Wednesday, July 16, 2008

See?! Here's How To Bring Down Gas Prices!

Check out this news story...

Oil prices tumbled Wednesday, extending a steep and unusually volatile slide into a second day, after the government reported a surprising spike in U.S. crude and gasoline supplies.

Light, sweet crude for August delivery dropped $4.50 to $134.24 a barrel in morning trading on the New York Mercantile Exchange. Prices fell $6.44 Tuesday in the biggest one-day drop in dollar terms since the Gulf War.

The two-day slide marks a dramatic turnaround in crude prices, which as recently as Friday traded at record highs above $147 a barrel.

How about that?  Someone needs to tell Nancy Pelosi, Barack Obama, and the rest of the Democrats who haven't yet figured out that drilling is precisely the way out of this crisis.  Drill Here, Drill Now, Pay Less.

Also, isn't it interesting how the MSM has been bellyaching about how painful the high gas prices are for weeks, yet a major drop -- the biggest such drop in 15 years -- warrants not a peep...


There's my two cents.

No comments: