McCain credits Bush for drop in oil price

[daihashi]

I'm all for curbing rising oil costs in the meantime. Doing so would definitely help. But I am not for offshore oil drilling or drilling in ANWAR. I don't believe that would affect oil prices significantly. I think it is a ploy to use the high price of oil to secure leases for the oil industry that would otherwise be out of reach --- it's not about saving you and me gas prices --- it's about securing currently off-limits resources for the oil industry.

We'll see. I'm fairly sure that drilling will get approved and if prices go down then we'll know drilling is responsible, if it continues to rise then we'll know it didn't help. If drilling doesn't get approved then we'll never know the answer.

Only time will tell now. :thumbsup:

daihashi Reviewed by daihashi on 07-25-2008. McCain credits Bush for drop in oil price Republican John McCain on Wednesday credited the recent $10-a-barrel drop in the price of oil to President Bush's lifting of a presidential ban on offshore drilling, an action he has been advocating in his presidential campaign. The cost of oil and gasoline is "on everybody's mind in this room," McCain told a town-hall meeting. He criticized Democratic rival Barack Obama for opposing drilling on the Outer Continental Shelf. Bush recently lifted the executive order banning offshore Rating: 5