Hmmm, I smell Q-400 by early next year. As for the low oil prices- watch what happens after the elections are over. I bet it creeps right back up due to speculation. This has nothing to do with pro Democrat or Republican, it's just going to be a part of the game- watch!
Are you suggesting that the politics control gas prices?
If you in fact are, I would ask you if your familiar with the OPEC cartel?
WIKIPEDIA
The
Organization of the Petroleum Exporting Countries (
OPEC) is a
cartel made up of
Algeria,
Indonesia,
Iran,
Iraq,
Kuwait,
Libya,
Nigeria,
Qatar,
Saudi Arabia, the
United Arab Emirates, and
Venezuela; since 1965 its international headquarters have been in
Vienna,
Austria.
The principal aim of the Organization, according to its
Statute, is "the coordination and unification of the
petroleum policies of its member countries and the determination of the best means for safeguarding their interests, individually and collectively; devising ways and means of ensuring the stabilization of prices in international
oil markets with a view to eliminating harmful and unnecessary fluctuations; giving due regard at all times to the interests of the producing nations and to the necessity of securing a steady income to the producing countries; an efficient, economic and regular supply of petroleum to consuming nations, and a fair return on their capital to those investing in the petroleum industry."
[1]
OPEC's influence on the market has not always been a stabilizing one, however. It alarmed the world and triggered high inflation across both the developing and developed world through its use of the oil weapon in the
1973 oil crisis. Its ability to control the price of oil has diminished greatly since its heyday, following the much-expanded development of the
Gulf of Mexico, the
North Sea, and the growing fluidity of the market.
However, OPEC still has considerable impact on the price of oil. It is still commonly used as a textbook example of a cartel.
