Oil and gas prices shot up this year, peaking in mid-July, at which point they started to drop, and kept dropping right up to the upload date of this video.
One thing happened. The result was immediate.
Senator Obama was against this step, and his perspective on the issue was against information that has been known to economists for decades. Decades.
The Democrats had the wrong idea. Contrary to popular belief, some thngs are true, even if the Bush administration believes them.
Please bear with the text - it makes the case. The following documents are referenced and shown, but perhaps not as legibly as I hope they'll be, so here is where you can find them online:
The Wall Street Journal piece
http://online.wsj.com/public/article_print/SB121486800837317581.html
The effect of opening up ANWR to drilling on the current price of oil
http://mpra.ub.uni-muenchen.de/9543/
Rejection letter
http://www.scribd.com/doc/4107301/Energy-Journal-Rejection-Letter
Barrel prices dropped starting July 15th. Gas prices followed a couple of weeks later. The financial crises hit in early September.
Financial crises do not usually lower prices (on anything)
Things don't stop being true after Fox news reports them.
Loboluck 3 years ago
You are too foxused on oil. All prices droped during the financial crises.
raphi72 3 years ago