Cause and effect, Part Deux
But…but…but…HOW CAN THIS BE?
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.
Now isn’t this interesting?
To say the least.
Democrats keep saying that it will take 10 years or longer to produce oil from the offshore areas. And they say that oil prices won’t decline for at least that long. And they, along with Obama and McCain, bash so-called oil speculators. And today we had a real-world example as to why they are wrong. All of them. Reid, Pelosi, Obama, McCain — all of them.
Traders took a look at a feisty and aggressive George Bush and started selling the market well before a single new drop of oil has been lifted. What does this tell us?
Nothing the never-drill Envirocrats will ever learn, or admit the truth of.
Why, it’s baffling.
- Entries
No. No, it's not baffling at all. The demoncraps want the collapse of America, and will do anything they can to cause it. I realize you had the *sarc italics* on your baffling, but I'm sickened to my core by these PsOS.