Art Eatman
Moderator In Memoriam
I imagine if the Iraniian president would quit jacking his jaws with all this war talk, the spot price of crude would drop about $15, and gasoline by some 50¢ or so.
Drilling in the ANWR, plus additional offshore exploration/development/production would make another $10 to $15 drop. But, that's two years or more in the doing. I really doubt oil will ever drop below maybe $40, or gasoline below $2. (If so, it's gonna be short term.)
Bush & Co. have damn-all to do with the price of oil. The marketplace, world demand, uncertainties in politics and Econ 101 are the controls, albeit varying in degree from time to time.
Art
Drilling in the ANWR, plus additional offshore exploration/development/production would make another $10 to $15 drop. But, that's two years or more in the doing. I really doubt oil will ever drop below maybe $40, or gasoline below $2. (If so, it's gonna be short term.)
Bush & Co. have damn-all to do with the price of oil. The marketplace, world demand, uncertainties in politics and Econ 101 are the controls, albeit varying in degree from time to time.
Art