Wash Post: Oil Price CT Roundup

Well, I suppose this is the closest a mainstream media outlet will get in addressing conspiracy theories.

The Washinton Post has issued a story detailing the various conspiracy theories out there as to the drop in oil prices, including two rather compelling ones in my opinion. Namely, that Saudi Arabia is fighting the OPEC cut in production until December as a favor to Bush, and two, that Goldman Sachs has been dumping its hold on oil stock onto the market -- thus lowering prices -- because Treasury Secretary Paulson (a former top Goldman exec) asked them to in order to drive prices down.

The Post even quotes an oil analyst that says the reason for the price drop is because of the Goldman move.

Seems like there's little white wisps of smoke from that barrel....

Read it here

Does not suprise me at all......after the elections and Bush being a lame duck president he can spend the last two years of his term working on getting oil up around $100 barrel.....making for a nice retirerment for he and his buddies.