Oil Price.... Drops?

[quote]The Mage wrote:
orion wrote:
lixy wrote:
… and why we should care about the opinion of the mentally challenged?

Because they are all allowed to vote.

lixy is allowed to vote?[/quote]

Beat me to it.

Gas was $2.33 per gallon when the Democrats took control of the congress.

[quote]Roamer wrote:
Gas was $2.33 per gallon when the Democrats took control of the congress. [/quote]

And started dropping when Bush removed the executive order preventing new off shore drilling…

268-157 - The House vote to release 10% of our reserves. They need 290 to pass it. It’s a shame it was that close. Who are these clowns.

[quote]dhickey wrote:
268-157 - The House vote to release 10% of our reserves. They need 290 to pass it. It’s a shame it was that close. Who are these clowns.[/quote]

Why the fuck release the reserves? Phony influence on the market pricing.

Their called strategic reserves for a reason. Selling off those reserves to manipulate prices is like dipping into your 401K to pay for a vacation.

(Please tell me nobody thinks that’s a good idea.)

They think its ok to release 50 million barrels of oil to reduce prices, but then say tapping the (conservatively) estimated 10 billion + barrels available in ANWAR won’t affect prices.

Oh and prices have dropped from a high of $147 to $122 and change. ~$25 drop. Another $42 and lixy had better get his undies ready.