Question
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Jul 17, 2008, 12:19 PM
| | Ultra Member  | | Join Date: Jan 2008 Location: Midwest USA
Posts: 1,856
| | | It has only been three days.
Since President Bush lifted the ban on off shore drilling.
The price of a barrel has fallen by $14.00, in those three days.
You still believe that starting to obtain our own oil will have NO immediate effect on the price?
I say the proof speaks much louder than those who differ on this opinion.
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Answers
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Jul 17, 2008, 12:25 PM
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#2
| | Ultra Member
Join Date: Dec 2007
Posts: 2,736
| Hard to say because Congress is considering (more?) regulation of speculators in the market, and Bush is allowing a state department secretary to discuss nuclear issues with Iran. Maybe other issues as well. Cause and effect is sometimes uncertain. But we know BO didn't do it. |
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Jul 17, 2008, 12:27 PM
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#3
| | Ultra Member
Join Date: Jan 2008 Location: Midwest USA
Posts: 1,856
| Yes, perhaps, but were not those issues present on the horizon prior to the lifting of the ban?
Did any of those issues JUST come to light in the past three days? | |
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Jul 17, 2008, 12:31 PM
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#4
| | Ultra Member
Join Date: Dec 2007
Posts: 2,736
| talks with Iran...yes | |
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Jul 17, 2008, 12:33 PM
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#5
| | Ultra Member
Join Date: Jan 2007 Location: ChicagObamaLand
Posts: 2,095
| You don't know how to think clearly, pro.
Just because two events happen very close to each other in time does *not mean* they have any connection to each other.
An individual has to study and understand, in this case, everything that is going on with Big Oil. | |
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Jul 17, 2008, 12:35 PM
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#6
| | Ultra Member
Join Date: Jan 2008 Location: Midwest USA
Posts: 1,856
| OK.
Lifting of the ban, or the "promise" of plans to have a State Department Secretary talk with Iran.
I'll still lean towards the lifting of the ban as a more likely cause for such a dramatic drop in such a short period of time.
We do agree 100% that Obama had NOTHING to do with it. | |
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Jul 17, 2008, 12:38 PM
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#7
| | Ultra Member
Join Date: Dec 2007
Posts: 2,736
| Quote: | Originally Posted by progunr OK.
...
We do agree 100% that Obama had NOTHING to do with it. |
Obama hasn't had much to do with anything except deep-sixing Hillary. Don't know that that was much of an accomplishment, other than a win is a win, as they say. | |
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Jul 17, 2008, 12:39 PM
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#8
| | Ultra Member
Join Date: Jan 2008 Location: Midwest USA
Posts: 1,856
| Quote: | Originally Posted by Choux You don't know how to think clearly, pro.
Just because two events happen very close to each other in time does *not mean* they have any connection to each other.
An individual has to study and understand, in this case, everything that is going on with Big Oil. |
It is very amusing the way you argue.
Lets try your method.
Because two events happen very close to each other in time does not mean that it is nothing more than a coincidence.
The "possibility" that one event has an effect on the other is a very real one. | |
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Jul 17, 2008, 12:59 PM
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#9
| | Ultra Member
Join Date: Jan 2007 Location: ChicagObamaLand
Posts: 2,095
| Man, you're hopeless in the logical thinking department! | |
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Jul 17, 2008, 02:33 PM
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#10
| | Full Member
Join Date: Jul 2007
Posts: 224
| Anything that scares speculators is going to cause some drop in prices. Most of these people are hair-trigger nervous. I would be too if I had as much riding on it as they do. | |
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