Re: Gas Prices

First of all: Yay!

NEW YORK (AP) -- Oil prices closed below $104 a barrel Tuesday for the first time since early April as traders bet that Hurricane Ike would miss critical Gulf Coast oil installations and in Vienna, OPEC's president signaled the cartel wouldn't cut production.

Flow you sweet, sweet crude! Flow!

Second of all, I have no prediction about what gas prices are going to do. I have no idea, and I don’t claim to.

I do know that daily events have a great deal of short-term effect on investor behavior. You get those commodities brokers skittish, and there’s no telling what they might do.

So. My plan: use the Power of the Internet – specifically, the vast influence of the Badger Blog Alliance – to scare speculators into thinking the price is crashing. Get out now!

This will – if I can get my co-bloggers on board – cause a panic, and a run on selling oil futures, which will in turn bring the price down.

See? It’s a great idea. Get on board!

Unless, of course, you think today’s high prices are necessary in order to drive public interest in more domestic exploration and drilling; loosened clamps on new nuclear production; and faster development of those high-yield photovoltaic thingies that you can put on your roof.

In which case, stay put, investors! Don’t let every little thing scare you off! Buy! Buy! Buy!