Wednesday, July 23, 2008

President George W Bush order an executive order to do off shore drilling.

The price per barrel was $140. Today, it's approaching $126.
Obama and demogoues said that drilling oil will not cut 1 cent, yet so far it has cut $14 per barrell.

Source: Bloomberg.com/energy as of 1.31PM CST 07/23/2008

Nymex Crude Future126.41-2.01-1.5713:53
Dated Brent Spot126.12-2.97-2.3014:23
WTI Cushing Spot124.54-3.41-2.6714:10

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