Oil dropped below $100 today. Hitting $99.99 in New York. It’s only a penny, but its the best looking penny I’ve seen in quite a while. With OPEC cutting production and a hurricane in the gulf, why is oil still dropping?

Certainly part of it is a decline in demand. Certainly part of it is a decline in speculators. But there is little question that part of it is also because the world understands the American people are ready to drill as well as look for other alternatives. With the real threat of increased supply and decreased demand, prices have no choice to fall. Why buy any more today than you absolutely have to if there is a good possibility it will be cheaper tomorrow?

There also is a little cynicism and maybe some fear in the market. I can’t prove it, but logic dictates its true. If prices drop, the drumbeat for domestic drilling might likely fade, and the Democrats might keep American production at bay. If that happens, the world suppliers don’t have to worry about added competition. It is in their best interest to discourage competition. So better to manipulate the market now and let prices fall in the short term so they won’t have long term low prices if additional American production hits the market.

As American citizens, the best thing we can do is keep the pressure on. Don’t look at the dropping oil price as a sign we’ve won… look at it as a sign that we are winning. There is a big difference between the two. We haven’t won until the game is over, the last thing we want to do is give up a lead going into the fourth quarter.

There is no better time than now to convince Congress, the two Presidential nominees and the American public that its time to open up domestic drilling. Create jobs, buffer national security, and move along the path to energy independence. We must keep up the fight.

Please keep the pressure on.  Victory is in sight.

Drill Here.  Drill Now.  Drill for tomorrow.