dailyfueleconomytip.com — According to a recent poll, nearly 50% of Americans believe gas and oil prices are being manipulated for the upcoming Presidential election. And, considering since 1990, 75 cents of every dollar contributed by energy companies to campaigns has gone to the Republican Party, it's pretty clear who Big Oil would like to see elected.
Sep 7, 2008 View in Crawl 4
nabeelcoSep 7, 2008
<a class="user" href="http://maplight.org/">http://maplight.org/</a> is very useful for pulling up this kind of information. Check it out.You can see who gets the most money from where, etc...
hawker400Sep 8, 2008Submitter
Don't you think that Katrina was sort of an extenuating circumstance?
striker101Sep 8, 2008
Manipulation -- lots of people seem to like to claim it, but what's happened is inflation of our dollar by The Fed's uncontrolled and uncontrollable expansion of the money supply, altho I guess you might call that manipulation too, huh?
whataboutdaveSep 8, 2008
No, just the title. Don't you love Digg?
kaelyiestaSep 8, 2008
Here are several likely influences on gas prices:Dollar inflation(thanks Fed).Obscenely artificially low interest rates(thanks Fed), pushing investors towards hard goods like gold, oil etc...Natural disasters(thanks Earth).Illegal speculation by the ICE which bought out the International Petroleum Exchange to exploit a loophole in commodities futures (Thanks congress, for being bribed by investment banks to not vote for Stop Excessive Speculation Act).Wars(thanks congress, neocons in the whitehouse)
hawker400Sep 8, 2008Submitter
Eh, technically the title was correct. Who am I to judge and say that the half that thinks prices are being manipulated are wrong?
txchicaSep 9, 2008
@Amy, sounds like they were gouging you guys up in NY. Where I live in Texas I've never seen it go up more than 15 cents a gallon in a day, and normally they back off of that the next day. I would have had a fit if gas had gone up $1 a gallon in one day.