Hmmm.....

It doesn't take a rocket scientist to figure this one out. Aw heck, even us bitter, gun-clinging folk in flyover country can darn well see what is happening.


Image courtesy of IBD Editorials

This price drop, of course, can be reversed. It's all in the hands of Madam Speaker and her Do-Nothing Congress. The Congressional ban on offshore drilling expires at the end of September. Congress must act to either continue the ban, or lift the ban. Either way, their action will send a strong message to the oil market.

What would we like the message to be? America is doing what it takes, changing their decades-old policies, and expanding their own search and production for their own oil, thus reducing their dependency on oil sourced from the Armpit of the World?

Alas, not if Madam Speaker has her way, judging by her comments and inactions.