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Magellan Petroleum Corporation Message Board

  • sentinelious sentinelious Oct 24, 2006 2:03 PM Flag

    Do not say “if only I had this information earlier”

    He says, "I think that the price of oil is being driven down by Bush [and his allies] before the midterm elections. After the Republicans are soundly defeated, the writing will be on the wall and the price will rise back up for around a year then maybe come back down."
    Midterm elections are elections in the United States in which members of Congress and the state governors are elected, but not the President.
    On the first Tuesday after the first Monday in November of every even-numbered year, elections are held for all 435 members of the United States House of Representatives and 33 or 34 of the 100 members of the United States Senate. However, Presidential elections occur only every four years. Those elections for Congress that do not coincide with Presidential races are called midterm elections, because they occur about midway through a Presidential term.

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