You can spin it either way.
Republican spin: Palin is from oil-rich Alaska, and her candidacy makes it more likely that oil will be drilled domestically, which will reduce future prices.
Democratic spin (the more likely one): It's looking more and more like Obama's gonna with this thing, thanks to Flailin' Palin. Speculators around the world assume this means oil will decrease in price in the near future because Big Oil will be out of power, we will withdraw from Iraq, no war with Iran, etc.
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Kerry Lauerman
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Comments
2. The price of oil has been rapidly dropping since July, when dear Sarah was not even a glint in old John's eye.
Would you believe the market price for a barrel of light, sweet crude on the NYMEX could fall all the way to $80 without breaking the long-term uptrend?
It's twoo.
Absolutely. I agree. There is very little support until one gets to, maybe, the $60 level.
It's a beautiful thing.
Curious that the Editors picked this post---it's just ridiculous, nothing more.
I'm watching Lieberman now...ewwwwww