And the truth shall out
Offshore Drilling Ban, Price of Oil, Energy Independence
By Guest Column Bob DeMotte—— Bio and Archives--April 8, 2009
Global Warming-Energy-Environment | Comments | Back To Full Article
All those elite pundits who vociferously proclaimed that the price of oil had nothing to do with wheeler-dealers in the commodities market were proven wrong last year when Bush signed an executive order overturning the ban on offshore drilling. Within 3 days, the price of a barrel of oil dropped by $15. So much for the theory of supply and demand, huh?
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