Friday, March 12th, 2010

Was it President Bush lifting the executive order prohibiting offshore drilling? Was it the high price of gas that forced many Americans to take ’staycations’ and drive up the gasoline inventories? Was it the GOP revolt to take over the House floor to debate oil drilling while Speaker Pelosi is on the book signing circuit?

President Bush withdrew the offshore drilling ban. The crude market reacted by dropping nearly 20% before any appreciable uptick.
Does that mean that even one more drill site is struck and pumping? Absolutely not, but as I have stated in this blog before, perception is reality.
Now, I have a suggestion…

I went to a Catholic Parochial school. Being the naughty little hooligans we were, someone was always getting in some sort of trouble. There was this kid Timmy and he was more mischievous than he was pure evil.
After he was caught passing notes, teasing some girl, or doing something unmentionable with paste, the nuns would [...]

Earlier today, President Bush upped the ante to combat rising gasoline prices. He challenged Congress to follow suit.

First, it was Concord.
Then, it was Bobby Thompson.
Today, it is President George W. Bush.
At around 1pm today, President Bush is set to announce that he is lifting the Executive Order, issued by his father, George H. W. Bush, to prohibit offshore drilling for oil and gas.
The Armchair Energist supports this move and will watch closely [...]