Stories tagged with "2008 election"

The Myth of Election Year Price Manipulation

It seems that every election season, conspiracy theories arise that the oil companies are trying to bring down gasoline prices in order to influence elections. The thinking is that oil companies tend to favor Republicans (true) and that they bring prices down to help Republican candidates. When I hear this sort of talk, I try to explain to people that U.S. oil companies control so little of the world oil market that there isn't much they can do to influence prices. They simply don't have the stroke that people think they have.

But a poll in 2006 showed that nearly half of Americans thought Bush had successfully manipulated prices down as the election approached:

Almost half of all Americans believe the November elections have more influence than market forces. For them, the plunge at the pump is about politics, not economics.

Retired farmer Jim Mohr of Lexington, Ill., rattled off a tankful of reasons why pump prices may be falling, including the end of the summer travel season and the fact that no major hurricanes have disrupted Gulf of Mexico output. “But I think the big important reason is Republicans want to get elected,” Mohr, 66, said while filling up for $2.17 a gallon. “They think getting the prices down is going to help get some more incumbents re-elected.”

The Speech I'd Like to Hear from a Presidential Candidate on Energy and Climate Change

This is a guest post by Eugene Linden. Eugene's most recent book is Winds of Change: Climate, Weather, and the Destruction of Civilizations. Prior books include The Future in Plain Sight: Nine Clues to the Coming Instability. Over the years, Eugene has written for publications ranging from Parade to Foreign Affairs (for more complete list, please visit Eugene's site). In recent years Eugene has been publishing more and more on the web. Apart from his writing, he does a good deal of speaking, and also serves as chief investment strategist for Bennett Management, a family of hedge funds.

"The Speech I'd Like to Hear from a Presidential Candidate on Energy and Climate Change" by Eugene Linden

“As I stand here today on the shore of Lake Lanier in Georgia, I’m sure that many of you are wondering why I’ve chosen to talk about climate change when we face so many immediate problems. Climate change seems far away while the housing and credit crisis, unprecedented oil prices, expensive healthcare, a global food crisis, and the never-ending war in Iraq are right upon us.

These are all urgent issues, and the American people have every right to demand that a Presidential candidate address these problems with leadership and credible programs. Indeed, I’ve spent the great majority of my time in this campaign trying to lay out the way I would confront such issues should the voters entrust me with the Presidency.

But many of these problems, particularly energy prices, our national security and soaring food prices cannot be addressed in isolation. Moreover, changing climate feeds into a number of these immediate issues, and the threat of climate chaos may not be as far off as we might hope.