The Oil Drum | DrumBeat: August 17, 2006

216 comments on DrumBeat: August 17, 2006

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Dragonfly41 on August 17, 2006 - 10:21am

I am waiting for the "Iron Triangles" explanation that the $8 "risk premium" in a barrel of oil has evaporated because there are no more risks in the world.

How convenient that this has all happened right before we head into the fall elections...but then again...I am a bit of a conspiracy theorist...so this does not surprise me.

Mix a little terrorism in with some good economic news....perfect for re-election.

Look for surpressed prices until Dec/Jan.

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tate423 on August 17, 2006 - 11:39am

I agree that oil prices are going to stabalize and possibly fall heading into elections. However, the summer driving season is over and I really don't know the true impact of what that means, I do believe people generally do drive more during the summer months. Demand may have been reduced in this country.

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216 comments on DrumBeat: August 17, 2006

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