Tuesday, June 19, 2012

Why are gas prices dropping?

By Douglas V. Gibbs

I am not complaining. I am happy to see gas prices getting lower. I have to admit, though. . . it is pretty sad that we are getting excited that gas prices is only $3.80 a gallon.

With Obama, however, one wonders why it is that prices are coming down. Could it be because it is election season? We all know the liberal left wants us out of our cars and into public transportation, green fueled shoeboxes, or on bicycles. To accomplish that, they want gas prices on the rise, making driving too expensive to do.

Like I said, it is election season, and some people are so daft that if gas prices are coming down it may be just the nudge they need to pull the lever for Obama.

Donald Trump says the strategy is definitely because of the election season, and that it all has something to do with making deals with the Saudis.

CNBC HOST: Donald, you see the OPEC news this morning? Venezuela wants OPEC to stop pumping more, overproducing, they are saying, that, because Saudi Arabia is pumping above the limits it's supposed to be doing to help us out a little bit and Venezuela is complaining and right now you're looking at oil prices at about back around $82.

DONALD TRUMP: That's still very high, Becky, they should be at $30 if you look at free market. I think Saudi Arabia is doing Obama a big favor. Look, you have to do be a favor, I have to get elected, you can't do it like you've been doing the last three years driving it up to $150 because that's where it's going and I think Saudi Arabia is doing Obama a big fat favor. I think he asked for the favor and prices are coming down, but also the economy's going bad so maybe it won't help that much. but as soon as -- assuming if Obama got elected, you're going to see something with oil like you've never seen before, it will go through the roof. The favor will be repaid many times over.

-- Political Pistachio Conservative News and Commentary

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