Supply, demand, Pres Bush lifts the ban on July 14, 2008. Oil has dropped $21 a barrel since then. Who is going to step forward and alert the public, the supply is going up, the price is coming down -- Miracle.
Oil is now $126.25 a barrel.
The record, reached July 11, was $147.27 a barrel.
Has anyone seen the headline, "oil prices drop $21 a barrel in two weeks"?
Who is playing who? Your turn Congress you get until September 30, 2008 when the current ban expires ... We're waiting for you.
UPDATE: McCain, taking Rush Limbaugh's advice, has decided to visit an offshore oil rig tomorrow and talk up offshore drilling. No word on ANWR.
The WSJ adds this to the stage Democrats and Energy: Reality Bites
Ho, ho. But oil prices have fallen since President Bush announced his support for more drilling. And polls these days are shifting overwhelmingly in favor of it. More than two-thirds of Americans support expanding drilling along the coasts, and 59% approve of drilling in the Artic National Wildlife Refuge, according to a Reuters-Zogby poll. The worst news for Democrats is that support for drilling is now a majority opinion even in their own constituency.
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