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To: luv2ndamend
Let me see...Gas was approaching $5.00 a gallon then President Bush removed the restrictions then gas went to $1.59.

I guess this action will keep that low rate locked in until..... 1:30 this afternoon if we're lucky.

15 posted on 02/05/2009 9:17:07 AM PST by pfflier
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To: pfflier
"Let me see...Gas was approaching $5.00 a gallon then President Bush removed the restrictions then gas went to $1.59.
I guess this action will keep that low rate locked in until..... 1:30 this afternoon if we're lucky.

That's not what made gas prices fall. Demand has fallen drastically due to economic slowdown world wide. No amount of promised drilling would affect gas prices because first, any oil is at least ten years from reaching the market, secondly, the oil would just be added to opec production levels and other opec members would just reduce the amount of oil they pump to maintain those levels.

Know how the market works, and you'll avoid making silly statements. The only thing we loose out on is the royalties we would have gotten from the oil the companies pumping oil out of American reserves.

52 posted on 02/05/2009 10:21:49 AM PST by Nathan Zachary
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