lupi
Lifer
- Apr 8, 2001
- 32,539
- 260
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Originally posted by: Robor
Originally posted by: lupi
Oil has dropped $20 something since the executive ban on offshore drilling lifted.
Sounds like those saying no drilling are at fault.
Just imagone how much lower it could go if congress also repeals the ban and starts leasing new lands. And the moeny from those leases could, shocking here, go to funding new energy R&D.
Lifting the ban was political showboating and you know it. When would that oil and money you speak of begin to flow? 5 years? 7 years? 10 years? I'm not saying we shouldn't explore all options but (some) people act like lifting the ban today will get the oil to the pumps tomorrow.
As far as the oil price drop, you know, I pressure washed my condo right before the prices started to fall and that's not something I do very often. Coincidence? I think not! :laugh:
And a large portion of the recent price increase were due to showboating. I'd at least rather have someone also showboating on my side rather than sit on his hands.
