All Posts Tagged With: "Drill Baby Drill"

Offshore Drilling Ban – Almost Expired

The ban on offshore drilling expires tonight at midnight Eastern Time.  At this writing, that’s just five hours away.  

Congress was incredibly preoccupied during the weeks following its lengthy vacation, and could not (supposedly) get the work done to extend the moratorium on drilling for this oil.  Such a ban would normally have been included in the $600 billion stopgap funding bill passed last week, but would have likely led to a fight that would have shut down the government.  Instead of chasing that fight, they’ve left it up to the next Congress to address this issueKeep that in mind on election day.

Tomorrow (October 1) is known by many now as Energy Freedom Day.  This might be temporary, but we’ll take …


Congress Is Finally Back, Price Of Oil Drops Again

Crude oil dropped to $105/bbl Monday, down $1.26.  After hours the price continued to fall, as of midnight it was hanging around $102/bbl.

Since hitting it’s high at 147.27 on July 11 (that’s still less than 2 months ago), the price has fallen almost 30%.  According to most Democrats, this would only be possible if actual cheaper domestically drilled oil were available to put into the system immediately, not some years into the future.  Strange as it may seem, it looks like other factors, such as the continued growth in the public pressure on Congress to act and open up domestic drilling, may also influence prices.

Of course, you aren’t required to be an economist to be a member of Congress.  The problem appears …


Drill, Baby, Drill!

During Rudy Giuliani’s speech at the Republican National Convention tonight, the crowd got so stirred up on the oil drilling issue, they interrupted his speech for a couple of minutes while they chanted (I believe):

“Drill, Baby, Drill!”

It was another inspiring moment produced spontaneously by a group who clearly believe we should use and manage the resources that we own to take care of our country, instead of allowing other foreign interests squeeze us and manipulate us as they control the flow of energy that we need.

Drill, Baby, Drill!!!…


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