Keith Watanabe * NET 2.0

I was pretty surprised in coming back to LA how gas prices have sunk to around $2.19.  That took me off my feet.  Of course, that's due to the lowered demand of oil.

Or has it?

My belief is that the price of oil has fallen not because of the demand, but because Bush and Chenney are getting kicked out of the Oval Office and their crony friends in oil (and whatnot) are now running with their profits.  If McCain's party had won the election, I believe that oil would still be at an all time high.  Now though, the oil companies have done their damage and are slowly deflating the cost before the next president comes into office and investigates them.

It's really an odd occurrence if you think about it.  Why would oil suddenly drop so dramatically within the past few weeks just around the election period?  Sure, stocks have gone done but that's because the market has been inflated and people have retreated.  But I doubt that the real demand for oil would shoot down so far so fast.

Could loss of jobs relate to the drop in oil prices?  Possibly.  It is entirely possible that people who are being laid off now are staying home.  But the raw number of people that should be effected until now probably wouldn't number this great of a difference.

Also, naturally supplies could not have magically appeared out of nowhere, so the demand could not have shrank by that much.  So I have no other choice but to eye the oil manufacturers and their link to the current administration for this price crisis.  Hopefully, the next administration will put a special eye on these companies and Chenney in particular.  Lowering the price is not an apology for what has gone on in the past 8 years.