I wonder why the oil price is going down dramatically from just a couple months ago. In fact, it’s really good news for the economy and consumer but if it’s too coincident to the up coming mid-term election in this November.
As we all know, this administration and the Republican are very friendly to the oil companies. The oil companies love the generous Republican who always gives them billions of dollars of tax break. It is likely that if the Democrats take back the congress, they will put the tax on their hefty profit.
The oil price is one of the factors that will determine this coming election. Is it possible that the lower oil price is a payback to the Republican from the big oil companies?
Price is heading down south right now and I believe it will go up after the election.
Tae Athikomvittaya