07-18-2008, 06:00 PM
Three things will bring down the price of crude oil on the market today. 1: Conservation. To a point this will work, no demand no increase. I drive the same distance to work every day and can't change that. No conservation to be had. 2: Release of 2/3 of the strategic reserve to the market and cause a glut that can't be beat, and oil prices will tumble. No demand. 3: Open up offshore drilling. Nancy Pelosi calls this a hoax. She also believes in global warming. Can't have the Dems in control do anything to make the republicans look good in an election year. W wants to open offshore, the price of oil fell $10/bbl. Just stating that made the price come down. Do it and it will be back to $80/bbl in a blink. I have more but carpal tunnel kills me.
Tim
Tim