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Oil Drops To Eighty Dollars – Naturally?

Eighty dollars? That’s what oil has dropped to tonight, after its $140 plus dollar has brought havoc to our lives, leading to five dollar gallons of milk for our kids?

Now, all of a sudden, just a few weeks after the offshore oil drilling legislation has been passed in Congress, the price of oil is cut in half? It’s going to be years before the tiny amount of oil that can come out of any eventual additional drilling can begin even to trickle into the market.

There has been no significant change in oil production, so don’t tell me this drop is just due to market forces. If demand is down, it’s because the cost of oil has stripped our bank accounts clean, because the cost was at unnaturally high levels.

Are we really supposed to believe that there was no market manipulation to drive the price of crude oil so high? Bullshit. Bullshit. BULLSHIT!

I’d really love to hear Sarah Palin, the self-described expert on energy policy, explain this one.

3 comments to Oil Drops To Eighty Dollars – Naturally?

  • HareTrinity

    Your oil prices dropped even more? Seriously?

    Wow. Says weird things about the economy.

  • Elle

    Part of the precipitous rise of oil prices was due to something that had little to do with supply and demand market forces.It was commodities traders and speculators who jumped into the oil market looking to make a killing on market futures. It was good ole free market capitalisnm at it’s finest, kind of like with the banking mortgage mess.

    People trading bits of paper looking to make the quick buck without the effort of creating actual goods or services.

    Kind of like the government printing up money that it doesn’t have the gold or silver to back it up with.

    Ain’t unfettered capitalism great!

  • Darebrit

    Oil prices down, peace is just around the corner, promises of future govt aid, the election only 5 weeks away, Big Brother McCain promising plenty!!!

    Can you say ORWELLIAN?

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