Apparently, Bush is creeping back up into daylight in the latest polls. USA TODAY has him unassailably in the 40s! Given that Iraq is as bad as ever and his "New Fangled Torture" effort is being blocked by heavy hitters from his own party (Kudos to Graham for putting America over his candidacy BTW), the only credible positive is falling gas prices.
In SoCal, we've seen prices plunge nearly .40 cents/gallon in the last 4 weeks. That's more than a $5/tank difference for me. $2.89/gallon is nowhere NEAR Clinton prices, but anything lower than Bush's magical $3 threshold is like manna from heaven. Of course, the oil companies are also battling California's Prop. 87 which would chop into their profits while funding alternate energy.
In an example of sublime political calculus, the oil companies started their price drop in a sweet spot that gives them just enough time for consumers to appreciate the price relief in the run-up to the election WHILE still maximizing their multi-billion dollar profit margins. Of course, it doesn't help their case when the NO on Prop 87 ads feature "Chevron" as one of the agencies concerned with higher corporate tax on oil companies...
In SoCal, we've seen prices plunge nearly .40 cents/gallon in the last 4 weeks. That's more than a $5/tank difference for me. $2.89/gallon is nowhere NEAR Clinton prices, but anything lower than Bush's magical $3 threshold is like manna from heaven. Of course, the oil companies are also battling California's Prop. 87 which would chop into their profits while funding alternate energy.
In an example of sublime political calculus, the oil companies started their price drop in a sweet spot that gives them just enough time for consumers to appreciate the price relief in the run-up to the election WHILE still maximizing their multi-billion dollar profit margins. Of course, it doesn't help their case when the NO on Prop 87 ads feature "Chevron" as one of the agencies concerned with higher corporate tax on oil companies...
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