Thursday, July 24, 2008

"It is my contention that drilling offshore will not reduce the price of oil." Part 2

Remember this post where I quoted those "smart" Iowa Liberal guys? Mike had a cow complaining that rescinding the executive ban on offshore drilling couldn't possibly affect current prices because that oil isn't being traded! I was even a gentleman and let him have the last comment, but that wasn't enough.

Well, guess what? Prices are still falling. But I'm sure it's just a coincidence. ;)

Still there are people who don't use cars who think we should keep prices artificially high if it can't happen naturally.