I said that the Republicans had to get the price of oil down before the election if they were going to have a chance.
The Financial Intelligence Report is now predicting a major decline in the price of oil next year, leading up nicely to the elections. What with a warm winter (thus far) keeping demand down, and oil inventories at a seven-year high, we could apparently see $40 a barrel in the next year, down from the current $55 a barrel.
That'll be a good thing, come summer driving season.
Let alone next November, when people gas up to drive to the polls...
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