Poor Dubya is misunderstood. Reliable sources from the Whitehouse said that he has been trying for a while, but his magic wand did not work. Only then did he publicly disclose that the magic wand does not work ;)
The same sources also said that he has not given up. He continues to wave and practice with his magic wand. He has even given up golf and jogging for the magic wand, but the damn gas prices are too stubborn ;)
Bush: Economy won't 'change on a dime'
At one point, the president mimicked his own line from his last press conference, a Rose Garden appearance on April 29: "I think it was in the Rose Garden where I issued this brilliant statement.... 'If I had a magic wand,''' Bush said with an ironic smile. "The president doesn't have a magic wand...
Gee . . guess you missed it . . . Bush removed the ban on offshore drilling last week . . . and the price of oil dropped for 3 straight days. Of course, the Dumbocraps Nancy Pelosi and Reed refused to go along. The looney left thinks 6 or 7 years to get oil online would be too long . . . so they do nothing . . . will that not take longer than 7 years?
ReplyDeleteObamawhama thinks windmills will solve the problem . . . the empty suit speaks!!!
OF course everyone on the left forgets that Bill Clinton vetoed drilling in Alaska 15 years ago . . . sure be nice to have the Billions of barrels in Alaska on line now.
As for the Peak Oil nonsense . . . 1980 known oil reserves in the world - 250 Billion Barrels . . . today . . . known oil reserves on the planet . . . 1.2 TRILLION BARRELS!!! And that could be expanded by 600 Billion when we get drilling in the Arctic, on our coasts and processing the Oil Shale in Colorado.
A decade from now the mainstay of our economy will be PETROLEUM. The only choice we have to make is WHETHER OR NOT WE WANT AN ECONOMY!!!
Oldschool, you missed part of the news. US is negotiating with Iran, which might ease the tensions, and having impact on oil prices.
ReplyDeleteStart of drilling, surely, did not bring down the oil prices. All the economists are saying the same. Let Israel and US make another threat to Iran and see how prices will spiral up again.
Over $120 a barrel and $4.00 a gallon is not cheap by stretch of imagination.
My understanding of the Iran meeting it is only an exploratory meeting of diplomats . . . not negotiations of any kind.
ReplyDeleteWhat do you suppose the Futures Market would do if hundreds of drilling rigs appeared on the coast of California and Florida?
What if work started in Montana to convert coal to liquid fuel?
And Shell and BP started working in the Colorado Oil Shale?
Why the price of oil would start heading below $100 . . . within a decade the US would be self-sufficient.
Coal to Oil could be on line in a few years, drilling might take 4 or 5.
Alternative energies would also take up some of the slack, nuclear, wind and solar as well as ethanol made from bio-waste and sugar cane . . . not food crops.
The amount of wealth-tranfer taking place today 700 Billion a year to despotic regemes must stop . . . the sooner the better.
Only the enviro-whacks and the Dems seem to be standing in the way.
Oldschool, "...700 Billion a year to despotic regemes must stop.." I do not disagree with that.
ReplyDeleteHowever, peace in the world will bring oil prices down too. Moreover, oil companies are being exposed for gouging and that should help too. Less the gouging better the prices.