Monday, November 20, 2006

Oh yeah, “soaking up” the ”mini-glut” of crude

Election’s over. Gas prices are rising again. Salon says, “After dropping 84 cents between Aug. 11 and Nov. 3, gas prices are up five cents in the first Lundberg Survey released after the Nov. 7 election.

“Trilby Lundberg tells CNN that the reversal in the 12-week pre-election slide shows that the market has ‘soaked up’ a ‘mini-glut’ of crude oil from August, causing a ‘normalization’ of supply and demand.”

Now that’s crude. See what you get when your president is in bed with oil companies?



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