To: Jeff Head; ding_dong_daddy_from_dumas; DoughtyOne; calcowgirl; Gilbo_3; Impy; Pan_Yans Wife; ...
RE :”
Then President Bush (who unlike the current occupant of the White House actually understood oil and gas very well) simply stated that the US would immediately open up its drilling off shore, working the shales and the sands, working the ANWR and in the Dakotas.
.........
But guess what? It did not take years for the price to be impacted. No sir. Within months.
.........
The Saudis and OPEC met and immediately reacted by cutting their prices. ........So they lowered their prices...dramatically.
WITHIN SIX MONTHS THE PRICE OF GAS WAS WELL BELOW $2.00 A GALLON! ...and going down. That was four years ago, in 2008. Gas prices dropped that low in late 2008 when the entire stock market crashed, and world demand for oil dropped dramicatically. Trying to repeat GWB’s success in that might cause some other problems.
President Bushs Speech to the Nation on the Economic Crisis (TARP Speech) September 24, 2008
Going after Obama for his anti-domestic energy policies is critical but the story above might need some fine tuning to be believed.
10 posted on
03/15/2012 8:15:24 AM PDT by
sickoflibs
(Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
To: sickoflibs
The prices were on the way down before the crash...and the crash was principally a financial crisis brought on by the Housing crash which, IMHO, was engineered by the democrats themselves.
Obama tied to the Economic Crisishttp://www.jeffhead.com/http://www.jeffhead.com//obama/communityorgan.htm
Watch the video linked there, “Burning down the House,”...it explains the crash very well.
16 posted on
03/15/2012 8:29:09 AM PDT by
Jeff Head
(Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
To: sickoflibs
43 posted on
03/15/2012 10:24:41 AM PDT by
stephenjohnbanker
(God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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