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Posted on 08.29.08 by Steve Trinward
“House Speaker Nancy Pelosi last Tuesday dismissively referred to pro-oil-drilling demonstrators chanting ‘Drill here! Drill now!’ as the ‘2-cents-in-10-years-crowd.’ She may have to revise her insult strategy, since it seems that some mere pro-drilling posturing by President Bush has already helped reduce the price of gas. … Increased worldwide oil demand, a weak dollar and increased oil futures speculation are among the leading factors that have caused crude oil prices to rocket upward since last summer, reaching a peak of about $136 per barrel in mid-July. … Why have the prices of oil and gasoline declined so much since mid-July? It’s hard to know for sure, but let’s consider the factors that caused the price to spike in the first place.” (08/28/08) Link: http://www.foxnews.com/story/0,2933,412549,00.html Filed under: CANDi Commentary and PND Commentary and RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |






