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tripleblack · 08-24-2008

I predicted it, on another car site, but I was about 4 months off. Hey, rather late than never.

If Congress gets off the pot, the price will keep going down, further and faster.

All we have to do to see $80 oil again is THREATEN to drill - to tap our own reserves (which are huge, imo). This assumes Russia pulls back from Georgia and we DON'T have to take out Iran's nukes, of course. Unfortunately, politics (not supply and demand) are now in near-total control of world oil markets (usually, market forces INFLUENCE oil prices, despite OPEC).

Pelossi is stonewalling this, and now the Democrats (including Obama) are getting cute with it, putting sweet-sounding language in their platform that gives lip service to the idea of drilling. Best to remember their early laughter and mockery of the idea, though, and BELIEVE those first responses. Pelossi outright called the idea of drilling for more oil a "fraud".

08-24-2008	#29 (permalink)
tripleblack Moderator Join Date: May 2008 Posts: 31	Prediction I predicted it, on another car site, but I was about 4 months off. Hey, rather late than never. If Congress gets off the pot, the price will keep going down, further and faster. All we have to do to see $80 oil again is THREATEN to drill - to tap our own reserves (which are huge, imo). This assumes Russia pulls back from Georgia and we DON'T have to take out Iran's nukes, of course. Unfortunately, politics (not supply and demand) are now in near-total control of world oil markets (usually, market forces INFLUENCE oil prices, despite OPEC). Pelossi is stonewalling this, and now the Democrats (including Obama) are getting cute with it, putting sweet-sounding language in their platform that gives lip service to the idea of drilling. Best to remember their early laughter and mockery of the idea, though, and BELIEVE those first responses. Pelossi outright called the idea of drilling for more oil a "fraud".