06 October 2008

"Drill, Drill, Drill!"

"Drill, Drill, Drill!" Has been the Republican mantra as gasoline and oil prices skyrocketed. The Republicans ridiculed the Democrats who asserted that a major factor in the rise of oil prices, cheap money, was the culprit.

As the current financial crisis has unfolded, easily borrowed money has disappeared from the market place and oil prices have plummeted. The Republican have delivered some additional drilling grounds to their backers, BIG OIL, but B.O. is not satisfied with what it's gotten. Nevertheless, the market crisis has clearly demonstrated that most of the force of the price rise has been unbridled, UNREGULATED speculation!

No comments: