Posted on 07/15/2008 2:44:18 PM PDT by rob777
Drill, you bastards!!
Well, goes to show that world commodity markets and the stock market react to world events. The markets react to statements by leaders urging new policies, because judgements are made about the effects of new policies. Judgements are made about the chances of these new policies going into effect. All of these things affect the futures markets because they are trying to make an investment for the future, taking into account all the information that they have. And one piece of information is the growing movement to move towards more drilling and more production.
A "what he said" bump!
Coincidence? Yeah sure.
Drilling would again show the world that we are still the America they forgot about.
YES WE CAN!
Oil prices drop by $9 a barrel [or more]
The voters might see that there is more than a coincidence.
Let’s be honest here... it was the Fed Chiefs sober economic outlook for the coming year that caused oil to drop. Market players saw diminished demand ahead.
How to sell drilling to a liberal:
“Drilling for our own oil reduces our national security interests in the Middle East and averts these unnecessary wars.”
“Drilling for our own oil reduces the emmissions of all that fuel burned to bring oil to America from the Middle East.”
“Drilling for our own oil brings in more tax dollars and tax paying citizens to the united states to fund Health Care for every warm body in the 57 states of America.”
Go ahead. Give it a shot. It is logic they relate to.
I told the guys at work, “If Bush came out and said that the domestic oil was already being pumped out and was heading to the refineries, we’d be seeing dollar-a-gallon gas within about five minutes.”
They didn’t believe me.
Looks like I won the bet.
You are right, of course. And the MSM will trumpet this all week long!
http://money.cnn.com/2008/07/15/markets/oil/index.htm?postversion=2008071516
Biggest oil price drop in 17 years
Crude falls $6.45 a barrel - 2nd largest price drop in dollar terms - as Fed chief indicates inflation and high fuel prices will cut into U.S. demand for oil.
NEW YORK (CNNMoney.com) — Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal Reserve Chairman Ben Bernanke.
Gasoline went up another dime/gal here today.
DRILL OFF SHORE....DRILL NOW!!
One thing the democrats won’t tell you is that it will take 20+ years to develop alternatives. We need to do it all and cut the middle east off. From what I have heard is that our oil is easier to refine and less expensive.
I hope Bush calls a prime time talk with the American people...Yeah, I know the networks will boycott it to shut it down.
But some news will get out and the heat will be turned up.
In a way, I hope the Dems hold on to their no drill position. If they do that and the Republicans grow a pair and pound the message from now until the election...hell, there will be a huge rout of Dems being defeated.
If ever the iron was hot to get the drill ban lifted, it is NOW!!!
Get rid of the obstructionist DemocRATS and oil is back to
$60-70 per barrel.
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