Wednesday, April 28, 2010

Now that the price per barrel for sweet crude oil has dropped another?

four dollars a barrel (dropping the price $20 in the last week or so) due to a sell off by speculators, and all the headlines in the liberal press and elsewhere attributing the sell off by speculators for the decrease in price, as well as, now, attributing the rise in prices previously to speculators, and given the fact that the democrats to this day refuse to lift the ban on oil companies drilling for oil, are the libs still going to blame Bush for driving up the oil in the first place, or will they acknowledge the truth that Bush had nothing to do with the rise of the price of oil at all and it is really the congressional policies against drilling as well as speculators that drove up the price of oil (as well as obviously the economics of supply and demand? )Now that the price per barrel for sweet crude oil has dropped another?
Well as insane supply side Republican economics catch up to us from the 80`s we now do not make what we consume. Republicans gave away our industrial might starting with Reagan lifting tariffs and now China needs the oil it takes to run our industrial might. Maybe if the oil companies use the wells they already have capped off we would not need to drill. P.S. Clinton signing the Republican NAFTA agreement did not help.
  • colorsilk revlon
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