So here is this great article on how gas prices could drop:
http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/LowGasolineMaybe.aspx?GT1=8579
Key point:
Crude oil zoomed to nearly $80 a barrel this summer as traders fretted about
waning supplies and two big potential problems: tensions over Iran's nuclear
research program and Katrina-style hurricanes threatening oil production in the
Gulf of Mexico."
"But prices began falling a month ago when it
became clear hurricane season wouldn't be anything like last year. Oil traders
have come to sense, too, that all the saber rattling over Iran was dissipating.
"We got everyone leaning the wrong way," Beutel said.
Then Bush opens his ever widing mouth, and this:
http://www.msnbc.msn.com/id/14888490/?GT1=8506
On the sidelines, Bush pressed Iran to return at once to international talks on
its nuclear program and threatened consequences if they do
not.
Speaking to Iranians, Bush said their country's future has
been clouded because "your rulers have chosen to deny you liberty and to use
your nation's resources to fund terrorism and fuel extremism and pursue nuclear
weapons."
I just want it noted that, in fact there was foresight into what happens next ...
