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we can not drill out way into energy dependence. until you accept this fact there is not debating you.It is a world market. Demand is up worldwide. The reason prices are rising is due to speculation.
Less US demand means that US refiners can (and they have) started exporting gasoline in large numbers.
Oil prices fell from $147 to $35 on the day Bush opened up the OCS for drilling.
Offshore Areas Open for Drilling when President Obama Took Office
Offshore Areas Blocked for Drilling under President Obama’s Draft 2012-2017 Plan
President Bush had a big surprise waiting for crude oil speculators on Monday July 14th 2008. Bush lifted the Executive Order banning drilling in the OCS & on that day crude oil fell & kept falling. Oil prices slid $112 from $147 to $35 & remained at those mid $30 lows until Obama took office.
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