2012 U.S. Presidential Election

[Roy Karrde]

Here's another thing to consider. I don't think that gas prices will skyrocket just yet.

As I'm writing this, on February 23rd at 8:50 PM, it is 42 degrees outside. At noon today, it was about fifty.

We've had an unusually warm winter, and that means costs for heating has been low, and that means demand for oil heat has been low.

This warm winter has cut demand for oil back, and as a result, the price might not go up as much as people may think. IMOHO, the crisis in Iran is simply causing the oil dealers to be nervous, but in a few weeks, the nerves will wear off, and gas will be back to where it was before.

Especially once Iran caves to international pressure, which they likely will pretty soon. They talk tough about their nuclear energy plan, but they can't eat uranium.

You do realize February does not tend to be a high mark on gas prices, that goes for the summer, right before the election. That is when they switch over to a different fuel formula.

Furthermore if Iran was going to cave to international pressure then they would have shown some willingness to show the UN it's secret facilities last week.

Edit: Good point Roy, the only problem is, Romney isn't half the man Reagan was.

Doesn't need to be, you just need a Carter as a villain.