A Prediction
Since the government seems to have realized, gradually and belatedly, that trying to scare the hell out of the populace with threats of terrorist attacks doesn’t have the same political effect that it used to, I’m thinking there’ll probably be a change in tactics for the ‘08 elections. With prices both of crude and of gasoline reaching all-time highs (and with gas prices here on the east coast projected to top $4.00/gallon in time for Memorial Day weekend), fuel prices have become a hot-button issue. My gut tells me we’ll see either some form of negotiated deal to drop prices, or a release from the strategic reserves, timed either for the Democratic convention, or some time around Labor Day weekend. I could be dead wrong here (lord knows it wouldn’t be the first time), but this administration has played politics with enough other issues that it wouldn’t take a hardened cynic to see the possibility.
Tags: oil prices, Politics