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Politics : Bush Administration's Media Manipulation--MediaGate?
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To: Threshold who wrote (8679)10/4/2006 9:00:29 AM
From: Proud_Infidel  Read Replies (1) of 9838
 
Apparently you didn't bother to read the article you posted:

GOLDMAN's announcement on Aug. 9 was not the only downward pressure on prices that week, market participants stress. And while it may have played a part in sending prices down, the market would never have continued its downward trend unless supplies had loosened up, they say.

Also during that week, climatologists revised their hurricane forecasts, easing fears that oil supplies could be disrupted. And BP said it would still produce some oil from its field in Prudhoe Bay, Alaska, where leaks were being repaired. Meanwhile, the peak gasoline season was ending, and new supplies of ethanol were coming online.
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