Some of the reponses on this thread are spot on and others are just laughable and sad. If you follow the history of oil prices it constantly rises and fall, sometimes in a dramatic way. In the mid 80’s it peaked just over 75 dollars a barrel’s in the late 90’s it went below 10 dollars a barrel. In July of 08 it peaked at 145.29 then fell to 36.51 in January of 09. It peaked again in April 2011 to 113.93 and was riding at 98.68 on February 10th 2012. Between 08 and 09 it fell over 100 dollars a barrel. Now does anybody care to take a guess at what happen in 08 that made the price drop so fast? Newt could do the very same thing.
Yep, I heard Newt cite the late 2008 huge drop in oil and gas prices as ‘proof’ it could be done.
He is right. All we have to do is bring down the world economy with a run on the banks after running up trillions in bad debt, and we can blame Barney Frank. You would be surprised how much energy people save when they are unemployed.
Newt is a great ‘out of the box’ thinker, not like those establishment guys. He reminds me of Trump in this way, another great idea guy.