It theorizes that George W Bush & Co have been pushing oil price down to help his approval ratings and republican’s re-election chances. Check out the chart on how GWB’s rating’s basically an inverse of oil price.
If you watched Farenheit 9/11, you’d know GWB’s well connected with the Texas oil patch as well as the Saudis so his influence (however short term it may be) cannot be dismissed. Also, the white house determines the U.S. (and to a certain extent the world’s) response to the iranian situation.
Interstingly since the 1970s we’re getting close to an energy crisis and it just so happened we now have a president who’s history with the oil industry put him in a position of power and influence in that sector. And we know that power tends to get abused … especially if you’re a politician ?????
