Open access to drilling and watch price of oil drop

The chart shows the price drop of oil just on the announcement that Bush was opening the outer continental shelf to exploration.  Obama has closed them both and refuses to open up ANWR and other areas of the Western US.  The chart comes from the American Petroleum Institute.

I recall seeing a $10 drop in the price when Chevron made a big discovery in the deep water Gulf of Mexico. If you want to lower the price, increase the access to supply.


Popular posts from this blog

US, Britain and Israel help Iranian nuclear scientist escape

Iran loses another of its allies in Iraq

The Democrat screw up on the 80% rule for insurers