The Occasional Observer

As L.K. is happy to point out, Bush reversing the Executive Order banning off-shore drilling has led to an immediate reduction in oil prices.

So much for the, "it won't do anything for Americans FOR TEN YEARS" nonsense the Dems have been spouting. The market is--surprise, surprise--forward looking.

Just imagine how far oil might fall if Congress acted to repeal their annual ban on offshore drilling, and companies could start bidding right now.