March 16, 2012
Drill to Lower Prices? Yes We Can!
Editors, Investor's Business Daily
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."
TAGGED: Department of Energy, green energy, gas prices, oil prices, oil drilling, President Obama