Why did oil drop $9 a barrel after Bush lift the presidential ban on off shore drilling?

yes,, coz fascists like u pretend religious and drink blood oil and any jerk stuff in the world,, so drill deeper to drink insatiably


drop $ to tentalaze fatuous brokers


to outsell them in the comming stepsWhy did oil drop $9 a barrel after Bush lift the presidential ban on off shore drilling?
It dropped because oil speculators saw that the economy is tanking. They see that their investments are not going to give much of a return when people decide to cut back on expenses and driving. They also see that the future looks better for USA oil drilling, putting a damper on oil futures. And oil speculators see that congress and the senate are going to get a backlash from angry voters. That spells trouble for the oil lobby. Too many new faces possibly after the november elections. Old connections being voted out by angry voters and a new voice on the hill. A voice not so friendly to big oil.


Oil speculators make their bids off of OPEC oil. The USA is not a member of the OPEC nations.Why did oil drop $9 a barrel after Bush lift the presidential ban on off shore drilling?
Because, as usual, The democrats were wrong.





The conservatives and economists all new that the mere threat of oil exploration in our country would have an immediate effect on the oil market...





But for it to continue, we must show that we are willing to continue
He did? When? And where did he get the authority without the approval of congress?





It appears the markets are starting to become concerned the high cost of fuel, is starting to fuel the downfall of everything else. It seems the greedy are starting to pull money out of oil and put it into gold before the dominoes start tumbling.





http://news.yahoo.com/s/ap/20080715/ap_o鈥?/a>
Because the mere idea that the US is even ready to go get our oil will bring the price down drastically on the world markets.
It had no effect because what Bush did was largely ceremonial unless Congress lifts their ban.
The oil companies perceived it as a partial extortion payment.
Imagine how much more it will drop when we lift ANWR restrictions.
Maybe he made a quick phone call to his Arab pals and asked a favour?????
Bush is the man!!!!

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