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That Was Then, This Is Now

Crude price historicalYou see this chart? Notice the spike in prices in 2008? Notice the steep decline afterwards and then the rise later that year? Do you know what that is?

President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit.

Citing the high prices Americans are paying at the pump, Bush said from the White House Rose Garden that allowing offshore oil drilling is "one of the most important steps we can take" to reduce that burden.

However, the move is largely symbolic as there is also a federal law banning offshore drilling.

"This means that the only thing standing between the American people and these vast oil reserves is action from the U.S. Congress," Bush said.

That was a Democrat Congress. Now the only thing standing between the American people and our own oil, is the President of the United States.

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