2/01 oil was 24.78
2/07 oil was 55.76
That is an increase of 120% in 72 months with a Repub Congress and Pres.
By 7/08 oil was 144. an increase of 157% in 19 months with a Democratic Congress.
The question is why. And the answer is obvious. OPEC knew that under the Repubs outrageous increases would be met with renewed drilling in the US. When the Demos too control OPEC knew they could charge what they wanted and the Demos would not allow drilling in the US.
As for why Bush didn't start drilling, do you understand the word "filibuster?" I mean if the Demos won't drill when gasoline is $4.00, do you think they would have when gasoline was $1.80??
http://tonto.eia.doe.gov/dnav/pet/hist/wtotopecw.htm
Crossposted at Tennesseean
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