Crude price at lowest level since June 5
Via Marketwatch:
Crude-oil futures fell for a third straight day on Thursday, ending below $130 a barrel for the first time since June 5…
Certainly the economy has something to do with this, as does the dollar which is showing some signs of strengthening. But I also believe the millions of Americans who are putting pressure on the government to Drill Here, Drill Now has something to do with it. If the world starts to believe that America will start relying a little more on itself for its energy needs, they will begin to realize the market for their oil will stall or shrink (as it has been recently).
Even if gas prices start to fall back a bit, this is not the time to lower our voices or stop the push for domestic oil drilling. This is the very time we need to start becoming more vocal and increase pressure on Washington to actually do something. Nancy Pelosi may not want domestic drilling or offshore production… but she works for us… keep the pressure on and she won’t have a choice.



[...] caused the drop in crude futures and thus the price of gas at the pump? Certainly President Bush’s repeal of an executive [...]