Oil Continues Fall, Down Over $5 So Far Today
- Wednesday, July 16, 2008, 11:53
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Photo courtesy Les Chatfield.
Oil continues to fall, two days after President Bush announced the lift on the offshore drilling ban that had been in place since his father, George Herbert Walker Bush, was in office. Speculation appears to have been driving the oil prices with peak oil remaining a myth in many peoples’ minds. All we need now is for Congress to enact offshore drilling to establish our energy independence. Well, and build a few refineries to process all that oil.
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About the Author
Michael Duvinak has written 1734 stories on this site.
A social and fiscal conservative, I scour the news for information that disputes the current man-made global warming indoctrination that takes place around the world. I take a rather sarcastic approach to reporting on the nonsense being spewed by the talking heads in the media and the governments around the world.
