A Completely Random Thought Which I Will Probably Remove Later ...

... or not...

Anyway, we all know that the Secretary of Energy has stated his goal during his tenure was to raise the price of gasoline in this country to match that of Europe (or so the myth goes).

Today's Federal Reserve action pushed the price of oil higher --> gasoline price to follow --> Secretary of Energy is smiling.

But we're only halfway there; with gasoline about $4/gallon here in the states, we're still well under the $8 overseas (or so I've heard).

But the president has said a number of times, he needs another four years to get the job done, to get the things completed that he started. So it's starting to come together.

Now, the price of gasoline spiking just as we go into the final stretch of the election, when folks are actually starting to pay attention (as evidenced by the fact that the president is scheduled to be on the David Letterman show), the price of gasoline spiking just as we go into the final stretch of the election, as I was saying, Gertrude Stein-style, can't be good for the incumbents. So, tomorrow, just after the news cycle for the week ends, say, about 6:00 p.m. EST, we should be getting word that the president has released oil from the Strategic Petroleum Reserve, also known as the SPR.

I have no inside information and if this actually happens, I won't remove this post. Otherwise, I may in fact put it in "DRAFT" form to be hidden "forever," or at least for a very long time, whichever comes first.

By the way, Spain is a very gentle country. The Spanish government has asked "oil firms" to cap their prices.

Spain's energy minister said he would urge oil companies on Wednesday to cap petrol prices at the pump to help efforts to control inflation in the country. 

Spanish consumer prices rose 2.7 percent in August after 2.2 percent rise in July, due mainly to higher gasoline prices. Consumer prices are likely to rise again in September after a recent 3-percentage-point hike in value-added tax.

Wow, two comments:

• maybe the government should cap taxes for awhile -- a 3 percentage point hike in the VAT? Wow!; and, 
• fortunately the Federal Reserve sees no inflationary pressure in our own United States

What a great country!

Just idle chatter waiting for next event. And, yes, this whole post probably won't stand the test of time.