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I was referring to the "magic of the markets."  Their efficiency operates on so many levels, including regard for political necessities.  This efficiency was not perfect in 2006, as the cheapest gas prices came in December through the following few months, fortunately at the time I had to move my family and our RV from LA to Arkansas.  It would have been much more efficient had the price reached its minimum on Oct. 1 and been back near a peak by December 1.  But at least it was down substantially by election day.  I think that was what TBG was referring to with his "Again."

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 5th, 2008 at 06:04:17 PM EST
[ Parent ]
Possible, but I guess that would involve considerable loss-taking -- and I'm not completely certain that it will really help McCain. Newt Gringrich's 'American Solutions', McCain, and the Republican party were doing quite a good job using the high oil prices to delude the electorate about manly-man red white and blue drilling.
by nanne (zwaerdenmaecker@gmail.com) on Tue Aug 5th, 2008 at 07:04:09 PM EST
[ Parent ]
I don't know if the Saudis have been willing or able to do anything this time.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 5th, 2008 at 10:38:52 PM EST
[ Parent ]

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