Drill, drill drill!
In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated
his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere.
Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to
$136.
Funny how these things work. It should be interesting to watch how this plays out.
**Edit - forgot my s in drops.***
[edit on 16-7-2008 by BRQuick]
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