Quote:
Originally posted by Hank Chinaski
Saturday Zogby- Kerry up 1
Sunday Zogby- tied
Today Zogby- Bush up 1
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What about the
energy traders?
"LONDON (Reuters) - Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry (news - web sites) could ease the geopolitical friction that has helped fuel this year's record-breaking rally.
. . .
" 'A Bush status quo results in somewhat higher oil prices both in the short and the longer term, in my view,' said Tim Evans, senior analyst at IFR Energy Services.
"PFC is forecasting an average U.S. crude price of $43 a barrel in 2005 should Kerry win, compared with $48 a barrel in the event Bush triumphed. It sees $52 on average in the first quarter 2005 under Bush compared with $45 under Kerry.
"PFC said a Bush win could stoke nervousness about U.S. policies in the oil-producing Middle East, while Kerry is seen as more likely to work through diplomatic channels.
"A Kerry victory could also mean more financing for renewable energy sources and trigger a push for tighter mileage standards for gas-guzzling sport utility vehicles. "
