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Originally posted by Ox
I agree with Nerdling.. Everything that is going on right now.. All the "incidents" on aircraft that are being magically foiled by massive teams of Air Marshals that JUST HAPPENED to be on the flights.. Oil prices dropping.. etc etc.. are just Political moves by the Republican controlled Government to try to give them a boost in November.. As also pointed about by Nerdling.. Oil companies favour the Republicans.. usually because they ARE partners or at one time HAVE BEEN partners with someone in office...
The Republicans are scared.. and they should be, they know if they lose controll of Congress then the "War of global radical Islamic extremist terrorists" will END... The "War in Iraq" will end. And Bush will more than likely be impeached..
Originally posted by Roper
If you will go here, futures.tradingcharts.com... you will see that oil has broken support for the short term.
The next support is around 60$. If it breaks this down to 55$.