http://priceofoil.org/2008/07/15/bush-lifts-us-oil-exploration-ban/ Oil Change International campaigns to expose the true costs of oil and facilitate the coming transition towards clean energy. We are dedicated to identifying and overcoming political barriers to that transition. Fri, 09 Jan 2009 04:41:47 +0000 http://wordpress.org/?v=2.5 http://priceofoil.org/2008/07/15/bush-lifts-us-oil-exploration-ban/#comment-550577 Horserustler Tue, 12 Aug 2008 23:53:29 +0000 http://priceofoil.org/?p=3027#comment-550577 Gerry Fitzpatric is a moron. To suggest that our "President" knows economics 101 is an insult to anyone with 2 brain cells to bump together. Not only does he not know economics 101, he doesn't even SUSPECT Economics 101-or any thing else! The reason oil prices are "leveling out" is because Congress finally closed the ENRON "loophole" which has let oil "speculators" drive the price of oil up. Don't EVER give the "President" credit for knowing ANYTHING (unless he actually PROVES he knows it. Remember, when he became "President", gas cost less than a buck where I live-Look at it now. The blame can't be placed exclusively at the feet of OPEC-and credit can't and should'nt be thrown at the "President". Gerry Fitzpatric is a moron. To suggest that our “President” knows economics 101 is an insult to anyone with 2 brain cells to bump together. Not only does he not know economics 101, he doesn’t even SUSPECT Economics 101-or any thing else! The reason oil prices are “leveling out” is because Congress finally closed the ENRON “loophole” which has let oil “speculators” drive the price of oil up. Don’t EVER give the “President” credit for knowing ANYTHING (unless he actually PROVES he knows it. Remember, when he became “President”, gas cost less than a buck where I live-Look at it now. The blame can’t be placed exclusively at the feet of OPEC-and credit can’t and should’nt be thrown at the “President”.

]]> http://priceofoil.org/2008/07/15/bush-lifts-us-oil-exploration-ban/#comment-493444 Gerry Fitzpatrick Wed, 16 Jul 2008 20:49:42 +0000 http://priceofoil.org/?p=3027#comment-493444 More supply = lower prices. What do people and congress not understand? If President Clinton had not vetoed the drilling bill in 1995, we would be self-sufficent now. We need to drill for our own oil, until we develop other forms of energy that are real and that are affordable. More supply = lower prices. What do people and congress not understand? If President Clinton had not vetoed the drilling bill in 1995, we would be self-sufficent now. We need to drill for our own oil, until we develop other forms of energy that are real and that are affordable.

]]> http://priceofoil.org/2008/07/15/bush-lifts-us-oil-exploration-ban/#comment-493365 Gerry Fitzpatrick Wed, 16 Jul 2008 18:43:50 +0000 http://priceofoil.org/?p=3027#comment-493365 It doesn't matter what the oil companies said or didn't say, we need oil now and at affordable prices for the next twenty or so years until other forms of energy become available, and are affordable. President Bush knows the basics of Economics 101, larger the supply (or anticipation of a larger supply), lower the price. Well, the price of oil is beginning to level off, and I'm sure it's due in part to the president's threat to drill here. Now we need to get congress to do its part and do what the majority of people in this country want, that is, drill for more of our own oil, even if it takes us ten years to do it, damn it. Drilling will result in lower gas prices, I guarantee it, as the oil supply slowly begins to increase. Since world markets are very fluid, they will react to any potential change in supply no matter how small and how long it may take to get it up and running. If the world sees us getting serious about oil, the market place will react and prices begin to fall. It doesn’t matter what the oil companies said or didn’t say, we need oil now and at affordable prices for the next twenty or so years until other forms of energy become available, and are affordable. President Bush knows the basics of Economics 101, larger the supply (or anticipation of a larger supply), lower the price. Well, the price of oil is beginning to level off, and I’m sure it’s due in part to the president’s threat to drill here. Now we need to get congress to do its part and do what the majority of people in this country want, that is, drill for more of our own oil, even if it takes us ten years to do it, damn it. Drilling will result in lower gas prices, I guarantee it, as the oil supply slowly begins to increase. Since world markets are very fluid, they will react to any potential change in supply no matter how small and how long it may take to get it up and running. If the world sees us getting serious about oil, the market place will react and prices begin to fall.

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