Has the Revolution Started? Oil Prices Fall Under $94 a Barrel!

AUTO CENTRAL – September 30, 2008: News from Perth, Australia in the European and Americas’ early morning hours is that U.S. light crude oil (for November delivery) has fallen another $2.50 per barrel, to $93.87.

The report blames the rejection of the Washington Bailout Plan for the fall. But in light of the fact that a fall in the price of oil is great news, especially when coupled with word that greedy oil speculators may be getting hurt, how could the word blames be used to describe the reason for the fall.

Wouldn’t a more appropriate verb be praises, as in “The report praises the American public for rejecting a bogus plan that law makers tried to force into congressional approval?”

It seems to me that rejecting the bailout plan has already given us a dividend: cheaper gasoline at the pumps. The reduction should actually give consumers a better Christmas holiday season. If the rejection of the plan has lowered oil prices, should we assume that the passage of the plan would have pushed oil prices back up, towards new record levels?

See that Barney Frank and Nancy Pollozi, maybe the public is a whole lot smarter than you want to acknowledge.

Now, if we could just get congress to pass a bill that mandates the use of American produced CNG and propane, imagine how much lower the price of oil would go.

Viva la revolución! Email your senators and representative in Washington and tell them that 'We don’t need no stinkin’ bailout plans.'

We only want a bailout plan that doesn’t smell like month old payoff money in a wet leather satchel.