J.L. Stern of Highland Park, Illinois, gives us this gem:
Isn't it curious that when gas prices were rising every week, so many were quick to blame President Bush? Yet today, with the price dropping rapidly, you don't hear a word of praise. Is Bush really the cause of all our nation's ills, and have we learned anything from the gas price fluctuation?Hmm, J.L., won't try and explain the complexities of the oil market to you, but at an ever so basic level, this is a commodity that trades on anticipated supply and demand. We now will have a president who won't wage mindless wars to torpedo the "supply" part of that equation, and in terms of "demand," well, a little thing known as Bush's Great Depression certainly tempers that.
Understand, J.L.?
Oh, and by the way...
of you have sat, and perhaps thought, with us!
1 comment:
It's not really all that complicated - you know that stock market thing that had inflated the price of oil? Well, now that it's plummeted, everything that tracks with it has also plummeted. You take the good, you take the bad, you take them both, and there you have the economy.
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