Wednesday, July 16, 2008

President Bush lifts Executive ban on oil drillling.

On July 14th President Bush lifted the ban on drilling off the our coast by executive order. This of course means nothing unless congress also lifts its ban on drilling, or does it. In the two days since Bush lifted the drilling ban oil prices have dropped $10 a barrel. That's right President Bush said the word drilling and prices dropped $10 in two days. This also led to a 276 point jump in the Dow today. Imagine what would happen if we were to actually start drilling.
We need to produce our own energy in this country. Sending billions of dollars a year to countries that aren't exactly our best friends is not good policy. I would like to see us eventually be off of oil completly, but how long that will take is anyone's guess. If you want to know more about my opinion on this issue read Let's Drill.

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