Oil Prices Rigged
Reported by Eleanor - September 8, 2004 -
This news item came from democrats.com, September 8.
OPEC Rigs Oil Prices to Help Bush Campaign
Even as Bob Graham calls for an investigation into why Bush blocked an FBI probe of the connection between Saudis and 9/11, Bush's Saudi pals are paying him off for "services rendered" by rigging a drop in oil prices right before the election.
But to hide the fact that the drop is based on a Saudi promise to Bush made back in April, 2004, OPEC issued its announcement through the organization's Indonesian president, Purnomo Yusgiantoro. Here's the story Yusgiantoro is giving out: "the world is oversupplied with about 1.5 million barrels of oil a day, and falling prices in the futures market suggest an easing of concern over supply disruptions." Since when do escalating attacks on Iraq pipelines "ease" oil concerns? And if there's a surplus, why were prices nearly $50/barrel? To help OPEC rip off the US? See OPEC Sees Oil Worries Easing from Bloomberg.
Also from Democrats.com: Back in April, Saudi Prince Bandar pledged he would make sure that oil prices fell in the run up to election 2004 as a way to help his good buddy Bush. After all, Bush told the FBI to back off investigating the Bin Ladens in summer 2001, then let the Bin Ladens fly out of the US within days of the 9/11 attack. Later, Bush blocked an FBI investigation into the Saudi connection to 9/11. So the Saudis owe Bush big time. Now they're paying him off. Right on schedule, OPEC announces that after months of supposed "tight supplies" and inflated prices there's suddenly plenty of oil and the price is going down...at least through November 2. See Oil Prices Down Nearly a Dollar from CNN Money.
