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What's Cooling the Price of Oil? We Are.
Posted on August 06, 2008
Greetings from Washington, D.C., where some policymakers are becoming delusional about energy. Take the recent drop in prices. Some claim that President Bush deserves credit for simply talking. Even more hot air is comes from a small band of Congressmen blathering away in the U.S. Capitol, who claim their talking is affecting the enormous 85-million-barrel-a-day oil market.Get real, folks. The biggest news is that as a supplier of only 2-3% of global oil, Americans are starting to realize this talk about drilling is looking at the problem from the wrong end of the stick. Since we are by ...
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