hk wrote:
wrote:
On Sun, 24 Aug 2008 07:34:10 -0400, Keith nuttle wrote:


While the experts keeps saying that there will be on effect the price of
oil by releasing the Alaskan and off shore drilling. The price of a
barrel of oil has dropped from over 140 to 110. The price started the
day after President Bush removed the presidential ban on off shore
drilling. More apparent oil, the price of the that apparent oil drops.
What would happen if congress removed their ban?

Was it the ban, or Bernanke's comments?

http://money.cnn.com/2008/07/15/markets/oil/index.htm

It was Americans cutting back on their use of gasoline, a trend that
should be promoted.

You do understand that the ONLY reason American's cut back on their use
of gas was due to the increase in cost of gas. Since you blame all of
that on GWB, I guess you feel his energy policy is a success.