Bush says drill and oil drops $9 a barrel, page 1
Pages:
ATS Members have flagged this thread 0 times
Topic started on 16-7-2008 @ 02:52 AM by BRQuick
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]
Pages:     ^^TOP^^



The Peak Oil Lie: Oil is NOT going to run out
  Posted 6 days ago with 9 member flags
Oil\'s tipping point has passed
  Posted 9 days ago with 3 member flags
Why The US Will Never Be \'Energy Independent\'
  Posted 15 days ago with 2 member flags
Worldometers: Oil officially ends November 9 2053 ( 9/11 )
  Posted 14 days ago with 2 member flags