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Originally Posted by Navy Pride  I think it would..............Just the president announcing lifting the moratorium on drilling off shore has caused oil prices to drop $15. in the last 2 days.........The biggest cuts in a couple of months.........Oil speculators are biting the dust............. |
You figure the oil markets took the fact that Bush made this announcement, considered the fact that the Congress might go along, that drilling might start sometime in the next few years, oil might be found and might produce maybe 1% of the world's oil supply in about 10 years, and decided they better drop prices right quick, eh?
Could be.