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Offshore Drilling Ban – Almost Expired

Offshore Drilling Ban – Almost Expired

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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...

Congress Is Finally Back, Price Of Oil Drops Again

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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%. ...

Drill, Baby, Drill!

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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...
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