply will not change for 8+ years, then it lends some credence to the idea that this is Enron-like manipulation of the markets.

http://egan.blogs.nytimes.com/2008/06/25/the-petro-manipulators/

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