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Originally Posted by Charles_Main  They are dropping mainly because people are feeling the crunch all around the world and using less.
So much for supply and Demand not effecting the price as some would have us believe.
I agree completely about announcing the lifting of the Congressional Ban on drilling, The mere act of saying so will lower the price we all pay. |
I disagree. Since when is Congress' "word" good for anything?
When they break ground for new drilling and refinery construction, the market will respond.
But there's still the issue of the Dollar and inflation. Inflation is going to raise the price of oil, just like it raises the price of gold. Deficit budgets, national debt doubling...all those things are killing the Dollar, and oil is not going to respond favorably until the Dollar is treated the way it should be treated.