March 16, 2012

Drill to Lower Prices? Yes We Can!

Editors, Investor's Business Daily


Nobel Intent

Energy: Just as President Obama was lecturing the country about how more drilling won't lower gas prices, oil markets called his lie — cutting prices $2 a barrel in mere talk of releasing some oil from the strategic reserve.

As the Washington Post reported on Thursday, oil prices "dropped quickly ... on a news report that Britain and the United States would cooperate on a release of crude oil from strategic reserves."

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TAGGED: Department Of Energy, Green Energy, Gas Prices, Oil Prices, Oil Drilling, President Obama

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