just saw this am that oil in asia is down......there are a variety or reasons why oil is down--altho the funniest 'theory' is the upcoming election. if only the u.s. elections had that much influence on a world market.

demand is down, no storms, futures are trading lower due to a possible increase in the future in u.s. oil production...and of course isreal and lebanon are not killing each other at the moment. and then there's iran, they haven't yet thrown in the towel on working out some sort of agreement regarding their nuclear program.

but of course instead of thinking about why they're down, the easy thing is to point at the white house.
also, naive on their part to complain about the media not talking about oil being down, gas being down--why that would be considered good news, and no one pays money to read good news.