I don't think they are smart acting this way. Short term smart? Yes, because they collect huge cash. Long term intelligent? No, because people are angry and will do everything (reduce consumption, alternative energy) to get rid of oil, and then one phrase to be said to the OPEC "keep your oil, we got enough with you".
Hey, have Ya'all forgot that we have an election coming up in November? Here is a little self-help quiz for Ya'll. Answers below, do not Peek! (choose the best answer) 1. What do gas prices do in the late summer before an election when there is a Saudi and Wall Street buddy in the White House and his clone is running for Pres. and the devil is running against the clone? (a) go up (b) sink like a rock (c) none of the above 2. When did Goldman Sachs CEO Hank Paulson become Treasury Secretary? a) Not long before the Fall 2004 Election. b) On Mother's day 2008. c) none of the above. 3. What did Goldman Sachs do in 2004 to bring the price of gas down just prior to the November election when our favorite president George W. Bush was running against that lying, cheating, take-from-the-rich-give-to-the-poor, LIBERAL, turncoat, commie, socialist, anti-semite, just-a-minor-scratch-in-the-war John Kerry? (a) change the weighting of gasoline in the Goldman Sachs Commodity Index. (b) Sponsor a Prayer Breakfast for the welfare mothers of Scarsdale. (c) none of the above. 4. What did gasoline prices do after the 2004 election? a) Sink lower than Hulk Hogan's checking account balance will soon be? b) Go back up to where they were before they started sinking like a rock prior the election? c) none of the above. If you answered (b) (a) (a) (b), give yourself a perfect score.