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.