Not to mention they neglet the effect allowing the drilling bans to expire had. The prospect of having more oil to work with certainly didn't hurt the ability of companies to lower prices. And yes, folks, the prospect of having more oil even when its years away from actually being physically grasped does affect oil prices that quickly in the present, as history both past and recent can attest and as any economist can tell you.

But remember, if Obama reinstates the ban, they can just as quickly go up again...just a caveat.

A common malady among liberals 

If conservatives are RIGHT, then liberals must be WRONG.

Hey Ed!  You are so much smarter than the rest of us, so perhaps you know THIS!!!:

Res tantum valorem quantum vendi potest.  

Don't bubbles and castles in the air (h/t to Burton Malkiel) suck? 

"THIS IS YOUR FINAL WARNING!!!  A WAR ON FREEWILL IS COMING!!!" - Nevermore, "Bittersweet Feast", from This Godless Endeavor (2005)

And there we thought Bush was a crippled (not lame) duck!

Good to know he and his oil buddies still have so much power!! 

Obama had better be careful; they just might screw with the prices even after he's in, just to make him look bad!

If the GOP had any power over oil prices, they would have manipulated the price during the summer when people were most angry about the rates at the pump. If we were paying under $2.00 per gallon between July-November 4, McCain probably would have won the election.

Gosh the left have short memories...the prices started dropping after President lifted the ban on off-shore drilling by EO...

The dems will reinstate it as soon as they can and then some.

We are forked no matter what happens, wished I would of seen this before I posted on a greenie thread a few minutes ago.

It is going to be at our own peril if we do not start drilling...soon.

Here is a link to something that just happened with a super-tanker getting hi-jacked by Somali pirates...I know it doesn't immediately hurt us, but if we do not become self-dependent we are going to be hurting in more ways than one, yet we have these leftist greenies once again screaming about this lease in Utah...law-suits time again...they never quit with the agenda...

People like Shultz really never see the forest for the trees.

"America isn't the problem...America is the solution." ~ Rush Limbaugh

Let's take a longer look here - 'Everybody be doing the dance':

CNN's [CNN Live Today] interview with Saudi Prince Bandar bin Sultan on April 20, 2004

..First though, the continued fallout of "Plan of Attack," that is the newly published book by Bob Woodward. He appeared on CNN's Larry King to soften the charge that Saudi Arabia planned to manipulate oil prices to benefit President Bush's re-election campaign. The scenario involved a longtime friend of the Bush family, Saudi Ambassador to the U.S. Prince Bandar bin Sultan.

(BEGIN VIDEO CLIP)

BOB WOODWARD, AUTHOR, "PLAN OF ATTACK": What I say in the book is according to Bandar, the Saudis hoped to control oil prices in the 10 months running up to the election, because if they skyrocketed, it would hurt the American economy.

(END VIDEO CLIP)

KAGAN: The Saudi prince also called into the program to say that Woodward's portrayal was accurate but the mutual interest is not unusual.

(BEGIN VIDEO CLIP)

PRINCE BANDAR BIN SULTAN, SAUDI AMBASSADOR TO THE U.S.: We hoped that oil prices would stay low because that's good for America's economy. But more important, it's good for our economy and international economy. And this is not -- nothing unusual. President Clinton asked us to keep the prices down in the year 2000. In fact, I can go back to 1979, President Carter asked us to keep the prices down to avoid the malaise. So yes, in our interest and the America's interest to keep the prices down.

But for the record - how did the supposed Bush 2004 effort go - oh, contrary to Woodward's claim (U.S. Regular Conventional Retail Gasoline Prices)?

Aug 09, 2004 183.9
Aug 16, 2004 184.2
Aug 23, 2004 185.4
Aug 30, 2004 182.7
Sep 06, 2004 181.5
Sep 13, 2004 181.3
Sep 20, 2004 183.9
Sep 27, 2004 189.5
Oct 04, 2004 190.2
Oct 11, 2004 194.9
Oct 18, 2004 198.4
Oct 25, 2004 198
Nov 01, 2004 198.6
Nov 08, 2004 195.1
Nov 15, 2004 191.8

One could say, "oops."

Wasn't Schultz one of the nutballs who said Conservative operatives beat down Randi Rhodes in an attempt to silence the left?  Just invite Schultz to the same bar that Rhodes went to and problem solved.

You can't get any more conservative than in Alberta where we supply a lot of oil to a lot of people.  Trust me when I say that there isn't any right wing conspiracy involved.

 We would actually benefit from an INCREASE in the price per barrel, not the other way around!

Here's a prime example of why the left wants the Fairness Doctrine so badly. With idiots like Schultz is it any wonder they can't compete?

