What stephen moore just said happened when president Bush announced he would lift the presidential ban on drilling. Even before any drilling happened, oil prices dropped immediately.
adding more oil to the supply in several years won't lower the price. saudi arabia is adding 500,000 barrels by the end of this year and the price of oil went up.
good to know that increased supply no longer means lower prices. Thanks Reich, you fraud you.
Honkyrappa 2 years ago
What stephen moore just said happened when president Bush announced he would lift the presidential ban on drilling. Even before any drilling happened, oil prices dropped immediately.
labulldog5 3 years ago
adding more oil to the supply in several years won't lower the price. saudi arabia is adding 500,000 barrels by the end of this year and the price of oil went up.
plpfctn2007 3 years ago