American Communist Education - Special Edition

 Making Fun of AGW http://giovanniworld.wordpress.com/  

Schultz said recently that his two grown sons make less than $250k/yr in their construction business, and he considers them "successful." That's pitiful, dad! By the time they pay taxes and reinvest in the company, they might take home $20k each. They need to get a real job and so do you.

Ed, you are both pitiful and short a brain cell or two.

Pre-arranged to benefit Obama?????  'By the Republicans', of course.

Yeah, that's totally believable.  The GOP conspired to drive prices up to kill off the consumer economy so that everybody would be in a pissy mood and drive down Bushs approval to 23% so that the country would want to kick out the GOP and put in socialists like Pelosi, Reid and Obama.   

And as soon as there is a total takeover of our government by socialists the price of gas is going to be lower so that people will no longer be upset and they will go back to loving their government and The Messiah will get credit for it merely by having arrived in D.C.

Man, I can't wait for the movie version.  I thinking 'An Idiot Goes To Washington' would be a good title.

After looking at that picture, it seems to me that Dr. Victor Frankenstein discovered the secret of how to animate turds as well as dead bodies.  Sorry, that was nasty.

I agree that there are holes in Schultz's theory, but Coleman shouldn't be too smug about being at "the rational end of the spectrum." His own piece is followed by one that disparages a television program for publicizing mainstream scientific conclusions about climate change. And his fellow NewsBusters columnists regularly seek to portray a woefully inadequate Alaska politician as a viable presidential candidate.

I'm not sure what is more frightening. The conspiracy theory or the fact this guy has "listeners" who probably believe every piece of dribble that slurs from his mouth.

Never under estimate the power of stupid people in large groups.

You need to brush up on the facts. Check out the primary sources.

Here we have a case of another liberal talk show host trying to make a name for himself by out-Olbermanning Olbermann.

Lately, they seem to be crawling out of their spider-holes hoping to get noticed by one of the alphabet networks so they too can make a fortune being obnoxious.

in this election seemed to benefit the o man. I submit that there was a left wing conspiracy to get him elected by all means fair or foul. Many blame speculation for the rapid and extraordinary rise in oil prices but speculation can't stand on its own for long and the high futures prices have to have a basis in reality. Oil prices never brought out the supply to ultimately lower prices until the prospect of drilling in the ANWR. Lower prices hurt McC because there was a grass roots rallying cry for lower gas prices and that movement was a conservative one which was rendered stillborn by the subsequent  drop in gas prices . Many oil countries and entities have much to gain (they believe) by the election of the o man. (Yes my tinfoil hat is right next to me on the table)

"...no civilization, no matter how rich, no matter how refined, can long survive once it loses the power to meet force with equal or superior force." - Bernard Knox

  I thought oil was going down because the demand had dropped worldwide and lots of entities needing cash were selling their futures.

  Also, like an idiot, I read the newspaper, yes, I know, friggin dumb. Anyways, normally, when oil gets low enough, people start buying up oil and putting it in big tanks. People buying up large amounts of cheap oil tends to put upward pressure on oil prices. Only, one small problem, no one can get access to credit to rent the big tanks and buy lots of oil. This tends to explain why oil just keeps going down. Or I could be smart, get a radio show and say they just cloned hitler and he needs cheap oil for those gas hungry panzers. 

Sincerely,

a Veteran of a 1000 psychic wars.

Schulz: "I know no-thing!  No-THING!"

http://www.sctriallaw.com/Sgt_20Schultz_small.jpg 

"Beauty is only skin deep, but liberal's to the bone." - me

Let's see, who's had a greater negative effect on the economy lately...

Greedy S.O.B. oil companies and OPEC...or

The Clinton administration and the CRE, Fannie Mae and Freddie Mac overseen by ACORN and Comrades Frank, Emanuel and others engaged in the struggle for the ascendancy of the Proletariat?

Tough one...just don't know... 

One of the 24% who thinks George W. Bush was a great President. One of the 89% who wants to bring back the stock and pillory.

and just storm out of his studio pissed off, like he did on FOX News awhile back?

Oh, and don't worry about "The Vast Right-Wing Conspiracy Fix" being in on oil prices either, Ed.

Because as long as you keep hitting those Happy Meals, they'll be plenty of bio-fuel for everybody too.

Options, Ed. Options.

Lord, Help Us! 

Low ratings and low IQs of guys like that make me think there's more of chance that there's Leftist Media Conspiracies that let total dumbarses like that fat f. spew and spew on the air.  No need for evidence or proof or sense or two brain cells to rub together if you're on their team.  

   The Left wants the rest of us to suffer, period.  They'll be exempt, though.